Posted on 07/29/2009 10:01:27 PM PDT by MHGinTN
It is the fractional which made the derivatives so dangerous once the collaterals had to be marked to market. The monetary system is a complete fiction, back up by ‘the full faith and credit of the United States Of America’ or government. Somewhere someone holding trillions of our debt is going to demand real collateral, and the federally held lands with resources will be transferred to the ‘lenders’. The Chinese are making ‘ingots’ of industrial metals as fast as they can roll them out, because they know a crunch is coming where raw materials will be made scarce to enforce the new world monetary system. They hold too much of our debt to let their wealth be marginalized by the banking kingpins’ new money.
am listening!
Or if you’re not!
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