[bruinbirdman]

". . . against the last remaining healthy economy . . ."

Don't bet on it. Remember the European bank stress tests? They didn't mean a thing. German banks are mostly broke with excessive exposure to bankrupt sovereign states and bad mortgage loans to foreigners.

yitbos

[Varsity Flight]

So called “Banks” are NOT the REAL economy. And that IS the systemic worldwide problem.

[Varsity Flight]

“excessive exposure to bankrupt sovereign states and bad mortgage loans to foreigners.”

And that is basically the point. Destruction of a real economy with false/fraudulent paper.