If the list of defaults – full and partial – gets to nine, then a mass transfer of money will take place from unsuspecting investors around the world into the banking system. How much? Nobody knows, but it’s many trillions.
But for the banks, it’s happy days. Suddenly, when the ninth reference entity tips over, they will be flooded with capital. It’s possible they will have so much new capital, they won’t know what to do with it.
Cid_Yama wrote:How much does GM and Ford being on the list have to do with the strong push not to bail them out? The banks need them to fail to collect.
Cid_Yama wrote:The point was, this is probably what all this "keeping it all going" is all about. Til now it seemed this was just putting off the inevitable. Seems there is one last big scam waiting to be triggered that will transfer the last of the planet's wealth to the elite.
Zardoz wrote:Cid_Yama wrote:How much does GM and Ford being on the list have to do with the strong push not to bail them out? The banks need them to fail to collect.
Oh...my...God.
You're onto something here, Cid.
Cid_Yama wrote:Zardoz wrote:Cid_Yama wrote:How much does GM and Ford being on the list have to do with the strong push not to bail them out? The banks need them to fail to collect.
Oh...my...God.
You're onto something here, Cid.
I think so, too. all the pieces fit together just too damn well for it all to be a coincidence.
Of course, it also means they knew back when they were designing these things, just what the outcome would be.
Cid_Yama wrote:Look at that list, and tell me they weren't aware that these companies were set for a fall. They hit nearly all of them.
They didn't need to know all the permutations, they just needed to know the big picture and who the big players were.
That's the difference between top-down thinkers and bottom-up thinkers.
Bottom-up thinkers think everything is hidden in the gazillion details, top-downers see the big picture and don't need the details to see the trend.
lt also, doesn't mean they are not aware that the failing of GM and Ford is in their best interests and are acting in a consistent manner.
Just because you can't collect every last penny doesn't mean there isn't great profit and power to be accrued.
They've destroyed the system several times over the last 200 years, and that certain few profited greatly every time.
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