John Key is not too worried about the IMF warning they issued earlier this week. So what is it he knows what we don’t! Could it have something to do with the meetings John Key had with both Timothy Geitner and Ben Bernanke in his July visit to the US?
Let’s remember John Key is a Wall street insider and has a large stake in the survival of Wall street and Bank of America with a large portion of his wealth still invested in shares in that bank. If he’s not nervous even as the bank is down graded from A to B++ he may have cause not to be.
While we wait though here is what some pretty keyed in Bloggers have to say about the current situation:
- Economic collapse blog gives 21 signs that something big is going to happen in the finance world and 30 signs that the US economy is going down the gurglers in awe inspiring speed
- Zero hedge is posting so fat it’s hard to keep up but his message is not good. Bank of America is downgraded to B++ and that is were John Key keeps his nest egg
- And the International forecaster has this to say about how international Corporations are dodging tax by off shoring their accounts to tax havens while the country they sucked dry is collapsing.