There Is No Salvation For The Securities Markets
Bill Holter | Jim Sinclair's MineSet
Sep 13, 2015
http://bit.ly/1Y1iNc9

[snip]

Markets are now completely broken. Six plus years of zero percent interest rates have taken away any possibility of putting a real or true valuation on anything. The “tool” of derivatives has been used by our central planners to bend and twist markets in ways to “prove” their policies work.

I think it can be summed up by saying “everything is worth nothing”. The coming “holiday” will soon separate what is real and what is not. It will separate what actually has value from what truly does not. As I wrote late last week, there is simply not enough “money” in the system to settle the outstanding trades/derivatives/”insurance claims”. We are about to find out the old proverb “you cannot get something for nothing” is very true and our standard of living has been a fairy tale that promised just this.

When all is said and done, Wall St. will be reviled for at least one full generation. For someone to “admit” they are a stockbroker will be akin to saying they are a loan shark or used car salesman in my opinion. The securities industry will have no salvation nor capital left for that matter when the lawsuits come. Either we have a rule of law or we do not, we will soon find this out the hard way I am afraid. Whether you understand this or not, “settlement” is what is lacking. The entire game has been played without “settlement” and the public has been fooled.

There will be hell to pay when the little guy figures this out. He has worked a lifetime for something that not only has no value but was intended this way to “never pay”.