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Old June 14th, 2012, 09:53 PM   #1
gofastbobby
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Default The Euro is done?

Put on your tinfoil hats before entering.

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America! Fuck yeah!
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Old June 15th, 2012, 07:27 AM   #2
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File under no shit.

Guess who has 70% exposure to the euro failure. The 5 largest US banks.

Dollar next.
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Old June 15th, 2012, 11:04 AM   #3
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This could and quite possibly affect the US dollar. Lets hope that Obama does not offer to bail them out with our tax dollars.

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Old June 15th, 2012, 01:15 PM   #4
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This could and quite possibly affect the US dollar. Lets hope that Obama does not offer to bail them out with our tax dollars.

http://xfinity.comcast.net/articles/...cid=hero_media

The US banks are already exposed to the risk of European banks. As the Euro banks continue to fail in a true domino effect, the US banks will share in those losses. When the US banks take big losses and begin to fold themselves then the federal reserve will bail the US banks out. As we have already seen, they are considered to be "to big to fail". The Fed will do this by creating money out of thin air and they don't need permission from Obama or anyone else to do it.
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