COMMODITIES & CURRENCIES Predictions-July.12.11

CR Daily News Prediction© COMMODITIES & CURRENCIES (predicted on – July 12, 2011 in the – CR News Reports© MEMBERS subscription)

Predictions from Higher Intelligence:

“All the experts and talking heads have no idea what will happen if Greece and others are allowed to default. Other than the threat of default we see a bigger problem. We predict that a greater problem will be credit default swaps that raise their ugly heads. These CDS’s are unregulated, uncontrolled and uncollateralized. Anybody can buy them, sell them or trade them without any rules or regulations. CDS is credit default insurance that banks, pension funds, insurance companies and hedge funds all buy in case of a default. Or, what Central Banks call a credit problem. If a credit problem should occur nobody really knows who owns these credit default swaps until they are needed in the event of a default.”

continue predictions. . .

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