Euro Bank Run Shifts To Insurance Companies As Lloyd's Of London Pulls Cash From European Banks

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Wed, 09/21/2011 - 08:10 | 1691708 Fips_OnTheSpot
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Wed, 09/21/2011 - 08:14 | 1691725 oobrien
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I'm fucking crash-weary.

When is this shit actually gonna happen?

Anybody have a date.

Celente says October.

Wed, 09/21/2011 - 08:37 | 1691809 UGrev
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Wed, 09/21/2011 - 08:43 | 1691829 falak pema
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roller coasters are recurrent travellers along the same rails. So we have the feeling we've been there before. It goes on and on, until it stops. Enjoy the ride and hang on to your cool, its only fiat. 

Wed, 09/21/2011 - 08:38 | 1691816 LongSoupLine
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The "crash" in itself is a series of events that plays out over a period of time (weeks, months).  You are witnessing the start of the "impact".

Wed, 09/21/2011 - 09:13 | 1691919 Raynja
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The crash seems so fast in the rearview and incredibly slow when youre barreling out of control towards disaster.

Wed, 09/21/2011 - 09:04 | 1691892 knukles
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Oh come on, we gotta have somethin' to piss and moan about.  Keeps the animal spirits contained, inside their homes, women and children are safe, samll creatures don't need to be locked up and when we get bored we can watch old Jersey Shore or Weather Channel reruns. 

And so far nobody's gotten a DWI (Drunk While on the Internet).

Wed, 09/21/2011 - 08:10 | 1691710 GetZeeGold
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It's a bank run marathon.

Wed, 09/21/2011 - 09:01 | 1691883 Yamaha
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And the question remains - when will they stop paying out?

Wed, 09/21/2011 - 08:12 | 1691712 GeneMarchbanks
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It's on like Donkey Kong!

Bring it back Tyler...

Wed, 09/21/2011 - 11:11 | 1692450 Hephasteus
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Crank dat donkey kong!!

Watch me donkey kong dat ho. What me donkey kong dat ho.

Wed, 09/21/2011 - 08:11 | 1691714 doomandbloom
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Remain Calm!

Wed, 09/21/2011 - 08:15 | 1691728 GetZeeGold
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All is well........



Wed, 09/21/2011 - 08:13 | 1691720 ZeroPower
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Anyone seen the main Lloyd's HQ in the City? the say the least.

Wed, 09/21/2011 - 08:14 | 1691722 CitizenPete
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Run, do not walk to the nearest exit.  Half a dozen people just jumped up in the movie theater, screamed and ran for the exit.  How do you like the film?

Wed, 09/21/2011 - 08:16 | 1691737 GeneMarchbanks
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Hollywood ending.

Wed, 09/21/2011 - 09:11 | 1691907 Smiddywesson
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Wed, 09/21/2011 - 08:14 | 1691723 trampstamp
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It's a coordinated effort to scare the sheeple and at the same time make off like a bandit on the VIX option expiration first print today. Jackasses!

Wed, 09/21/2011 - 08:14 | 1691724 westboundnup
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Is France a peripheral EU country?

Wed, 09/21/2011 - 08:18 | 1691747 GetZeeGold
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They all seem to be transitory countries.


Wed, 09/21/2011 - 08:15 | 1691729 HedgeFun
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Can't they just buy an insurance policy against bank failure??

Wed, 09/21/2011 - 08:15 | 1691731 Fips_OnTheSpot
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Nice - Gold just dropped 10USD on that one.. Them algos are mad?

Wed, 09/21/2011 - 08:18 | 1691746 AngryGerman
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China is pushing paper prices down so they can buy the physical.


The question is just? Where is the physical?

Wed, 09/21/2011 - 08:20 | 1691755 FunkyMonkeyBoy
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It's at Fort Knox dummy.

Wed, 09/21/2011 - 08:21 | 1691762 AngryGerman
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riiiiiiiiiiiiiiiiiight, i forgot..... that's located in Wonderland, isn't it? Guarded by the mad Hat Maker!

Wed, 09/21/2011 - 08:21 | 1691760 GetZeeGold
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Bloomberg just ran an article stating all the vaults are buying physical is out of the can't make this sh!t up.


Wed, 09/21/2011 - 09:19 | 1691937 Smiddywesson
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Many thanks AG, I'm glad I took the time to read that.

Wed, 09/21/2011 - 08:24 | 1691769 Fips_OnTheSpot
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On a ship sailing to Venezuela! ;-)

Wed, 09/21/2011 - 08:49 | 1691841 DosZap
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The question is just? Where is the physical?

Headed to the Pac Rims, India, and China just as fast as they can  get it.

ObuhNero is diddling, while the real MONEY is all hot footing into Asia................

99.5% of the Sheeples are still holding buttwipe.

I am starting to see Prems go up in places where they had not ever, the shortages,and suppliers must be having issues.

(Some I expect it from, as they are greedy pricks anyway),but not the one's I have used.

Wed, 09/21/2011 - 09:24 | 1691955 Smiddywesson
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Working as intended AG. 

TPTB WANT gold in the hands of Asians and us to have no gold so that our living standards go down and theirs go up.  This will allow a more sustainable system when they hit tthe reset button. 

Wed, 09/21/2011 - 08:16 | 1691734 King_of_simpletons
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Bullish. 200+ on the DOW.

Wed, 09/21/2011 - 08:16 | 1691735 Chuck Walla
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Its one thing to muse and consider such a thing, but watching it in slo-mo is just weird.

Wed, 09/21/2011 - 08:16 | 1691736 falak pema
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Oligarchs at war...anglosaxon vs Eurolandish.

Bottom line : is Fofoa right?

Wed, 09/21/2011 - 08:17 | 1691739 AngryGerman
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"peripheral economies": French included?

Wed, 09/21/2011 - 08:18 | 1691749 Fips_OnTheSpot
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They are sitting on an island - anything is "peripheral" for them, esp. Frogs.

Wed, 09/21/2011 - 08:25 | 1691775 Quintus
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Indeed.  As the old joke goes: "Heavy fog in the English Channel - Europe cut off."

Wed, 09/21/2011 - 08:18 | 1691745 misterc
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Jean-Claude will take care of this. Just hand him the keyboard and he will deposit some €€€ and $$$ at every bank in dire need for cash.

I'd even go as far as buying (unsecured) 6 to 12 month-bank bonds, if I was an institutional.

Wed, 09/21/2011 - 08:19 | 1691750 youngman
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Where are they running to with the cash...Swizerland????  Its not gold and silver...we need to watch wheelbarrow sales..see if they are skyrocketing..maybe they are just running home with all the cash and putting it under their beds...

Wed, 09/21/2011 - 08:20 | 1691756 AngryGerman
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it's a coffee company, so i guess they are back to buying coffee

Wed, 09/21/2011 - 08:20 | 1691757 Mentaliusanything
Wed, 09/21/2011 - 08:21 | 1691758 PMakoi
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Send U.S. yo' money!  We be pimpi'n, you ho's shut up now, and don't be bitch'n. 

Opium for the masses be here soon.  Idiocracy comin'.

Wed, 09/21/2011 - 08:23 | 1691759 fdisk
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GOLD same time same sh*t. Dropping like a rock.

20$+ drop in 1 hour. Nice work, bastards.

Wed, 09/21/2011 - 08:29 | 1691790 GeneMarchbanks
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Relax and BTFD.

Wed, 09/21/2011 - 08:23 | 1691766 msmith
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Looks like the EURUSD has decided to makes its move lower.  A bearish trend channel has been formed with downside price action This should impact equities negatively as well.
Wed, 09/21/2011 - 08:30 | 1691793 trampstamp
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technicals will not matter today. Big money will take advantage of volatility.

Wed, 09/21/2011 - 08:38 | 1691818 ZeroPoint
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Why haven't the plebs caught on yet and emptied their accounts?

Wed, 09/21/2011 - 08:54 | 1691868 buzzsaw99
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last time i checked fidelity wasn't worried.

Wed, 09/21/2011 - 08:56 | 1691872 Jean
Jean's picture

If a list of which banks Lloyds pulled out of were to leak, I think the plebes would start running.

Wed, 09/21/2011 - 09:05 | 1691893 Georgesblog
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This is suspicious, all by itself. It's been so quiet about the story on the gold found to be adulterated with tungsten story, that I have to wonder what kind of dirty back room deal is working behind the scenes. So many banks are vulnerable and Lloyd's was reportedly the underwriter on gold deposits in Canada and England. "The Four Money Questions" tell me that this is being swept under the rug because somebody stole for the "right" people.

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