Topics > Economy
EuroBank Collapse?
Libertas:
2% reserves, with all the insanity they have to deal with over there, 2%?!
This could get fugly quick.
And American banks do have stakes in many euro banks, just so ya know.
http://www.zerohedge.com/article/guest-post-first-history-coming-simultaneous-european-banking-collapse?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
Weisshaupt:
--- Quote from: Libertas on June 07, 2011, 06:47:03 AM ---2% reserves, with all the insanity they have to deal with over there, 2%?! This could get fugly quick.And American banks do have stakes in many euro banks, just so ya know.
--- End quote ---
The general population and investors seem to not understand the interconnected nature of the system -- there really isn't a safe haven anymore, and no one can afford a Euro or a dollar collapse at the moment, so everyone keeps playing "extend and pretend" - an everyday there are more and more people noticing the unstable edifice. Hell, when left leaning USA Today notices 62 Trillion in unfunded liabilities you know the end is near.
Iran is 2 months from a Nuke. I suspect they will test its operation on a city in Israel, and we will have a full blown war in the Middle East. Obama will of course commit us to fighting it, and thereby justify price-fixing and rationing here at home as part of the war effort, drafting our ever growning jobless younger population into service to prevent them from rioting at home, deploying out best military personel over seas and hiding the complete failure of his policies the same way FDR did - by making the U.S a command economy. Why do I say this? WWI and WWII have thier roots in a similar envrionment.
Sectionhand:
--- Quote from: Libertas on June 07, 2011, 06:47:03 AM ---2% reserves, with all the insanity they have to deal with over there, 2%?!
And American banks do have stakes in many euro banks....
--- End quote ---
That's the 2% they're talking about ! ;D
AmericanPatriot:
This could leave a mark
Predator Don:
--- Quote from: Weisshaupt on June 07, 2011, 12:34:13 PM ---
--- Quote from: Libertas on June 07, 2011, 06:47:03 AM ---2% reserves, with all the insanity they have to deal with over there, 2%?! This could get fugly quick.And American banks do have stakes in many euro banks, just so ya know.
--- End quote ---
The general population and investors seem to not understand the interconnected nature of the system -- there really isn't a safe haven anymore, and no one can afford a Euro or a dollar collapse at the moment, so everyone keeps playing "extend and pretend" - an everyday there are more and more people noticing the unstable edifice. Hell, when left leaning USA Today notices 62 Trillion in unfunded liabilities you know the end is near.
Iran is 2 months from a Nuke. I suspect they will test its operation on a city in Israel, and we will have a full blown war in the Middle East. Obama will of course commit us to fighting it, and thereby justify price-fixing and rationing here at home as part of the war effort, drafting our ever growning jobless younger population into service to prevent them from rioting at home, deploying out best military personel over seas and hiding the complete failure of his policies the same way FDR did - by making the U.S a command economy. Why do I say this? WWI and WWII have thier roots in a similar envrionment.
--- End quote ---
Man, we were comtemplating this senario....What better way to hide your deficiencies as a leader? Do nothing to stop WW3 then get involved after the fact.
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