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IPFS News Link • Federal Reserve

CDS Chart of Sovereign Debt Shows Chance of U.S. Default at 68 Percent and Climbing

According to the chart the Default Rate for the Italy is 78%, Belgium 82%, UK 97.9%, Greece 101.3%, Austria 104.5%, and Ireland 113.6%. The problem is this chart is 2.5 months old and the problem is much worse...