Wednesday, March 19, 2008


AMERICA BARELY MEETS A MARGIN CALL


And this is just the first of hundreds - thousands - of moneyshifts, most of which the paying public will never even hear about until their shares in the US (i.e. the dollar) are worth pennies, before the freeprinting currency reaches its intrinsic value and surviving US banks are nationalized.

There is blood in the water, as the sharks begin to eat their own...

The transaction is all the more odd in that Bear Stearns' purchaser J.P. Morgan is the world's largest holder of derivatives!

Foreign investors are withdrawing their support of the currency...

For a view of where all this may be headed, see the Weimar experience...

BTW, the current derivative nominative total is over 500 TRILLION dollars...

And The Street on Welfare...

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2 comments:

Tabor said...

Unfortunately I saw all this coming but who in the hell would believe me? I am quite amazed that it has happened so late.

Bob Brady said...

Yes, I've posted a number of rants on the subject over the past few years, but not much reaction; wonder how bad it has to get... You can be sure the insiders are getting their assets moving.