We’re Looking At A Global Banking Crisis, One Beyond the Euro Banks

Sharing is Caring!

by Chris

There’s no way to disconnect the system of banking at this point.  That’s how I see it and understand it.

It’s a gigantic daisy chain of owing.  Every asset in on every bank balance sheet is somebody else’s liability.  Thus, it’s not possible for the major Italian banks to go down without affecting the other banks that hold their bonds on their books.

READ  800 Arrested in Global Sting, $48 Million Recovered, 150 Murders Prevented

It’s not possible for Italy to crater with the Target 2 liabilities now ~$1 trillion (with a “T”) without smashing through the very core of the European system beginning with the ECB itself.

READ  G7 historic deal on global tax… 15%

Just minutes ago on Twitter I ran across this, confirming the idea that Spain’s banks are not far behind.

833 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.