Only
Deutsche Bank, the largest bank in Germany, is significantly exposed,
holding dubious financial products known as "derivatives",
worth 67 trillion euros. This amount is similar to the GDP of the
entire world and 20 times greater than the GDP of Germany. Any
comparison with the situation of the bank Lehman Brothers in 2008
would not be irrelevant. Just when Lehman Brothers went bankrupt, had
available derivatives of only 31.5 trillion. The crisis of 2008
confirmed the concise definition of derivatives as proposed by the
American tycoon Warren Buffet: "financial weapons of mass
destruction."
The Jimmy Dore Show Little progress is being made in negotiations between the United States and Iran over the latter’s nuclear program, and that may be by design. The U.S. is demanding a complete dismantling of Iran’s nuclear enrichment program, which is a non-starter for the Iranians. Meanwhile, the U.S. appears to have reneged on a promise to get a ceasefire and humanitarian aid into Gaza in exchange for the release of the last American hostage, so Hamas — and by extension Iran — feel the U.S. cannot be trusted in negotiations. Jimmy Dore and Americans’ Comedian Kurt Metzger discuss how Israel appears to be orchestrating a U.S. attack on Iran that few Americans have any interest in. Related: Trump makes key move to beat Biden in their race to start a war with Iran
Comments
Post a Comment