>>22507
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The fact that this news has come out publicly should be an earth-shattering red-flag to everyone. It seems to me, they don't tell Regulators to "prepare to handle FAILED CLEARING HOUSES" unless they already know that MORE THAN ONE is failing.

The fact that this guidance from the Financial Stability Board has now been made public, I think is their way of telling those who need to know, something is terribly wrong with more than one clearing house.... and I think it likely signals those in-the-know, to get out and get out fast.

If time was not of the essence, they would not have needed to make this public. They could have spread the word quietly. Discreetly. So, in my personal opinion, whatever is about to happen is going to be staggering. I think, they know it's coming. I think, they know it can't be stopped.

People on Pensions rely on those Pension Funds to get cash out of stocks to pay their pension. And that right there, is the big rub. Pensions hold stocks. When they need to sell some to put out Pension checks, they sell, their stock goes to the clearing house, the buyer sends cash to the clearing house and.... theoretically... the clearing house sends the cash to the Pension Fund.

In general, a clearing house is sent stocks or bonds to be "settled." The entity settling sends the funds to the clearing house, to be forwarded onto the seller.

BUT if the clearing house is bust, the money the seller was *supposed to get*, never comes from the clearing house. They keep it. Hence, they failed.

If Pension plans can't get cash, they can't pay pension checks. See how that works?

I am no financial expert and I am not licensed in any financial field. I cannot, and am not, giving any financial advice. But even I, a Layman, can see the writing on THIS wall. Some BIG clearing houses are about to fail.