All critical indicators are signally another and bigger financial crash in late 2015 or 2016. Secondly to Thoms comments is what is happening to Argentina with their debt crisis. It is now being exploited by venture capitalists from the US for their personal profit over Argentinas national need of international credit assistance. Much of the debt Argentina accumulated was at the hands of Americas huge banks manipulating their bonds with toxic derivatives they sold them. What is fearful is that many of these same venture capitalists hold huge sums of American bonds. A lot of these bonds still hold toxic mortgage backed derivatives that was used to save FANNY-MAY and FREDDY-MAC when they were caught with them and unable to unload them. Should the Republicans fail to raise the credit limit (debt ceiling) of the nation, as they are now threatening to do next year, then we will also default on our bond debt and these venture capitalist could also sue America for full payment, as they have against Argentina and won. How do they profit, by taking over all government property and other assets, like Congress, then selling to the highest bidder. Think about that. It is what is happening in Argentina as that government is about to collapse in the same way. BTW: Argentinas government and corruption is also at fault here.
Posted on: Sat, 04 Oct 2014 22:17:18 +0000