Jim Sinclair: IMF States Entire Derivatives Market is a WMD Time
Jim Sinclair: IMF States Entire Derivatives Market is a WMD Time Bomb
Gold and derivatives expert Jim Sinclair has sent subscribers an alert this morning warning on the severity of the global derivatives market, which Sinclair has dubbed the Global Derivative Graveyard Problem.
The IMF, which currently estimates the global derivatives market to be approximately $600 trillion (rather than the true $1.26 QUADRILLION notional), has come out and stated that the entire derivatives market is a WMD time bomb.
From Jim Sinclair:
Here is the recent IMF conclusion on page #47 & #48 on the potential still remaining in the OTC derivative graveyard. This is not from me, but rather from the establishment itself.
The number the IMF is using is way below the huge number of the global problem, and still they conclude that the derivative market is a world class WMD time bomb.
The following is courtesy of CIGA DC browsing on our behalf. This should be a huge concern to any analyst with their eyes open.
Read more: http://1goldinvestment.com/jim-sinclair-imf-states-entire-derivatives-market-is-a-wmd-time-bomb/