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ASSGEN Version 1.1: The Shoe Is Dropping... Slowly
A few days ago we provided a brief overview of Italian insurance company Assicurazioni Generali (whose corporate ticker appropriately is ASSGEN) and shared our view of why its CDS will shortly continue pushing far wider. To be sure, once the brief respite provided by Trichet's drunken sailor-style purchasing of sovereign bonds anywhere and everywhere ends today, we will once again see drifting in Europe (two days of about a billion in notional purchases does exactly nothing about resolving the underlying issues). Although as we noted, betting on a failure of the next batch of distressed countries, among which Italy sticks out like a sore thumb may be short sighted: after all Trichet will merely change the rules once again, the failure of such sovereign risk derivatives as re/insurance companies is far more questionable. Over the weekend, we will provide more on shy we believe ASSGEN is due for a major beatdown, and in the meantime we wanted to provide this teaser courtesy of BNP.
More shortly.
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No matter what happens this, Just remember this.. POMO. Its whats for dinner
prepare to be ASSGENilated.
By the Greeks, at that!
http://www.miamiherald.com/2010/11/30/1949316/holocaust-survivors-appeal...
Tyler and look
Spanish Caja de ahorros del Mediterraneo CDS...
or Banco Popular POP SM Equity CDS
-Allianz Stake in Banco Popular over 9% at 10 euros current 4.2...ALV GY EQUITY
Banco Popular is PR, not Spanish.
Both!
And Colombia - it's a very popular name.......
No mark,
Banco Popular (ticker bloomberg code POP SM Equity)
Spanish 3th biggest one.
Trichet is in fact changing the rules on himself as he raises the spectre of lack of confidence ever higher. Bad money will be spend and good money will leave the field. - Gresham's Law.
I would be interested to see a b/down of the maturity profile and when and how much ASSGUN paid for the Hellenic cack. If it all matures before 2013 then, not so bad, maybe.
If they're sitting on a loser that they've held since issuace, not good at all.
Always
Something
Suspicious
Growing
Europe's
Nightmare
Julian Assange has been forced to hold a online chat with The Guardian, a front for MI5 and the CIA, after a US company removed the Wikileaks domain name.
I so wanted to ask him some questions about his connections to the Economist and the Rothschilds, but it seems ordinary readers do not have access to the „online chat“.
One open question concerns the shadowy WauHolland foundation in Germany that is the main funder for Wikileaks and has collected 750,000 euros for his lavish operation over a Commerzbank bank account. Who is contributing the funds?
http://www.welt.de/print/die_welt/politik/article11362771/Wikileaks-Stiftung-sammelt-750-000-Euro.html
http://www.wauland.de/
Who is Wau Holland directr Bernd R Fick who claims to have worked for IBM and who says his programmes were used by the German secret services on his CV http://aspector.com/~brf/?
http://www.news.com.au/technology/wikileaks-offline-after-domain-killed/story-e6frfro0-1225965338553
How come Assange’s lawyer, Mark Stephens, works for a „foundation“ run by hedge fund manager George Soros, who has profitted from the engineered financial crisis. Soros also has significant interests in the media, including the Huffington Post and his network reaches into The Gaurdian.
The Guardian is also playing a key role in promoting Max Keiser’s bid to crash JP Morgan and so try to destroy the global financial system.
Max Keiser admitted on an Infowars radio show that he sold his office space in the World Trade Centre just before September 9/11, indicating inside knowledge of the attack.
Assange is in Britian and the police know his whereabouts but no one has arrested him in spite of arrest warrants upheld by Sweden’s supreme courts. How come? Who is protecting him? Why? Surely, not the governments he is such a „threat to“?
How come his Wikileaks site is being now hosted by Swedish, French and Swiss servers?
Switzerland is the banking capital of the world – and yet he has chosen to move to a Swiss server also to publish his information that will – so he claims — „crash“ major US banks?
Just how could any revelation by Wikileaks crash a major US bank? Goldmann Sachs has been fined for ist role in the subprime fraud. If that probe didn’t bring it down, Wikileaks documents will certainly not. Everyone knows the banks are 40 times overleveraged anyway and have no capital. That is the reason for the trillions of „bailouts.“ So any Wikileaks documents revealing the banks are overleveraged cannot bring any major bank down.
Anyone who has gold and silver has already bought it and moved their cash to safety. So just who is supposed to conduct a run on the banks when they read Wikileaks documents?
And how can buying silver crash JP Morgan as Max Keiser claims?That any major banks can be crashed by Wikileaks revelation is a fiction concocted by the bank-controlled media to justify destroying the global financial system
And how come Assange has such close ties to Sweden?
The ties of Sweden’s royal family to the Nazis are well known.
http://www.infowars.com/documentary-reveals-swedish-royal-family-ties-to-nazis/
The Swedish king’s sister Princess Birgitta is the daughter of Sybilla Saxe-Coburg und Gotha and was married to Johan Georg of Hohenzollern of the powerful Hohenzollern dynasty whose prominent members including Prince August Wilhelm were big supporters of Adolf Hitler and the Nazis.
How come Assange has access to the entire corporate controlled media? How come he says there is no evidence that 9/11 was carried out by the US government, CIA and Mossad?
Wikileaks founder Julian Assange has won an award from the “Economist” magazine, a financial publication controlled by the Rothschild banking family, and he has also featured on an “Economist” video clip, raising questions about conflicts of interest. Assange predicted a bank run could be triggered by bank data leaks but he does not mention that this would result in the robbery of millions of people because of the way the fractional reserve banking system works, and profit the banks.
Is a false flag bank run hyped by the banker’s media and carried out by a Rothschild operative being planned to rob millions and to implement emergency laws?
Julian Assange, the Wikileaks founder who plans to leak bank documents that will take down „one or two“ major banks according to Forbes, has won an award from the Economist, a magazine belonging to the Economist group, half of which is owned by the Financial times, a subsidiary of Pearson PLC. A group of independent shareholders, including many members of the staff and the Rothschild banking family of England.
Kurt Nimmo writes that the Economist is owned by members of the Rothschild banking family of England. It is run by the Economist Group, a known CIA front
http://www.infowars.com/rothschild-and-cia-publications-attack-constitution-worshipers/
Greek blogger Vicky Chrysou found that Assange won an Economist Censorship Index Award in 2008.
http://vickytoxotis.blogspot.com/2010/11/wikileaks-wikileaks.html
Assange’s close links to perhaps the world’s leading financial publication, which has consistently given misinformation about the eurozone and bank bailout, are underlined by a recent video interview he held with the Economist magazine.
http://www.youtube.com/watch?v=E_HPLHIBTtA&feature=player_embedded
Assange has not only won awards from the Rothschild banking family’s financial publications; he also won an award from Amnesty International, which works closely with the UN, itself associated with the IMF, the World Bank profitting politically and financially from the gigantic national debts saddled on country’s by banks with the help of compliant politicians.
Assange’s latest Wikileaks have been hyped by the mainstream media around the world as a major diplomatc row and destablising factor in spite of the fact that they are largely trivial gossip and news items that are in alignment with the Globalist’s goals.
If Assange were a real activist, he would not be getting any coverage from the mainstream media, let alone so headlines every day in every well known corporate media outlet. The alleged hide and seek between Assange and the US government as well as Interpol is played out on the theatrical stage of the world’s media when it is well known the US government and Interpol can arrest anyone they want virtually any time they want given their immense resources.
The Economist and FT were also among the corporate media that consistently hyped the swine flu pandemic and the need for vaccines last April while blocking information about the incident where Baxter contaminated 72 kilos of seasonal flu vaccine with the bird flu virus in ist biosecurity level 3 labs — virtually ruling out an accident — and so nearly triggered a global bird flu pandemic.
This media group has also consistently given misinformation about the current financial crisis and how it is being engineered by the banks to rob people, using the fractional reserve banking system.
Vienna Economics University Professor Franz Hormann explained how „banks create money out of air“ in a model for fraud in an interview with Der Standard recently. Hormann has also said that current economic theory is „political propaganda.“ But the Economist Group and IMF spout this propaganda all the time for the profit of the banks.
A bank run would result in the loss of people’s money, savings, pay checks and so bring ruin to millions of people – but this is what Assange wants because that is what will happen as anyone with a basic knowledge of economics now. The fractional reserve banking system means that the money or capital people put in the bank does not need to be on their account: capital can be spread all over the banks activities, locked in bonds and shares. Governments have very limited guarentees for deposits.
So if there the bankers can engineer a bank run, it will be the ordinary people who are robbed once more. Assange goes along with the propaganda that banks have capital in the banks not fractional reserve digits.
Expect the corporate media to hype Assange’s bank data leaks and hype the disaster and so help the banks justify bringing down the shutters and ruining millions if not billions of people in the process in a crash as devastating as 1931.
The media hyped the mild swine flu into a pandemic and they can hype a few extra withdrawls into a bank stampede as well unless we take action and demand that financial services scrutinse all withdrawals.
Because the euro is crumbling faster than expected, the bankers are desperate to institute some form of emergency law or martial law and a false flag bank run initiated by their operative Assange and hyped by their media would suit their plans perfectly.
His irresponsible actions that could destroy the world’s economy in a financial Pearl Harbour — also on December 7th, the date set for another irresponsible bank run — certainly are those of an operative working for the banks and may even be on the orders of the Rothschilds directly given his close links to the Economist. His task is to destroy the financial system before the eurozone fragments, allowing country’s potentially to restore their own currencies and regain their souvereignty.
His gigantic financial crime is also designed to discredit the alternative media and investigative journalists and so give the a chance to close websites and steer people back into the mainstream media.
Accusations of a sordid rape are also desgned to discredit investigative journalists in the eyes of the public.
Help spread this news: a false flag bank run hyped by the media is being planned by a Rothschild operative and it will result in the robbery of millions of people. Get financial regulators and the police to scrutinize all financial transactions and stop banks declaring themselves broke artificially, thereby robbing customers.
see links
http://birdflu666.wordpress.com/2010/12/01/wikileaks-founder-julian-assa...
I've always wondered why it is taking the west so long to get their hands on him. Also that is good cover isn't it for the EU. If a bank run is done then they can unwind the Euro and they can blame it on the people instead of the organizations and people who helped it come into being. The US and EU are trying to find a way to not have responsibility for the mess that will soon come.
Now that is investigating. Good fucking job.
Aoooowwww, that stings.
This is a contrarian view.
Yes, this story appeared in a third rate website (the link shown last) however if you would care to investigate the links given plus DYOR it has legs. Of course it is a conspiracy theory but given how important the impact of any unsettling information leaked about a major bank and the possible impact it could have on all our lives if it was to bring down the banking system it is worth looking at. Junk it is not. I suppose it's been junked by the usual Ju(**)nkers
This is the second time youve claimed Generali has a problem in which you are suggesting is specific.
ALL insurance companies are exposed to sovereign debt. This is only a problem if haircuts are imposed on investors. So far that hasnt happened. In fact insurance Co's nav is improving because of higher yields at the moment.