Haystack April 2012

[Rasta]

Bill Black: Our System Is So Flawed That Fraud Is Mathematically Guaranteed



Or mp3 audio file [58:28]

[bailouts4ever]

Hey, let's have a look into the ECB's balance sheet and check what the Portuguese banks and government has passed on the ECB as "collateral".

http://www.ecb.int/paym/coll/assets/htm ... 120427.txt

We all now that particularly government bonds are safe as can be...if you now take a look into the about the middle of the above document you will find a column called "PRICE SPECIFICATION". There is a set of bonds with a maturity date of December 31, 9999 - no joke - the year 9999. Issued by the Portuguese Central Government during WW2 these bonds have now been passed on to the ECB as collateral.

Bonds being paid by in 7987 years being accepted as collateral says everything about the Euro system.

Best greetings.

[Spruitje]

I have done a query on this file...

You will perform a query with the following selection:

Issuance Date to . . : 31/12/9999
Maturity Date to . . : 31/12/9999

There are "39385" eligible assets which meet your search criteria

To refine your query, please click the "Back"-button of your webbrowser.

Is it correct that there are 39.385 eligible assets with a maturity date of December 31, 9999 ????

[bailouts4ever]

Hm, what comes to mind is this:

[Rasta]

A new month! We continue in the Haystack May 2012