Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
How to Capitalise on the Robots - 20th June 24
Bitcoin, Gold, and Copper Paint a Coherent Picture - 20th June 24
Why a Dow Stock Market Peak Will Boost Silver - 20th June 24
QI Group: Leading With Integrity and Impactful Initiatives - 20th June 24
Tesla Robo Taxis are Coming THIS YEAR! - 16th June 24
Will NVDA Crash the Market? - 16th June 24
Inflation Is Dead! Or Is It? - 16th June 24
Investors Are Forever Blowing Bubbles - 16th June 24
Stock Market Investor Sentiment - 8th June 24
S&P 494 Stocks Then & Now - 8th June 24
As Stocks Bears Begin To Hibernate, It's Now Time To Worry About A Bear Market - 8th June 24
Gold, Silver and Crypto | How Charts Look Before US Dollar Meltdown - 8th June 24
Gold & Silver Get Slammed on Positive Economic Reports - 8th June 24
Gold Summer Doldrums - 8th June 24
S&P USD Correction - 7th June 24
Israel's Smoke and Mirrors Fake War on Gaza - 7th June 24
US Banking Crisis 2024 That No One Is Paying Attention To - 7th June 24
The Fed Leads and the Market Follows? It's a Big Fat MYTH - 7th June 24
How Much Gold Is There In the World? - 7th June 24
Is There a Financial Crisis Bubbling Under the Surface? - 7th June 24
Bitcoin Trend Forecast, Crypto's Exit Strategy - 31st May 24
Zimbabwe Officials Already Looking to Inflate New Gold-Backed Currency - 31st May 24
India Silver Imports Have Already Topped 2023 Total - 31st May 24
Gold Has Done Its Job – Isn’t That Enough? - 31st May 24
Gold Stocks Catching Up - 31st May 24
Time to take the RED Pill - 28th May 24
US Economy Slowing Slipping into Recession, But Not There Yet - 28th May 24
Gold vs. Silver – Very Important Medium-term Signal - 28th May 24
Is Gold Price Heading to $2,275 - 2,280? - 28th May 24
Stocks Bull Market Smoking Gun - 25th May 24
Congress Moves against Totalitarian Central Bank Digital Currency Schemes - 25th May 24
Government Tinkering With Prices Is Like Hiding All of the Street Signs - 25th May 24
Gold Mid Tier Mining Stocks Fundamentals - 25th May 24
Why US Interest Rates are a Nothing Burger - 24th May 24
Big Banks Are Pressuring The Fed To Losen Protection For Depositors - 24th May 24
Another Bank Failure: How to Tell if Your Bank is At Risk - 24th May 24
AI Stocks Portfolio and Tesla - 23rd May 24
All That Glitters Isn't Gold: Silver Has Outperformed Gold During This Gold Bull Run - 23rd May 24
Gold and Silver Expose Stock Market’s Phony Gains - 23rd May 24
S&P 500 Cyclical Relative Performance: Stocks Nearing Fully Valued - 23rd May 24
Nvidia NVDA Stock Earnings Rumble After Hours - 22nd May 24
Stock Market Trend Forecasts for 2024 and 2025 - 21st May 24
Silver Price Forecast: Trumpeting the Jubilee | Sovereign Debt Defaults - 21st May 24
Bitcoin Bull Market Bubble MANIA Rug Pulls 2024! - 19th May 24
Important Economic And Geopolitical Questions And Their Answers! - 19th May 24
Pakistan UN Ambassador Grows Some Balls Accuses Israel of Being Like Nazi Germany - 19th May 24
Could We See $27,000 Gold? - 19th May 24
Gold Mining Stocks Fundamentals - 19th May 24
The Gold and Silver Ship Will Set Sail! - 19th May 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

The 3 Grinch that stole Xmas. Why were they flying upside down?

Stock-Markets / Financial Markets 2014 Dec 08, 2014 - 11:34 AM GMT

By: Submissions

Stock-Markets

Nicholas Migliaccio writes: I think it was the pilot from Colorado brought in his kit. No it was really not marijuana related
 t was an auroral storm of the century, trashed their instruments, in the middle of a 12 hour white out left them flying blind, and  upside down, the wrong way into the West Flank of Mt.Elbert, where no one knew to look for them.   Their instruments must have been trashed by the storm as the black box showed them impacting the mountain, upside down, at 550 knots.  There was not much in the way of big pieces left.


                        Those who knew the damage these Grinches caused, cared not if they crashed and burnt,and
 this report made the news then disappeared.    Others may have been relieved at these Assisted Banker Suicides.   I was ashamed to realize one of the JPM VP's that died had my exact name,I later learned from the  State Police Report, which is no longer available to the public.  I only got my copy when they assumed I was related.  I am NOT.  


            Apparently they thought they could steal this Christmas from the Rest of the World, as members of the ABC (Anglo Banking Cartel).  As befit their role as Kings of the World, they were flying a refurbed luxury Bizliner BC – 605(there was not that much of it left) right into the highest spot in the San Isabel Natl' Forest.    Overdue on their filed flight plan from Chicago to Honolulu for a meeting with a consortium of asian financial entities, their last radar contact was from Denver 12 minutes before they dropped of the 'scope.  Despite 27 days of intensive searches, part of the tail was only spotted by a heli-skier at about 10,000 feet, after it slide into a steep crevasse that did not allow any locator signals out.  The heli-ski bird, an AS350B3 used every one of its 850 gas-turbine horses to pull out of that valley after setting to check for survivors in what was one of the worst days STEMCO Helicopters had that week.  Once safely back they contacted DIA and gave them the GPS coordinates the pilot had MOB'd.  The pilot was questioned by NTSB but not the skier, who according to the pilot “never saw anything”, sleeping on the way back from the weather aborted downhill run.  All signs of the visit were erased by another 2 feet of snow and 60 MPH mountain gales.

            The baggage compartment had sheared off dropping two armored aluminum cases next to it as it stuck up in sight, after the body of the plane slide into the crevasse, after scattering notebook sized pieces thru the conifer forest.  Finding no survivors after 30 days at 11,000 feet,  the heli-skiier scooped the two cases and skytailed it back to the Leadville Airport not suspecting the value of the documents that fell out of the one case  as he lifted it.  There  were 3 copies of document packages, probably about 100 pages each, unsigned as they were, titled  “Multilateral Reduction of Derivative Instruments” , seemingly held by those about to receive ownership of “certain assets whose ID numbers accompany this manifest”.  It seemed a little sketchy until the finder realized that the “certain assets” were housed at 33 Liberty St. New York, NY, 10045,were in the custody and vaults of the NY Federal Reserve Bank.  I never got to know what was in the 2nd case, I only know it was confiscated by the NTSB investigators, and when the pilot asked about it, they denied it existed.
            Grinch #2 had originated the documents from the asset origin, and Grinch #3 had been from one or the other of them was from “The City”, I'd be guessing here, a Barky guy or BOE.  We will never know as the bodies were scavenged beyond recognition by foxes and ravens.

            How HOW Radio happened to break this story is because I used to write some IRA ETF columns the skier had used 10 yrs previous and he trusted me with the documents.  Long story short,   I talked to a guy who talked to a guy and the story was on its way into the wider world.  Hell broke loose when the documents were published on the Internet.  Although they disappeared within a day or two, apparently they were downloaded by a bunch of folks who later made it possible to disseminate them globally, and kept popping up on the 'Net faster then they could be removed.    Apparently,  the assets in question were gold bars in the basement of the NY FED, and the first lynching cries came from Germany that was waiting for its gold to go back to Germany, promised by the FED and guaranteed by the US Gvt.  Word had it the Belgians were in line as well, and rumor had it that the gold bars in this list had been sold over and over and over again, with these same Bar numbers in multiple Reserve Asset Inventory lists throughout the globe.  Financial writers the planet over had published this list of Bar numbers and apparently in the last three days, multiple supposed owners had come forward with their own lists, claiming ownership in multiple overlapping and conflicting claims.

            I am not sure  the NY FED's non-denial denials helped, claiming they had those gold bars in custody, and saying nothing else, which seemed to me to be an implied confession that they did not want to confess to selling them over and over again, knowing full well they had.  A financial firestorm had enveloped the global exchanges, the volatility skyrocketing over missile-rattling threats of nuclear powers, apparently to obliterate the financial news and dampen the financial firestorm, which had only resulted in MORE volatile markets.

            The Yen Carry trade blew up because the US DOLLAR had skyrocketed and bankrupted several big counter-party traders, and the Yen firmed as the physical gold market tripled in volume, and traded erratically whilst the COMEX trade slowed to a trickle except for midnite dumps by large entities, which damped the $100 price spikes that seemed to happen late in the day.   Russia, several other oil producers defaulted along with almost every 2nd Tier over-financed Shale producer.  Interest rates for all currencies were ramping, based on the fear of holding paper, as well as the Euro tanking.  Russia reverted to a Gold Ruble, exchanging their Gold Bonds $100 par at 17 to 1 externally and 21 to 1 internally and demanding payment for oil in gold or rubles.  They also reserve the right to flexibly revalue the Ruble up or down
            As the US Dollar ramped, more and more bankruptcies sprouted like mushrooms as the accompanying deflation made it harder for everyone to pay their debts and US Foreign Exports dropped with every basis point the dollar rose.
            Yes those 3 grinches and all that they represented, ruined Christmas 2014.  They ruined Christmas 2015 for all the Anglo Banking Cartel, and all the profiteers and sellers of Sub Prime, Mortgages, Car Loan and Student Debt, not to mention every major political power broker in the West.  Virtually all the opposition parties have called new elections with votes of NO CONFIDENCE, and impeachment proceedings.  Except Russia.  Apparently Putin had warned the West was about to sell the whole world in to slavery like this, and now smiles like the Cheshire Cat when asked about it and answers “Bez kommentariyev”(no comment).
            People ask, rightly, what good is 39 cent gasoline when we lose our houses, our jobs?
I guess the Heavens (aurora) brought some good fortune and others ruin.  Ever was it so.

          Happy ending?  No, I think not.  A lot of us are going to continue eating dirt from all the negative financial fallout that came with this debt and currency explosion.  Gold standard ?  No we have a ruble standard now.  Apparently a de facto “full faith and credit” exchange is now occurring between Russia and China, so the yuan has gained equal standing with the “floating gold ruble” exchange.  Germany is linked by trade and taking part in this as well.  The Comex trading is very sporadic via-a-vis gold and silver contracts and the Asian Physically Settled Exchanges are now the standard mechanism for price discovery. 
The Bad news ?  Things are about the same as they were.  The Good News ?  Things have STOPPED getting worse and the domestic opposition, globally has distracted certain governments from their missile-rattling.
 
            That's where this stands a month after Christmas 2014.  We are not out of the woods but we can see the mountains from here.

Nicholas Migliaccio

www.denaliguidesummit.blogspot.ca/

© 2014 Copyright Nicholas Migliaccio - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in