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05:20 PM
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For the eurozone, the worst is yet to come
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[quote:Anonymous Coward 16761288:MV8xODgwNzU2XzMxNDAzNjk0XzkzQ0ZBODdC] What do you want to bet they (governments) are placing their monies in FDIC using the SWIFT transfer system that Merrill Lynch and Bank of America are using to protect their Global assets. By doing so, foreign monies will be backed by the US dollar thereby dumping the losers on insured institutions and the safety net will be US taxpayers. We are aiding and abetting known criminals of the financial world. Here’s an article from last year to better understand Merrill Lynch’s derivatives in the uninsured realm of costly high finance. http://www.bloomberg.com/news/print/2011-10-18/bofa-said-to-split-regulators-over-moving-merrill-derivatives-to-bank-unit.html [/quote]
Original Message
[
link to www.telegraph.co.uk
]
when you read mainstream articles like this, we must be really close to SHTF!
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