Inanna of Sumeria
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User ID: 485858 United States 10/06/2008 09:17 PM Report Abusive Post Report Copyright Violation | UK TELEGRAPH: We Risk Disintegration In Global Finance Within Days, Unless You Have Gold Bars [ link to www.telegraph.co.uk] SNIP Germany takes hot seat as Europe falls into the abyss We face extreme danger. Unless there is immediate intervention on every front by all the major powers acting in concert, we risk a disintegration of global finance within days. Nobody will be spared, unless they own gold bars. By Ambrose Evans-Pritchard Last Updated: 8:37PM BST 06 Oct 2008 Investors will learn today whether the Paulson bail-out - fattened to $850bn (£480bn) by Congress - can begin to halt the death spiral in the credit system. So far, the response looks terrible. Germany is now in the hot seat. The collapse of a rescue deal for Hypo Real Estate on Saturday threatens a €400bn (£311bn) bankruptcy that nearly matches the Lehman Brothers debacle for sheer scale. Chancellor Angela Merkel has been forced to pull her head out of the sand, guaranteeing all German savings, a day after she rebuked Ireland for doing much the same thing. Reality intrudes. During the past week, we have tipped over the edge, into the middle of the abyss. Systemic collapse is in full train. The Netherlands has just rushed through a second, more sweeping nationalisation of Fortis. Ireland and Greece have had to rescue all their banks. Iceland is facing an Argentine denouement. The US commercial paper market is closed. It shrank $95bn last week, and has lost $208bn in three weeks. The interbank lending market has seized up. There are almost no bids. It is a ghost market. Healthy companies cannot roll over debt. Some will have to sack staff today to stave off default. Last Edited by Account Deleted by User on 09/03/2011 01:25 PM |
Anonymous Coward User ID: 470675 United States 10/06/2008 09:19 PM Report Abusive Post Report Copyright Violation | Re: UK TELEGRAPH: We Risk Disintegration In Global Finance Within Days, Unless You Have Gold Bars hellz yeah, thats how I roll. |
Para Noid User ID: 488235 United States 10/06/2008 10:46 PM Report Abusive Post Report Copyright Violation | Re: UK TELEGRAPH: We Risk Disintegration In Global Finance Within Days, Unless You Have Gold Bars Intrest bearing fiat |requires| more money be created each year than the year before - add infinitum.
Come the year that they can't create more than last = GAME OVER.
_________________________GAME OVER_____________________ |
Free Store.
User ID: 151477 Canada 10/06/2008 10:56 PM Report Abusive Post Report Copyright Violation | Re: UK TELEGRAPH: We Risk Disintegration In Global Finance Within Days, Unless You Have Gold Bars I just can't see gold holding your portfolio as before The pyramid for those at the top and bottom are out of luck. Keep your gold and I'll keep my food Lol .................... |
Anonymous Coward User ID: 589794 United States 01/09/2009 09:15 PM Report Abusive Post Report Copyright Violation | Re: UK TELEGRAPH: We Risk Disintegration In Global Finance Within Days, Unless You Have Gold Bars 4 month old news ! |
Anonymous Coward User ID: 589790 New Zealand 01/09/2009 09:24 PM Report Abusive Post Report Copyright Violation | Re: UK TELEGRAPH: We Risk Disintegration In Global Finance Within Days, Unless You Have Gold Bars Iceland is facing an Argentine denouement.
Quoting: Inanna of Sumeriathis has already happened, shtf in Iceland have you been living out wilderness for 3 months? |
INANNA User ID: 583689 United States 01/09/2009 09:31 PM Report Abusive Post Report Copyright Violation | Re: UK TELEGRAPH: We Risk Disintegration In Global Finance Within Days, Unless You Have Gold Bars 4 month old news !
Quoting: Anonymous Coward 589794You've revived an old post from 10/6/08, look at the date arse. |