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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 389.75+0.5%Dec 1 4:00 PM EST

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To: elmatador who wrote (47894)3/28/2009 1:13:20 AM
From: Haim R. Branisteanu1 Recommendation  Read Replies (2) of 218133
 
for a change Lula and Czech acting Prime Minister Mirek Topolanek are correct. Unfortunate the Obama administration with Geithner as the front man are the biggest white collar criminals the world has known.

They are systematically embezzling the savings of people the world over by abusing the international status of the USD as a currency which is backed by pure military power. At fist it was done with WS outfits some of which went under (LEH is a good example people all over the world lost over $300 billion in structured investments).

Now it is the US Treasury and the US FED fulfilling the same role of thieves and swindlers with US Congressional support

Last year I wondered why Warren Buffet was supporting Obama as where Soros, most GS senior partners and other very well to do US citizen - now I know and I think it is clear to all.

Yes people voted for CHANGE and the CHANGE has come in legitimizing white collar crime, cover up of corruption and indirect bribes. AIG bonuses scandal is nothing more than a proverbial "FIG LEAF"

I also want to buy "toxic assets / mortgages" at 40% or more discount with the government insuring 85% of the purchase price!!

Unfortunate I am excluded from this "exclusive club" as are almost ALL US citizen

The upside is 400% the downside is the price of a long term call option - around 10% - after all it is a "reverse CDS"
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