... it is unbelievable that many of the banks and lending agencies are unable to determine where and who and how much debt they have...
ONE company in Germany Hypo Real Estate Holding has 80.4 Billion euros in public sector debt... article here. I wonder if they put it in the teapot or whether this will affect pension funds...
Put into perspective... it is more than Bill Gates is worth...
That is equivalent to about $11 for every person on the planet (assuming about 7 billion people).
It is $1 bills laid end to end to the moon and back 7 times...
... and they do not know where all of it is or went or should come from.
Trust me, I am your bank. Good grief. Not to worry, the rate will soon be €500 to $1...
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