Silver as an investment

Category Archives: Cramdown

We Need A Crash To Sort The Wheat From The Chaff

Submitted by Charles Hugh-Smith of OfTwoMinds blog, Once the phantom collateral vanishes, there's no foundation to support additional debt and leverage. When a speculator bought a new particle-board-and-paint McMansion in the middle of nowhere in 2007 with nothing down and a $500,000 mortgage, the lender and the buyer both considered the house as $500,000 of […]

ZeroHedge: Argentina Stuns Bondholders With Scorched-Earth “Cramdown” Plan

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. With the impasse over the latest Argentina default going nowhere fast, late last night president Kirchner stunned its creditors when she announced what amounts to a cramdown plan for holdouts, in which all bonds would be stripped of their existing […]

ZeroHedge: Dollar Strength Sparks Stocks, Bond, Commodity Cramdown

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. The USD Index is up 0.3% this morning driven mainly by EUR weakness. The USD Index’s break above recent highs (around 8amET) coincided with US equity and Treasury weakness but is having an even more significant impact on commodities.   […]

ZeroHedge: “The US Is Bankrupt,” Blasts Biderman, “We Now Await The Cramdown”

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Submitted by Chris Hamilton via Charles Biderman TrimTabs' blog, US is Bankrupt: $89.5 Trillion in US Liabilities vs. $82 Trillion in Household Net Worth & The Gap is Growing. We Now Await the Nature of the Cramdown. There are many […]

ZeroHedge: Overnight Sentiment: All About QE4EVA

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Today is probably the first day in a while in which minute-by-minute rumors on the Fiscal Cliff will not be on the frontburner (with yet another late day rumor yesterday of an imminent deal turning out to be a dud, […]

ZeroHedge: The Latest Greek "Bailout" In A Nutshell: AAA-Rated Euro Countries To Fund Massive Hedge Fund Profits

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. With constantly changing variables in what will be the fourth and not final Greek bailout, it has been relatively difficult to pinpoint just what the “fulcrum security” is in the ongoing restructuring that is not really a cramdown bankruptcy but […]

ZeroHedge: Latest "E-TARP" MOU Sends Spanish Bonds Back To Monday Levels

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. In the aftermath of last night’s bombastic European announcement coming in the late night hours, in which Europe has virtually promised the kitchen sink, one would imagine that the response for the biggest beneficiary, Spanish bonds, would be far more […]

ZeroHedge: Deutsche Bank: "The Spanish Recapitalization Is Not Working" – A Market Shock Is Required

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. This weekend, everyone’s attention will be on the Greek elections, however it is Spain that has now become the “fulcrum security” of Europe. As such, events in Greece are merely a catalyst that will set off a chain of events […]

ZeroHedge: Details Emerge About Spain’s Cramming Down "Bailout" Loan

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. While details are largely missing in the aftermath of yesterday’s historic announcement from Spain, the one thing that we did catch inbetween the various conferences and announcements, and probably the most important thing, is that the ESM/EFSF funded bailout loan, […]

ZeroHedge: Live Webcast Of De Guindos Bank Bailout Announcement

Be prepared for the next great transfer of wealth. Buy physical silver and storable food. Spain’s economy minister Luis de Guindos will hold a press conference detailing the terms of the bank bailout shortly. It can be watched live, and without translation, at the link below. In summary, the Spanish bank bailout is apparently a […]