USA government debt ceiling

Zenaan Harkness zen at freedbms.net
Wed Oct 21 03:50:24 PDT 2015


A sensationalist sounding piece about Deutsche Bank perhaps about to
fail, with numerical comparison to Enron and more:

http://www.silverdoctors.com/here-we-go-fund-manager-warns-something-just-blew-up-in-the-global-financial-system/
"Glencore was originally said to have $30 billion of debt.  However,
that number did not include the $50 billion in bank credit lines
outstanding plus an undetermined amount of unsecured trade finance
deals.  The total exposure to Glencore debt by banks and investors is
now estimated to be as high as $100 billion – LINK.
To put this in perspective, Enron had $13 billion in debt at the time
of its collapse.  Moody’s continued to assign a triple-A debt rating
to Enron until shortly before it filed for bankruptcy.  I mention this
to illustrate the unreliability of “expert” hear-say analysis."
(with graph)
...




More information about the cypherpunks mailing list