Reply to: How to cause a run on the banks

[Mich the Tester]

Earlier this week the head of the Orthodox Church in Cyprus said the euro was doomed and Cyprus would be better off going it alone.

Is this the Orthodox Church that runs banks in India and the US and is one of the world's biggest corporate investors?

Methinks the Archbishop should be listened to.

[doodab]

Earlier this week the head of the Orthodox Church in Cyprus said the euro was doomed and Cyprus would be better off going it alone.

The euro cannot last. I’m not saying that it will crumble tomorrow but with the brains that they have in Brussels, it is certain that it will not last in the long term, and the best thing is to think about how to escape it

[petergriffin]

I've been drilling [...] She [...]

Lucky bastard. What does she look like?

[DimPrawn]

I'm over qualified, what?

Actually, I've been drilling a senior recruiter from Sydney. She tells me in 5 years she expects the business to be dead. In house recruitment is taking all your business apparently.

Not Aussie Bob?

How's he doing since the big op?

[aussielong]

Ever thought of becoming a recruitment agent?

I'm over qualified, what?

Actually, I've been drilling a senior recruiter from Sydney. She tells me in 5 years she expects the business to be dead. In house recruitment is taking all your business apparently.

[DimPrawn]

Ever thought of becoming a recruitment agent?

No, he's overqualified.

[DodgyAgent]

I'm British, lower class, first generation educated. Scum really. Typical migrant.

Ever thought of becoming a recruitment agent?

[Doggy Styles]

I'm British...

In which case you got Rutherford before lunch, but it's not looking like a good insertion.

[aussielong]

How's your cricket team doing?

I'm British, lower class, first generation educated. Scum really. Typical migrant.

[DodgyAgent]

Nothing will happen. Even if all the physical cash was taken out- that's nothing compared to the loans the bank has. They might have a short term funding issue due to lack of new deposits, that will be quickly covered by the ECB for such small banks. In reality if you are a regular Cypriot worker how can you really avoid using the bank- to get paid, etc.

The markets are telling you what's going to happen. The EUR is not tanking.

Therefore the only money to be made here is by buying these bank stocks before Friday.

How's your cricket team doing?

[aussielong]

Keiser report

8 mins 12 secs


The shocking truth about Cyprus, and what they tried to do has hoovered any remaining trust out of the markets. Sadly it seems this is the next Lehmens. I'm certain there's more to it than meets the eye. One thing is for sure, it's 2008 all over again.

I wonder how our UK banks will fair this time.

Nothing will happen. Even if all the physical cash was taken out- that's nothing compared to the loans the bank has. They might have a short term funding issue due to lack of new deposits, that will be quickly covered by the ECB for such small banks. In reality if you are a regular Cypriot worker how can you really avoid using the bank- to get paid, etc.

The markets are telling you what's going to happen. The EUR is not tanking.

Therefore the only money to be made here is by buying these bank stocks before Friday.

[suityou01]

Keiser report

8 mins 12 secs

Financial markets rely on trust. They rely on capital. They rely on people participating and trusting each other not to rip each other off. So personally when I walk past Times Square and I see guys with there little setup, with 3 card monte I know I'm not going to win so I keep on walking

The shocking truth about Cyprus, and what they tried to do has hoovered any remaining trust out of the markets. Sadly it seems this is the next Lehmens. I'm certain there's more to it than meets the eye. One thing is for sure, it's 2008 all over again.

I wonder how our UK banks will fair this time.

[DodgyAgent]

And what exactly am I disillusioned about? I am a great believer in looking at outcomes and right now it seems to me that Germany has managed to render most of Europe as helpless. They are stuck with debt they cannot invest in infrastructure they cannot build new schools and upgrade Universities and they cannot use their poor economy to produce goods and services to compete with those of Germany. They are forced to stay with the Euro which happens to keep the Euro down in value leaving Germany holding all the cards.

Maybe a few Russian bailouts in the med may break the iron grip of German influence within the EU.

[darmstadt]

It was not meant to be anything other than what could happen. As for Russians in the med it may be good to counter the expansionist policies of the Germans

With a comment like that I can only conclude that you are like your avatar, sad, bitter and disillusioned

Cheer up:

[suityou01]

It was not meant to be anything other than what could happen. As for Russians in the med it may be good to counter the expansionist policies of the Germans

I rather think pushing these economies to the brink is all part of the expansionist policies of the Germans.