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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 375.93-1.8%Nov 14 4:00 PM EST
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To: Haim R. Branisteanu who wrote (86243)1/24/2012 2:09:50 AM
From: TobagoJack  Read Replies (1) of 217815
 
not so much a warning but a headsup, i got below on messaging system, and i quote

Per xxxxxxxxx - part of the business elite here -his father is worth $900mm and xxxxxxxxx himself has done well

in France, italy and all of europe there is a difference in asset allocation

among rich:
80% real estate
20% cash and gold
of which 5% is equity and bonds -- for spec

SO equity falls in Europe Mean NOTHING to them

xxxxxxxxx talked to the finance minister over the weekend.

The real question is the new italian president made a phone call 2 weeks ago to:
berlosconi, ,,,,,,,and four other Italian billionaires who control Italian onshore and offshore business. THey had shuffled it all offshore.

HE wants $100 billion to come back into the country: $20-30 billion each

if not they are going to be targeted --in a variety of ways

this money would at best keep them out of the recession

French finance minister now privately says Greece is toast and will default.....

the key is stopping Italy from going down

so ramifications: wait and see if berlusconi pays up, if not -- trouble

all these rich go for 3-4 weeks skiing each year.

should know in 3-4 weeks

end quote
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