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2010-03-03 — blogspot.com
" Credit Default Swaps, as they are and stand, have the potential to bring down entire civilizations, and they will too, just to prove their point (and mine). It’s unbelievable to the innocent eye that after the collapse of AIG, the CDS market wasn't ostracized and burned at the stake. Unbelievable, that is, until you realize who's really in power in our societies. If you allow bets, wagers, in your society whose total monetary value adds up to many times the entire world’s GDP. you assure two certain outcomes: First, that these bets will bring down your society at some point and in some way, and: Second, that the people in charge of the best will take over power until the house comes crashing down. "
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