Friday, July 17, 2009

Avoiding The Real Problem

This is really going to anger China, the BRICs and our Saudi/Kuwaiti Bankers

I have repeatedly told you that the problems that landed us in this mess have not been addressed. The reason is simple. The company going broke is the loser on the OTC derivative and therefore requires a cash injection in order to pay the winner on the OTC derivative. The winners are those banks reporting huge gains from their trading activities.

The entire plot is right in front of your eyes but you do not see it. (more)

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