Countries need to fund their debts, which have been inflated by hedging and derivatives.
It's a bit of a confidence game.
Especially when Hedge Man has taken out a position on a country failing.
If the country fails, Hedge Man makes money.
The problem is that the rumours Hedge Man starts scare the 'real' markets, making debt more expensive to pay off. Also, the insurance for loans is run on the hedge market.
Ya, I know it sounds stupid, but it's true. All they gotta say is 'BOO', and the price goes up.
I don't know why
some hedge-guy pulling his peter in the corner
is being allowed to affect real markets and real countries.
some hedge-guy pulling his peter in the corner
is being allowed to affect real markets and real countries.
Anyway, Hedge Man can kill off healthy companies.
(see stockshockmovie.com)
Now, he's decided to take on whole countries.
And I don't mean basket case Third-World countries,
but advanced, European basket cases, like Greece.
While hedgers deal in rumours which they seem to use, at will, to spook markets, no one seems to want to do a wire tap. There's gotta be something legally or morally wrong with destroying markets. Hedge Man needs to be hauled up in front of a judge for fraud.
Anyway, Hedge Man is making a whole country into a football. Maybe this will be the big event which will cause the powerful EU countries to finally round these Hedging wankers up and wind up their shell game. If they don't, it'll be one of those 'they came for the Jews ...' stories.
If Hedge Man starts eating up the small Euro countries, he'll go for Ireland, and no Clinton's gonna save the beloved Emerald Isle then.
UPDATE: according to the BBC, the hedgers are starting rumours about a hung parliament
checkitout: littlesis.org(no majority party) after the next election, in May.
and using it to hedge against the mighty pound.
So, with Cameron's Conservatives (among the others)
having his election funded by these Hedge boys,
I ask: Who's in charge, over here?
-Costick67 (8^Pand using it to hedge against the mighty pound.
So, with Cameron's Conservatives (among the others)
having his election funded by these Hedge boys,
I ask: Who's in charge, over here?
foto from fotosearch.com