Wednesday, May 30, 2012

Hamster to play Jamie Dimon in the movie "Up Against The Wall St"

Swiss Debt Is Now Repaying Itself

This is a very bad thing, funds are so scared that they are willing to pay a premium to ensure they are holding an instrument that they feel will still be worth something between now and 2 years time.

From Zerohedge.com

Original source

The Swiss National Bank may have pegged the EURCHF (and as noted earlier, is progressively accumulating losses defending the barrier - even as EURCHF options are leaning further and further towards the peg breaking), but what about its bonds? At the current rate, Swiss debt, which is quite negative, with 2 year bonds now trading at record NEGATIVE rates, will repay itself quietly in a few short decades: ahhh the benefits of compounding. And for an example of how this is done, hours ago, the government issued debt at a rate of 0.62%. Oh sorry, we forgot the negative sign.


John Butler on the Dollar Liability and Gold's role as the Insurance

May 29, 2012 by

SBSS 32. The Largest Transfer Of Wealth

May 29, 2012 by

Keiser Report: Asymmetric Accounting

May 29, 2012 by

In this episode, Max Keiser and co-host, Stacy Herbert, discuss 'asymmetric accounting,' flatulent dark market clubs in austerity London and the $72 trillion claim against Limewire, while President Obama settles for $26 billion for widescale, systemic mortgage fraud. In the second half of the show Max talks to Jan Skoyles of TheRealAsset.co.uk about her campaign to Buy Britain's Gold Back.