Europe: Bankrun on 7th December 2010

Discussion in 'Economics' started by bearice, Oct 30, 2010.

  1. 'French activists call for a Europe-wide and joint account termination on 7 December 2010. "Everyone should get his money from the account." What does this protest?

    In France the last few weeks has been enough protest. Since demonstrating in the street have brought us nothing we understand that the real power lies in the hands of international banks and corporations. All citizens of the country resolve your accounts in cash. The activists suggest, one can first put the money in a suitcase or invest it in a social bank.

    So far 7000 people have signed up.'
  2. On Thursday (Sept 18), at 11am the Federal Reserve noticed a tremendous draw-down of money market accounts in the U.S., to the tune of $550 billion was being drawn out in the matter of an hour or two. The Treasury opened up its window to help and pumped a $105 billion in the system and quickly realized that they could not stem the tide. We were having an electronic run on the banks. They decided to close the operation, close down the money accounts and announce a guarantee of $250,000 per account so there wouldn't be further panic out there.

    If they had not done that, their estimation is that by 2pm that afternoon, $5.5 trillion would have been drawn out of the money market system of the U.S., would have collapsed the entire economy of the U.S., and within 24 hours the world economy would have collapsed. It would have been the end of our economic system and our political system as we know it.
  3. only 7000, so little
  4. All these people that signed up are college kids with less than 20 euros in the bank. I think the banks can handle it.
  5. S2007S



    This is just a joke right???
  6. 9999


    David Icke??
    Is this the same guy who wrote a book some years ago depicting the Queen of England and Bush sr as reptilians?
  7. Relax, relax, most of the funds pulled off money market accounts went to the stock market rally the Friday and Monday that followed.

    You are talking about 09/18/2009, you missed the year.
  8. 9999


  9. #10     Nov 1, 2010