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Old 03-24-2012, 12:03 AM   #765
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Default Re: Financial clusterfuck in Europe

what's that coming over the hill, is it a monster...? is it a monster...?

http://www.golemxiv.co.uk/2012/03/th...#comment-16414

Quote:
The ECB swallowed the market


Around a black hole there is what is called an event horizon. It is the point beyond which you can no longer turn back. In Hollywood films the event is often made rather dramatic with lots of shaking and sirens, as if it was like the lip of an approaching waterfall. It isn’t. In reality there would be nothing to mark it, no sign or apparent change. The Event Horizon would be hard to notice, much like a Tsunami out at sea. Just a small ripple you might not notice until it was passed.

And so it is in debt as well. In even quite large quantities debt can be fairly harmless. But beyond a certain accumulated mass it changes. There is now, I think, enough debt in the Fed, the Bank of Japan and the ECB that each of them is in the process of becoming a debt black hole. That is, the debt in them is so massive that it is gravitational, sucking at any and all of the debt and finance around it pulling more and more in to itself.
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why are you so seriously
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