http://www.bloomberg.com/news/2011-...must-cut-debt-and-deficits-increase-jobs.html Just when you think you can guess what might happen the unexpected happens I seem to say this every day now, but here I go again - tommorow is going to be an interesting day.
just another stage in the plan to buy up the world's hard assets through legalised counterfeit of currency represented as a fiat system driven by fiscal irresponsibilty subject to the foibles of avarice and greed fiat is a cancer - eating the world from the inside out
Eurozone banks own 70% of the Greek debt, but 50% of that exposure is insured against default? And who issued that insurance? US institutions
I think Robert Kiyosaki best summed it up when he said that the world's derivatives, credit default swaps/options, bond markets and so forth as being like 100 of the world's most prominent financial experts and politicians all sitting around a massive table, and then when the bell rings everyone starts frantically writing IOUs to one another in a desperate frenzy - then when the music stops and it all comes to a halt, attempting to try and sort out who owes what to who :/
guess I wasn't the only one thinking Geithner was a big fat hypcrite going to EU and telling them what to do: http://www.zerohedge.com/news/europ...ed-states-will-reduce-its-deficits-and-its-de
