The “Lehman of Europe” is Now the “World’s Most Systematically Dangerous Bank”

by Andrew Hoffman
Miles Franklin

It’s now “BrExit plus seven” – and with the long holiday weekend approaching (albeit, not in the UK, which decidedly does NOT celebrate “Independence Day”), the powers that be are running out of time to “control” the carnage they created. As trust me, given the collateral damage emerging from all imaginable political, economic, and monetary corners, NO ONE will want to “go long” Friday afternoon.

I mean, in the last 24 hours alone, France’s Marine Le Pen called for a broad “European Spring” movement; Puerto Rico announced it will default on its debt this weekend; U.S. East Coast shipping traffic was reported to have plunged; the U.S. government published a report highlighting the Social Security Fund’s insolvency; and utter chaos ensued in UK politics, regarding how and when the BrExit will be implemented, and who will be the next Prime Minister.

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