The global liquidity crunch is "on."
Dollar liquidity froze around the world (2008 anyone?) today.
- Bankers refuse to loan any money to other bankers.
- US provides emergency swaps as global melt-down continues.
- Central bankers and large bankers desperate to obtain whatever physical PM's they can in a tight market...raiding the paper COMEX helps 'ease' the price of entry they'll have to pay, others needing liquidity forced to sell PM's to raise cash.
This is very bad ju-ju that we haven't seen since the crash of Lehman.
Friday 18 November 2011
Crunch is on. Game afoot................from Rico
From Theo Spark at 06:15
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