How's their balance sheet? Thought you would never ask! Have you ever heard of counterparty risk...its waiting for the perfect moment to trigger the next shoe to drop. Right on-time! By-the-way, who do you think is one of the largest counterparties on the other side of the JPM 79 trillion ponzi scheme derivatives book? You guess right if you said Deutsche Bank. European banks are in trouble and so are the US counterparts...lets see what Bernake can come up with this time.
Iran War Hype, Gold, and the Fed’s Debt Bubble
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Iran escalation, fragile debt markets, and gold flashing warning signs.
Mark Thornton explains why this bubble won’t end gently.
15 minutes ago
