"The problem is a shortage of liquidity that is what is causing the problems with the banks. It feels exactly as it felt in 2008," said one senior London-based bank executive. "I think we are heading for a market shock in September or October that will match anything we have ever seen before," said a senior credit banker at a major European bank. 28th august 2011 http://www.telegraph.co.uk/finance/...rash-could-hit-within-weeks-warn-bankers.html
I reckon this is true as well. Its only a matter of time........... the fundamentals of a strong world economy are just not there.
We just swapped them 3.5 Trillion USD and Bernanke will likely supply Europe with as many trillions of dollars as they need. Any bankster short on liquidity is either not connected or isn't sticking his/her hand out in the right direction. But if anyone is scared into selling their gold and silver, you should find many willing buyers on this site.
From the reaction of gold and silver to the shake out we've just had I doubt will see them sell off next time around.
"The problem is a shortage of liquidity that is what is causing the problems with the banks. It feels exactly as it felt in 2008," said one senior London-based bank executive. lol that is hilarious. Why would they think giving a bank a fraction of what they are righting off would improve liquidity. The only way this will ever end is to liquidate the debt, let these mongrels go bankrupt and start again from a more sound footing.
The banks need liquidity. I would love to see the banks with lots of it. 20,000 leagues under the sea's worth...
