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Old 04-18-2009, 05:44 AM
Julio E. Sune, Jr. (FL)'s Avatar
Julio E. Sune, Jr. (FL) Julio E. Sune, Jr. (FL) is offline
 
Join Date: Jan 2002
Location: Miami, Florida
State: Florida
Professional Status: Certified Residential Appraiser
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Angry Banks: The "Currency Swap" Games

http://www.marketskeptics.com/2009/0...-to-boost.html

Lesson learned from the financial crisis

[The truth of this world is that those, who, through stupidity, greed, and fraud, dig themselves into a hole, will keep digging deeper until they hit bedrock and run out of options. This is what happened with Bernard Madoff: he must have known for years his ponzi scheme was doomed to collapse, but he kept it going until he was down to his last 140 million. The United States, like Bernard Madoff, has for years been digging itself into a hole, and the fed's use of currency swaps to boost the dollar is the final part of this process. Unfortunately, the US, like Madoff, is about to hit bedrock.]
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