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Message: Re: Argentina's Financial Meltdown - by Jamie Reubin

We all know that the Central Banks of the World are leveraged between 20-25: 1 re their debt/hard assets. What happens if these hard assets drop 7-8%? Then they are all BANKRUPT! What happens to our savings accounts? The G20 met last Nov & agreed they could raid our bank accounts if they, the banks, got in trouble! They are in trouble now with 1 -1 1/2 Q$ in DERIVATIVES. Is it worth the risk!

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