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Breaking ! Tyler Durden's picture The Corporate Bank Run Has Started: Siemens Pulls €500 Million From A French Bank, Redeposits Direct With ECB

 
GodFrequency
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Breaking ! Tyler Durden's picture The Corporate Bank Run Has Started: Siemens Pulls €500 Million From A French Bank, Redeposits Direct With ECB
zerohedge alert !

zerohedge :"In a shocking representation of just how bad things are in Europe, the FT reports that major European industrial concern Siemens, pulled €500 million form a large French bank, which is not BNP and leaves just [SocGen|Credit Agricole] and deposited the money straight to the ECB. The implications of this are beyond stunning, as it means that even European companies now refuse to work directly with their own banks, and somehow the ECB has become a direct lender of only resort to private non-financial institutions! "

[link to www.zerohedge.com]

Last Edited by GodFrequency on 09/19/2011 04:24 PM
GodFrequency (OP)

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Re: Breaking ! Tyler Durden's picture The Corporate Bank Run Has Started: Siemens Pulls €500 Million From A French Bank, Redeposits Direct With ECB
Might want to pin this one. This could be the start of the end.bump

Last Edited by GodFrequency on 09/19/2011 04:21 PM
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Re: Breaking ! Tyler Durden's picture The Corporate Bank Run Has Started: Siemens Pulls €500 Million From A French Bank, Redeposits Direct With ECB
buh-bye euro
GodFrequency (OP)

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Re: Breaking ! Tyler Durden's picture The Corporate Bank Run Has Started: Siemens Pulls €500 Million From A French Bank, Redeposits Direct With ECB
bumpbumpbump

um guys, huh um, you guys, um well you might want to pin this one. Maybe? anyhow, just thought the bank run, & collapse might be important. anyway, just thought.
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09/19/2011 04:26 PM
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Re: Breaking ! Tyler Durden's picture The Corporate Bank Run Has Started: Siemens Pulls €500 Million From A French Bank, Redeposits Direct With ECB
zerohedge alert !

zerohedge :"In a shocking representation of just how bad things are in Europe, the FT reports that major European industrial concern Siemens, pulled €500 million form a large French bank, which is not BNP and leaves just [SocGen|Credit Agricole] and deposited the money straight to the ECB. The implications of this are beyond stunning, as it means that even European companies now refuse to work directly with their own banks, and somehow the ECB has become a direct lender of only resort to private non-financial institutions! "

[link to www.zerohedge.com]
 Quoting: GodFrequency


bump
"Thou we are not now that strength which in old days moved earth and heaven that which we are, we are.
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GodFrequency (OP)

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Re: Breaking ! Tyler Durden's picture The Corporate Bank Run Has Started: Siemens Pulls €500 Million From A French Bank, Redeposits Direct With ECB
over seventy views, and I'm the only one that suggested a pin? Wow.

Oh well, back to sleep again.

You guys can decide if this gets pinned or not, I have to get back to work.

Last Edited by GodFrequency on 09/19/2011 04:31 PM
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Re: Breaking ! Tyler Durden's picture The Corporate Bank Run Has Started: Siemens Pulls €500 Million From A French Bank, Redeposits Direct With ECB
um guys, might be important.
 Quoting: GodFrequency





chuckle




bump
YaRight

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Re: Breaking ! Tyler Durden's picture The Corporate Bank Run Has Started: Siemens Pulls €500 Million From A French Bank, Redeposits Direct With ECB
I hit the pin button

But I dont think this is the big one.... but yes worth a read...thanks OP
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Re: Breaking ! Tyler Durden's picture The Corporate Bank Run Has Started: Siemens Pulls €500 Million From A French Bank, Redeposits Direct With ECB
Wake me when it happens. I'm suffering from crash alert fatigue.
Anonymous Coward
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Re: Breaking ! Tyler Durden's picture The Corporate Bank Run Has Started: Siemens Pulls €500 Million From A French Bank, Redeposits Direct With ECB
I dont understand the semantics, but im still bumping

bump
GodFrequency (OP)

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Re: Breaking ! Tyler Durden's picture The Corporate Bank Run Has Started: Siemens Pulls €500 Million From A French Bank, Redeposits Direct With ECB
One might think that now is the last chance to stock up before the end.
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Re: Breaking ! Tyler Durden's picture The Corporate Bank Run Has Started: Siemens Pulls €500 Million From A French Bank, Redeposits Direct With ECB
Telegraph
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Re: Breaking ! Tyler Durden's picture The Corporate Bank Run Has Started: Siemens Pulls €500 Million From A French Bank, Redeposits Direct With ECB
dynamite
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Re: Breaking ! Tyler Durden's picture The Corporate Bank Run Has Started: Siemens Pulls €500 Million From A French Bank, Redeposits Direct With ECB
zerohedge alert !

zerohedge :"In a shocking representation of just how bad things are in Europe, the FT reports that major European industrial concern Siemens, pulled €500 million form a large French bank, which is not BNP and leaves just [SocGen|Credit Agricole] and deposited the money straight to the ECB. The implications of this are beyond stunning, as it means that even European companies now refuse to work directly with their own banks, and somehow the ECB has become a direct lender of only resort to private non-financial institutions! "

[link to www.zerohedge.com]
 Quoting: GodFrequency


Confirmation for you OP:

Siemens shelters cash at ECB

[link to www.ft.com]

BTW, Siemens also just yesterday announced that they are quitting the nuclear energy business "to focus on other technologies".

[link to abcnews.go.com]

Do you think there is any connection between the two days' actions?

Did Siemens simply need to hold their funds more securely because they are going through a major corporate change (embarking in a new energy technology direction)?

Last Edited by Biochemky on 09/19/2011 05:48 PM
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Re: Breaking ! Tyler Durden's picture The Corporate Bank Run Has Started: Siemens Pulls €500 Million From A French Bank, Redeposits Direct With ECB
you g.f. that this information is important and probably even pin-worthy, however it is going to be a slow demise until the people make something happen as the governments/central banks are all in on this scam and they want to make it last as long as possible to allow them to prepare and extract as much wealth as they can from the sheeple, so again it is great news but....

and for the record, those of us who have been paying attention, have been preparing for some time now :)
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Re: Breaking ! Tyler Durden's picture The Corporate Bank Run Has Started: Siemens Pulls €500 Million From A French Bank, Redeposits Direct With ECB
BTW, did you see THIS thread from early this morning?

Thread: Central Banks Net Buyers of Gold for 1st Time in 20 Years
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09/19/2011 06:00 PM
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Re: Breaking ! Tyler Durden's picture The Corporate Bank Run Has Started: Siemens Pulls €500 Million From A French Bank, Redeposits Direct With ECB
zerohedge alert !

zerohedge :"In a shocking representation of just how bad things are in Europe, the FT reports that major European industrial concern Siemens, pulled €500 million form a large French bank, which is not BNP and leaves just [SocGen|Credit Agricole] and deposited the money straight to the ECB. The implications of this are beyond stunning, as it means that even European companies now refuse to work directly with their own banks, and somehow the ECB has become a direct lender of only resort to private non-financial institutions! "

[link to www.zerohedge.com]
 Quoting: GodFrequency


This means they are shielding against a PIIGS default and they might let some of them go their merry way.
This means Euro is here to stay. They averted the euro collapse crisis which it was due to not having a vehicle which through crisis would be averted. Now it is slowly gaining momentum and picking up gear, but only in their own sweet time, as this is...well it is Europe.

BTW thanks for the dollars.

You ain't the top dog of the world anymore Murka buh bye.
Never trust any bank
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Re: Breaking ! Tyler Durden's picture The Corporate Bank Run Has Started: Siemens Pulls €500 Million From A French Bank, Redeposits Direct With ECB
Would you trust the European Central Bank(ECB)?

Why would the money be safer there?

ECB is just the L size of corporate, bloodsucking banks.
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Re: Breaking ! Tyler Durden's picture The Corporate Bank Run Has Started: Siemens Pulls €500 Million From A French Bank, Redeposits Direct With ECB
Wake me when it happens. I'm suffering from crash alert fatigue.
 Quoting: Sky Pilot


Me too.

I can't even read anything on zh anymore, or anything by that guy at Socgen, or Roubini or any other perma-bears.
AuthorAuthor

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Re: Breaking ! Tyler Durden's picture The Corporate Bank Run Has Started: Siemens Pulls €500 Million From A French Bank, Redeposits Direct With ECB
Would you trust the European Central Bank(ECB)?

Why would the money be safer there?

ECB is just the L size of corporate, bloodsucking banks.
 Quoting: Never trust any bank 1398670


The question isn't whether the ECB is a blood sucking bank or not. Of course it is.

The news is that the bank that had 500 million Euros plucked from it might feel a chill, such that it causes a reaction.
Seymour Brenner's, MD, FACR, opinion regarding Dr. Emanuel Revici: "As a Diplomate of Radiology, I have reviewed many cases of incurable cancer that Revici has cured."
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Re: Breaking ! Tyler Durden's picture The Corporate Bank Run Has Started: Siemens Pulls €500 Million From A French Bank, Redeposits Direct With ECB
lol tylur mental hes never been right what once in 5 years?
Hes probably playing some pump and dump game with Siemens.
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09/19/2011 06:23 PM
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Re: Breaking ! Tyler Durden's picture The Corporate Bank Run Has Started: Siemens Pulls €500 Million From A French Bank, Redeposits Direct With ECB
After ALL, we are ONLY taking about FIAT MONEY; Worthless pieces of paper, with pretty pictures and FAKE numbers attached to each. ONLY used by the masses as their governments Still control the military, the printinting presses AND the propaganda machines, called the MEDIA !

BUT, could be a start to the total unraveling, IMHO !

Eagle
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Re: Breaking ! Tyler Durden's picture The Corporate Bank Run Has Started: Siemens Pulls €500 Million From A French Bank, Redeposits Direct With ECB
Zerohedge links to the Financial Times, which lists $6 billion parked at the ECB.

Wonder what the leverage ratio at the French Bank is these days?
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Re: Breaking ! Tyler Durden's picture The Corporate Bank Run Has Started: Siemens Pulls €500 Million From A French Bank, Redeposits Direct With ECB
AWsome - I am a general contractor who has not worked in about 8 months...

This last month I just completed a bunch of work for Siemens Energy!

:) I would expext payment in my next lifetime.

Thanks for cheerng me up
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09/19/2011 06:39 PM
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Re: Breaking ! Tyler Durden's picture The Corporate Bank Run Has Started: Siemens Pulls €500 Million From A French Bank, Redeposits Direct With ECB
THIS IS HUGE! THIS IS HUGE!!!
THIS IS HUGE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Whoa - three REALLY fucked things going on here!!!

1.) Siemens could not trust a major bank in France...so, it pulled its money out of the bank.

2.) Siemens did not trust SIEMENS BANK to store the 500 million euros...
[link to finance.siemens.com]

3.) WATCH THIS LAST ONE FOLKS - THIS IS THE BIGGEST KICK IN THE TESTICLES OR OVARIES...
A PRIVATE CORPORATION COULD MAKE A DEPOSIT IN A CENTRAL BANK...EVEN IF IT SCREWED THE SMALL DEPOSITORS AT THE BANK IN FRANCE!!!!! Think about it...if a time of trouble arises (as in now) the big corporations can yank their money from the "commercial" bank...and store it at the central bank...let the average consumer try that one! All of the bad loans that a bank has will fall squarely on the shoulders of the "little" depositors! In the case in the US...the FDIC will bail out the bank...which will cost the taxpayers...the corporations would be spared the losses in such an event!
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Re: Breaking ! Tyler Durden's picture The Corporate Bank Run Has Started: Siemens Pulls €500 Million From A French Bank, Redeposits Direct With ECB
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Re: Breaking ! Tyler Durden's picture The Corporate Bank Run Has Started: Siemens Pulls €500 Million From A French Bank, Redeposits Direct With ECB
you g.f. that this information is important and probably even pin-worthy, however it is going to be a slow demise until the people make something happen as the governments/central banks are all in on this scam and they want to make it last as long as possible to allow them to prepare and extract as much wealth as they can from the sheeple, so again it is great news but....

and for the record, those of us who have been paying attention, have been preparing for some time now :)
 Quoting: Anonymous Coward 1556859


ohyeah
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09/19/2011 07:17 PM
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Re: Breaking ! Tyler Durden's picture The Corporate Bank Run Has Started: Siemens Pulls €500 Million From A French Bank, Redeposits Direct With ECB
5star
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1: Fearlessness 2: purity of heart 3: Steadfastness 4: Almsgiving 5: Self-restraint 6: Religious rites 7: Right study of the scriptures 8: Self discipline 9: Straightforwardness 10: Noninjury 11: Truth 12: Absense of wrath 13: Renunciation 14: Peace 15: Absence of fault-finding and calumny 16: Compassion toward all beings 17: Noncovetousness, absence of greed 18: Gentleness 19: Modesty 20: Absence of restlessness 21: Radiance of character 22: Forgiveness 23: Patience or fortitude 24: Cleanness of body and purity of mind 25: Nonhatred 26: Lack of conceit
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Re: Breaking ! Tyler Durden's picture The Corporate Bank Run Has Started: Siemens Pulls €500 Million From A French Bank, Redeposits Direct With ECB
THIS IS HUGE! THIS IS HUGE!!!
THIS IS HUGE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Whoa - three REALLY fucked things going on here!!!

1.) Siemens could not trust a major bank in France...so, it pulled its money out of the bank.

2.) Siemens did not trust SIEMENS BANK to store the 500 million euros...
[link to finance.siemens.com]

3.) WATCH THIS LAST ONE FOLKS - THIS IS THE BIGGEST KICK IN THE TESTICLES OR OVARIES...
A PRIVATE CORPORATION COULD MAKE A DEPOSIT IN A CENTRAL BANK...EVEN IF IT SCREWED THE SMALL DEPOSITORS AT THE BANK IN FRANCE!!!!! Think about it...if a time of trouble arises (as in now) the big corporations can yank their money from the "commercial" bank...and store it at the central bank...let the average consumer try that one! All of the bad loans that a bank has will fall squarely on the shoulders of the "little" depositors! In the case in the US...the FDIC will bail out the bank...which will cost the taxpayers...the corporations would be spared the losses in such an event!
 Quoting: Anonymous Coward 1557151


The FDIC is bankrupt. If they cannot find another institution to take the accounts, they aren't closing them.
There have only been two institutions not acquired this year. (8 in 2010 and 11 in 2009)
If it isn't a total loss, it is easier for The Fed to dump money into it to keep it "solvent".

Watch the dramatic decline in closures coming out of the spring this year. [link to www.fdic.gov]
RUFUS
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Re: Breaking ! Tyler Durden's picture The Corporate Bank Run Has Started: Siemens Pulls €500 Million From A French Bank, Redeposits Direct With ECB
It should be clear to all that the world’s economy is on life support and the doctors are all ‘quacks’! The PIGS are just now finding out that their troughs are empty and that no one can afford to filled them!And a unfed pigs is a mean animal, they will turn on anything and everything including each other.

What kind of a mess you ask, well I think that we are in for something like the collapse of Argentina ( [link to www.youtube.com] )but on a global scale. Additionally I think we will see a much more violent version. As recent events show (Flash Mobs, UK riots, etc)we have a larger entitlement minded population and a the US has a much more violent and armed population than Argentina. I see many many small business wiped out by flash mob looting, and see rape, robbery and murder for murder sake. Many of these ‘yutes’ will think no more about killing you than most people think about stepping on a roach. That will be the test of many. Most preppers I know are Christian people and they will hesitate to do what they might have to do to stop the ‘yutes’. On the other hand the ‘yutes’ won’t think twice nor lose a minute of sleep, in fact they will smile and laugh about it.

Think of this quote which is one of my favorites:

“Star Trek: Deep Space Nine: The Siege of AR-558 (#7.8)” (1998)
Quark: Let me tell you something about Hew-mons, Nephew. They’re a wonderful, friendly people, as long as their bellies are full and their holosuites are working. But take away their creature comforts, deprive them of food, sleep, sonic showers, put their lives in jeopardy over an extended period of time and those same friendly, intelligent, wonderful people... will become as nasty and as violent as the most bloodthirsty Klingon. You don’t believe me? Look at those faces. Look in their eyes.

Now go look at some of the videos of the riots in the UK and of some of the flash mobs here in the US and look into there eyes.

For those who are just starting or are old hands at prepping you may find my Preparedness Manual helpfull. You can download it at:

It should be clear to all that the world’s economy is on life support and the doctors are all ‘quacks’! The PIGS are just now finding out that their troughs are empty and that no one can afford to filled them!And a unfed pigs is a mean animal, they will turn on anything and everything including each other.

What kind of a mess you ask, well I think that we are in for something like the collapse of Argentina ( [link to www.youtube.com] )but on a global scale. Additionally I think we will see a much more violent version. As recent events show (Flash Mobs, UK riots, etc)we have a larger entitlement minded population and a the US has a much more violent and armed population than Argentina. I see many many small business wiped out by flash mob looting, and see rape, robbery and murder for murder sake. Many of these ‘yutes’ will think no more about killing you than most people think about stepping on a roach. That will be the test of many. Most preppers I know are Christian people and they will hesitate to do what they might have to do to stop the ‘yutes’. On the other hand the ‘yutes’ won’t think twice nor lose a minute of sleep, in fact they will smile and laugh about it.

Think of this quote which is one of my favorites:

“Star Trek: Deep Space Nine: The Siege of AR-558 (#7.8)” (1998)
Quark: Let me tell you something about Hew-mons, Nephew. They’re a wonderful, friendly people, as long as their bellies are full and their holosuites are working. But take away their creature comforts, deprive them of food, sleep, sonic showers, put their lives in jeopardy over an extended period of time and those same friendly, intelligent, wonderful people... will become as nasty and as violent as the most bloodthirsty Klingon. You don’t believe me? Look at those faces. Look in their eyes.

Now go look at some of the videos of the riots in the UK and of some of the flash mobs here in the US and look into there eyes.

For those who are just starting or are old hands at prepping you may find my Preparedness Manual helpfull. You can download it at:

[link to www.mediafire.com]

For those of you who haven’t started already it’s time to prepare almost past time maybe. You needed to be stocking up on food guns, ammo, basic household supplies like soap, papergoods, cleaning supplies, good sturdy clothes including extra socks, underwear and extra shoes and boots, a extra couple changes of oil and filters for your car, tools, things you buy everyday start buying two and put one up.

As the LDS say “When the emergency is upon us the time for preparedness has past.”

Or as the bible says: A prudent man sees danger and takes refuge, but the simple keep going and suffer for it.
NIV Proverbs 22:3

Or Yeats:
Things fall apart; the centre cannot hold;
Mere anarchy is loosed upon the world,

For those of you who haven’t started already it’s time to prepare almost past time maybe. You needed to be stocking up on food guns, ammo, basic household supplies like soap, papergoods, cleaning supplies, good sturdy clothes including extra socks, underwear and extra shoes and boots, a extra couple changes of oil and filters for your car, tools, things you buy everyday start buying two and put one up.

As the LDS say “When the emergency is upon us the time for preparedness has past.”

Or as the bible says: A prudent man sees danger and takes refuge, but the simple keep going and suffer for it.
NIV Proverbs 22:3

Or Yeats:
Things fall apart; the centre cannot hold;
Mere anarchy is loosed upon the world,
Anonymous Coward
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09/19/2011 08:03 PM
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Re: Breaking ! Tyler Durden's picture The Corporate Bank Run Has Started: Siemens Pulls €500 Million From A French Bank, Redeposits Direct With ECB
Maybe Siemens didn't think France would like them spending its money on non-nuclear ventures.