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GLOBAL DEPRESSION - 22 Reasons for an Economic Collapse In Europe In 2012

 
Burt Gummer

User ID: 6180327
United States
11/29/2011 06:37 PM

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GLOBAL DEPRESSION - 22 Reasons for an Economic Collapse In Europe In 2012
If the EURO UNION / EURO goes to hell in a handbasket......SO DOES THE USA economically.


I suggest EVERYONE read the FULL STORY at the link on the bottom of this article snippet.

2012 Euro bond obligations ARE going to default.

******

22 Reasons Why We Could See An Economic Collapse In Europe In 2012

"It would be hard to overstate how much of a crisis Italy represents. The following is how former hedge fund manager Bruce Krasting recently described the current situation….

At this point there is zero possibility that Italy can refinance any portion of its $300b of 2012 maturing debt. If there is anyone at the table who still thinks that Italy can pull off a miracle, they are wrong. I’m certain that the finance guys at the ECB and Italian CB understand this. I repeat, there is a zero chance for a market solution for Italy.

Krasting believes that either Italy gets a gigantic mountain of cash from somewhere or they will default within six months and that will mean the start of a global depression."

[link to www.yolohub.com]


grtdep

Last Edited by Useless Cookie Eater on 11/29/2011 06:40 PM
Burt Gummer (OP)

User ID: 6180327
United States
11/29/2011 06:44 PM

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Re: GLOBAL DEPRESSION - 22 Reasons for an Economic Collapse In Europe In 2012
"...it looks like a run on the banks has already begun in Europe. The following comes from a recent article in The Economist.

“We are starting to witness signs that corporates are withdrawing deposits from banks in Spain, Italy, France and Belgium,” an analyst at Citi Group wrote in a recent report. “This is a worrying development.”

[link to www.yolohub.com]


spock

Last Edited by Useless Cookie Eater on 11/29/2011 06:44 PM
Burt Gummer (OP)

User ID: 6180327
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11/29/2011 07:41 PM

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Re: GLOBAL DEPRESSION - 22 Reasons for an Economic Collapse In Europe In 2012
bump for AWARENESS.


If not.....DARWIN LOVES YOU!!! hf
Anonymous Coward
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Turkey
06/18/2012 07:32 AM
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Re: GLOBAL DEPRESSION - 22 Reasons for an Economic Collapse In Europe In 2012
bump for AWARENESS.


If not.....DARWIN LOVES YOU!!! hf
 Quoting: Burt Gummer
Anonymous Coward
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06/18/2012 07:41 AM
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Re: GLOBAL DEPRESSION - 22 Reasons for an Economic Collapse In Europe In 2012
"...it looks like a run on the banks has already begun in Europe. The following comes from a recent article in The Economist.

“We are starting to witness signs that corporates are withdrawing deposits from banks in Spain, Italy, France and Belgium,” an analyst at Citi Group wrote in a recent report. “This is a worrying development.”

[link to www.yolohub.com]


spock
 Quoting: Burt Gummer


Corporates have been doing that for a little while, most obvious where the UK ones withdrawing from the continent and building what appears to me to be a corporate firewall, the sums throw around by some of the larger auditing firms are that they have already stock piled over £1 trillion in funds.

I am sure that is going on across the globe, further exacerbating the current situation as they sit on funds rather than use them to expand/grow, which leaves me with the distinct feeling that one the one hand they are preparing for something to happen, while on the other by sitting on those funds they are ensuring it does happen.
Anonymous Coward
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Australia
06/18/2012 07:53 AM
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Re: GLOBAL DEPRESSION - 22 Reasons for an Economic Collapse In Europe In 2012
5 Stars..
Anonymous Coward
User ID: 16038983
United States
06/18/2012 09:24 AM
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Re: GLOBAL DEPRESSION - 22 Reasons for an Economic Collapse In Europe In 2012
and 6 months have come and gone...
Stickyfoot

User ID: 18154662
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06/18/2012 12:33 PM

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Re: GLOBAL DEPRESSION - 22 Reasons for an Economic Collapse In Europe In 2012
bumppeace
Stickyfoot,i think i stepped in something
Anonymous Coward
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Austria
06/18/2012 12:45 PM
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Re: GLOBAL DEPRESSION - 22 Reasons for an Economic Collapse In Europe In 2012
and 6 months have come and gone...
 Quoting: Anonymous Coward 16038983


People pull out a billion per country from their PIIGy-banks

News








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