$30 Billion dollar IMF loan to Brazil is Total "Spin City Smoke & Mirrors"

Tan Range Exploration ^ | Fri Aug 9, 2002 | James Sinclair

[Gritty]

Major Operation was in place to Squeeze Equity Shorts and to Rally Securities market in order to SAVE major derivative dealers facing potential credit worthiness DOWNGRADES.

When the IMF so distorts the truth as to actually LIE about a $30,000,000,000 international loan, how can you publicly condemn corporate crooked bookkeeping and not the IMF as well? The IMF did not lend to Brazil $30 billion US Dollars as advertised to markets. The funds that are to be forwarded to Brazil, in 2002 & 2003 are referred to as "Museum Funds" in the international lending circles. These funds gain this title because under the terms of the loan Brazil cannot use the funds for any purpose other than as non-fungible deposit to simply count as a reserve. These funds are not exchangeable for anything. That means that Brazil cannot touch the $6 billion they will receive in 2002, or the $24 billion they will receive in 2003. This is what might be called in a police sting operation "Show Money". Yet the media headlines and the announcement by the IMF would have the equities, dollar and gold market believe that they had just laid on Brazil $30 Billions dollars which could be applied in anyway Brazil wants, most especially the demands of their short term debt so threatening to all of South America's half dead economies and half dead US money center banks appearing to be alive. A collapse of South America would severely injure major US money center banks like JPM already being rocked by other non functioning loans and quietly by totally insane, immense, irrational derivative positions.

As the equity market wilted the Federal Reserve pumped out liquidity in terms of monetary aggregates at record rates. This grease on the wheels of the market was falling flat on its face. The powers that be, seeing this, knowing a derivative disaster is nearing and seeing the dollar at a threatening level to US treasuries moved to squeeze the shorts.

The combination of the use of options and futures on equity indices and certain over shorted Dow Jones component stocks, and the reported trump card Spin City Brazil Loan, these "powers" accomplished a stampede of the short sellers thereby creating a 675-point rally. Will the general equities market see through this charade? Maybe, but I can assure you that it is my opinion that gold already has. The dollar will soon and thereafter the equities, except those that are totally bombed out and oversold (like some techs), will too.

[hinckley buzzard]

This comes on the heels of the (unpublicized) July 22
action by several Central Banks, to shore up the sinking dollar which was threatening to plummet, and cause the gold sell-off in the process.

The "masters of the universe" are really dancing on a tightrope, with the world's economy in their hands.
Do they honestly believe they can manipulate the world currency markets indefinitely? Or do they just buy time and pray for rain.
I don't trust their balance, or the god they pray to. I'm sticking with tangible assets till the clowns exit the arena.

[buffyt]

The IMF is such a rip off, it destroys countries.

[meenie]

The derivative exposure was threatening to take down the big three banks so they floated 10 and 20,000 call options in Chicago to goose the price of the indexes and trap the shorts. In this way they could even up some of their derivatives exposure. These banks are pulling stunts that they should go to jail for if we had a fair market system.

[imawit]

You guys are really cool. Where have you been. I've been hanging around the wrap up saying the same thing and getting very little response. Any body here shorting like me and the big guys. All I need is several mill and I can also bounce in and out of the treasury notes like they're doing. Hey maybe I could even get a million+ share trade in right a 4pm like happened on Thursday (short of course). Did you catch those shenanigans ?

[PGalt]

bump