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SILENT RUN ON UK BANKS REVEALED - $1 TRILLION

 
acolyte
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03/09/2009 03:04 AM
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SILENT RUN ON UK BANKS REVEALED - $1 TRILLION
[link to www.independent.co.uk]

‘Run on UK’ Sees Foreign Investors Pull $1 Trillion Out of the City
Published on 03-08-2009

Banking crisis undermines Britain's reputation as a safe place to hold funds

A silent $1 trillion "Run on Britain" by foreign investors was revealed yesterday in the latest statistical releases from the Bank of England. The external liabilities of banks operating in the UK – that is monies held in the UK on behalf of foreign investors – fell by $1 trillion (£700bn) between the spring and the end of 2008, representing a huge loss of funds and of confidence in the City of London.

Some $597.5bn was lost to the banks in the last quarter of last year alone, after a modest positive inflow in the summer, but a massive $682.5bn haemorrhaged in the second quarter of 2008 – a record. About 15 per cent of the monies held by foreigners in the UK were withdrawn over the period, leaving about $6 trillion. This is by far the largest withdrawal of foreign funds from the UK in recent decades – about 10 times what might flow out during a "normal" quarter.

The revelation will fuel fears that the UK's reputation as a safe place to hold funds is being fatally compromised by the acute crisis in the banking system and a general trend to financial protectionism internationally.

This week, Lloyds became the latest bank to approach the Government for more assistance. A deal was agreed last night for the Government to insure about £260bn of assets in return for a stake of up to 75 per cent in the bank. The slide in sterling – it has shed a quarter of its value since mid-2007 – has been both cause and effect of the run on London, seemingly becoming a self-fulfilling phenomenon. The danger is that the heavy depreciation of the pound could become a rout if confidence completely evaporates.

Colin Ellis, an economist at Daiwa Securities, commented: "The outflow of overseas banks' UK holdings is not surprising – indeed foreign investors in general will still be smarting from the sharp fall in the exchange rate last year, as many UK liabilities are priced in sterling terms. That raises the question of what could possibly tempt overseas investors to return to the UK. Further heavy outflows of funds are probably a given."

The Bank of England said that there had been a large fall in deposits from the United States, Switzerland, offshore centres such as Jersey and the Cayman Islands, and from Russia.

Paranoia that the UK could follow Iceland into effective national insolvency and jibes about "Reykjavik on Thames" will find an unwelcome substantiation in these statistics – which also show that stricken British banks are having to repatriate similar sums back to Britain. This is scant consolation for the authorities, however, as it means the UK and sterling are, like some emerging markets and currencies, suffering from a flight of capital. By contrast some financial centres and currencies – notably the US dollar and the Swiss franc – are enjoying a boost as "safe havens" in a troubled world.

The sudden international trend towards financial deglobalisation and the flight of money to "home" bases has nonetheless been dramatic. The Prime Minister has already warned about this drift to "financial protectionism" – even though UK banks brought back almost $600bn in the last months of 2008, as they attempted to repair fragile balance sheets. Mr Ellis added: "These data are consistent with UK banks reducing their overseas holdings, at the same time as overseas banks scale back their presence in the UK. That is not surprising, given that governments around the world are having to prop up their banking sectors, and in turn demanding that national institutions focus on domestic markets. But it does run the risk of being financial protectionism by the back door."

Investment from the West into developing countries has fallen from the level of about $1 trillion a year seen earlier this decade to about $150bn last year. Economies in eastern Europe such as Hungary and the Baltic republics, some in Asia such as Pakistan and developed nations such as Iceland have been severely hit by the collapse in foreign investment.

Like Iceland, the UK has an unusually large banking sector in relation to her national income, with liabilities four times GDP. Should the UK taxpayer have to assume these debts it will represent, in relation to GDP, about double the national debt the nation bore at the end of the Second World War, a near unsustainable burden.
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Anonymous Coward
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03/09/2009 03:14 AM
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Re: SILENT RUN ON UK BANKS REVEALED - $1 TRILLION
someone has tried 2 runs on the banking system in the past few months (likely Israel)
which has brought us to the brink-Treasury has shut it down JIT
Anonymous Coward
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03/09/2009 03:19 AM
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Re: SILENT RUN ON UK BANKS REVEALED - $1 TRILLION
The super rich who are on the inside will quietly withdraw their money. When everybody else realizes what's happening, it will all be gone.
Anonymous Coward
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03/09/2009 03:22 AM
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Re: SILENT RUN ON UK BANKS REVEALED - $1 TRILLION
muslims are not required to prop up systems based on usury
why should they?
khnum
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Australia
03/09/2009 03:31 AM
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Re: SILENT RUN ON UK BANKS REVEALED - $1 TRILLION
How much ended up in Israel?
Anonymous Coward
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03/09/2009 03:51 AM
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Re: SILENT RUN ON UK BANKS REVEALED - $1 TRILLION
This is all palnned by the global elitists. Stand up now or they will watch you starve soon.
bed
i will find you in the internment

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03/09/2009 05:47 AM

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Re: SILENT RUN ON UK BANKS REVEALED - $1 TRILLION
They did it here too. Global cya financial mentality.


Got wheat?
anonymous
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03/09/2009 05:51 AM
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Re: SILENT RUN ON UK BANKS REVEALED - $1 TRILLION
the money went to off shore shadow Banks .
Anonymous Coward
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03/09/2009 05:52 AM
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Re: SILENT RUN ON UK BANKS REVEALED - $1 TRILLION
These runs are coming from the money powers. We hear about them days or weeks after the event. It's a magic shadow show designed to flerk us over by less than one percent of the flercking population that controls the other 99% who as a general rule have no flercking flercking idea that every time they leave one dollar with flerkers like the blankster flerkers, Nine flerking $$$$$$'s is created out of thin flerking ponzi Zio Scam Brenton Woods flerking agreement from whatever year is going to eventually FLERCK each and everyone of us.

We need to flerking Fix this.

Let's not riot ... Let's just FLERCK 'UM!
Anonymous Coward
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United Kingdom
03/09/2009 06:05 AM
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Re: SILENT RUN ON UK BANKS REVEALED - $1 TRILLION
The pound will collapse and the UK will join the Euro

(just as planned)




btw


pound = doomed

dollar = doomed

The Euro = the future

The Amero = the future
Anonymous Coward
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03/09/2009 06:05 AM
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Re: SILENT RUN ON UK BANKS REVEALED - $1 TRILLION
Let's not riot ... Let's just FLERCK 'UM!


errr ... disclaimer! Let's just 'flerck' them up and I have no desire for intercourse with them flerkers. ;-]
Anonymous Coward
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03/09/2009 06:06 AM
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Re: SILENT RUN ON UK BANKS REVEALED - $1 TRILLION
These runs are coming from the money powers. We hear about them days or weeks after the event. It's a magic shadow show designed to flerk us over by less than one percent of the flercking population that controls the other 99% who as a general rule have no flercking flercking idea that every time they leave one dollar with flerkers like the blankster flerkers, Nine flerking $$$$$$'s is created out of thin flerking ponzi Zio Scam Brenton Woods flerking agreement from whatever year is going to eventually FLERCK each and everyone of us.

We need to flerking Fix this.

Let's not riot ... Let's just FLERCK 'UM!
 Quoting: Anonymous Coward 630969



The money powers is a vague notion. Who exactly? It's not as if some evil mastermind is hiding in the shadows, stroking his white cat, and telling someone he wants 1 trillion dollars out of the UK. It has to be done through some financial institution. The only thing is, I don't know of any institution(s), except for governments, that has 1 trillion. This is the third bankrun. All told, we're talking around 2 trillion dollars. And it's not as if this money can go into someone's mattress. Where's it going to? Money doesn't just disappear.
Anonymous Coward
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United Kingdom
03/09/2009 06:09 AM
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Re: SILENT RUN ON UK BANKS REVEALED - $1 TRILLION
The pound will collapse and the UK will join the Euro

(just as planned)




btw


pound = doomed

dollar = doomed

The Euro = the future

The Amero = the future


 Quoting: Anonymous Coward 271053


when the Jews return to Zion,a comet rips the sky,the roman empire rises,many will die,many will die,many will die!
Anonymous Coward
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United Kingdom
03/09/2009 06:11 AM
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Re: SILENT RUN ON UK BANKS REVEALED - $1 TRILLION
It's not as if some evil mastermind is hiding in the shadows, stroking his white cat, and telling someone he wants 1 trillion dollars out of the UK.

 Quoting: Anonymous Coward 630976


there is some evil mastermind in the shadows never spoken of by the mainstream media,i dont know if they have a white cat but they exist IMO
Anonymous Coward
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03/09/2009 06:33 AM
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Re: SILENT RUN ON UK BANKS REVEALED - $1 TRILLION
It's not as if some evil mastermind is hiding in the shadows, stroking his white cat, and telling someone he wants 1 trillion dollars out of the UK.



there is some evil mastermind in the shadows never spoken of by the mainstream media
 Quoting: Anonymous Coward 271053


Oh really? What's the name?
Anonymous Coward
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Australia
03/09/2009 06:44 AM
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Re: SILENT RUN ON UK BANKS REVEALED - $1 TRILLION
These runs are coming from the money powers. We hear about them days or weeks after the event. It's a magic shadow show designed to flerk us over by less than one percent of the flercking population that controls the other 99% who as a general rule have no flercking flercking idea that every time they leave one dollar with flerkers like the blankster flerkers, Nine flerking $$$$$$'s is created out of thin flerking ponzi Zio Scam Brenton Woods flerking agreement from whatever year is going to eventually FLERCK each and everyone of us.

We need to flerking Fix this.

Let's not riot ... Let's just FLERCK 'UM!



The money powers is a vague notion. Who exactly? It's not as if some evil mastermind is hiding in the shadows, stroking his white cat, and telling someone he wants 1 trillion dollars out of the UK. It has to be done through some financial institution. The only thing is, I don't know of any institution(s), except for governments, that has 1 trillion. This is the third bankrun. All told, we're talking around 2 trillion dollars. And it's not as if this money can go into someone's mattress. Where's it going to? Money doesn't just disappear.
 Quoting: Anonymous Coward 630976


It's a "vague" notion only for those not up to speed.

All told a figure of a mere 2 TRILLION will seem like a mere trifle when all is revealed.

I am as bambozaled [sp] as anyone as to the missing Tssss but one thing for sure ...... I'm think'n "The One Hundredth Monkey" theory is a put out by the 1% ruling elite as a kind of Miasma - a false hope, one of us billions will awake one day with a magic number - let's do Douglas Adams and say 42.

Somehow, ridiculously I have a strange confidence we will get through this and No I'm not a Christian 'child'. But I like traveling with a towel and "the above all else, don't Panic" line is comforting.

Our metal in the coming days will surely be tested.

The best thing I thought of lately was a message to self.

"Be good to your neighbor"
Nailer45

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03/09/2009 06:46 AM
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Re: SILENT RUN ON UK BANKS REVEALED - $1 TRILLION
UNOFFICIAL Troubled Bank List, 243 listed


[link to bankimplode.com]
Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny.
Thomas Jefferson
Anonymous Coward
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03/09/2009 07:00 AM
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Re: SILENT RUN ON UK BANKS REVEALED - $1 TRILLION
So where are they putting the money? I realize England will soon be Iceland, but is anyplace safe? Are the super rich buying really huge mattresses?
Anonymous Coward
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03/09/2009 07:07 AM
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Re: SILENT RUN ON UK BANKS REVEALED - $1 TRILLION
These runs are coming from the money powers. We hear about them days or weeks after the event. It's a magic shadow show designed to flerk us over by less than one percent of the flercking population that controls the other 99% who as a general rule have no flercking flercking idea that every time they leave one dollar with flerkers like the blankster flerkers, Nine flerking $$$$$$'s is created out of thin flerking ponzi Zio Scam Brenton Woods flerking agreement from whatever year is going to eventually FLERCK each and everyone of us.

We need to flerking Fix this.

Let's not riot ... Let's just FLERCK 'UM!



The money powers is a vague notion. Who exactly? It's not as if some evil mastermind is hiding in the shadows, stroking his white cat, and telling someone he wants 1 trillion dollars out of the UK. It has to be done through some financial institution. The only thing is, I don't know of any institution(s), except for governments, that has 1 trillion. This is the third bankrun. All told, we're talking around 2 trillion dollars. And it's not as if this money can go into someone's mattress. Where's it going to? Money doesn't just disappear.
 Quoting: Anonymous Coward 630976


DEUTSCHE BANK is it.











DEUTSCHE BANK = BushCo Cabal.











BushCo is stealing every last cent from every nation all around the world. It is the coming of the AntiChrist, peeps...








PREPARE.









Got food, guns in stash? You better or you are going to be TOAST.
Anonymous Coward
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03/09/2009 08:35 AM
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Re: SILENT RUN ON UK BANKS REVEALED - $1 TRILLION
[link to www.youtube.com]

silent running
Anonymous Coward
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03/09/2009 09:45 AM
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Re: SILENT RUN ON UK BANKS REVEALED - $1 TRILLION
I thought about taking my meager savings out of the bank, but there is no point, unless you can buy gold with your money, its going to loose its value wether its in a save at your home or in a computer file at the bank. Actually leaving the money in the bank helps the bank and stops it from going bankrupt, so to pull your money is stupid unless you plan on converting it to gold.
Anonymous Coward
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United Kingdom
03/09/2009 09:48 AM
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Re: SILENT RUN ON UK BANKS REVEALED - $1 TRILLION
US brits dont have guns, unless its specifically for hunting.
You Americans take your gun ownership for granted, England is not like that, we are not really a gun culture apart from the CRIMINALS.
Anyway, i think out on the streets in a survial situation, a rambo style compound bow, would be superior, because you can make your own ammo, and a good hunting knife is also useful in more ways than a gun.
Anonymous Coward
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United Kingdom
03/09/2009 09:50 AM
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Re: SILENT RUN ON UK BANKS REVEALED - $1 TRILLION
It's not as if some evil mastermind is hiding in the shadows, stroking his white cat, and telling someone he wants 1 trillion dollars out of the UK.



there is some evil mastermind in the shadows never spoken of by the mainstream media


Oh really? What's the name?
 Quoting: Anonymous Coward 630976


Lucifer/Satan I suspect he is incarnated on earth within one of the 13 elite bloodlines.
Anonymous Coward
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03/09/2009 09:53 AM
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Re: SILENT RUN ON UK BANKS REVEALED - $1 TRILLION
like Voldemort in Harry potter?

Satan. lol
Anonymous Coward
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03/09/2009 09:53 AM
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Re: SILENT RUN ON UK BANKS REVEALED - $1 TRILLION
like Voldemort in Harry potter?

Satan. lol
Anonymous Coward
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United Kingdom
03/09/2009 09:54 AM
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Re: SILENT RUN ON UK BANKS REVEALED - $1 TRILLION
I thought about taking my meager savings out of the bank, but there is no point, unless you can buy gold with your money, its going to loose its value wether its in a save at your home or in a computer file at the bank. Actually leaving the money in the bank helps the bank and stops it from going bankrupt, so to pull your money is stupid unless you plan on converting it to gold.
 Quoting: Anonymous Coward 627108


I'm pondering on cashing my isa in but gold or Euro that's the question or what about stock market it's a nightmare, gold is very high stocks may not have bottomed out yet and Euro may get devalued.
Frater EC

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03/09/2009 10:00 AM
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Re: SILENT RUN ON UK BANKS REVEALED - $1 TRILLION
The pound will collapse and the UK will join the Euro

(just as planned)




btw


pound = doomed

dollar = doomed

The Euro = the future

The Amero = the future
 Quoting: Anonymous Coward 271053



Nope, Central world bank credits.
Euro and Amero and Asero could be currency that looks different but all pegged to the same value and freely interchangeable.
LVX!
Anonymous Coward
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03/09/2009 11:18 AM
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Re: SILENT RUN ON UK BANKS REVEALED - $1 TRILLION
someone has tried 2 runs on the banking system in the past few months (likely Israel)
which has brought us to the brink-Treasury has shut it down JIT
 Quoting: Anonymous Coward 629562


ya if its EVIL, then Isreal probably is involved.
Anonymous Coward
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03/09/2009 12:18 PM
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Re: SILENT RUN ON UK BANKS REVEALED - $1 TRILLION
UNOFFICIAL Troubled Bank List, 243 listed


[link to bankimplode.com]
 Quoting: Nailer45



That's an old list...there are some in the Orange there that have already failed.
Anonymous Coward
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03/09/2009 12:36 PM
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Re: SILENT RUN ON UK BANKS REVEALED - $1 TRILLION
OMFG! It's over....I don't think it's hit home yet to the western world....

we are still smiling like a geeky teen...laughing at our crashing 401k's...

this financial boomerang is inches away from total slice, and we don't even have our hands up, we're not even looking in the direction of the blade.
Anonymous Coward
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03/09/2009 12:39 PM
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Re: SILENT RUN ON UK BANKS REVEALED - $1 TRILLION
It's going to be a sound like

"swish...thud"...as our head hits the ground.

Argentina 2006 might look tame...





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