7 votes

European banks are technically bankrupt

http://youtu.be/1HU3EbWbUjs

A new report by the International Labor Organization (ILO) says the eurozone is in danger of losing 4.5 million jobs over the next four years, unless it changes its current economic policies.

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Yeah...and American banks have been

bankrupt TECHNICALLY for just over 5 years now. American Banks just hide it better. Just wait for the next bubble, it will be brutal, hope you are all prepared with food, water, shelter, and guns.

You're right

but we currently have the printing press, which can only destroy the value of fiat currency. The big bubble has yet to pop, but it's getting close and I think we sense that right now.

Republicae's picture

Well, the whole system is

Well, the whole system is technically bankrupt, so are the governments, including our own. The problem is that the technical bankruptcy is now moving into a functional bankruptcy and there is absolutely nothing anyone can do to stop it from happening. Nothing!

http://militantjeffersonian.com

"We are not a nation, but a union, a confederacy of equal and sovereign States" John C. Calhoun

fireant's picture

"This video is currently unavailable"

It shut down while I was half way through it.

Undo what Wilson did

COMPLETE VIDEO

COMPLETE VIDEO