Well we are seeing the markets crashing again and warnings by the Bank for International Settlements saying that there is a gap of bank funding of USD 4 trillion.
What does this mean?:
1. The IMF doesn't have enough money to bail out on a large scale
2. The European Central bank has made some BAD decisions, least of all raising rates earlier this year
3. Bank for International Settlements which is the 'God' for banks, cannot provide correct controls
4. No control or Risk Management can cater for such a crash
5. We haven't learnt the mistakes of 1930'ish crash
6. Banks must have a clear out and stop the casino gambling and get back to basics
7. People must go back to cash under the mattress
8. Banks ripping people off will not save them
9. China is laughing
10. USA is lifeless as they are in trouble as well
11. There can never be a Euro again with a single Central Bank providing control for several countries.
12. Politicians are idiots and hope that sticking their head in the sand will solve the issue
What does this mean?:
1. The IMF doesn't have enough money to bail out on a large scale
2. The European Central bank has made some BAD decisions, least of all raising rates earlier this year
3. Bank for International Settlements which is the 'God' for banks, cannot provide correct controls
4. No control or Risk Management can cater for such a crash
5. We haven't learnt the mistakes of 1930'ish crash
6. Banks must have a clear out and stop the casino gambling and get back to basics
7. People must go back to cash under the mattress
8. Banks ripping people off will not save them
9. China is laughing
10. USA is lifeless as they are in trouble as well
11. There can never be a Euro again with a single Central Bank providing control for several countries.
12. Politicians are idiots and hope that sticking their head in the sand will solve the issue
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