Euro CRISIS:
Plans for a European "bank mutiny" are picking up steam
Friday, November 19, 2010
A few weeks ago, we noted that December 7 is becoming a grass roots "banker mutiny" day, in which citizens across Europe will pull money from their banks and thus force a pan-European bank run on what is already a bankrupt financial system, which survives each day only at the expense of the continent's increasingly indebted citizens, their life of increasing austerity, and of course, the U.S. Federal Reserve and its final backstop.
In some ways, we discounted the potential reach of this movement.
Enter Eric Cantona – just ask any sport afficionado who the most entertaining, flamboyant and skillful football player of 1990's Manchester United was and nine out of 10 times you will hear that name. The icon (both in England and France) whose on-field antics were only matched by his kung fu skills, and who has a massive popular following, has been recorded agitating viewers (many of them), to enact a bloodless revolution against French banks...
Read full article...
More on the euro crisis:
Return of the euro crisis: Irish yields are exploding higher
The Greek bond selloff could mean trouble for U.S. stocks
You can profit from the euro collapse without touching the dollar
Friday, 19 November 2010
From Zero Hedge:
Posts
