muses of the moment

July 4, 2013

Latest Blog Post from Martin Armstrong dated July 3, 2013

Filed under: European Debt Implosion, The Banking Crisis, The Financial Crisis, Unemployment — Tags: — totallygroovygirlfriday @ 1:39 am

Click here for Martin Armstrong entitled Germany The Worst of the Banking Crisis in Europe dated July 3, 2013.

From the link above from Martin:

It is widely known that the banks with the biggest hidden problems are actually in Germany. The banks need capital badly and the stricter banking rules from Basel are not helping matters. Germany is moving into recession and this will increase bad loans among German banks. We will begin to see rising unemployment in Germany next year and the economic decline will lead to further capital flight to the dollar.

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