Posted on 11/30/2011 5:06:44 PM PST by Nachum
Britain's banks have been told to prepare for the end of the Eurozone, it emerged today. City regulator the Financial Services Authority has told banks to ready themselves for armageddon by running "stress tests" on their balance sheets. FSA chief Hector Sants met the heads of Barclays, Satander, HSBC, Lloyds and RBS last week. News of the shock warning came as the world's biggest central banks today launched a desperate bid to save the global economy by flooding markets with cheaper cash.
(Excerpt) Read more at thesun.co.uk ...
Is The Sun the paper with all the half naked women? OK, I guess I’ll have to go there to read the rest of the story...
Yes, yes. I need to visit the Sun website for more... ah... research.
We need a game plan for citizens right here. I have seen nothing, Pretending it’s all a game.
The Long UnWinding is just about over.
Can someone explain why they would have access to “unlimited US dollars,” and how that affects us?
Thanks Santa.
5.56mm
Simple, Econ 101 when you increase the Dollar supply without increased demand you devalue the Dollar.
First Up Higher Gas Prices... (Oil Commodity Versus Dollar Value)
That Filters through the whole economy...
Welcome to the Obamanation!
And welcome to the plan all along!
They had a few points right up front there. Yes indeed.
But I was able to concentrate enough to bring this comment back:
“So do i have it right if households can borrow cheaper money this will solve the problem? was’nt it due to the U.S. banking industry giving money to households that could’nt afford it that started this worldwide economic meltdown? and they say we are in trouble now all i can say is brace yourself.”
Fed, global central banks move to boost financial system (Got Inflation?)
http://www.freerepublic.com/focus/f-news/2814015/posts
CD’s paying .000000019 % ain't what we need. Spending and borrowing ain't what we need!
Savings will drive investments, investments will drive capitalism, capitalism will drive jobs and growth!
LLS
That is what I thought, but then isn’t there the idea of having the increased demand for a particular currency?
Printing = devalue of the dollar here in the US...
But when demand for the dollar is up abroad...does that really equal inflation here at home or does it hedge against it?
Plus what happens when Europeans establish their new currency? If we fail to contract that money supply will we see inflation and collapse here?
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