On Your Mark, Get Set, (Bank) Run! The Dominos of Serial Lehman 2.0 (x 4) In The EU Are Falling Into Place At A Quickening Pace

Reggie Middleton's picture

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Mon, 08/01/2011 - 10:59 | 1512605 Theta_Burn
Theta_Burn's picture

I'd love to trade this, problem is the obvious low hanging fruit will be the set-up for slaughter.


Mon, 08/01/2011 - 11:34 | 1512574 LMAO
LMAO's picture

Reg, I saw Nordea bank AB popping up in your charts at about 170% assets to sovereign nations GDP and an adjusted leverage "guesstimate" at about 20%. Are these numbers related to Denmark, Sweden, Finland, Norway ...?

Which sovereign are we talking about here?

I'm hoping you could be so kind as to clarify this

Thanks in advance.



Mon, 08/01/2011 - 10:52 | 1512570 Arch Duke Ferdinand
Arch Duke Ferdinand's picture

The Seven Essential Rules of Tyranny.....


OT: Hilarious "Upside Down" Video.....


Mon, 08/01/2011 - 10:47 | 1512549 DosZap
DosZap's picture


geno, I agree.

Seems like we should have a dedicated page here, with info and contacts (reliable) for places that are desirable and prices are resonable,that are not 3rd world crap holes.

HSBC just announced multiple billions in profits, and are laying off 30,000 workers world wide.Selling 195 US locations, closing I think 13(lucky for those employees it wasn't the toher way around,for the time being).

Mon, 08/01/2011 - 11:36 | 1512777 Tense INDIAN
Tense INDIAN's picture

i think they already have the computers to work for them......party is really over ....the music has stopped.. 

Mon, 08/01/2011 - 09:59 | 1512315 geno-econ
geno-econ's picture

Where do we run to ? Iam a senior citizen who has already taken an income decline hit due to zero interest rates. So where do I hobble to while bankers are dancing in the streets of fiat profits ?

Mon, 08/01/2011 - 12:12 | 1513009 lynnybee
lynnybee's picture

i'm "old" too .    Z.I.R.P. is meant to "depopulate" us ..... THEY WANT US GONE !   OBAMACARE, end-of-life death panels, Z.I.R.P., governments have long-term plans that they do not inform the people about !     geno-econ, get this thru your brain, the government wants us gone, they loved us when we were young, raising families, spending lots of money on consumer goods, paying lots of property taxes.   now that our usefullness is gone , they want us gone, too !     Besides, the older generation has too much knowledge about the way our parents & grandparents lived, basic savings accounts that earned us interest, paid off homes in 15 years, no credit cards, no debit cards .     THEY WANT US GONE !   spread the word ......... teach your children & grandchildren that these are not normal times; debit cards & credit cards are not money. 

Mon, 08/01/2011 - 09:59 | 1512312 irishlink
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Maybe we are feeling tremors in Turkey at the moment! The black swan will fly in from the east!

Mon, 08/01/2011 - 09:49 | 1512269 Robslob
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Hey Reggie...in addition to providing these brilliant exerpts how about what to do if there is another bank run (I must have missed the one in 2008; bank run).

It seems gold & silver are obvious, finding a stable local bank in which to park cash but really...what else is your average Joe supposed to do if he is not moving from the U.S. and does not have his own private island fully stocked???



Mon, 08/01/2011 - 09:56 | 1512286 Version 7
Version 7's picture

Gold and silver are not going to protect you from a bank run (unless the entire banking system collapses). They just protect you from currency devaluation. Have a few cash on hand.

Mon, 08/01/2011 - 10:44 | 1512530 Panafrican Funk...
Panafrican Funktron Robot's picture

I disagree, many businesses already accept gold eagles at spot as compensation.  In the event of a bank run, I think the number of businesses accepting anything of stable value would skyrocket.  Gold is, has been, and probably always will be a stable store of value.  That's why so many here have it, in physical.

Mon, 08/01/2011 - 09:47 | 1512260 TSA Thug
TSA Thug's picture

Glad to see Reggies have the euro banks on the run. US banks are in much better shape because they are American.

Thanks for the nice article. It will be fun to watch as the euro trash collapses. I hope some euros get into my screening line. I'll send them home and they won't come back!

Mon, 08/01/2011 - 09:47 | 1512258 Portugal
Portugal's picture

USD 2,8 Tln on top of USD 14.2 Tln gives a 19.71% increase over ( the USA Debt Ceilling ) over the next few year but the bank run will be in Europe?

Mon, 08/01/2011 - 09:47 | 1512257 Portugal
Portugal's picture

USD 2,8 Tln on top of USD 14.2 Tln gives a 19.71% increase over ( the USA Debt Ceilling ) over the next few year but the bank run will be in Europe?

Mon, 08/01/2011 - 09:46 | 1512255 Portugal
Portugal's picture

USD 2,8 Tln on top of USD 14.2 Tln gives a 19.71% increase over ( the USA Debt Ceilling ) over the next few year but the bank run will be in Europe?

Mon, 08/01/2011 - 09:46 | 1512254 Portugal
Portugal's picture

USD 2,8 Tln on top of USD 14.2 Tln gives a 19.71% increase over ( the USA Debt Ceilling ) over the next few year but the bank run will be in Europe?

Mon, 08/01/2011 - 17:02 | 1514385 MrSteve
MrSteve's picture

That's right, new Portugal, America prints it so you don't have to! Recall during the recent liquidity absence, the US FED was doing massive overnights and repos with european banks who needed the liquidity when LIBOR went ballistic. This just came out in the first half-assed audit of the FED. Some Yanks thought the FED ought not to "give" one red cent to the Europeans, but that is just the US being "uncontinental".

Old Portugal could probably swap yuan for euros with the Chinese if they'd give them port visiting rights for their new aircraft carrier and some plain old port, cork and olives, etc.

P.S. Ease up on the SAVE button, its just sticky sometimes.

Mon, 08/01/2011 - 21:52 | 1515362 StychoKiller
StychoKiller's picture

Portugal, saved by madeira, madeira I say!

Mon, 08/01/2011 - 09:31 | 1512209 Akrunner907
Akrunner907's picture

As with everything in life, timing is everything.  We all know the crash will happen, it is how long it will take to achieve critical mass that is the only unknown.  We are seeing more and more tremors that will lead to the big one, but will that occur in 6 months, 9 months, 1 year, or 2 years??  That is what I wish I could find in the crystal ball. 

Mon, 08/01/2011 - 09:41 | 1512233 Sudden Debt
Sudden Debt's picture

Like a famous Fukushima patriot once said:


I wonder what happend to the guy... he was so inlightning...

Mon, 08/01/2011 - 21:50 | 1515356 StychoKiller
StychoKiller's picture

You fukushima buddy is glowing with (well, not pride at any rate) the "flush" of success! :>D

the banking system is bigger than Europe itself and cannot be bailed out by the entities in which they are domiciled...

A wee bit more o' growth will "solve" this problem!

Mon, 08/01/2011 - 09:40 | 1512230 Version 7
Version 7's picture

Perhaps it would be more helpful to think in terms of triggering events instead of time frames. Which can they be and where they can come from. If for example oil price goes up to 150 again, there you have one.

Mon, 08/01/2011 - 09:25 | 1512190 Sudden Debt
Sudden Debt's picture


Last I heard was that Cyprus itself is looking at a default on its dept itself.

Next domino comming up :)

Mon, 08/01/2011 - 09:15 | 1512160 whopper
whopper's picture

IMO europe will crater first. Too much bad blood to be held together by Fiat paper.

Mon, 08/01/2011 - 10:51 | 1512565 edotabin
edotabin's picture

bad blood, bitchez!

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