Eighteen Percent of the EU is Literally Junk, Carried As Risk Free Assets at Par Using 30x+ Leverage: Bank Collapse is Inevitable!!!

http://boombustblog.com/BoomBustBlog/Eighteen-Percent-of-the-EU-is-Literally-Junk-Carried-As-Risk-Free-Assets-at-Par-Using-30x+-Leverage-Bank-Collapse-is-Inevitable.html?print=1&tmpl=component

Eighteen Percent of the EU is Literally Junk, Carried As Risk Free Assets at Par Using 30x+ Leverage: Bank Collapse is Inevitable!!!

The 2nd biggest hedge fund in the world (right behind the US Federal Reserve) is currently busting at the seems (literally) with junk! Think about it. There are 17 members of European Union, and 18% of those members are trading junk bonds as sovereign debt. These junk bonds (in some cases trading 50 cent on the Euro) are carried on HTM books at par, and have been purchased with 30x to 60x leverage. Care to calculate the losses, because I have. Once again, the endgame is The Anatomy of a Serial European Banking Collapse, but the prequel can be found in my many warnings that will lead up to that event, starting with the abject insolvency of the world's 2nd largest hedge fund - the ECB!: