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 wounded US imperialist beast becomes more dangerous than ever as desperately seeks to start a WWIII
globinfo freexchange It seems that the declining Western superpower is losing ground and tries hardly to avoid the inevitable. The US imperialist beast, despite all the destruction that causes, is failing to fulfill its utter objectives. Which in short, are the dissolution of Russia and China, looting their vast resources, as well as the full expansion of the destructive neoliberal model throughout these areas and other countries allied with the Sino-Russian bloc. Most importantly, the wounded beast is loosing much of its strength due to the rapid de-dollarization that has started approximately ten years ago, as dollar had become the front line of the US imperialist sweeping force since the early 70s. As if nothing has changed, the beast insists on using the same tools to prevail in the global geopolitical field, ignoring the unprecedented changes and complexities under current circumstances. In a move (as it seems) of desperation, the United States House of Representative
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