NY Post Joins CNN & MSNBC With Propaganda and Fake News
I always had respect for the New York Post, but this cover has warned that this paper is no different from the rest of the fake news. First of all, [...]
Nonperforming Loans in European Banks 10x that of U.S. Banks
American banks would rather return to the USA than strengthen their activities in the Eurozone. The U.S. banks, overall, now expect the EU to simply disintegrate. Brussels is not about to surrender its dream and is clinging to life as it slowly dies. The general view now is that the European banks are reaching the point of hopelessness. Their commercial nonperforming loans are at 10 times what you see in the U.S. banks.
This deflationary policy in Europe has deliberately created a depression in Europe, and somehow, at least in Merkel’s mind, they think that is better than inflation.
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