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The recent surprise discovery that Deutsche Bank has a capital shortfall greater than its entire market cap (as per German economic research institute ZEW) amongst other European banking revelations of late, lays wood on the charade of bank stress tests and exposes the utter folly of the infinite debt based growth western economic model; as non-performing loans have reached epidemic proportions and exceed levels seen in 2008 as the financial crisis unfolded.

It won’t be today, but the day will come when the debt, chicanery, and factually incorrect statements (or to be blunt) outright lies of the world’s governments, central banks, pundits and so called “experts” come home to roost.  This is a function of basic mathematics, no amount of pretending or wishful thinking is going to make these problems go away, and their resolution will one day exact a terrible economic toll.

This is Caleb Lawrence Registered Investment Adviser Scotts Valley Drive and Willis Road in the Scotts Valley Plaza, Suite 202 or call me toll free at 888-RICH PIG / 888-742-4744.

You can catch me on the radio at noon each business day as well on California’s central coast.  KPIG 107.5 FM in the Monterey Bay or KPYG 94.9 FM in San Luis Obispo.

Rebroadcasts, additional writings and other entries are also available on my Blog at www.clinvestments.com

Investment planner advisory services offered through Caleb Lawrence Registered Investment Adviser Inc.


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