Putin has had his time, the Russians have moved on. The crystal ball is glowing red hot, How is China going to join the forces of the East, they only have one boat. And South America ;Realy; Sounds like something that belongs in a book.

continued

researching/the greece bond-rate[over 100%]
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=114x90512

the value..of a note with..12 months to maturity
that has a yield of 108%..is currently selling..for somewhere around 42 cents..on the dollar.

If the yield..on the 1 year
started at around 10% and it's now over 100%
mean's this bond..is trading at less
then 10 cents on the dollar..or thereabouts?

Who would pay 42 cents on the dollar..for Greek debt
that's probably headed for default..in days or even hours?

[reply]..no, it doesn't.

If similar US paper..was sold at a 10% yield..then it would price just above $900 per bond...If it went to a 50% yield..the bonds would be bid down to about $667.

Here's a bond calculator..that will bear this out;

http://www.moneychimp.com/calculator/bond_yield_calculator.htm

Make sure the "Par Value"..field reads "1000".
In the "Coupon" field type "0" (zero)
and in the "Years to Maturity" field type "1" (one)

In the.."Current Price" field,
type.."480"..and you'll find the yield..will work/out
to/be..around 108%

9.Very interesting.
Thanks,..I ran it..through on the calculator.

Ok so basically
It's double..or nothing.

I can't believe anyone..would take that bet
with Greece..on the verge of default.

I'd want odds of at least 5 or 10 to 1.

At 2 to 1 odds
I might as well go to Vega.. and bet on black.

At least my odds are 50/50.

Maybe investors..are betting that..in the event of a default
the bond holder..will only take a 50% haircut..and they'll be even.

Either the German central bank..will step in,the US Federal Reserve will do something,..England will back-stop them.....""[with 3/4 trillion pounds]

the 50% haircut..is a possible alternative...That would mean instead of these being redeemed at par,..they are redeemed at half that.

In that case,had you bought some of these notes..at 42% or 48% of par or whatever,..you would still come/out..ahead,..albeit by only a few percentage points,..not by 108.

To briefly expand/on..that idea,..those
that are buying..these up..at that big yield will do fine...[lol]

Those..that paid much more..for them
will lose....[your pension trustees]

source/for the article..and the graf:

http://www.bloomberg.com/apps/quote?ticker=GGGB1YR:IND
Yield on Greek..one year tops 130%

now..138%
http://www.bloomberg.com/apps/quote?ticker=GGGB1YR:IND

C'mon, Arjay. Occasionally - just occasionally - 'fess up and accept that your sources are somewhat less than impeccable. If ever there was a need for such an admission, this surely would be it.

>>Pericles ,your attempt at derision is poor to say the least.First Robert tries to defame Gen Wesley Clark and now you are trying to do a job on Major General Stubblebine.<<

I merely pointed out that calling upon the good General to boost your credibility may not have been the smartest move, given his history and his current utterings. You probably don't appreciate just how little he adds stature to your bizarre claims of a 9/11 CIA/elite bankster/government conspiracy.

It's like you're standing in a courtroom, the judge asks you to call your next witness, and you proudly announce "Your Honour, I'd like at this juncture to call... Homer Simpson".

"But Counsellor, Homer Simpson is a cartoon character. A very well-known cartoon character, the Court acknowledges, but a cartoon character nonetheless"

"My witness will show beyond reasonable doubt, that the US Government is conspiring with the BMIC against its own citizenry, in order to fill the pockets of the Rockefellers and Rothschilds..."

"The BMIC, counsellor? What is that?"

"The Banking Military Industrial Complex, Your Honour. I shall later be calling another witness who will explain their role to the Court."

"And that witness will be... Scooby-Doo, right?"

"That's right, Your Honour..."

Keep 'em coming, Arjay. This is priceless stuff.

Pericles,The BMIC could also be Banking Military Industrial Counterfeiters.They create all the Big MIC-KEY Mouse money with the click of a Mouse or a touch of a computer KEY.They own you Pericles just like everyone else in the West and you are doing their bidding.

OUG they just don't want to believe it.

579, Putin has been a good counter balance to Western Imperialism.We need him but not too hawkish.

*They own you Pericles just like everyone else in the West*

Sheesh Arjay, now you have me confused. As it happens I own some
bank shares and they send me dividend cheques every 6 months.

So does that make me one of the evil bankster owners or does that
make me a poor slave who is now apparently owned?

Hmmmm. I might have been wrong about Scooby-doo, Arjay.

>>Pericles,The BMIC could also be Banking Military Industrial Counterfeiters.They create all the Big MIC-KEY Mouse money with the click of a Mouse or a touch of a computer KEY<<

He would have made much more sense.

So (and I know I've asked you this before) where are these people? What do they do with the money, once they have created it? Because there's no point just printing it and sitting on it - what use would that be? Where did it come from, and where did it go?

It's called "follow the money", Arjay, and if you bothered to do just that - and only that - you would quickly realize that you haven't the first clue about anything financial at all.

>>They own you Pericles just like everyone else in the West and you are doing their bidding.<<

Not really. I think they may have forgotten me. No-one has said "do my bidding, for I own you". Which is a shame, because I have my answer to them all prepared and ready.

But since they have obviously called on you, you've got me all curious - what exactly did they ask you to do?

And if by any chance it involves alien spaceships and anal probes, I'm afraid I'm going to need all the details.