A Fiscal Crisis and the UK Suffers The Mother of All Bank Runs

[Daal]

lets say the sterling continues to plunge and the UK has a fiscal crisis we could see the mother of all runs as everybody takes currency out of the banks not trusting even the state bank National Savings. Shorting the british pound feels like chasing here but I'm beginning to give some serious thought

http://www.dailymail.co.uk/money/ar...-banks-withdrawals-record-breaking-rates.html

 

[just21]

By the time it is in the Daily Hatred the move has already happened. Daily Hatred readers are still long real estate as it is property porn mag.

 

[makloda]

Would finally make the pompous asses in London consider joining the Euro

 

[zdreg]

makloda your jest may have truth in it.

http://www.nytimes.com/2008/12/02/b...inking the Euro&st=cse&scp=1&pagewanted=print

http://www.elitetrader.com/vb/showthread.php?s=&threadid=146490&highlight=british+bankrupt

 

[just21]

Quote from makloda:

Would finally make the pompous asses in London consider joining the Euro

The "people who matter", according to Barroso, might want to join the Euro but it would never pass on a referundum and if they imposed it there would be rioting in the streets.

 

[Trvlwanderer]

Quote from makloda:

Would finally make the pompous asses in London consider joining the Euro

"What I got, you gotta get it, put it in you........
Give it away, give it away, give it away now".

Sovereignty...so outdated amongst the globally "enlightened".

 

[ASusilovic]

Quote from makloda:

Would finally make the pompous asses in London consider joining the Euro

But please not before GBP/USD parity...

 

[zdreg]

Quote from Trvlwanderer:

"What I got, you gotta get it, put it in you........
Give it away, give it away, give it away now".

Sovereignty...so outdated amongst the globally "enlightened".

now is the time to read TWILIGHT OF SOVEREIGNTY by Walter Wriston former ceo of citibank

 

[zzt]

lets not forget, a large part of the reason for weakness in any non USD currency is liquidation of USD shorts.

 

[zdreg]

liquidation of $US shorts. does they mean they were shot in front of a firing squad?
if something goes down it is the shorts. if something goes up it is the shorts.
the only group to have such power according to the cognoscenti on ET are the Jews. therefore the shorts must be jews.
this should appeal to appeal to conspiritualists who troll on ET