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Saturday, August 3, 2013

Economic Collapse News 080113 / Mega Bank Failures Coming?

Jim Willie: If Deutsche Bank Goes Under It Will be Lehman Times Five! - Deutsche Bank owns $25 trillion in OTC swaps with the Central banks and other major banks, so expect a daisy chain of derivative failures for the $1.6 quadrillion derivative market if it were to fail! Deutsche Bank cannot break down by itself.  It would result in the complete breakdown of the European Monetary Union!
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