China may be wagging its collective finger at our financial difficulties, but China has huge problems of its own. So do many other nations. This fact gave me a great idea as to how we can repair the damage done by S&P's downgrade of U.S. Treasury yields.
All we need do is repackage U.S. Treasuries, mix in a whole bunch of currencies like the peso and the ringgit -- for exotic flavoring, y'know? -- and then create a completely new CDO. But call it something else. The result can then be re-rated AAA.
What could go wrong?
6 comments:
Is this a joke? You're proposing the "amero" ---- the fake new currency Corsi has been drumming up hysteria over for years? You could be joking....I can't tell.
No, I'm not proposing that. Yes, there is humor involved, although I wish you had not made me admit that. Funny stops being funny when it wears a label. Look up what CDOs were.
There is a fine line between genius and insanity.
Joe, do Libertarians have a sense of humor?
Mr. Mike, it's every man for himself, to hack out his own sense of humor. No sharing, no communal standards.
@Joseph...sorry! Even looking up CDO's....I guess I'm one of those who needs the bucket of shit analogies...!
BitCoins !!!!
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