SilverSerfer22

ON THE VERGE OF BANKRUPTCY!

EURONEXT:GLE   SOCIETE GENERALE
FRANCE HAS THE HIGHEST DEBT LEVELS ON EARTH!
ITALY HAS ARGUABLY THE SLOWEST GROWTH ON EARTH ADJUSTED FOR INFLATION AND GOVERNMENT DEFICITS!

THEIR LARGEST BANKS REFLECT THIS! BOTH ARE APPROACHING THE KEY 5$ LIQUIDATION PRICE!
OF COURSE, IT IS FAR FROM RIDICULOUS TO SUGGEST THESE BANKS WILL NOT BE ALLOWED TO FAIL, AS THEY POSE SYSTEMIC RISK TO THE ENTIRE GLOBAL FINANCIAL SYSTEM!

IN FACT, THE ACTIONS OF THE EUROPEAN CENTRAL BANK DURING 2020, ALL UNDER THE GUISE OF "PANDEMIC RELIEF", WERE MOST LIKELY AIMED AT SUPPORTING THESE FAILING ENTITIES BY ALLOWING THEM TO OFFLOAD THEIR GARBAGE ASSETS!
THE REPO MARKET TROUBLES SEEN IN SEPTEMBER WERE LIKELY TIED TO A NUMBER OF BANKS, THESE 2 INCLUDED, FAILING TO RECEIVE OVERNIGHT LIQUIDITY DUE TO THE AWFUL QUALITY OF THEIR POSTED COLLATERAL!

THIS IS EXACTLY WHAT OCCURRED IN JAPAN, THE CENTRAL BANK SUPPORTED FINANCIAL ENTITIES WITH ZERO CHANCE OF EVERY BEING PROFITABLE, CREATING THE INFAMOUS "ZOMBIE COMPANIES"!
THEY CONTINUED TO OPERATE, BUT THEIR SHARE PRICES NEVER RECOVERED AS THEY ESSENTIALLY HAD NO PROFITS TO PAY OUT!
DO NOT BUY STOCK FROM SMART MONEY THAT SEES THE RISK AND IS EITHER SHORT SELLING OR JUMPING SHIP!


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