In this report I cover the early market action from London on Friday, June 8th, 2018. I briefly go over the precious metals, the dollar, the stock market and the bond markets.
I look closely at derivatives and their history and original as instruments for hedging agricultural commodities and how they have evolved and been hijacked by central banks and governments in order to manipulate financial prices and indicators in order to keep the fraudulent irredeemable debt or fiat money system from collapsing.
I note that derivatives are nothing but highly leveraged side bets and that the centers of finance like the City of London, Wall Street and Frankfurt hsve become centers of gambling and how interrnational banks like Deutsche Bank, JP Morgan and Goldman Sachs are nothing more than glorified casinos.
I conclude by stating tha a failure of Deutsche Bank would only be the tip of the ice berg as all the other too-big-to fail banks or SIFI have as much and if not more of an exposure to these toxic instrument called derivatives.
