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Steve,
It is with trepidation that I write to you....The Euro has collapsed unofficially. The money is OUT of Greece, Spain, Portugal, Ireland, Italy, France, Belgium and the German Elites have begun to shore up their wealth in hard assets and precious metals. RBS has given orders to close two of their major equities sectors, thousands of jobs are going to be lost the next few days/weeks. Credit Sussie has called on top investors to head to Swiss safe harbor and hard asset diversified portfolios.
The Capital Controls are in place to keep the charade of control going for the next four to six months before the official collapse. Steve...this is it. The Euro has collapsed and no one has noticed it. Greek bank runs are close to $3.5 Billion Euros per day not the $1 Billion that is being reported. The rest of the PIIGS are in the same boat. Bank Holiday imminent in all of continental Europe in the coming days and weeks. This is again theatrics to keep the plebeians believing in some semblance of control.
RBS has given orders to close two of their major equities sectors, thousands of jobs are going to be lost the next few days/weeks. ...
The Capital Controls are in place to keep the charade of control going for the next four to six months before the official collapse. ;;;
The rest of the PIIGS are in the same boat. Bank Holiday imminent in all of continental Europe in the coming days and weeks ...
Originally posted by St Udio
reply to post by Philippines
i think we should underscore certain parts of this dire & immediate 'threat statement' by a supposed Insider;
RBS has given orders to close two of their major equities sectors, thousands of jobs are going to be lost the next few days/weeks. ...
The Capital Controls are in place to keep the charade of control going for the next four to six months before the official collapse. ;;;
The rest of the PIIGS are in the same boat. Bank Holiday imminent in all of continental Europe in the coming days and weeks ...
the € is in demand over in Europe, likely because cash at ATMs will soon dry up as all the bank reserves of cash will be gone... whereas the physical USD is in demand in S America..(cash is king in this bank run stage)
what stands out to me is the time windows in the € (imminent) collapse...
i see the terms several weeks and 6 months or more in these sentences authored by V
so, this is just a panic phase to get cash.... the longer term idea would be to acquire hard assets (food, property. gold, etc)edit on 15-6-2012 by St Udio because: (no reason given)
www.abovetopsecret.com...
that thread tells us of the BOE intending to flood the banks with cash so that the ever increasing bank runs will subside,
edit on 15-6-2012 by St Udio because: (no reason given)