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."
GVS Deep Dive Saudi Arabia just secured two of the most powerful assets in modern geopolitics: the U.S. F-35 stealth fighter and tens of thousands of Nvidia’s most advanced AI chips. Washington hoped this would pull Riyadh firmly back into the American orbit. But the outcome is something neither side fully expected: Mohammad bin Salman outplayed both Washington and Beijing — and used the great-power rivalry to his advantage.
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