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The Big Reset. Don’t Get Left Behind. -
2012-06-02 17:39:24 GMT
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"Why will the financial system collapse? Raoul’s answer is simple: too much debt. Debt that can’t be repaid. Worse, this $70 trillion in debt serves as collateral for $700 trillion in financial derivatives (an amount 12 times larger than the entire global economy!). How will the collapse play out? Europe’s current meltdown will result in huge bank and sovereign defaults since there isn’t a mechanism that can stop them from occurring."
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