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2011-11-19 Europe

The Complete And Annotated Guide To The European Bank Run

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Posted by tipper 2011-11-19 20:10|| || Front Page|| [1 views ] Top

#1 Today Europe tomorrow the USA. When the people of Europe begin to withdraw their money things will get ugly. I wonder if Chavez got his gold out yet.
I wonder if it's gone. Nothing is safe now. Sung to the Robert Palmer tune "She's so fine I don't know where the money went". So many will be left with the tab. Then those who took advantage of the situation will benefit from the fire sale. The famous names of the depression past will be jointed by new names of the future wealthy. Then it will start over again.

Posted by Dale 2011-11-19 20:56|| 2011-11-19 20:56|| Front Page Top

#2 Less than an hour ago I commented that effectively all of the world's bank are insolvent.

The contagion won't stop at sovereign debt, Real estate and corporate debt are next.

Posted by phil_b 2011-11-19 21:29|| 2011-11-19 21:29|| Front Page Top

#3 phil_b Hello- when do you think the public will run on their banks in Europe. I believe most will just let it ride and hope for the best. The real panic hasn't hit yet. Perhaps most are living paycheck to paycheck. Its the retirements and savings plans that will hurt the most. I believe those are being tapped now to maintain current lifestyle there and here. Outgo is greater than income for the banks and public.

Posted by Dale 2011-11-19 21:55|| 2011-11-19 21:55|| Front Page Top

#4 If you are owed money from Europe

Posted by Dale 2011-11-19 22:04|| 2011-11-19 22:04|| Front Page Top

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