“17. A massive gold stock repo is coming as the gold price soars. Just as the bankers collected trillions in winnings from the taxpayers on their real estate, stock market, and bond market OTC derivatives, the bankers will collect the winnings from the hedged gold companies via a stock repo: “Hey Mr. Mining Company, you’ve got a 10 billion dollar margin call on your bustout gold hedges you wrote with me. You’ve got 24 hrs to hand over the dough or I repo your stock, got it?” -Mr. Banker, 2010-2011.
18. “I don’t have any dough. I’m broke. Here’s 51% of my stock” -Joe Mining Company CEO.”
Jim Sinclair (jsmineset.com) mentions the bankers’ “short gold derivatives” fairly often but it hadn’t really sunk in with me what they were
this article makes it a little clearer – basically the banks finance the mining companies and part of the fine print in the loan docs is a gold derivative where the mining company shorts gold – when the price of gold takes off the mining companies end up massively underwater due to their derivative short position and then the banker makes a margin call – via these gold derivatives the banks will take control of the mining companies and ultimately control a significant portion of the gold production on the planet
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from the article:
“Throw your “the bankers are going to burn because they are idiots” theories in the garbage… before they cost you any more real money. I HATE losing money. Which is why I study the actions of the bankers so intently. They are the greatest money makers in the world.”
