U.S. Bank Default Swaps Increase

U.S. Bank Default Swaps Increase

There are 1 comment on the Bloomberg story from Nov 9, 2011, titled U.S. Bank Default Swaps Increase. In it, Bloomberg reports that:

Credit-default swaps on the biggest U.S. banks climbed as yields for Italy , the world's third biggest sovereign borrower, rose to euro era records and stoked concern that Europe's fiscal crisis is accelerating.

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Jesse

Bronx, NY

#1 Nov 9, 2011
This is all orchestrated bullsh!t. They are in the process of implementing a cashless money system in which all currency will be backed solely by belief in their power. In order to accomplish this, they need to destroy the current banking model and replace it with its totally artificial successor. Money no longer has any real consensus value - only hype.

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