Bank Run In... Korea

Tyler Durden's picture

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andybev01's picture

Perhaps someone who is going to blow his entire life savings on a wedding isn't the most prudent saver in the first place.

Terminus C's picture

He's 79 years old, he can pretty much do whatever the fuck he wants... not much reason left for saving.

faustian bargain's picture

Well, if he's not in debt, apparently he's ahead of most Americans.

Gene Parmesan's picture

He could be donating it all to Snooki and the rest of the Jersey Shore cast - who gives a crap?

Twindrives's picture

Bernanke's helicopters are dropping bales of U.S. dollars into populated areas of Korea as we speak.  Authorities are preparing for mass casualties.  

cougar_w's picture

I read a blog entry once where a guy seriously went over all the reasons why it would be a bad idea to drop actual physical money from actual helicopters, literal money from the sky.

He did not however mention that one problem would be people fighting over the money on the ground, nor did he mention that if the money fell from very high up as wire-bound bails it would probably cause property damage and just maybe fatalities. You know, a brick of paper (regardless of denomiation or rate of inflation) has a fair weight. Could make a dent.

So Ben didn't really think this money-from-helicopters thing through. I think that instead of dropping money from choppers he should just mail everyone a check.

zhandax's picture

He tried that already.  Remember 2008?  $800 per head to the non banks and 3 Trillion to the banks.  Now he is scratching his head wondering why people are still pissed.  Apparently non-bankers can count better than bankers.

Dadoomsayer's picture

maybe learn a little about the culture before commenting.  yes asians save for their kids, that is what they try to do, save.  here if you tell your neighbor you have any kind of positive equity in your home and some money saved they look at you like you are crazy.

our economic system in turmoil, theirs is going full steam.  history will tell which was the smarter way of living.

dick cheneys ghost's picture

the south koreans are saddled with debt, just like the us in america.

Azannoth's picture

Amateurs , they should promptly hire some jews to run their banks

cougar_w's picture

The Joo-baiting around here has reached the level of self-parody. I keep looking for anything substantive but so far it just reminds me of folk back home; mostly harmless.

squexx's picture

WWHHHAAANNHHH! Truth hurts, don't it!!

Popo's picture

Less than .01% of jews work in finance.   Does that truth hurt?

 

 

ZeroPower's picture

Pretty worthless statistic, you know how many 'others' there are? On a relative basis, its much higher, guaranteed.

Shock and Aweful's picture

He may be a biggoted asswipe...but I don't think the point he is making is completely based on a racist ideology. 

The funny thing about stereotypes is that they have to carry a certain level of truth to them or they could not sustain themselves. 

FACT:  THERE ARE ALOT OF JEWS IN THE WESTERN BANKING SYSTEM...ALWAYS HAVE BEEN...ALWAYS WILL BE.

I for one thought his reply was funny as hell...and was spot-on....maybe you should not be so sensitve.

TeamAmerica's picture

He's a holocaust denier.  Maybe you should be more sensitive.

Azannoth's picture

http://www.solargeneral.com/library/did-six-million-really-die-richard-h...

As Duke Nukem would say "Eat Shit and Die!" http://www.youtube.com/watch?v=ysx3nIMeHeE

I am basing my 'beliefs' on documented facts what are you basing your beliefs on ? Tortured german soldiers 'confessions' ?

 

TeamAmerica's picture

I regret these few seconds I'm wasting to respond - you have no rational mind to argue with, and you are not worth my time.

Bringin It's picture

You are not Team America.  Why hide?  To create "consensus"?  Good job.  Nobody can see thru you.  Keep up the good work.

born2bmild's picture

I needed a laugh this AM, nice work.

ZeroPower's picture

teamamerica you are truly clueless and a moron

LeBalance's picture

Az: There will never be an open discussion and collection of evidence.  It is required that history took place in a given way in order for the present to fit into the correct box.

Therefore a certain person must have killed J.F.K. otherwise we are not "here."

Abraham Lincoln was not, I repeat not, a Rothschild scion, true last name of Springsteen.

The dollar is not the world largest Ponzi and global conspiracy, because if it were then one would have to admit that such massive conspiracies would be as prevalent as bacteria in feces.

And these "simple" questions are missed by certain folks and they will never ever see that the entire Matrix is a lie and that every doorway is a lie and that it was built like that on purpose without a stitch of truth.

On purpose, so you could break your mind on it, or laugh like a loon, and flap your arms readying for takeoff.

To wit:

"No reason to get excited"
The thief, he kindly spoke
"There are many here among us
Who feel that life is but a joke"

"But you and I, we've been through that
And this is not our fate
So let us not talk falsely now
The hour is getting late"

>>>>>>>> But there is no way to talk, except falsely, because there is no Truth to talk about.

zhandax's picture

No deniers here.  We are all in agreement we are watching the latest holocaust unfold, up front and personal.  Today.  2011.  Bought to you by many of the same families who funded the last one.

Popo's picture

Little known fact:  Culturally, banking and finance are very common among Jews because the racist guild-system in medieval Europe forced jews out of every industry of the era, but allowed them to practice banking and lending -- because in those days it was a low-profit enterprise.   You reap what you sow, I guess.

 

 

Hedge Jobs's picture

the Jews are victims of the GFC az. The likes of greenspan, bernanke, blankfein, Dick Fuld, Maddoff, actually far too many to mention, had nothing to do with the GFC. Just innocent bystanders. They were very, very unlucky to have profited enourmously from the shit that went down.

Now back to the topic.... Sudoku bank is also reportedly in trouble. A spokesman there said the numbers just dont add up.

StychoKiller's picture

With that in mind, here's a blast from the past:

Following the financial problems in the Greece , uncertainty has now hit Japan!

In the last 7 hours Origami Bank has folded, Sumo Bank has gone belly up and Bonsai Bank announced plans to cut some of its branches. Yesterday, it was announced that Karaoke Bank is up for sale and will likely go for a  song, while today shares in Kamikaze Bank were suspended after they nose-dived.
Samurai Bank is soldiering on following sharp cutbacks, Ninja Bank is reported to have taken a hit, but they remain in the black. Furthermore, 500 staff at Karate Bank got the chop and analysts report that there is something fishy going on at Sushi Bank where it is feared that staff may get a raw deal.

Cut'nPaste is my friend!

Terminus C's picture

We are picking up speed, almost at terminal velocity.

Arkadaba's picture

Yes and I slept for most of the day - wtf!

makeyoumiss's picture

Surely their accounts are KDIC insured....

Zero Govt's picture

the publics zombie stupor 'all is well' is slowly but surely being awakened...

...every new event is another leaky hole in the dyke of Western confidence we're alright jack...

...next emotion is pessimism..... then fear...... then panic....

...you sooo don't want to be a bwanker when panic arrives because it's accompanied with 'anger'

...watch the clock and tick off the human emotional gears we will all go through... tick, tock, tick, tock....

born2bmild's picture

Oh here, this one gets the blood flowing: Freedom to Fascism the whole documentary  http://www.youtube.com/watch?v=8NpTVXitOQk

docmac324's picture

and away we go...

SwingForce's picture

HU cares? Stocks go up no matter what.

Cdad's picture

Well, when insolvent, best everyone else be insolvent right along with ya.  Gold is hearing the call AH.

dick cheneys ghost's picture

wanted you guys to get this first.............Barclays bank pays virually no taxes. Uk taxpayers stunned. 

 

http://nakedempire.wordpress.com/

TheGreatPonzi's picture

I guess there is a real estate bubble poping in SK too. 

squexx's picture

Land prices are in a bubble depending on where you are in Korea. In Seoul, they are insanely overvalued. Especially in the "trendy" areas in Seoul like Kangnam. Some of the land prices are approaching overvalued Japanese levels!

Many, if not most Koreans are also over their heads in debt due to credit cards and trying to spend and live like Americans. Most families have one or two cars and spend money like there's no tommorrow. Just like in Japan and China, Korea will get a financial black eye when the big correction comes.

I own about 1000 oz in Korean commorative silver and gold coins. If nothing else, they are legal tender as well. I'm waiting for the crash to happen here.