What would a major Eurodollar crash look like?

[TonyGosling]

1. TRIGGER
- military incident?
Real WMD on city: nuclear weapon, chemical weapons, biological weapons
US aircraft carrier sunk -
TV pictures beamed around the world like 9/11 or 7/7

2. FINANCIAL CRASH
- stock markets very quick contagious collapse
Insider dealing - large amounts of money to be made at this point?
Have insiders put their money out of the casino, out of shares and cash into commodities and property?
Gold, Hong Kong property, Classic Cars, Fine Art Rare Coins Stamps, Fine wine, jewellery
Markets quickly suspended and banks close their doors - nowadays almost instantaneous
Cash points either quickly run out of cash or are simply closed by banks
Card transactions may be suspended too
You cannot get at your money - your savings for anything - food or for example to buy a large item such as a car insurance or tax etc
Government says don't panic- Corporal Jones

3. AFTER A FEW DAYS
- crucial will authorities get a grip?
positive + crucial point - what should government be doing?
Take over banks - Maximum daily withdrawal from cash points - national currency controls (best before the crash) - print and distribute cash to banks - - distribute food - overprints of Euronotes
negative - False flag escalation - panic - bad analysis - State of Emergency (war?) - Invasion of Iran?
Still no cash - looting, civil unrest, guns on the street, mob rule?
Bartering - sharing
Emergency Powers Act - Civil Contingencies Act

4 AFTER A FEW WEEKS
New currencies start forming: Bristol Pound - McDonalds Vouchers - food vouchers
Waves of bankruptcies as banks call in security
Mass lay offs - mass unemployment - most cannot pay rent or mortgage

5 MORE LONG TERM RECOVERY
Work with BRICS
Big building projects - employment
Socialist world until private businesses build back up again

6 TREASURY CANNOT SAY THEY DIDN'T HAVE A PLAN - WE JUST BROADCAST IT
http://bcfm.org.uk/2013/03/29/17/friday-drivetime-115/28225

[fish5133]

Herad a comment on radio about banks charging negative interest which would mean them doing what cyprus has tried to do and whittle away your savings.
Is your money safer just as a number in your account rather than a coin in your pocket?
If the pound in your pocket becomes relatively worthless does that mean that my mortgage as a number in the bank also becomes worthless?

[TonyGosling]

Banking crash scenarios for Euro & Dollar zone Oxford economist Martin Summers (2 parts)

part 1

Link

http://www.youtube.com/watch?v=fv6uJc5n_xQ

part 2

Link

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