A Financial Monstrosity Is Attacking the System

Rearing Its Ugly Head… April 21, 2020 UNSUBSCRIBE | ARCHIVES URGENT UPDATE FROM JAMES ALTUCHER… (Only good till 9:30 TOMORROW MORNING!) This isn't the first time James has traded in an extremely volatile market, but what he's accidentally discovered changes everything.   It's crucial you catch his latest update about life and making money in a post-coronavirus world.   James reveals exactly what readers should be doing to help protect their money and how they can even profit from his latest discovery.   This video is only online till 9:30 TOMORROW MORNING. Click here to watch his update now. A Financial Monstrosity Is Attacking the System Dear Money & Crisis Reader, Let's talk about what just happened with oil prices. Yesterday, oil dropped to -$40 per barrel. That is not a typo. Oil was priced at NEGATIVE $40. On Friday, it was priced at $27 per barrel. How is this possible? This is possible because of derivatives: financial instruments that trade in opaque markets, with little oversight, and which regulators, including Congress, have permitted to become a systemic problem. In its simplest rendering, yesterday oil traders who owned oil derivatives realized that if they continued to hold these derivatives, they (the traders) would have to actually take delivery on the physical oil they owned. We're talking thousands and thousands of oil barrels being delivered. The traders don't want the actual physical oil. They simply want to be able to trade oil prices. So they dumped their derivatives at any price… including PAYING someone to take the derivatives off of their hands. This is how you get NEGATIVE oil prices. And it reveals the degree to which the financial system has become totally overrun with derivatives, leverage, and financial trickery. Even worse, oil is not the only asset class that has become overrun with derivatives. The bulk of trading in every commodity, including gold, involves derivatives. The same is true of BONDS. Derivatives are used to hide losses, manipulate prices, and even fake profits. They are a massive problem that nearly blew up the financial system in 2008. And as oil's implosion yesterday revealed, derivatives remain a major problem today as well. How big of a problem are we talking? The last official data on the global derivatives market puts it at $640 TRILLION, or over SEVEN TIMES GLOBAL GDP. What happened in oil is a signal that this financial monstrosity is once again rearing its head. The question now is just how horrific the carnage will be. This is a fluid and dynamic situation. And it's one I'll be tracking here in Money & Crisis in the coming days. Best Regards, Graham Summers Editor, Money & Crisis Man who Predicted 2008 Collapse Makes SHOCKING new Prediction for 2020 He helped save America from a $1.3 trillion banking crisis… He predicted the Great Recession of 2008… He predicted Trump's 2016 election… But now he's issuing his most urgent warning yet. If he's right again, God bless America…  Click here to see all the details of his analysis and decide for yourself if you should protect your family and your wealth. To end your Money & Crisis e-mail subscription and associated external offers sent from Money & Crisis, click here to unsubscribe. If you are having trouble receiving your Money & Crisis subscription, you can ensure its arrival in your mailbox by whitelisting Money & Crisis. Money & Crisis is committed to protecting and respecting your privacy. Please read our Privacy Statement. Phoenix Press, a division of Laissez Faire Books, LLC. 808 Saint Paul Street, Baltimore MD 21202. Nothing in this e-mail should be considered personalized financial advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized financial advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after online publication or 72 hours after the mailing of a printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. © 2020 Phoenix Press, a division of Laissez Faire Books, LLC. All Rights Reserved. Protected by copyright laws of the United States and international treaties. This newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of Phoenix Press, a division of Laissez Faire Books, LLC. EMAIL REFERENCE ID: 401MNCED01