Skip to content
Socio-Economics History Blog

Socio-Economics History Blog

  • About

Socio-Economics History Blog

Socio-Economics History Blog

Capital Flight Proves Confidence in European Interbank System has Collapsed !

August 29, 2011 by mosesman
Duration U.S. Japan Germany UK
3-Month -.01 0.10 0.97 0.51
6-Month 0.02 0.11 0.56 0.59
12-Month 0.08 0.12 0.59 0.53
2-Year 0.19 0.14 063 0.59
3-Year 0.32 0.17 0.67 0.75
5-Year 0.93 0.34 1.20 1.36
7-Year 1.52 0.59 1.63 1.84
10-Year 2.18 1.04 2.14 2.49
30-Year 3.55 2.01 2.98 3.75
  • The European banking system is in severe distress! This coming crisis will be far worse than the Lehman Brother collapse of 2008! Its effects will be felt around the world as dominoes keep falling throughout the entire global banking system! You cannot convince me that everything is A-OK. Those of us who understand what is really going on are getting out of harm’s way. Got physical gold yet? Or are you still hanging onto pieces of CONfidence Job, fiat currencies, electronic fiat digits? The global currency crisis is coming! (emphasis mine)
    –
    Capital Flight Proves Confidence in European Interbank System has Collapsed
    by Mish Shedlock, http://globaleconomicanalysis.blogspot.com/
    Capital flight from European banks has now reached such a state that for one undisclosed bank needed emergency funding last week for a mere $5 million. Previously, the ECB stepped in to provide $500 million in emergency liquidity measures to non-disclosed banks. As money flees Europe, it lands in US banks that do not know what to do with it. Capital flight has led to negative interest rates in the US.
    –
    Swelling US Deposits as Money Flees Europe
    For a look at European Bank funding needs please see 8 Trillion Euros in Borrow-Short Lend-Long Madness at European Banks; Circuit-Breaker Silliness; Dash for Cash Sends Short-Term Rates Negative Again
    –
    “Lehman-Like” Credit Crunch Hits EU
    For discussion of the European credit crunch and $500 million in emergency liquidity measures to undisclosed banks, please see “Lehman-Like” Credit Crunch Hits EU; ECB Will Not Disclose Affected Banks; Euro-Style Anxiety Spreads to U.S.
    –
    $5 Million in Emergency Funding
    $5 million is a trivial amount. That a bank would need it is not. Jean-Pierre Chevallier writing on Business économiste monétariste behavioriste discusses the setup in his latest post ECB: no more bets! More…
    –
    The situation is out of control in the euro zone, as I have been writing it for a while… The interbank market does not work because euro-zone banks managers have lost confidence in other banks. So they keep their cash in US$ rather than lending it to other banks that need it as they would in normal times: ECB had loaned $5 million to a bank on August, 25.
    –
    ECB had previously loaned $500 million (USD) on August 17. This caused a flash-crash in U.S. markets. The problem is serious.
    –
    Chevallier notes that the paltry amount of money involved “shows that the interbank system is completely blocked”.

    –
    Trust in European banks is shot, and by hiding the banks needing emergency liquidity funding, distrust spreads to all banks in the system. Then again, why shouldn’t distrust spread?
    –
    The entire global financial system is bankrupt. Loans have been made that cannot and will not be paid back.

end

Post navigation

Previous Post:

Greece is in Trouble Again!

Next Post:

Jewish Teenager Violently Arrested for Speaking Truth about Palestine!

Pages

  • About

Recent Posts

  • Excess Deaths, MP Calls for Urgent And Thorough Investigation
  • Watch: Australian Senator Sends RED ALERT About WHO Pandemic Treaty
  • OIL CRISIS EMERGENCY ALERT! – Banks Warn Of SHORTAGE! – Turkey Earthquake Shuts Down Oil Terminals
  • Grammy’s Satanic Performance, Sponsored by Pfizer
  • CBDC | “Central Bank Digital Currencies Are Not Currencies. CBDCs Are a Financial Transaction Control Grid. You Can Have Your Money Turned Off.” – C. Fitts + “It’s End of the Dollar, Wiping Out Stocks, Bonds & Mutual Funds.”
  • Abortions | Why Is the Satanic Temple Opening an Abortion Clinic to Provide ‘Religious Abortion’ and ‘Abortion Ritual ‘Care? | Discover the Horrific Stories of Planned Parenthood
  • Ukraine Will Used the Weapons to Attack Moscow – They Lied
  • Experienced Pathologist Confirms COVID Vaccination Causes Giant Blood Clots, Cancer & Infertility
  • How the “Unvaccinated” Got It Right
  • Attacks On Iran, Syria Ignite Tensions In The Middle East
  • The Next Black Swan Will Come Out of the Derivatives Market
  • Russia, Africa, To Drop US Dollar and Euro In Trade Settlements
  • Doug Casey’s Take [ep.#234] Why Are the “Experts” Pushing Us into WW3?
  • Italy’s Internet Restored After Nationwide Outage; Reports Of Global Ransomware Attack
  • The Dollar Empire Won’t Go Quietly.
  • The Medical System is a Complete SCAM: Please Stay Away
  • Why They Lied: Del Bigtree on Pharma, mRNA EUA & The COVID Catastrophe Cover-Up – Ask Dr. Drew
  • Gravitas LIVE: Three Strong Earthquakes Jolt Turkiye & Syria Leaving Over 2000 Dead
  • Three Point Plan to Avoid Conflict With China
  • Starvation Is A Credible Risk; The Wealthy Know It | Joel Salatin

Archives

  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011

Categories

  • Disaster
  • Economics
  • Endtimes
  • Geo-Politics
  • History
  • Medicine & Health
  • Satire
  • Science & Technology
  • Social Trends
  • Uncategorized

Meta

  • Log in
  • Entries RSS
  • Comments RSS
  • WordPress.org
August 2011
M T W T F S S
« Jul   Sep »
1234567
891011121314
15161718192021
22232425262728
293031  
© 2023 Socio-Economics History Blog | WordPress Theme by Superbthemes