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  • Jeff Nielson 
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  Jeff Nielson 

  

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  Jeff Nielson is from Canada and is a writer/editor for Bullion Bulls Canada (http://www.bullionbullscanada.com/#content). He has a personal background in law and economics. Bullion Bulls Canada provides general macro-economic and political commentary, since the precious metals markets are among... More

  • Company: Bullion Bulls Canada
  • Blog: bullionbullscanada.com/#content

  
  This is precisely what I wrote about in "WHO Were the WINNERS on Interest-rate Swaps?" (www.bullionbullscanada...).
  
  While Wall St knew that its MAIN Ponzi-scheme, built on the U.S. housing-bubble would ultimately collapse in spectacular fashion, they were busy creating a trillion-dollar "insurance policy" for themselves, through all these interest-rate swaps.
  
  If interest rates FELL significantly, the towns, cities, schools, and hospitals who held these swaps would suffer HUGE losses - meaning huge GAINS for the banksters.
  
  Since Wall Street already KNEW that the collapse in the housing bubble would take interest rates down close to zero, these weren't "contracts", or even "bets". They were simply "scams".

  2009 Nov 19 04:01 PM Reply