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TIME FOR A BANK RUN!
Anonymous Kritter Show this Post
06-14-2012, 10:25 AM #1
Anonymous Kritter Incognito Anonymous
 
Quote:The current liquidity crisis on the southern periphery of the Eurozone now appears likely to spread to all of Europe, and then globally. There are already quiet electronic bank runs in progress in Greece and Spain. On Monday, a bank "holiday" was announced in Italy. More bank runs will likely follow. As of today, Wednesday, June 13, 2012, I strongly urge all SurvivalBlog readers to immediately draw down their checking accounts and liquidate their CDs, passbook savings accounts, and most of the their stocks to buy tangibles



this guy knows his shït, very seldom wrong about things. here's a headsup... time to pull out your cash. shït is about to hit the fan.
Anonymous Kritter Show this Post
06-14-2012, 10:28 AM #2
Anonymous Kritter Incognito Anonymous
 
sorry wont let me post link wtf2.gif
06-14-2012, 10:32 AM #3
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,585 Threads:1,443 Joined:Feb 2011
The link isn't banned, our spam filter phazer is set to simmer. chuckle.gif
I know where it came from just gimmee a minute to find it, I'll post it for you. That's the advantage to registering, you don't have to put up with a spamfilter that randomly decides to filter some links.

Back in a sec, and good find AK! cheers.gif

wonder.gif
06-14-2012, 10:43 AM #4
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,585 Threads:1,443 Joined:Feb 2011
Found link, Google is my sort of friend chuckle.gif http://www.survivalblog.com/2012/06/econ...-1200.html
This guy's a pretty respectable source, Bohica turned us on to this source, he reads there quite a bit.

wonder.gif
Anonymous Kritter Show this Post
06-14-2012, 10:49 AM #5
Anonymous Kritter Incognito Anonymous
 
TY Jay hi5.gif cheers.gif
06-14-2012, 10:56 AM #6
Jed Member
Posts:230 Threads:40 Joined:Mar 2012
Quote:Moody's slashes Spain debt ratings three notches


Credit ratings agency Moody's Investors Service cut its rating on Spanish government debt on Wednesday by three notches to Baa3 from A3, saying the newly approved euro zone plan to help Spain's banks will increase the country's debt burden.

Moody's, which also said it could lower Spain's rating further, cited the Spanish government's "very limited" access to international debt markets and the weakness of the national economy.

The rating is on review for possible further downgrades, which could come within the next three months, Moody's said.
http://news.yahoo.com/spain-rating-slash...xLTdmMTkxZ

Looks like all this is a
comin' unraveled at
the seams. I don't reckon
anybody can patch this
thing up no more.
06-14-2012, 11:21 AM #7
misterbumps Member
Posts:1,051 Threads:38 Joined:Apr 2012
just read the article this morning. these politicians are idiots. they throw money at the banks and then speculation, downgrades and interest demeans the loans several days later meaning more money wasted. they should learn through greece that throwing money at a problem does not fix it. STIMULUS!!!!! where are the fricking green jobs we were all promised!!!!!!

anyone got any tips on how to get out of a massive city where everyone has got the rage...?!!

I can see by your coat my friend you're from the other side. Just one thing I got to know. Who won?
06-14-2012, 12:12 PM #8
Octo Mother Superior
Posts:43,375 Threads:1,483 Joined:Feb 2011
Misterbumps, I think your best bet would be a bicycle. A moped or motorcycle would of course be faster, but then you'll only get as far as you've got fuel. I'm counting on roads being plenty clogged up so there will most likely be some off road traveling involved. Good trekking shoes is always a good idea.



06-14-2012, 03:46 PM #9
Shadow Mrs. Buckwheat
Posts:12,775 Threads:1,181 Joined:Feb 2011
Greek Bank Run Update: Up To $1 Billion A Day Now

"This includes cash withdrawals, wire transfers and investments into money market funds, German Bunds, U.S. Treasuries and EIB bonds," said one banker, who spoke on condition of anonymity.

http://www.zerohedge.com/news/greek-bank...on-day-now

06-14-2012, 03:54 PM #10
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,585 Threads:1,443 Joined:Feb 2011
hug.gif Morning Shadow! I read speculation that another bailout may be necessary just so Greek banks can keep handing out cash! There are rumblings from Germany that it's prepared to give paper fiat in exchange for other countries riches, gold and other PM's. wtf2.gif
Who's going to sign up for that?

wonder.gif
06-14-2012, 03:56 PM #11
Shadow Mrs. Buckwheat
Posts:12,775 Threads:1,181 Joined:Feb 2011
hug.gif Hej JR

Yeah was just reading that at ZH

http://www.zerohedge.com/news/greece-bac...-be-coming

Election on Sunday coffeetime.gif
06-14-2012, 04:01 PM #12
Octo Mother Superior
Posts:43,375 Threads:1,483 Joined:Feb 2011
The Greeks are stocking up on food coffeetime.gif


Morning Shadow hug.gif
06-14-2012, 04:03 PM #13
Shadow Mrs. Buckwheat
Posts:12,775 Threads:1,181 Joined:Feb 2011
Hej sweetie hug.gif

It'll be fascinating to watch. Sad too.
06-14-2012, 06:40 PM #14
JayRodney ⓐⓛⓘⓔⓝ
Posts:31,585 Threads:1,443 Joined:Feb 2011
All eyes are on the Sunday elections, my bet is they are out of the Euro, followed closely by Finland by all accounts.

wonder.gif
06-14-2012, 09:56 PM #15
Cynicalabsurdance Member
Posts:9,282 Threads:213 Joined:Feb 2011
TIME FOR RUN ON A BANK?

This is good news to me,,,


after years of banks chasing me,,,

i get to chase the banks back

oh, such a fun game,,, when do we start the race?



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