Saturday, August 11, 2012

European big banks technically insolvent: Max Keiser

Hahaha! Another Laugh and Learn video. Listen to the Puppet Sean O'Grady! 

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Let’s travel to Europe for news lately, shall we?


France, back in a recession for the 2nd time in 3 years. Italy's economy contracting point seven percent in the last quarter: And for the powerhouse, Germany: its Industrial, construction and manufacturing all slumped for June: The euro- zone debt crisis continues to threaten the survival of the 17-nation currency bloc, affecting non-Eurozone members, like the UK, where the Bank of England said it did not expect the UK to grow out of a recession. But the more alarming picture: the lack of growth, whether it’s for each country, developing countries, or the global economy as a whole.


European big banks technically insolvent: Max Keiser


Peace, Truth & Freedom

KCPy

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