“Warning. A Lehman Brothers moment with the explosion of the Gas Derivatives Market! Editorial Charles SANNAT
My favourite limitless, my favourite limitless,
It smells like fuel … do not you assume?
Whatever the case, the German authorities assume the identical about the monetary markets, for the relaxation, and if there’s a fuel scarcity in Europe attributable to the discount in deliveries imposed by Russia, the Europeans will undoubtedly wish to be. Able to odor fuel!
And let me think about this winter, when hundreds of low-rent housing fuel boilers will not have the ability to pay বা 19 or এবং 20, and we will probably be agency in the north of Laird …
Here is what the American monetary press company Bloomberg reported to us.
Germany has warned that Russia’s transfer to chop Europe’s pure fuel provide is inflicting the vitality market to break down, drawing a parallel with the Lehman Brothers’ position in beginning the monetary disaster.
Fuel suppliers are rising losses by being pressured to hedge volumes at larger costs, risking a contagious affect for them, together with native utilities and their prospects, prospects and companies, it mentioned on Thursday. Economy Minister Robert Habek after the nation’s fuel surge. The second highest ‘concern’ degree is the danger degree. A
The downside is derivatives!
In Europe we wished to play deregulation and play “if the vitality market was free it was like every other market”.
So we let so much of gamers and various suppliers enhance, who serve the phantasm of alternative and serve completely no goal aside from issuing invoices with a brand new emblem. They are ineffective as a result of they don’t have distribution infrastructure, nor have they got drainage or manufacturing capability! So it’s only the industrial construction that buys at wholesale costs the energy to retail which they’re unable to supply and distribute.
So they are going to die in brutal financial distress and this normally occurs at no further price in the case of “enterprise”.
But they are going to take so much of folks with them, beginning with banks … and sure, the world of finance inside a “free” market construction can create tons of by-product merchandise that help you hedge towards all the things and towards something. …
I can play up or down, assuring myself of a worth or course. The downside is that I can assure you a fuel course for subsequent 12 months, but when there isn’t any extra fuel, I’m right here! Besides, if I promote fuel upfront which I would not have and which I would not have as a result of Russia not needs to provide, I’ll most likely be doomed to chapter! And banks.
We are going to expertise a brand new Lehman moment as a result of of the Russian fuel minimize!
So we’re going to get one other Lehmann moment, however … relaxation assured, we gained’t let our banks down and the central banks will print sufficient cash to cowl the losses.
Central banks like FED and ECB can do all the things towards monetary loss!
In distinction to the absence of fuel, they will do nothing to guard you from shivering this winter.
If the fuel derivatives market explodes, and it makes excellent sense, banks, firms and different establishments will most likely be protected by the states and central banks to keep away from a Lehman disaster that can price far more.
We will make cash by saving the system.
We will improve inflation by making extra money.
We will speed up the worth of gold by strengthening inflation.
So the worth of gold will go up a lot that the banks will go bankrupt.
Come on, don’t be concerned, to clarify to 1 of our ministers, I might say it could be okay.
It is already too late, however not all is misplaced.
Prepare your self!
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