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
Fips_OnTheSpot's picture

Booom!

Wed, 09/21/2011 - 08:14 | 1691725 oobrien
oobrien's picture

I'm fucking crash-weary.

When is this shit actually gonna happen?

Anybody have a date.

Celente says October.

http://geraldcelente.proboards.com

Wed, 09/21/2011 - 08:37 | 1691809 UGrev
UGrev's picture

Me too. END THIS SHIT ALREADY!!! FUCK!!!

Wed, 09/21/2011 - 08:43 | 1691829 falak pema
falak pema's picture

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
LongSoupLine's picture

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
Raynja's picture

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
knukles's picture

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
GetZeeGold's picture

It's a bank run marathon.

Wed, 09/21/2011 - 09:01 | 1691883 Yamaha
Yamaha's picture

And the question remains - when will they stop paying out?

Wed, 09/21/2011 - 08:12 | 1691712 GeneMarchbanks
GeneMarchbanks's picture

It's on like Donkey Kong!

Bring it back Tyler...

Wed, 09/21/2011 - 11:11 | 1692450 Hephasteus
Hephasteus's picture

Crank dat donkey kong!!

http://www.youtube.com/watch?v=JRWMF4RDLx8

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

Wed, 09/21/2011 - 08:11 | 1691714 doomandbloom
doomandbloom's picture

Remain Calm!

Wed, 09/21/2011 - 08:15 | 1691728 GetZeeGold
GetZeeGold's picture

 

All is well........

http://www.youtube.com/watch?v=zDAmPIq29ro

 

 

Wed, 09/21/2011 - 08:13 | 1691720 ZeroPower
ZeroPower's picture

Anyone seen the main Lloyd's HQ in the City?

Questionable....to the say the least.

Wed, 09/21/2011 - 08:14 | 1691722 CitizenPete
CitizenPete's picture

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
Smiddywesson's picture

nm

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
westboundnup's picture

Is France a peripheral EU country?

Wed, 09/21/2011 - 08:18 | 1691747 GetZeeGold
GetZeeGold's picture

 

They all seem to be transitory countries.

 

Wed, 09/21/2011 - 08:15 | 1691729 HedgeFun
HedgeFun's picture

Can't they just buy an insurance policy against bank failure??

Wed, 09/21/2011 - 08:15 | 1691731 Fips_OnTheSpot
Fips_OnTheSpot's picture

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
FunkyMonkeyBoy's picture

It's at Fort Knox dummy.

Wed, 09/21/2011 - 08:21 | 1691762 AngryGerman
AngryGerman's picture

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
GetZeeGold's picture

 

Bloomberg just ran an article stating all the vaults are full......so buying physical is out of the question.....you 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
Fips_OnTheSpot's picture

On a ship sailing to Venezuela! ;-)

Wed, 09/21/2011 - 08:49 | 1691841 DosZap
DosZap's picture

AngryGerman

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 before............so, 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
Smiddywesson's picture

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
King_of_simpletons's picture

Bullish. 200+ on the DOW.

Wed, 09/21/2011 - 08:16 | 1691735 Chuck Walla
Chuck Walla's picture

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
falak pema's picture

Oligarchs at war...anglosaxon vs Eurolandish.

Bottom line : is Fofoa right?

Wed, 09/21/2011 - 08:17 | 1691739 AngryGerman
AngryGerman's picture

"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
misterc's picture

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
youngman's picture

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
AngryGerman's picture

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
PMakoi's picture

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
fdisk's picture

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
GeneMarchbanks's picture

Relax and BTFD.

Wed, 09/21/2011 - 08:23 | 1691766 msmith
msmith's picture
Looks like the EURUSD has decided to makes its move lower.  A bearish trend channel has been formed with downside price action  http://bit.ly/pe7pTO. This should impact equities negatively as well.
Wed, 09/21/2011 - 08:30 | 1691793 trampstamp
trampstamp's picture

technicals will not matter today. Big money will take advantage of volatility.

Wed, 09/21/2011 - 08:38 | 1691818 ZeroPoint
ZeroPoint's picture

Why haven't the plebs caught on yet and emptied their accounts?

Wed, 09/21/2011 - 08:54 | 1691868 buzzsaw99
buzzsaw99's picture

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
Georgesblog's picture

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.

 

http://georgesblogforum.wordpress.com/2011/09/16/the-four-money-questions-update-09-162011/

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