Welcome To The Gold Reserve HUB On AGORACOM

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Message: Mutual fund holds and trades?

I am in the debt business. I turn around companies.

Fact. Ortega has no budget.

Fact. Sanz has no budget and has to beg Rusoro for the latest payouts.

Fact. Vz' total debt is close to $70 billion.

Fact. Vz' reserves are $25 billion.

Fact. The Vz population is shrinking.

Fact. The miners are rebelling because Vz cannot pay or do you think that Sanz is playing this game of chicken with the miners becasue he is loaded with cash?

These are all facts not economic statistics that come from anywhere.

Owing $70 billion with reserves of $25 billion means you are broke. This btw is the typical mentality of the American consumer. They owe three times what they have in reserves and assume everything is fine. Is it? I don't think so.







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