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Tuesday, July 3, 2012

Regulatory Arbitrage

Derivative solutions..pensions, gold, jp morgan and italy's currency swap...1999(?) italy accepted into EU by fooling regulators Goldman Sachs and Greece similar thing...largest sovereign derivative deal in world history...and off balance sheet loan...very expensive form of borrowing for a country...not unlike and Goldmans earned billions on that deal...Big global investment banks eager to lend to desperate governments...greece would borrow on Germany and so on and so on....the Olympic games EUphoria...reminded me on 1984 LA Olympics.....Reagan Inspired showbusiness and nothing more (the man whose first act in the hite House was to rip down the solar panels on the roof...THAT is bullying on darth vader level...but the majority of the american people have been turned into a swirl of rats.......governments pretend to keep public finances in order and their partners pretend to believe them...it's what goes on everywhere...thats why a mental sort of emergency exit is needed so people dont panic, and kill one another....

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