• Sprott Money
    04/29/2016 - 05:58
    There is unfortunately no basis for renewed optimism that this current litigation will have any meaningful impact on precious metals manipulation – with respect to either silver or gold.

As The French Bank Runs....

Reggie Middleton's picture




 
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Wed, 09/14/2011 - 03:01 | 1666809 chinawholesaler
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Mon, 09/12/2011 - 12:16 | 1659907 web bot
web bot's picture

Exiting the middle game and entering the full blown end game.

This ain't going to be nice...

Mon, 09/12/2011 - 11:48 | 1659833 Spirit Of Truth
Spirit Of Truth's picture

Of course, the elephant in the room is that U.S. money market funds are hip deep in EU bank debt.

http://www.youtube.com/watch?v=pD8viQ_DhS4

Mon, 09/12/2011 - 14:06 | 1660261 MFL8240
MFL8240's picture

No problem, they can print more and refill the tank.

Mon, 09/12/2011 - 19:54 | 1661749 Zero Govt
Zero Govt's picture

Think a year or two past the Fed printing yet more and refilling yet another tank running on empty (bankrupt).. in that near-future Benny will be signing his resignation and The Fed will be on its suicide note

Trust me on this one, The Fed are teetering on a knife edge here with QE1, Lite and QE2 seen as 3 total failures... anymore counterfeit money printing and the Fed is dead, and they know it ...if QE3 gets rolled out Rothchild will have to create another central bank in the seared ashes of his last play-thing

Mon, 09/12/2011 - 11:48 | 1659832 irishlink
irishlink's picture

SOCGEN  ceo just announced that Greece is not a problem for them!!!! Time for the French Citizens to check their deposit accounts?

Mon, 09/12/2011 - 15:32 | 1660861 falak pema
falak pema's picture

they are de facto backed by bank of france...that is by our taxes...no problem, we bend over backwards to save these banks.

Mon, 09/12/2011 - 19:53 | 1661775 Zero Govt
Zero Govt's picture

 

bring on Eric Cantona for a 2nd attempt ...should work this time

Mon, 09/12/2011 - 11:37 | 1659787 JW n FL
JW n FL's picture

 

 

In other words it’s all very well selling off legacy assets, and depending more on secured USD funding (repos) but that sort of strategy only really works providing you have a large amount of short-term high-quality liquid assets to pawn to begin with.

Reggie's Not! a Star!

Reggie's Got! a Choppa in da Car!

http://www.youtube.com/watch?v=3fumBcKC6RE

Reggie! the banks thought they were bullet proof until they got hit the 5th time.. HUHHHHHHHHHH!

Mon, 09/12/2011 - 11:32 | 1659768 PulauHantu29
PulauHantu29's picture

Bank runs like Diarrhea....running all the time.

Mon, 09/12/2011 - 11:50 | 1659843 DoChenRollingBearing
DoChenRollingBearing's picture

Maybe it's the coffee they drink over there...

Mon, 09/12/2011 - 11:46 | 1659741 falak pema
falak pema's picture

france and Italy only believe in five legged beasts; with the government stamp on their rumps. Its the hallmark of respectability and it has to be conceived by an "enarch", the best and brightest from the state elitist administration school.

Jerome Kerviel is now the icon who represents how french banks are run. He, low echelon trader turned Madoff type rogue, tried to outsmart those high paid shills running Soc Gen's trading algorithms; 'La crème de la crème' like Abacus shill, Tourre.

French Madoff representing the french version of WS type ponzi. His ham handed play now looks like wizardry when compared to Soc Gen's superior play in Sovereigns...But France, that is us the tax payers, we will be asked to pay the bill, eventually. Wherever we may live we pay for France at home.

Mon, 09/12/2011 - 13:46 | 1660185 Léonard
Léonard's picture

Why don't we speak about the desastrous situation of the English and American banks and California debt (13% of the GDP against 2% of the GDP of the Eurozone for Greece) ?

The USA and the US dollar are the real ones to get tossed, not the Euro. Everybody with a brain knows that.

Mon, 09/12/2011 - 13:57 | 1660226 richard in norway
richard in norway's picture

well it was always a question of who would crack frist, i expeced that a us state would go belly up before greece, but i was wrong, so far

Mon, 09/12/2011 - 14:07 | 1660263 walküre
walküre's picture

Without a FED that can print into oblivion and goes unaudited, the US States can live as long as their masters let them live.

Doesn't matter that majority of people in many states are dumber than a sack of shit and their productivity is worse than Kenya.

Mon, 09/12/2011 - 19:56 | 1661792 Zero Govt
Zero Govt's picture

You can put off the truth, but you cannot hide from it.

No amount of Fed counterfeiting, politicians lying, banks, accountants and regulators sleight of hand will stop the rot that's set-in past 30 years (Reagan and Thatcher ceeded money creation to the retail bwankers)... or the inevitable collapse of this fake, corrupt house of cards

It was sort of nice while it lasted but the Mother of all credit creation schemes/scams was always going to end in the Mother of all credit card collapses... real wealth and real productivity cannot be produced by the charlatans (banker-politicos) in society running around with credit cards ..all ponzi schemes fall off a cliff eventually

Mon, 09/12/2011 - 13:57 | 1660225 walküre
walküre's picture

Because my French ami, the Anglo-Americans are the pirates that are currently looting the world markets again.

Rothschilds and Windsors are the unholiest alliance ever contrived.

Neither the French nor the Germans could beat them. Maybe the Russians and Chinese have better luck.

Americans MUST realize that it is the Windsors and the banking cabal that is running their country.

Mon, 09/12/2011 - 13:47 | 1660205 baltbear
baltbear's picture

Because:

a. there are ruff mechanisms in place for muddling through some of that;

b. there's no snark appeal in in self-criticism.

 

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