Skip to comments.Banks Face $3.6 Trillion 'Wall' of Debt: IMF
Posted on 04/14/2011 10:09:47 AM PDT by Dubya-M-DeesWent2SyriaStupid!
The world's banks face a $3.6 trillion "wall of maturing debt" in the next two years and must compete with debt-laden governments to secure financing, the IMF warned on Wednesday.
Many European banks need bigger capital cushions to restore market confidence and assure they can borrow, and some weak players will need to be closed, the International Monetary Fund said in its Global Financial Stability Report.
(Excerpt) Read more at cnbc.com ...
No wonder banking fees are getting ridiculous. Does any one know what the voted resolution was on charging per debit card usage?
Exactly. We may all have to march in peaceful protest until Obama resigns.
US banks built up capital buffers in 2009, when regulators completed a set of stress tests that revealed some large holes.
It said government debt was generally high and on a worrying upward path in many advanced economies.
It repeated its warning that the United States and Japan faced particularly dangerous debt dynamics.
Humpty Dumpty Savings and Loans.
The Day The Dollar Died
The sheer number of zeros tells you that is never going to get repaid. Better start work on Plan B.
A “blovel” (blog novel) by John Galt in Florida about the day the dollar died. A good read IMHO.
Clark Howard said today quit buying gold it will be worthless when Obama and his commiecrats trash the dollar and to stock up on water,canned goods and a gun. Survivalist cabin in the woods.
Thanks bookmarked it FLR.
I can't remember who said it, but about a year ago, a former female member of BJ Clinton's administration (not a top person, but up there) said that if we have a total collapse, the US Govt will just do what FDR did in 1933.
Make ownership of gold illegal. Impose a 10 year prison term (mandatory) for noncompliance. Impose a US only "buy back" price that the Govt sets. After gold is turned in en mass, tell the country the price is back to what the world says it is. Tax the hell out of any gains (anyone) made before the US confiscated it, and impose a 10 year prison sentence for anyone trying to avoid it.
Remember, this does not even HAVE TO PASS CONGRESS! The last time it was done, it was an "Executive Order." Now, Obama wouldn't do THAT, would he?
In 1933 (when FDR and the Fed stole everyone's gold), they paid something like $25 an ounce, and then once they had what people were going to give up raised the price artificially to something like $35 an ounce. Not sure how they get away with this today, but I guess anything is possible in the middle of food riots, hyperinflation, Martial Law, and a police state.
Any gold (or possibly silver) that you own in a safe deposit box is not safe (she said this). The Govt can force the banks to open them all up and turn it in with a "receipt" to you. Any gold or silver you have in basement safe would automatically make you a 10 year felon. Think about that for a second. Any gold or silver "paper" ownership you own would be almost worthless.
fool me once shame on them, fool me twice shame on me...this time around I suspect that a lot of lead and brass will be expended to prevent the confiscation of gold..
Scary, isn't it?
And you can bet that Soro’s et al and rich turbin wearing kings will become infinityaires.
It's funny, I don't know what would happen this time around. I suspect there would vast, vast swarms of Americans who would just dutifully comply (like last time).
I know this - Obama and his goons are looking for a desperate situation in order to make their move. Watch out.....carefully.