Ladies and Gentlemen, prepare to defend yourselves! The mountain of garbage paper, weapons of mass financial destruction known as OTC derivatives, is shaking very hard.

You haven't seen anything yet.

Before the Plunge Protection Team fails they will burn the US dollar by ordering the creation of whatever unprecedented level of liquidity is required. Gold is going to $1050 at which point a battle royal will take place and thence on to $1650. The dollar is history.

The entire financial community is threatened as it has never been before. By world class greed they have killed themselves. “Not to worry, the big boys have all their money out” is the ill advice from others as to what you are about to witness.

Operation White Noise calls on the addition of liquidity as an act to protect the financial system and economy against the housing problem. That is spin for a meltdown in credit derivatives. Soon the OTC default derivatives are going belly up. At that point you know what has hit the proverbial fan. Wow, this is coming fast!
http://www.jsmineset.com/

Fed Pumps $41B Into US Financial System
Thursday November 1, 5:15 pm ET
By Jeannine Aversa, AP Economics Writer

WASHINGTON (AP) - The Federal Reserve pumped $41 billion into the U.S. financial system Thursday, the largest cash infusion since September 2001, to help companies get through a credit crunch.

The action comes one day after Fed Chairman Ben Bernanke and all but one of his central bank colleagues voted to slice a key interest rate for the second time in six weeks to protect the economy from the ill effects of collapse in the housing market, aggravated by the credit troubles.

The cash injection also came as Wall Street took a nosedive Thursday. The Dow Jones industrials were down more than 260 points in afternoon trading.