It can now be reported that the Italian banking system faces - TopicsExpress

It can now be reported that the Italian banking system faces insolvency with trillions of illegally cross-collateralized euro currency derivatives linked to the Italian bank Monte dei Paschi, the German Deutsche Bank and the U.S. banking giant JPMorgan ready to implode. The current ECB (European Central Bank) yield curve has gone ass backwards. At this hour with the Italian government coalition collapse, IMF Managing Director Christine Lagarde has told the Greek government that they may have to leave the European Union. Accordingly, massive bank leveraging continues. Note: The entire FOREX foreign currency market is now a high frequency algorithm driven bank ponzi scheme. Now you see it, now you don’t! Japan’s Prime Minister Shinzo Abe’s decision to raise the sales tax in Japan indicates Japan will continue to depreciate the Japanese yen given their exposure to the Deutsche Bank’s euro currency derivatives....

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