Cliff Küle's Notes:

Cliff Küle's Notes Reflections on our world & its money (The Great Confidence Game)

Apr 21st 2013, 00:00 Will The U.S. Be Cyprused? "What Federal Reserve Governor Jeremy Stein is saying is that the potential losses are so large, and he is referring to the more than one quadrillion dollars in legacy over-the-counter market for derivatives, that nobody could create that much money .. So what's pending now is so large, and these statements from Stein are confirmation that Cyprus is in fact the blueprint in the United States for coming financial failures .. It's the legacy over-the-counter derivatives that are coming in for some adjustment that can't be made .. the U.S. is going to get Cyprused. They have now manufactured a situation right here at this point in time where it is almost impossible to save yourself." - James Sinclair link here to the article

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