The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label roads. Show all posts
Showing posts with label roads. Show all posts

Monday, July 21, 2014

On cusp of German bail-in vote, 50% of cities stand on verge of insolvency

On July 9, German legislators voted to approve bank bail-ins as the primary solution for re-capitalization the next time their financial system experiences a collapse or major crisis.  Thus following in the footsteps of the Cyprus Experiment, which saw depositors lose upwards of 60% of the money they thought was safely protected in their banks and financial institutions, German depositors, not the taxpayers, are now on the hook to pay for a bank’s corruptness, risky bets, or bad decisions.

However, even this egregious new policy may pale in comparison to what is coming for the German state as it is now estimated that 50% of all municipal governments within the chief Eurozone nation are underwater, and on the brink of insolvency and bankruptcy.




Read more on this article here...