Gold record and bank crash

From Germany:

Gold record and bank crash
08/18/2011

World again burgeoning rumors of bank failures. In particular, the Institute Südschiene in sight. Stock market crash in bank shares worldwide. Gold record. - Should banks be nationalized?

Michael Mross

The psychological warfare against the Euro-zone on the U.S. side continues. Today, the Fed has deliberately spread rumors that well-known European banks are in great danger. In particular, the interbank market was threatening - like 2008 - to come to a standstill. The reports the Wall Street Journal.

That the banks are on the brink of Südschiene is nothing new. What is new is the alleged concern of the Fed moving with her ​​statement that there may be a global contagion, and they are worried about their own financial institutions. This threatened by an imbalance of the EU banking Südschiene also U.S. corporations to rip into the abyss.

So pour organs of the U.S. financial elite once again add fuel to the fire in the euro crisis. Of course this is nothing but an act of distraction - are still in pursuit of monetary system crisis in the U.S. alone so far over 400 banks went bankrupt - including even the largest institutions in the country. It is certainly not wrong to assume that the U.S. financial institutions also the water is up to his neck. Only one could cover up the seriousness of the situation better now.

In Europe today, the usual suspects are under fire. Price collapses in particular Italian and French banks. Even last week there were rumors of major bank scene, which of course was denied immediately.

Unfortunately, the experience of recent years is that all the rumors were eventually realized, in particular concerns about possible bankruptcy risk of banks. Thus there is reason to fear the worst.

In the end, nothing else is left but to nationalize the banks - the money system in a final act again to stay afloat. What then happens to the state's finances, one can easily imagine. A bankruptcy is likely to be inevitable - and then a currency reform should also be initiated.

These are the real reasons why gold rushes from record to record. Insiders of the monetary and banking system should be clear for a long time that there is no way out. They are the driving force behind the rising gold prices.

Compounding this situation worse, because in 2012, threatens a worldwide recession. Then the banks sit on their mountains of debt and the creditworthiness of borrowers will drop dramatically. Another nail in the coffin for the money houses. The sale of the stock exchanges in financial stocks is expected to accelerate so in the future.

Yep, that is what the Feds are doing, here is the article



Federal Reserve is worried about European banks (UPDATES)
U.S. markets plunge again. Here's what everyone is worried about now.
August 18, 2011 09:28

According to today's Wall Street Journal, the Federal Reserve is concerned that the euro zone debt crisis could "eventually hinder the ability of European banks to fund loans and meet other financial obligations in the U.S."

The New York Fed — the regulatory body responsible for overseeing European banks in the U.S. — has been scrutinizing the U.S. operations of Europe's troubled banks, the Journal reports. 

The Federal Reserve Bank of New York...recently has been holding extensive meetings with the lenders to gauge their vulnerability to escalating financial pressures. The Fed is demanding more information from the banks about whether they have reliable access to the funds needed to operate on a day-to-day basis in the U.S. and, in some cases, pushing the banks to overhaul their U.S. structures, the people familiar with the matter say.

Officials at the New York Fed "are very concerned" about European banks facing funding difficulties in the U.S., said a senior executive at a major European bank who has participated in the talks.

Regulators are seeking to avoid a repeat of the 2008 financial crisis, when the global financial system began to seize up. This time the worry is that the euro-zone debt crisis could eventually hinder the ability of European banks to fund loans and meet other financial obligations in the U.S. While signs of stress are bubbling up, the problems aren't yet approaching the severity of past crises.