benny just blinked, page-41

".? Do the bond holders take a bath"


Yep, but again, it's the customers who really take it in the neck.

How much pension do people get paid after this mess? Answer, Looks like way under 10% of what is owed.


The writing is on the wall - Europe goes bust - bank deposits WILL be taken, Detroit goes bust - pensions and bills just don't get paid.


As this spreads, the wealth is removed from people - right at basic level.

No matter how strong your bank is, if your government fails, they will take your money..

Money in the bank or money owing or not in your possession is at huge risk.

Gold in the backyard may not pay interest, but it is bloody hard to find. How long is it before they try and take it again? :)


For a lot of the planet - Cyprus and Detroit, here we come.


Pinto