Tuesday, June 24, 2008

CD'S

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Credit Default Swaps (CD's) are defined as:
1) Without regulation
2) Without listing on public exchanges
3) Without standards
4) Not transparent
5) No open market exists
6) Dealt in private negotiations
7) No clearinghouse
8) Unfunded without financial guarantees
9) Evaluated by computer assumptions only

Notional value? TENS OF TRILLIONS...oh and by the way....these "contracts" are written by and for hedge funds to insure against non performing debt........

We don't think so.....these phony synthetic pieces of paper are all worthless!

STAY AWAY FROM FINANCIALS

World population will reach seven billion in 2012 verses 6.7 billion today.....that is equal to another population the size of the USA. Focus on infrastructure

FOOD ENERGY ELECTRICITY STEEL COAL NAT GAS

Danny Boy seen here is a front seat driver, he avoids derivatives and anything related to it.