Derivatives Deleveraging, Debt Deflation, Gold and Bailout II
with the attendees, helping themselves to the free food...
But it won't work. Ultimately, even if they came up with a $1 trillion program, all it would do is buy time. I mentioned that there is $1000 trillion of various leveraged markets deleveraging, and putting up 1 trillion against that just won't work.Full article.
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