Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: GreaterSwiss
Do you expect them to leave proof? These are very experienced and clever banksters who have governments in their pockets.

Want some real fun? Wait for next week

11 posted on 05/09/2010 11:10:10 AM PDT by ninonitti
[ Post Reply | Private Reply | To 3 | View Replies ]


To: ninonitti

“Wait for next week”

You are correct. If the EU can not come up with something concrete to deal with Greece, many EU banks are exposed to Greek bonds. Right now there is a slow down in overnight lending amongst the EU banks. If no solution is established by the EU, then the process can freeze triggering a banking crisis similar to the one after Lehman Bros collapsed in 2008. Since US/Asian banks are globally connected to EU banks the crisis can spread. WORD OF ADVICE TO ALL FREEPERS - PULL ENOUGH CASH OUT OF YOUR SAVINGS TO COVER 1-2 WEEKS OF EXPENSE, JUST IN CASE A RUN ON US BANKS CAUSED BY EU CRISIS HAPPENS.


23 posted on 05/09/2010 11:36:56 AM PDT by Fee (Peace, prosperity, jobs and common sense)
[ Post Reply | Private Reply | To 11 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson