insidejob
Validated Poster
Joined: 14 Dec 2005
Posts: 475
Location: North London
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 Posted: Mon Jan 04, 2016 11:56 am Post subject: Financial crash starts January 2016? |
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http://www.larouchepub.com/pr/2015/151230_zombie_banks.html
‘Zombie Banks’ to Bring Mass Death to Human Beings in Europe and America
| Quote: | …The chaos started days early, on Dec. 30, when Portugal’s Novo Banco, the already bailed-out "good bank" remains of the entire collapsed Espirito Santo Banking Group, was found 1.4 billion euros short of capital, and the government expropriated that amount from the bank’s bondholders to "recapitalize" it. Instantly, the remaining bondholders "ran" on the bank; the value of Novo Banco?s bonds fell from 94 cents on the dollar in the morning, to 14 cents in the afternoon…
…The financial site ValueWalk posted "The Catastrophic Threat of Bail-In" Dec. 30. "The term ‘bail-in’ describes a scenario in which a bank confiscates private property to indemnify itself for losses it has suffered," the article explains. "A bail-in is a totally lawless theft of assets."…
…This lawlessness, now about to be unleashed throughout the trans-Atlantic economies, will wreak mass impoverishment and death on their inhabitants. The really deadly zombies will walk from Wall Street and the City of London, unless they are shut down… |
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