Garage Gazette

General Category => POLITICS (IF YOU DO NOT LIKE POLITICS, THEN DON'T GO IN HERE! => Topic started by: jabberwoki on March 26, 2020, 09:42:57 PM

Title: A very interisting story
Post by: jabberwoki on March 26, 2020, 09:42:57 PM

http://www.greater-yellowstone.com/2020-articles/Message-from-Italy.html

Title: Re: A very interisting story
Post by: goodfellow on March 27, 2020, 07:13:52 AM

If Italy's economy fails, then the European Union is done. Worse yet, if their banking system fails, there is not enough money in the EU or IMF to save it. At that point the situation will create a domino effect of banks failing across the world because of Credit Default Swaps (CDS) -- i.e., basically default insurance taken out by Italian banks with other banks across Europe and the world.

Title: Re: A very interisting story
Post by: fatfillup on March 27, 2020, 03:45:50 PM

That was an interesting read.  Would love to know how close to truth it is

Title: Re: A very interisting story
Post by: slip knot on March 27, 2020, 06:09:42 PM

I read a similar story a few days ago that was explaining why the Wuhan virus was so hard on the Italians. Between the age of the residents, lack of any social distancing and the enormous number of Chinese immigrants working there. it was a perfect scenario for the virus to run rampant.