Monday, August 8, 2011

Governor Kasich Explains How He Did It...Ohio Credit Rating Upgraded

August 8, 2011

We are in Deep Kimchi

Who Made Nearly a $1 Billion Bet on U.S. Debt Downgrade?

“There are mounting rumours that investor George Soros, 80, famously known as ‘the man who broke the Bank of England’, could be involved."

August 8, 2011
The Blaze

In the first trading day following S&P’s announcement that the U.S. government credit rating would go from Triple-A down to AA+, U.S. stocks have sharply declined and investors are scrambling to rid themselves of risky assets. With Wall Street in disarray, one investor is smiling after having walked away from the crisis possibly 10 billion dollars richer. ETF Daily News reports that the investor bet on the downgrade, and is now heavily benefiting from it:

“Someone dropped a bomb on the bond market Thursday – a $1 billion Armageddon trade betting the United States will lose its AAA credit rating. In one moment, an invisible trader placed a single trade that moved the most liquid debt market in the world. The massive trade wasn’t placed in bonds themselves; it was placed in the futures market. The trade was for block trades of 5,370 10-year Treasury futures executed at 124-03 and 3,100 Treasury bond futures executed at 125-01.” Read More

Bankers Launch Next Leg Of Planned Economic Collapse

"Obama campaign blames the very people who sounded the alarm bell on the economy for the debt downgrade"

August 8, 2011
Prison Planet.com

The next leg of the planned economic collapse has now been launched with the stock market once again plunging as the Federal Reserve prepares to launch QE3, and it’s all part of the transfer of wealth from America to the offshore elite that we have been warning about for years.

As we highlighted over two years ago, shortly before Barack Obama declared the recession to be over and the stock market was artificially inflated once more, we warned that the next phase of the financial pillaging would bring about a “sucker’s rally,” with investors believing the hype about a non-existent “recovery” and ploughing all their money back into the system, only to see the rug pulled out from under their feet for a second time. Read More