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Breaking news: Laimestream omitted!
Breaking news:
Laimestream omitted!
Europe:
Lloyd’s of London From Richard Ward of Lloyd
Lloyd’s is preparing to the collapse of the Euro by divesting of all possible Euro denominated investments. “We are trying to reduce exposure as much as possible” Lloyd’s exposure on the continent is Sterling 58.9 billion 18% of total capital. Euler Hermes we are considering reduction of all cover trade with Greece because we think they will leave the Eurozone.
Denmark:
Moody’s cuts rating on 9 Danish Banks
Cuts are between one and five points.
Spain:
Sovereign debt dollars all 732 billion
Regional Debt 183 B
Bank Guarantees 103B
Other debts 72B
Total National Debt $1.090 trillion
Liability to ECB 332B
EU beget commitment 20B
Stabilization fund commitment 125B
Marco Fin Ass, Fund 99B
Guarantee outstanding EIB debt 67B
Total European Debt 1.733 Trillion
Actual Debt to GDP ratio 133.8%
Italy
Total outstanding Italian loan papers appear to be over 3 trillion Euros.
The debt is spread ten years into the future
Iceland is bankrupt.
Greece is bankrupt.
Ireland is bankrupt.
The good news is that America’s Federal Reserve System is on the hook for only 2 trillion dollars that has been loaned to EC banks and the ECB.
Neither Ireland nor Iceland are bankrupt, the private ratings agencies state they are. Ireland in fact too collectivized private bank debts to bail out the banksters – which was totally unnecessary, Iceland has no such ‘debt’ whatsoever and jails its banksters.
-remove the too-