Forum Post: 4 Facts That Prove The EFSF Is 100% Pointless
Posted 12 years ago on Oct. 21, 2011, 3:46 p.m. EST by surplusunit
(26)
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FACT #1: Europe’s entire banking system is leveraged at 25 to 1.
FACT #2: European Financial Corporations are collectively sitting on debt equal to 148% of TOTAL EU GDP.
Read the others at
http://www.moneytrendsresearch.com/4-facts-that-prove-the-efsf-is-100-pointless/
Wow, I didn't know Europe's bank were leveraged that HIGH! American Banks are only allowed to leveraged up to 12-to-1, and they screwed the pooch too. Consequently, perhaps you would like to consider our group's alternative online direct democracy of banking at http://getsatisfaction.com/americanselect/topics/on_strategically_weighted_policies_organizational_operating_structures_tactical_investment_procedures-448eo and then direct questions or comments to our group's 19 members committed to that plan at: http://finance.groups.yahoo.com/group/StrategicInternationalSystems/