I remember a few posts back where Slade, I think it was, said that some of the major european banks are leveraged as high as 50 or 60:1 … then above we have derek that says “There is the potential of the European banking system collapsing, and the economies not being large enough to cover the losses.”

In light of that, consider this video …

what are we to make of this?

PS. BDS alert: dont let the first 2 minutes of this 9 minute video turn you off. watch at least the first 4 minutes before you judge.

Thanks to all for your time.