Bloomberg TV made the mistake of inviting on academic and international affairs expert Jeffrey Sachs to discuss the Ukraine situation and Sachs took the opportunity to tell the truth about the Nord Stream Pipeline bombings — specifically, that all the evidence suggests the U.S. coordinated the attack. The hosts dutifully freaked out at this shockingly obvious piece of information and then were even more apoplectic as Sachs shared the substantial evidence tying the US to the explosions.
globinfo freexchange Wolfgang Schäuble and the German leadership of the eurozone have good reasons to worry, maintaining an uncompromising attitude in the negotiations with Greece. But the repayment of Greek debt, which amounts to EUR 317 billion, is not one of the most important ones. The Greek debt is insignificant in comparison with the financial dynamite of the German (and other) banks, which in recent months gives more daily ignition signs. 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 b...
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