also insurance against default was mandatory so I figured that there was little risk

I think my optimism/head in the sand was/is partly due to being duped in my early 20s by the doom sayers and buying into the collapse-mongers.

And when the insurance company defaults, then whose name is liable for all the debt? (yours! the government+banksters will even change the rules if necessary)



The longish video linked in my prior post explains that all of Europe has only sovereign debt as the Tier 1 capital which is backing everything from banking to insurance to derivatives.

The entire European economy will stop. Armstrong is predicting war.

You people are asleep at the wheel. You have no fucking clue how bad this is going to get and how radically Europe will change in 2016.

CoinCube you need to wake up from casual slumber. The biggest problem with real estate is that in a deflationary contagion, you can't sell it, and then you can't move. Moving is going to be critical to your future.

...

Speaking for myself, our daughter IS getting married, and if you don't think THAT takes time, well you ain't been there!  My time is often not my own...

*   *   *

In the continuing education of the OROBTC guy, I completed my latest assignment, posting a hashed document on the blockchain via a small outfit called bitproof.io.  Here is the blockchain transaction number placing the document (best viewed at blockchain.info):

f33e63974710ea830cb8d5126afbac14b1f5dd3ee3a4dc33cb9e4fba59697aaa

Curious people may want to look near the bottom to see the "OP_RETURN" output.  You can see something similar at coinsecrets.org as well.

I wanted to see what kinds of items could be hashed and put there on the blockchain.  So, I wrote up something with a picture, several links and a small table showing sales to customers (was on MS Excel):

https://docs.google.com/document/d/1M-vO0h0W_nLy-Z1Sz8xiYAhaCbmTMThL8FnW7hcoCkw/

*   *   *

Been preparing (slowly though) for years iamback.  Maybe for longer than you've been alive. 

Got Gunz? 

Together these are quite simply the most insightful piece of economic theory I have ever read.

...

The longish video linked in my prior post explains that all of Europe has only sovereign debt as the Tier 1 capital which is backing everything from banking to insurance to derivatives.

The entire European economy will stop. Armstrong is predicting war.

You people are asleep at the wheel. You have no fucking clue how bad this is going to get and how radically Europe will change in 2016.

...

Sovereign Debt Crisis on Steroids


QUESTION: Mr. Armstrong; First thank you so much for sharing with us your views of how the world really functions. While there are the typical conspiracy arguments, you are the only one with experience. My nephew works in a major top 10 bank. He told me everyone reads you on the trading desks and that you are correct. They cannot speak publicly. He said only you seem to have a grasp on the depth of the abyss we face. What he explained was that the bank reserves are not mark to market and you are correct that this is a major crisis which we face. Is the entire banking system propped up with sovereign debt that is just going to collapse in a major liquidity crisis?

ANSWER: Yes. I will be going over this in more detail at the Solution Conference. Unfortunately, the media does not report the real issues that underlay what we have called BIG BANG. The crux of the problem is always corrupt politicians. I have explained how they have transformed a private banking organization into a tool to support government debt. But the untold story is the quality of the bank reserves. This is why the Euro is collapsing.

Financial institutions must hold for their commitment in government bonds as reserves and there is no mark-to-market requirement because there is a political assumption that overrides real world economics. The securities of sovereign governments are valued as “risk-free”. So in other words, the bank reserves do not reflect actual market conditions. If the government defaults, well there goes the entire banking system.

In the Euro Debt Crisis is the classic example of the cliff we really face. Everything can honestly just vanish in the blink of an eye.

...

The Basel Committee on Banking Supervision, in the economically important countries has warned there is a problem here.

The immediate rules could lead to total banking chaos. This is also impacted by pension funds and insurance companies. All have “risk free” government bonds on their books.

This is so entwined, there is nothing else to call this but BIG BANG. Everything is connected. Absolutely everything. Tip one thing over and we have a total cascade failure. People can create AI models and pronounce to the world they will now use AI. The problem, it takes a database beyond what you can buy on the internet and then you have code that takes decades to write and perfect. This not some 3 month school project. We are in real trouble here.

Yes this is the place I grew up with the address 314. Guess it was symmetry.

USA Premier – A Surprise Event – LA & NYC in just weeks

here has been a surprise  turn of events. A distributor has stepped forward for the United States. The film will make its Oscar Run first with a showing for 3 screenings per day for 7 days. The dates will be:

March 27th at the  Laemmle Music Hall 3 in LA located at 9036 Wilshire Blvd.
Beverly Hills, CA 90211

April 3rd at the Cinema Village in New York. Here too, there will be 3 screenings per day for 7 days.

This will be their Oscar Run requirement for the United States. I wish them all the best. It took a lot of courage to make this film on their part no less get all the funding exclusively from Europe. European comments have been that this is like a political thriller. Indeed, when a film is about bankers manipulating governments at the highest levels, you really have to have guts to expose such schemes for the producers.

Congrats – You Did it!

How much economic theory have you read, I think that's an important piece of information for me to use to decide if I should:

A) Read any further, and
B) Put any credit into your opinion that this reading is valuable.

I await your response.

(CoinCube this is an example of how to be efficient. Don't waste your time (as coinits says, let them "jump fuckers"). You don't have much time remaining).