Topic: The $1 Billion Armageddon Trade - page 3. (Read 4492 times)
the u.s. has already defaulted.
http://etfdailynews.com/2011/07/25/investors-the-1-billion-armageddon-trade-placed-against-the-united-states/
It looks like our AAA rating is about to have a fender bender and may need to rely on a towing service to get around. I'm not a speculator, I'm a forum guy (sorry, Bones). Somebody has made a bet, a $1B bet nonetheless, possibly knowing that the US is going to default or lose its AAA rating. If he (not a woman--read http://forum.bitcoin.org/index.php?topic=32386.0 ) wins, he'll decuple his investment. I personally find that fact outrageous. No one should be able to make a tenfold, or more, profit on any investment--unless its for the betterment of the overall global community (had you there for a second).
Any thoughts on how this may effect Bitcoin?
Bitcoin: Default Proof!
It looks like our AAA rating is about to have a fender bender and may need to rely on a towing service to get around. I'm not a speculator, I'm a forum guy (sorry, Bones). Somebody has made a bet, a $1B bet nonetheless, possibly knowing that the US is going to default or lose its AAA rating. If he (not a woman--read http://forum.bitcoin.org/index.php?topic=32386.0 ) wins, he'll decuple his investment. I personally find that fact outrageous. No one should be able to make a tenfold, or more, profit on any investment--unless its for the betterment of the overall global community (had you there for a second).
Any thoughts on how this may effect Bitcoin?
Bitcoin: Default Proof!
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