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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (54416)9/3/2009 4:15:11 PM
From: Gib Bogle2 Recommendations  Read Replies (1) | Respond to of 218843
 
You remind me of Humpty Dumpty in Alice in Wonderland.
"When I use a word," Humpty Dumpty said, in rather a scornful tone, "it means just what I choose it to mean—neither more nor less."



To: TobagoJack who wrote (54416)9/3/2009 5:09:17 PM
From: Secret_Agent_Man  Read Replies (1) | Respond to of 218843
 
Here's the latest from Benjamin Fulford. His sources are telling him the Federal Reserve will be declared bankrupt on Sept. 30th by the rest of the world. He's also the one who gave Rockefeller the ultimatum to stand down last year.

benjaminfulford.typepad.com

Chinese to destroy Feds by refusing to honor fraudulent derivatives contracts

The Chinese government has told Chinese companies they do not have to honor derivatives and commodity futures contracts made with Western financial institutions.

This is one of the most important of many nails in the coffin for the soon to implode Federal Reserve Board. The Chinese have every right to renege on those contracts because they were fraudulent. First of all the Feds manipulated the commodities markets to their benefit and to the detriment of the Chinese. They also allowed 100 times leverage thus allowing for astronomical ponzi schemes to be set up. Furthermore, they almost certainly did not properly explain the risks when they made their deals with the Chinese. Now that their attempt to rip off the Chinese is blowing up in their faces, these financial institutions will implode. This will set off a chain of events that will make the Lehman Brothers implosion seem like a storm in a tea cup. The total amount of derivatives contracts outstanding is now over $5000 trillion or 100 times world GDP. In other words it is just a giant illusion waiting to vanish along with the institutions that peddled it.