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Red Kite, Global Alpha, Goldman Sachs: First systemic failures in the financial system (Leap/E2020)
Leap/E2020 -- Decoded News
Feb. 6, 2007 -- In the past few days, international financial circles began to worry (quite rightly) about considerable losses suffered by Red Kite, one of the largest metal trading hedge funds. To avoid a panic, Red Kite's management assures that there will be no problem as long as clients agree to extend the notice period to redeem their investments. In fact, they arbitrarily decided to extend this delay from 15 days to 45 days, thus proving that the crisis is severe and that individual clients could simply be confronted to Red Kite's bankruptcy in a few weeks from now.
Indeed, let's be clear about it: they are not the priority! As LEAP/E2020 described it in October 2006 in the GlobalEurope Anticipation Bulletin N°8, these large hedge funds are now interlocked with the U.S. Fed's "primary dealers," such as the Goldman Sachs bank, which we learnt a few weeks ago suffered considerable losses via Global Alpha Fund, Goldman Sachs' jewel speculative investment fund. However no one knows how much these considerable losses amount to because Goldman Sachs has refused until now to tell anything about it (see LEAP/E2020's "Decoded news (December 11, 2006)": U.S. recession/Dollar collapse: Even hedge funds administered by Goldman Sachs are beginning to lose money). Small investors will get the surprise in due time, that is to say once large players have saved their interests… as they will in the case of Red Kite, knowing these two events are intimately related.
Thereby, the International Herald Tribune of July 28, 2006, informs us that Red Kite is Global Alpha's largest investment in the fields of commodities. Red Kite's losses therefore have a direct impact on Global Alpha's losses, the latter itself involved in Goldman Sachs' profits these past few years, knowing that Goldman Sachs is the U.S. largest private bank and one of the Fed's strategic partners actively involved in the management of the U.S. dollar and treasury bonds to prevent the deficit in the U.S. balance of payments from provoking the dollar's collapse.
Such are the connections the readers of GEAB learn to establish since February 2006 -- connections that are at the centre of the unfolding global systemic crisis and of America's "Very Great Depression" whose evolution LEAP/E2020 anticipates each month. Today, the connections decoded a few months ago are beginning to unveil, followed by a stream of massive losses and bankruptcies. For those who failed to anticipate the events, it is now too late. As it is too late for Red Kite investors who are beginning to be told: “Sorry but you can no longer redeem your money!”
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Note:
A « primary dealer » of government securities is an operator authorised by the U.S. Federal Reserve to buy and sell government securities to the public. "Primary dealers" list, source Federal Reserve Bank of New York.
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CreatedThursday, February 08 2007
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Last modifiedWednesday, November 06 2013
