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RE: A Bank With 49 Trillion Dollars In Exposure To Derivatives Is Melting Down Right In Front Of Our Eyes
no worries.. the european central bank will pump paper money into it until the money printing press breaks!
Heh. Yeah, Lagarde might prove to be even looser with stimulus than Draghi has been. What could possibly go wrong?
in nominal euro terms nothing... hard assets are a different game...
That’s what concerns me, the banks know that printing more is there only option.
I really don’t know if this will be a repeat of 2008, they will just print us down the drain