To: Wyatt's Torch
$1 Quadrillion in OTC Derivatives is beginning to detonate (see JP Morgan).
This catastrophe in the making will take your IRA, 401K, and Pension from you.
It will increase the cost of your basic neccessities (gas, food, shelter) exponentially over the next couple years.
The bond market has about a month or so? May a couple more at the most?
The left sees this as a good thing. Think about that a minute. World economic destruction, and they're celebrating it?
To: concerned about politics
What derivatives (specifically) and where at JPM? Who is the counterparty?
posted on 01/22/2013 11:31:35 AM PST
by Wyatt's Torch
(I can explain it to you. I can't understand it for you.)
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