Forum Post: Doubling Down in the Virtual Casino of Nowheresville
Posted 13 years ago on Nov. 1, 2011, 9:25 a.m. EST by MonetizingDiscontent
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Doubling down in the virtual casino of Nowheresville
http://maxkeiser.com/2011/11/01/doubling-down-in-the-virtual-casino-of-nowheresville/
(Max Keiser) U.S. banks increased sales of insurance against credit losses to holders of Greek, Portuguese, Irish, Spanish and Italian debt in the first half of 2011, boosting the risk of payouts in the event of defaults. (See Article below)
-Selling More Insurance on Europe Debt Raises Risk for U.S. Banks-
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Stacy Herbert: "Banks in the U.S. know the regulators that they own won't Ever declare a credit event. Even when Greek debt is marked down by 100%, it will NEVER be declared a default." (comment section of article)
http://maxkeiser.com/2011/11/01/doubling-down-in-the-virtual-casino-of-nowheresville/
anything that you do is a bet that your decision is going to be a good decision.
are you a gambler? you've been gambling all your life
America has evolved into a country of liars in a deep trance.
read more -- http://overthecoals.blogspot.com/
Speaking directly with all Americans is impossible. The "political correctness" trance can only be removed like a cancer if a few Americans review the possibility they might be in a trance. The budget deficit is one of many issues that prove the deep trance.