What's New In "Avoid Debt Destruction By Any Means" European Soap Opera Today? Additional Proof That Bank Failure's Imminent

Reggie Middleton's picture

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chinawholesaler's picture

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ocmsrzr's picture

Dear Reggie. The servers for your blog have been down for days. Please fix them. Signed, subscriber.

Epicurus's picture

Great analysis, impeccable research as always.

Question: Don't you think that the system is 'TBTF'. It's not like we're playing poker against a 'loser' with an ace up his sleave, it's worse. They can print new cards and make new rules during play to stabilise the system, whatever it takes.


JW n FL's picture



Reggie is NOT! a Star!!

Reggie has a Choppa in da car!!!

Hedge Hunter's picture

Reggie sure does have a lot of family members on here.

supermaxedout's picture

Yeah, the banks may collapse. It seems nobody can avoid this. And it will hit the US banks which will then be saved by the US taxpayer.


But what I 'm always wondering why should this effect the Euro currency. This magic mechanism has upto now nobody explained to me. Why should the Euro money go kaputt ?

Money is always a matter of trust.  And  I do not see at all that the Euro is loosing its value exept against gold but that is a general occurance.

Ok, maybe some EU countries get the insane idea it is better to drop the Euro as their currency and instead are going to introduce Russian Rubles, or Chines Yuan or even the US Dollar as their new currency. This is the only possible way because you need to have a new currency when you want to drop your old one.

To create a currency from the scratch on their own to say a new French Franc, New Drachma, New Lira, New Peseta, New Escudo, etc seems to be quite a suicidal attempt especially all these countries would then be completely on their own. Without the backing of Germany their currencies would be hardly accepted or only at a very hefty discount. Good Night then to everybody.

falak pema's picture

The euro has a growing circle of support in far east and ME. The only unknown is the extent of a bank run on Europe if the US HFs suddenly put 300 billion on the shorting table in one go; obliging ECB to buy USD to cover the run from Euro into USD. If the FED opens swap lines immediately the run falters. If the FED balks, remember the FED and its PD shareholders have two faces, one to support WS assets one to wage war on the Euro, not necessarily coordinated; as this is a truly mad and contradictory world, its a question of bringing the OTHER currency to its knees first, then the whole shooting match spirals out of control. We have a liquidity problem as its dollar dominated demand.

So the other possibility then is  the Chinese and Japs as USD holders can trade their USD for Euros if the US HFs make a desperate move, if the US FED does not follow suit. This is a big IF, as we can never be sure this dyke will hold out in the face of determined speculators. As for liquidity in pure Euro plays, THERE IS NO LIQUIDITY CRUNCH, AS THE ECB CAN PRINT AWAY. Upto a 3 trillion limit, apparently. But this requires back up by Fail safe bank. Ball in Merkel's court on this.


Clowns on Acid's picture

Yeh but Reggie...Dick Bove has just said "to buy the US banks now because they are undervalued" ! And Dick Bove is ...well....Dick feckin' Bove, me bro'!

Oh yeh thats right 1 week ago or so Dick Bove said "to sell all equities, carry all cash"! Now I understand reversing ones position in the markets as a short term trader looking at chart patterns, price action and the fundamentals as such....But Dick Bove is a Bank analyst...y'know the guy that is the BEST and everybody listens to at all the mutual find managers.

Is this Dick Bove's version of HFT? Sell everything then buy all banks the next week?? Or...did the bejeweled, short fingered barbarians at Treasury contact Dick feckin Bove's employer and have a quiet chat, after his "sell everything " call? Y'know like the quiet chat they had with the EX - CEO of S+P?


Fred Hayek's picture

Enlightening as always, Reggie.  I can't imagine working in affected fields and not trying to get a hold of all your reports.

apberusdisvet's picture

Without picking a specific target, I would imagine that all TBTFs are a super short opportunity.  Will history call it the crash of 2011, or 2012?  Inquiring minds want to know.

Mountainview's picture

The Germans haven't subscribed anything yet...So, the Finns are in an advanced position without cover from the heavyweight...

mt paul's picture

7 pt shot

from the 3rd level 

of the parking garage ...


nothing but net ...

nobusiness's picture

I agreee with all your analysis. except banks don't fail anymore.  I thought they did for years and lost on shorting because when they look the worst so asshole government bails them out.

NotApplicable's picture

Hell, insolvent is the very definition of a bank these days. Especially when their marked-to-unicorn assets are bought by all of those institutions filled with benevolent dictators.

stormsailor's picture

finland wants collateral, how 20th century.

topcallingtroll's picture

If I were a girl I would let you fuck me.

I love you Reggie, but in a pure manly way, not in a dirty, disgusting, faggy, homo way, not that there is anything wrong with it.

falak pema's picture

you are one head in the ass, convoluted thinker...in a pure, manly way of course.

How you can reconcile "dirty, disgusting, homo' and 'nothing wrong with it' is beyond me. 

Ever heard the phrase of 'being sincere in speech and thought'...?

StychoKiller's picture

A sense of humour requires work, apparently, you're too lazy! :>D

PY-129-20's picture

I recommend you here in Germany, Reggie. Your work is brilliant. Thank you.

Sudden Debt's picture

Another masterpiece Reggie!


g's picture

good stuff as always Reg