Menachem Ben Yakov
2012-01-23 12:54:16
” Its currency is in free fall (as of yesterday it had dropped 50% against the dollar since September)….. ”
Michael, You hit upon something incredibly interesting. Suppose for a moment a billionaire pal of Obama with a history of shorting currency were forewarned of the timing of sanctions and their inevitable outcome. One might not be able to purchase insurance to back stop that trade in the event of a Force Majeure therefore war would be off the table- until the trade pays off. An unscrupulous guy could make billions.
