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Monday, July 30, 2012

History Says This Cannot Last Forever


The spin and MOPE cannot change the following reality:
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After "Rise of China" the big banks have created 700 trillion US dollar unregulated financial betting’s (OTC (Over The Counter) derivatives). The main part is interest bettings (in order to reduce the interest rates so governments and banks do not go broke), and they have put long interest rates in US, Germany and Japan to unrealistic and uneconomical levels. The OTC derivatives are under water and cannot be settled without the big banks all over the world are going broke.
Capital flight from countries in distress is funding creditor states at zero rates. “This can’t go on for long".

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