German banks have $1 trillion + in hidden losses

And guess what, France has probably more... the US too.

Watch it here, CNBC

And Germany-France are supposed to be the base for the Euro... funny uh?

If Germany is hidding 1 trillion in losses, most of it is at Deutsche Bank. And Deutsche Bank is so big if it goes down, a lot of banks in Europe and the world will go down.

So it's either gonna be collapse or a big big big bailout. You can't hide and fudge the numbers forever.

``All will be fine``... keep repeating that to yourself... it has BOUND to work at some point!

Kinda makes me feel not so bad about my $142 overdraft in my checking account last week.

Seriously, though, the cracks that formed in 2008 are getting too big to support the dead weight of the system and there's a nasty breeze blowing that very well could finally blow this whole debt-laden mess asunder.

Thankfully my shelves are well stocked and I'm in a position to ride out a pretty long economic drought. Hopefully others are too or there's going to be some real ugliness in the not-too-distant future.

Dark ages part II, coming to a city near you!

I phucking ♥♥♥ it!!!

Let them all Western socialists burn!!!