Tag Archives: default

The State of Banks

What will China do if they experience a banking crisis? The normal course of action would be to raise cash/assets to cover their losses. What will the United States do if China calls in their US Treasurys? David DeGerolamo Top … Continue reading

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Let Them Eat Bread

As the United States heads toward default and China is planning to eliminate the USD as the world’s reserve currency, pResident Obama decides a photo op will solve the crisis. If the USD is replaced, people will be begging for … Continue reading

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On the brink, Detroit halts debt payments, plans pension cuts

Detroit will immediately stop payments on about $2 billion in debt, the city’s emergency manager announced Friday, an effort to conserve cash. The manager, Kevyn Orr, also said Detroit will need to cut pay and pension and health benefits for … Continue reading

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ODDS OF COMEX DEFAULT INCREASING EXPONENTIALLY

A ”default” can occur if too many longs stand for delivery.This very well could happen and the likelihood has risen in just the last 2 trading days as open interest has increased rather than decreased. If 10% of the longs stood … Continue reading

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Nigel Farage: EU wants to steal money from Cypriots bank accounts

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Greece Is Not the Point

Four of the top five articles on Zerohedge.com are currently outlining the Greek Crisis. Is this important to the rest of the world or to you personally? Yes and there is no qualifying “but” to be considered. The future of … Continue reading

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An Accurate Assessment of Greece

 “A sleight of hand is not magic; just a trick. It is amazing to me these days how proficient the EU and the ECB have become in turning tricks.” -The Wizard Another Greek bailout has been put together. Whether the … Continue reading

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Will The European Union Now Listen to the Truth?

The deputy prime minister of Greece has admitted that the new taxes needed to rescue Greece from bankruptcy within two weeks are not feasible. The European Central Bank will not give Greece any additional loans without implementing a fiscally responsible … Continue reading

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