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  1. Aaron Sice

    World Bank's crisis warning

    but it's by default. for examples, FNM and FMC were natioanlised by the US Fed and were buying all the toxic assets from the other banks. that means that the govt now control the debt over that security, and considering a lot of folk went bankrupt and/or handed back their keys, the govt...
  2. Aaron Sice

    World Bank's crisis warning

    this nationalisation of banks points to a nationalisation of private money and, by default, the debts they hold. i see a current nationalisation of the money supply and underlying land with mortgages. we will see a commodities boom now (like the housing boom) followed by a spectacular...
  3. Aaron Sice

    World Bank's crisis warning

    the first gfc here were were reasonably insulated, despite those like non recourse etc saying it was the end of days. this one, i dont know. i really dont. the AUD has been unofficially declared a safe haven by larger hedge funds,which means assets priced in AUD may fare quite well. on the...
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