Telegraph: Reports that European Banks could have a debt of 16.3 Trillion pounds. In other words if you think its bad now, its going to get worse, how many banks are still to go to the Wall. It has to be postulated can the UK and the EU go broke, are we heading in to the Dark Ages when it comes to the Economy, is it every man for himself, will we start to see the UK and the EU start to use protective measures to preserve their own economies and workers. In simple language folks we are on the edge of a cliff and it will take a miracle for us not to have a worse Great Depression than the one of the 30s.
Wednesday, February 11, 2009
Europe Broke !!
Telegraph: Reports that European Banks could have a debt of 16.3 Trillion pounds. In other words if you think its bad now, its going to get worse, how many banks are still to go to the Wall. It has to be postulated can the UK and the EU go broke, are we heading in to the Dark Ages when it comes to the Economy, is it every man for himself, will we start to see the UK and the EU start to use protective measures to preserve their own economies and workers. In simple language folks we are on the edge of a cliff and it will take a miracle for us not to have a worse Great Depression than the one of the 30s.
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