Bob Chapman - A Marine Disquisition - 03 Nov 2011

Bob Chapman - Credit Default Swaps are a form of insurance , the actual figures regarding the Greeks debt are around 600 billions , if there is a default the consequences for these banks are going to be dreadful , it is a tremendous amount of money we are talking about ....Deutsch Bank is in horrible situation because they like to gamble on international markets , most of the banks in Europe will be nationalized not just in Germany