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JP Morganís Insolvent. Banks Are Dead.
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JP Morganís Insolvent. Banks Are Dead.

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JP Morganís Insolvent. Banks Are Dead.

Max Keiser, "ďThe global banks are dead. No amount of aerosol trying to make the stink go away is going to change that. Thatís what Christine Lagarde, and the other folks at the IMF have failed to come to terms with. The global indebtedness reached a critical amount of - no amount of stimuli or policy changes would change the fact that the globe is embarking on this massive global deleveraging, which is going to end in massive defaults in banks across Europe and across the world. These major banks in Europe are technically insolvent. Deutsche bank is insolvent. BNP Bank (France) is insolvent. Societe General (France) is insolvent. JP Morgan Ė insolvent. And of course, Goldman Sachs is insolvent."

JP Morgan’s Insolvent. Banks Are Dead. - Max Keiser

Not like most of us already knew this!!!!

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