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Re: It's Over. European banks will shut their doors.

By: Decomposed in ROUND | Recommend this post (0)
Sat, 10 Sep 11 7:49 PM | 37 view(s)
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Msg. 34868 of 45651
(This msg. is a reply to 34866 by clo)

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clo,

re: "In comparison to Europe, what does this bode for us?"

It means that even in its demise, we continue financing Europe via the carry trade, and the money our government churns out won't spur growth here.

Think Japan.




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months




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The above is a reply to the following message:
Re: It's Over. European banks will shut their doors.
By: clo
in ROUND
Sat, 10 Sep 11 3:25 PM
Msg. 34866 of 45651

Decomp,

•German banks (and presumably French banks and all the other big banks too) are insolvent as they are carrying these bonds at wellabove their actual value in the marketplace. If the bonds were carried at the claimed "loss" values, which is quoted as 50%, then there would be no need to recapitalize them would there? This is an official statement of proof that the banks are lying about asset values and are in factinsolvent.

The US 10 year bond was 1.89% yesterday, a sixty year low. In comparison to Europe, what does this bode for us?
My friend in MA will refinance his mortgage at 4 1/8% & no points based on this. clo


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