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German banks have $1 trillion + in hidden losses

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posted on Sep, 23 2011 @ 10:17 AM
And guess what, France has probably more... the US too.

Watch it here, CNBC

And Germany-France are supposed to be the base for the Euro... funny uh?

If Germany is hidding 1 trillion in losses, most of it is at Deutsche Bank. And Deutsche Bank is so big if it goes down, a lot of banks in Europe and the world will go down.

So it's either gonna be collapse or a big big big bailout. You can't hide and fudge the numbers forever.

``All will be fine``... keep repeating that to yourself... it has BOUND to work at some point!

edit on 23-9-2011 by Vitchilo because: (no reason given)

posted on Sep, 23 2011 @ 10:28 AM
Kinda makes me feel not so bad about my $142 overdraft in my checking account last week.

Seriously, though, the cracks that formed in 2008 are getting too big to support the dead weight of the system and there's a nasty breeze blowing that very well could finally blow this whole debt-laden mess asunder.

Thankfully my shelves are well stocked and I'm in a position to ride out a pretty long economic drought. Hopefully others are too or there's going to be some real ugliness in the not-too-distant future.

posted on Sep, 23 2011 @ 11:27 AM
Dark ages part II, coming to a city near you!

posted on Sep, 23 2011 @ 12:06 PM
I phucking ♥♥♥ it!!!

Let them all Western socialists burn!!!

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