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AverageJoe

43,952 Posts.

1032

29/06/15

18:34

Post #: 15550642
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Originally posted by MilliBuster ↑

Hi Johnny,

I have no doubt that this circus event may appear amusing even entertaining to the goldbugs. You calling it a circus event does not detract from the severity of the situation even if there are big lenders who can afford a margin squeeze. But the fact is that the pigs are all intertwined in this and they cant afford a margin squeeze from debt going bad. Lenders require a ratio of assets to debt. Right now even as we speak Greek debt is still an asset. The Pigs will go down first. Next in line are France, the UK and Germany. Their drivers seats can probably afford them more button clicks at the printing press but there are institutions too who have lent money. They do not have a printing press. Now if you'll excuse me Im going to get some popcorn and hotdogs for the show.

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The Pigs will go down first. Next in line are France, the UK and Germany

Where does Oz fits in that sequence? By then I assume you also include China's economy is real phucked?
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