Global system using financial market hype is completely corrupt as a few in the fraudulent loop is taking unbelievable amounts of money and wealth while massive people is duped into the massive propaganda living in nightmare. e.g. on a social site, so called "Friend" living in Spain bragging about how she made "Double" of her money in the market, and now traveling around the Europe. It's horrible and corrupt financial market hype -- and governments are nothing but drama with "Dimon" case losing a few billion while he was one of the drivers of massive Trillions of derivatives and market hype. Financial markets are so corrupt, rewarding those who are perpetually acting on deception.
Hopefully, all who are sitting in the markets "SELL", "SELL", "SELL", and face the realities of massive corruption -- bubbles.
Spain Cut Three Steps to Baa3 by Moody’s on Debt Level By John Detrixhe - Jun 13, 2012 5:34 PM ET
Spain’s credit rating was downgraded three steps by Moody’s Investors Service, citing the nation’s increased debt burden, weakening economy and limited access to capital markets.
The country was cut to Baa3 from A3 and is on review for further downgrade as it plans to borrow 100 billion euros ($126 billion) from European Union rescue funds to recapitalize its banking system, adding to the government’s debt load, New York- based Moody’s said today in a statement. Spanish Prime Minister Mariano Rajoy requested the rescue on June 9.
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