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IPFS News Link • Economy - International

US, UK, Eurozone Banks Face Meltdown

02-16-2009 • Michael Shedlock / Mish

A meltdown possibility in US banks, UK banks, and Eurozone banks as the entire global banking system is insolvent. Conceivably a framework for a new transatlantic or even global currency could come out of such a meltdown.

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Reported By Jack Gregson

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