Interested in the Worm Oroborous type phenomena? The consider.
The Treasury and Fed are forced to recall leased gold, but of course that collapses the physical market as that much is unavailable, which leads to collapse of JPM, Goldman Sachs, et al. But that collapse cannot happen as they are not just too big to fail, they are now recognized by the US Government as too big to prosecute. So the US Government (with the aid of the Fed) have to bail them out, basically paying exorbitant prices for gold (via those commodity houses / bullion banks using the bailout money) to get back to the US Treasury and Fed in satisfaction of the expired leases.
Nightmare? Sure. But very real, and not really anything new. Its been that way for decades. Up to now the leases have been covered by new leases when their term comes due.
Recent ECC News
- Eagle Point Credit Company Inc. Launches Offering of 7.00% Convertible and Perpetual Preferred Stock • Business Wire • 05/08/2024 08:05:00 PM
- Eagle Point Credit Company Inc. Schedules Release of First Quarter 2024 Financial Results on Tuesday, May 21, 2024 • Business Wire • 05/07/2024 08:15:00 PM
- Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public) • Edgar (US Regulatory) • 02/29/2024 12:58:17 PM
- Form POS EX - Post-effective amendment adding exhibits to registration statement [Rule 462(d)] • Edgar (US Regulatory) • 02/22/2024 10:23:14 PM
- Eagle Point Credit Company Inc. Announces Fourth Quarter and Year-End 2023 Financial Results • Business Wire • 02/22/2024 01:00:00 PM
- Form N-CSR - Certified Shareholder Report • Edgar (US Regulatory) • 02/22/2024 11:02:25 AM
- Eagle Point Credit Company Inc. Announces Second Quarter 2024 Regular and Supplemental Common Distributions and Preferred Distributions • Business Wire • 02/13/2024 09:35:00 PM
- Eagle Point Credit Company Inc. Schedules Release of Fourth Quarter 2023 and Year-end 2023 Financial Results on Thursday, February 22, 2024 • Business Wire • 02/08/2024 09:15:00 PM
- Form 8-A12B - Registration of securities [Section 12(b)] • Edgar (US Regulatory) • 01/24/2024 09:19:11 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/23/2024 10:13:38 PM
- Form 424B2 - Prospectus [Rule 424(b)(2)] • Edgar (US Regulatory) • 01/23/2024 10:07:41 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/16/2024 10:29:52 PM
- Form 424B2 - Prospectus [Rule 424(b)(2)] • Edgar (US Regulatory) • 01/12/2024 09:46:00 PM
- Eagle Point Credit Company Inc. Prices Offering of Preferred Stock • Business Wire • 01/11/2024 11:22:00 PM
- Form 497AD - Filing by certain investment companies of Rule 482 advertising [Rule 497 and 482(c)] • Edgar (US Regulatory) • 01/11/2024 10:26:46 PM
- Form 424B2 - Prospectus [Rule 424(b)(2)] • Edgar (US Regulatory) • 01/11/2024 01:43:42 PM
- Eagle Point Credit Company Inc. Announces Offering of Preferred Stock • Business Wire • 01/11/2024 01:40:00 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 01/08/2024 10:20:43 PM
- Form PRE 14A - Other preliminary proxy statements • Edgar (US Regulatory) • 12/22/2023 09:35:38 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/12/2023 10:30:21 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM