SLP432 James Lavish The Great Debt Spiral
Stephan Livera Podcast
00:00
Is There a Mechanism for Settlement Between the Eurozone Central Banks?
Germany owes over a trillion dollars from the other banks and they're there. And Italy, they actually they have a negative balance of over six hundred billion dollars, right? The problem is there's nothing there to to force the settlement and it's just growing and growing and growing. Eventually, they're just going to cut their losses and walk away. So I don't know when that happens, but yeah.
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