Quoting: Anonymous Coward 73848670 Two weeks after the country of Germany defaults on its international debt, the USA will have to close its banks and have an extended bank holiday where for quite a while, you can only get a little money from the bank each day or each week.
Deutsche bank is the first hit in this sequence. It will go down and then the german government will be forced to take on the debts.
Quoting: Anonymous Coward 67511492 Is that so serious ?
I have this here:
"
EUROPE & USA Scared to lose 40 Trillion USD Annual Income !EUROPE & USA are scared to lose 40 Trillion USD (1/3 of the global GDP) annual income when the USA world order collapses.
Most of us are not aware, and that is so by design, that the economic model that was imposed by the USA in 1945 was in simple terms,
1. to take wealth primarily from Africa and Latin America, and also from Asia and,
2. to give it to Europe and North America.
Of course in reality that happened in very complex ways, say in the form of declining prices for commodities and rising prices for industrial goods, manipulation of exchange rates of currencies, creation of "soft currencies" and "hard currencies", manipulation of interest rates, manipulation of credit ratings, petrodollar, global reserve currency status of the USD, USD denominated debt, derivatives, etc.
Europe and USA could do that because they controlled the global financial system, now they are about to lose that control."
The spider's web: Britain's second empire