Monday, August 16, 2010


Just one article in many warning that fake assets and real liabilities will be a cause of financial problems, "soon".

The article makes the point that no one, especially USA legislators, understands the implications as the size of the derivatives mess is so colossal!

I say it is easy: nothing that is in your possession will be affected badly. But anything on paper, a promise of rewards to come, probably no longer exists in the real or any other world. All promises from nice happy pleasant smart people who have made millions for you will ever be honoured. So sad. Shares, bonds insurance policies, streams of income: all gone "soon".

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