Re: Very soon, within 2 weeks after the swearing
in , there will be another collapse of the bail out- or some event
I hav ebeen in finace for 20+ years, I never could figure out how the government could rum its bank book any different than us
Just a bigger Credit card
There is something ingenious about us, the Maddoff ponzi country, if we default we will not go alone
China and Japan, and other foreign banking will go down
We pulled this same thing wiwth Japan when there inflated yen bout lots of really prime commerciaal propert, mid 70's, and then we had a real estate bubble burst they sold it back to other interests (US?) and took a lose
We have always been squirrely