German Government Joins Iceland & Greece & goes after the Banksters
SEEDS OF CHANGE LIKE NEVER SEEN BEFORE
Global Insurrection against Banksters
CHINESE DUMPING WORTHLESS CURRENCY FOR GOLD!
It appears that the German Government has just plain had enough of the crap that the banksters have tried to pull, and has decided to do what Barack Obama should have done in early 2009.
No more naked credit crap, especially against sovereigns but not only against sovereigns. No insurable interest, no CDS period.
Naked shorting will now be actually stopped in 10 leading financial institutions.
Germany has had it with naked shorting of Gold, and specifically noted bank manipulation of gold prices via naked shorts beyond intent or ability to deliver.
Germany has also said that theyre not going to permit Euro derivatives that are not a bonafide FX hedge. That is, no more naked bets on Euro movements either.
Hedge funds are going to be regulated, position size limits mandated and enforced, reporting enhanced and a transaction tax is coming.
The German Government Has Had Enough
Despite the rule, some market participants believe its effects will be insignificant given the low volumes of CDSs traded in Germany. In Germany, CDS trading activity is very limited. Yes, there are consumers and purchasers of protection, but most sophisticated players have foreign subsidiaries and branches in London. So the decree is meaningless, says one derivatives lawyer based in Frankfurt.
(VN: Please check all these out and get the big picture)
GERMAN SECURITIES BAN MUCH NARROWER THAN ORIGINALLY THOUGHT
Celente-Seeds of Change like Never Seen Before!
Max Kaiser-Global Insurrection against Banksters!-1
Max Keiser-World Currency to Replace $US-2
Max Keiser-CIA in League with Hedge Funds-3
America begins to Erupt against the Banksters
Max Keiser says Banksters Hedge Funds must Destroy Euro to hide Evidence (Be patient, this is a download)
Chinese dumping worthless currency for gold
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