Explor Resources Inc. (fka EXSFF)

[Go4IT6]

We are out of time in Europe...

There would be a voluntarily contribution to Greece's debt so haircut would be 68%. Rumours are spread a agreemant is near. What a laugh !!! Those debts are covered with CDS-contracts. This means that - in case of a Greek default - all bonds will be repaid 100% !!! If choosing between an agreement getting 32% of my money back or forcing Greece going into default and having returned 100% of my money, I know which choice to make !!! Moreover, those CDS-swaps are covered by European banks which enevitably will lead to bankrupty of lots of European banks. So ECB will need to intervene in order to save lots of banks from bankrupty. This will also mean the end of the Euro. So guess what's happening behind the scenes (according to one of the biggest banks in Europe, Credit Suisse) ? ECB is already flooding the market with liquidity, balance sheet already at the same level as the FED (about 2.7 trillion €). Credit Suisse now tells us that ECB is considering planning a liquidity injection into market of..........10 trillion € !!! Any idea what this would mean ? US Dollar as well as goldprice will rocket !!!

JMHO

GO4IT6