
Episode #144 -- Pascal Najadi and Keeping Up with the Davosians
Gold Goats 'n Guns Podcast
00:00
The Financial War Between Europe and the United States Over the End of LIBOR
I don't think we'll have a nuclear problem I don't really believe that not from the Russian side and I don't think the Americans will do it but I see a big problem on the financial tug of war banks for me settle banks central banks. The derivative commitment structured finance unresolved products of credit Swiss linked products with credit Swiss or the tune of Paul Guebreath 14 trillion Swiss francs that's half of the US national debt yeah. Those you know those derivative contracts every one of them has one clause called cross default so guess what the stuff is out of control it's melting down. This explains to you why credits we had to be rescued overnight or it was a forced marriage with
Transcript
Play full episode