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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 382.87

-0.8%

Nov 13 4:00 PM EST

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To: Golconda who wrote (63999)	5/31/2010 8:34:26 AM
From: Haim R. Branisteanu	Read Replies (2) of 217753

G - it does not matter my point is that restructuring sovereign debt of Greece or Portugal NOW it will serve no constructive purpose except enriching the likes of Hugh Hendry, Soros , Weiner GS, MS, C and the list goes on. The PIIGS are taking corrective measure to lower their budget deficits as opposed to the US for which merry days of debasing the USD and more borrowing are going on. Let the abrasive speculators loose some $$$ and then their appetite will diminish as will their ability of launching another assault on another sovereign country. As the US is in no much better shape than Spain - just imagine the horrendous damage those speculators could inflict on the world economy and destabilizing the world financial and banking system. Some times is better to think of the consequences of your wish. Would you like to go back to the days when everything was ordered by decree? Like the freedom to own precious metals for example? en.wikipedia.org IN principle there is nothing wrong when the markets force countries to take austerity measures if their budgetary spending are out of whack, but it is a complete different matter when a country takes the right steps in correcting the spending ways and tries ot recover from the spending binge. Therefore in the US they legislated Chapter 11 – so the creditors cannot go for the kill of a corporation and give the company a chance to recover. Hendry in his appearances wants to go for the “kill” for the sole purpose to enrich himself and his investors and this is extremely selfish and is a bit too much IMHO - as at the end the IMF will need to foot the bill and those are yours and my tax money

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