Friday, March 16, 2012


Posted by BH

More on CME, CDS and Iran

15 March 2012
The nice folks at RNN gave me and a nice plug.  It, also, broke some news that was basically ignored by the MSM this week.  The U.S. gave Iran a “last chance” ultimatum about its nuclear program.  This is a cartoon, but what it is talking about is anything but funny.  The description put on You Tube said, “Midday News for March 14th discusses the ISDA declaration of a Credit default event in Greece and the subsequent reaction in Gold and Silver pricing. We review the move by the CME to get out of the business of clearing European Derivatives. We also touch on Tuesdays FOMC and the message sent to Iran by Hillary Clinton.”  Give it a look.  It is not very long, but it is good.


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