Stacy Summary: How long before Cameron and Osborne are following the script, “We will deal mercilessly with the speculators.” And after the UK, it’s France. But with respect to European nations, I mean, come on, Norway is on their list and not Switzerland?
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1st
As soon as you give in to the demands of the terrorist…. ( echo of Reagan/Bush)
Your country becomes the sausage casing that will be filled with the most toxic shit known to man.
These countries are simply a host for the cancer to feed until it’s all jelly .
well the trillion is gone in europe so time for the wolf pack to move on to britan.
We should have let the bastards hang when they were begging for a bailout.
Chundernuts you speak the Truth, but no, people would rather focus on immigration, cause that’s the real problem –
They have displaced their anxiety and transferred their rage to people even more vulnerable than they are! The coming Big bang is poetic justice but i don’t fancy the coming unrest, knowing the Brits they will have the wrong people in their sights! Unlike the Irish and Greeks!
I wish someone would explain who’s trading CDS’s to whom, and what “derisking” means, and what the significance is.
It would be nice if you placed primers about the financal world on theis site. Some of us did not grow up in high finance.
@bammbamm
Well here is my amateur understanding of CDS (credit default swap) if that helps:
In simple terms CDS is an insurance, in a way similar to what you and me buys for our car or house.
The Swap goes like this; a buyer makes a payment (or several) to a seller who in exchange gives the buyer a guarantee against default on an designated debt security the buyer have.
Debt security can be bonds, certificates of deposits, commercial papers, notes, bills and other stuff like that.
Note that the buyer of the swap do not need to own the debt security which is where all the speculation on a default in the market comes in, you and I need to own our car or house in order to buy insurance.
But there is another weird thing, the seller of the guarantee is not required to have the cash to pay out to the buyer if a default on the buyer’s debt security happens, I have no idea why people buys this thing when a guarantee is not a guarantee in the end and where you simply cannot trust a deal.
For the birds.
UK desserves the same debt rating as Cameroun.
The Britons could have made an Huge mistake with this ….
Europe tells Britain not to ask for help in a crisis http://www.telegraph.co.uk/news/worldnews/europe/eu/7711356/Europe-tells-Britain-not-to-ask-for-help-in-a-crisis.html
wow this is very scary ;(
There’s a great youtube video called Human Farming from a guy who runs freedomain radio. It’s worth sticking with it for Parts 1 and 2, he brieflyexplains how our governments/farm owners like to focus on immigration etc in order to deflect our focus away from the situation that they’ve managed to get us into.