Jim Sinclair: We Haven’t Seen Anything Yet, Derivatives Collapse Will Be of Mayan Calendar Proportions!

The Doc: In his latest update to CIGA’s, the legendary Jim Sinclair states that we haven’t seen anything yet, and that the financial collapse in progress due to over $1 QUADRILLION in notional OTC derivatives is going to be an event of Mayan calendar proportions.
Sinclair’s full MUST READ alert below:


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To the amazement of the young turks and talking heads of Wall Street, economic law has not been repealed. When misuse of finance to the extreme (OTC derivative fraud) and exotic tactics are used to pretend solvency of financial entity balance sheets, the result will be not in terms of phony figures MSM doses daily to the sheeple, but rather in direct relationship to the degree of the true number in the insolvent categories of finance. The true number of OTC derivatives is above one quadrillion dollars as measured by the BIS before they cut the number in half by changing their computer program to value to maturity (which assumes all pay off, yet few will).  
The conclusion based on economic law is that we have not seen anything yet.
The balance sheets must balance and to accomplish that assets must equal liabilities. That is the foundational fact of what I have just told you. In time they will but the process is going to be Mayan calendar event of sorts.
This is why QE must continue to infinity which inherently also means debt must continue to infinity, or else.
“In short, if the government confiscated the entire adjusted gross income of these American taxpayers, plus all of the corporate taxable income in the year before the recession, it wouldn’t be nearly enough to fund the over $8 trillion per year in the growth of U.S. liabilities. Some public officials and pundits claim we can dig our way out through tax increases on upper-income earners, or even all taxpayers. In reality, that would amount to bailing out the Pacific Ocean with a teaspoon. Only by addressing these unsustainable spending commitments can the nation’s debt and deficit problems be solved.”

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