That about says it.

In CA with all the fault-lines and some interacting a small slip somewhere leads to a major EQ somewhere else. Same with banks and world debt.

Deutsche Bank is one of the world’s biggest and it’s teetering on bankruptcy. Do a web search on “Deutsche Bank bankruptcy” and see what shows up. Some folks think it’s past due, but the banking community can’t allow it to go. There’s no room for error there because if it does go, it could trigger a number of other bank failures. What do you do if your bank doesn’t open Monday morning and credit locks up?

The world runs on credit. That’s part of the problem.

Those aren’t my thoughts, somebody smarter than me...