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FSN: In The News Today 09.Dec.2012
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
by Jim Sinclair
JSMineset
The True Level And Effect Of The Real Debt
To the amazement of the young turks and talking heads of Wall Street, economic law has not been repealed. When misuse of finance to the extreme (OTC derivative fraud) and exotic tactics are used to pretend solvency of financial entity balance sheets, the result will be not in terms of phony figures MSM doses daily to the sheeple, but rather in direct relationship to the degree of the true number in the insolvent categories of finance. The true number of OTC derivatives is above one quadrillion dollars as measured by the BIS before they cut the number in half by changing their computer program to value to maturity (which assumes all pay off, yet few will). The conclusion based on economic law is that we have not seen anything yet. The balance sheets must balance and to accomplish that assets must equal liabilities. That is the foundational fact of what I have just told you. In time they will but the process is going to be Mayan calendar event of sorts.
Continue Reading at JSMineset.com…
2012-12-09 14:03:21
Source: http://silveristhenew.com/2012/12/09/in-the-news-today-09-dec-2012/
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