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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 399.01+0.1%Dec 19 4:00 PM EST

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To: KyrosL who wrote (46446)2/15/2009 8:44:59 PM
From: Haim R. Branisteanu  Read Replies (2) of 218617
 
no argument about the ECB as it is not the US FED as far as capabilities are concerned, but if comparing apples to apples Z1 is very telling as is the US Treasury report.

Everything else is child play when compared to US outstanding obligations. Also keep in mind that since GS, JPM, MS, GECC, GMAC etc., are also highly leveraged similar to EU banks.

Certain Austrian banks are in precarious situation compared to the AU GDP but if compared EU banks to US banks it is very similar.

The problem the EU has is that each country is on her own to date and this should change as in the US no state is at the end on his own - but has the FED Government to call upon.

As to the Telegraph I read them also - many forgot the 100 year war it seems <GGG> not to mention WWI or WWII
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