The biggest Ponzi scheme in the US is the US treasury bond. The US Fed was the biggest buyer of US treasuries (over 61% of purchases). How do you think this will end?
let's be WILDLY positive in our forecasts. lets take this thing to the extreme. if we get wacked [sic] on the ride down-who gives a shit. THE TIME TO GET RADICAL IS NOW. WE HAVE NOTHING TO LOSE.
Okay, the coast is clear. Everyone buy PIIGS debt to boost pensioon fund yield -or- Media assisted .gov dis(not "mis")information fails to stand up to arithmetic fact!
Portugal is near guaranteed to default/restructure, so why is everybody so tolerant of so-called "smart people" saying otherwise? OK, let's do this math thingy...
As Portugal gets jealous of Greece's ability to just not pay bills, insurance portfolios will suffer greatly as the FIRE sector burns! The first domino has fallen, yet the MSM is taking this as a non-event!
Greece defaults & if it works, what makes anyone with a thirdof a synapse think that Portugal/Ireland will NOT jump in line to stiff creditors? This is more the end of the beginning than the beginning of the end of the crisis.
Even With Back Dated Deals Featuring Only One Party, One Can't Escape Greece's Problem Shared By Much Of The EU. Let's look at some nasty consequences...
With all of the Goldman and sell side hype, as well as many other sources focusing on nearly meaningless metrics failing to capture high growth cos. value, I decided to update my report to reveal usable knowledge and info.
