Will our government get its act together and do the right thing? Or will they continue to mess around and devastate our country?
via ** Genesis Plan Now Known Workable ** – The Market Ticker
Now for the last year we have been told that:
- You can’t trigger the CDS, it will cause a systemic, chain-reaction style nuclear meltdown.
- These firms are so broke that there is no value left in them.
Both are now known to be false.
This gives us hope – and a path out of the darkness.
[. . .]
The short version of The Genesis Plan is:
- Everyone must expose their balance sheet; all Level 2 and 3 assets must be declared and all models disclosed in full immediately and every quarter hereafter.
- The CDS monster must be caged by forcing it onto an exchange where O/I and margin supervision can be maintained. This is already in process and must be completed.
- Leverage must be returned to no more than 12:1 across the system – no exceptions.
The last point is obvious – every firm that has detonated has had leverage well beyond 12:1. None that have had less leverage have blown up. Game, set, match.
Recent Comments