Vinny’s Blog

Right after posting about FDIC yesterday and that USD and gold post a day before (click on the name links to read previous posts). I was still following currency movements.  2 days ago I found gold way down and USD way up and all that when Lehman was going down in one of the biggest [...]

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- First let us take a look at Lehman’s failure.
There was a post on FDIC and in that post there was a reference from IMF chief. Here are notes from that post.
August 19, 2008
Credit crunch may take out large US bank warns former IMF chief

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I hope you remember my previous posting about FDIC, if not please feel free to explore. [ http://www.diwakars.com/wordpress/2008/08/fdic-iii/ ] In case you skipped reading previous post here are some references from it - in previous posts news articles indicated that FDIC had approx 53 billion dollars, with that it insured approx 4.3 Trillion dollars worth [...]

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You may have seen a lot of movies  Rambo, Terminator, Matrix, Autumn in NY, You have got mail to name a few but you have never seen one like this before. How can I say that so confidently ? because they never made one like this before this film is unique.

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What is debt ? You can find lot of definitions in books but my definition in simple words, it’s money borrowed which sometime in future must be paid back. Interestingly if it need not be paid back then, it becomes a gift or a donation.

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