End of the American Dream – by Michael
Are we witnessing the start of a historic financial meltdown in Europe? In recent days, two massive corruption scandals have greatly shaken confidence in European financial markets. The first involves Spanish Prime Minister Mariano Rajoy. It is being alleged that he has been receiving illegal cash payments, and the calls for his resignation grow louder with each passing day.
The second is a derivatives scandal at the third largest bank in Italy. Allegedly, there were some very large unreported derivatives deals that were supposed to help hide losses at the bank, but instead they actually made the losses much larger. Continue reading “Is This The Beginning Of A Horrifying Stock Market Crash In Europe?”