Sunday, November 27, 2011

I've mentioned this before

financial troubles are a comin . . . Greece, Italy, the Euro, derivatives. Any bets? Look for BIG problems come summer 2012. It will re-elect Obama because none of the clowns have any clue about the world financial issues. Particularly the Mitt & the Newt, and the powers that be know this.  Consider there are between $250T & $707T in derivatives (greater than the GDP of the entire world) for which there is no market. If they 'marked-to-market' rather than 'mark-to-myth' the world's banking system would be gone.

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