Posts Tagged ‘credit’

Who ‘Made $10 Billion on 10/1 Bet That U.S. Credit Rating Would be Downgraded’?

Tuesday, 09 August 2011 09:08

‘A mystery investor or hedge fund reportedly made a bet of almost $1billion at odds of 10/1 last month that the U.S. would lose its AAA credit rating.

Now questions are being asked of whether the trader had inside information before placing the $850million bet in the futures market, or if the bet happened at all. There were mounting rumours that investor George Soros, 80, famously known as ‘the man who broke the Bank of England’, could be involved.’

Read more: Who ‘Made $10 Billion on 10/1 Bet That U.S. Credit Rating Would be Downgraded’?

Categories: Conspiracy Tags: , , , ,

Woman Hasn’t Used Money Or Credit in 15 Years

Categories: Global news Tags: , ,

Bankers Built Private Empires on Public Credit

Wednesday, 06 July 2011 10:40

‘As you have a doctorate degree in economics from a great university I will touch as lightly as my verbosity allows on facts accepted by economic “science” and proceed to occult aspects of Central Banking.

Since the division of labor is the key to all human achievement and satisfaction, a system of exchange is crucial. Barter is hopelessly complicated. A command economy, in which each does and receives what he is told, is also hopelessly cumbersome and fails to take advantage of individual initiative, ability, and concrete knowledge.

A medium of exchange, money, is the obvious solution. (Even our highly centralized economies on the socialist model now enthusiastically embrace money as an indispensable simplifying tool in their economic planning.)’

Read more: Bankers Built Private Empires on Public Credit