Be prepared for the next great transfer of wealth. Buy physical silver and storable food. from SRSRocco Report Get your money out of the bond market. Once the default-contagion starts, it will spread faster than the bubonic plague which caused the Black Death in the 14th century. I just got off the phone this morning with a source in NYC who confirmed that several Wall Streeters he knows all believe a far bigger “Long Term Capital” collapse triggered by derivatives defaults could occur at any time. Long Term Capital, for those of you who are unaware, was the infamous hedge fund run by an ex-Salomon Brothers bond “guru.” He assembled a Dream Team of Nobel Prize Winning professors who claimed to have figured out how to produce “alpha” (excess returns) without any “beta” (systematic risk).
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Read more about FSN: Must Watch: How Derivatives Will Trigger A Bond Market Melt-Down (Part 1)
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