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18 Signs That The Banking Crisis In Europe Has Just Gone From Bad To Worse

With each passing day, the banking crisis in Europe escalates. European banks are having their credit ratings downgraded in waves, bond yields are soaring and billions of euros are being pulled out of banks all across the eurozone. The situation in Europe is rapidly going from bad to worse. It is almost like watching air being let out of a balloon. The key to any financial system is confidence, and right now confidence in banks in Greece, Italy, Spain and Portugal is declining at an alarming rate

http://www.pakalertpress.com/2012/05/19/18-signs-that-the-ba...

Loads more credit downgrades to come.
This will cross the pond.
This debt crisis is 7 to 25 times larger than the housing bubble bursting in 2008.
Romney wants to bail the banks out with taxpayer dollars.

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No, actually, according to

No, actually, according to this London article, it's Greece leaving the eurozone.

Most vital news for Americans to know, but unless I read european newspapers, I see none of it.

This is going to come to a head before the GOP convention. And Romney is a bankster if you even read a minimum of his biography.

http://www.telegraph.co.uk/comment/columnists/iainmartin/927...

And for the support of this Declaration, with a firm reliance on the protection of Divine Providence, we mutually pledge to each other our lives, our fortunes and our sacred honor.

Recent catalyst...

Recent catalyst is the result of the French election.

When Fascism goes to sleep, it checks under the bed for Ron Paul!

Yep

And Obama is hoping Europe holds up until November, but it does not look like it will.
Funny thing is Romney would be even worse than Obama.
Obama would be disastrous for the US, let alone Romney.

Lots of politicians worried and frozen like a rabbit caught in the headlights.
The debt is coming to a head.
And more pumping, whether by the ECB or the Fed, just isn't going to help. Dose of reality check coming.

"In the end, more than they wanted freedom, they wanted security. They wanted a comfortable life, and they lost it all -- security, comfort, and freedom. When ... the freedom they wished for was freedom from responsibility, then Athens ceased to be free."

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Daniel 2:37-45

This prophecy given to the prophet Daniel in the middle of the sixth century B.C. describes the days of Empire that began to end in 2007. The feet of the image are struck by a stone cut from a mountain without the use of hands. The feet are the nations of Europe and the Stone Kingdom that will grow and fill the Earth and remain forever is the Kingdom of God.

https://net.bible.org/#!bible/Daniel+2:37

This therefore tells us that the first nations to collapse will be those of Europe. The rest will follow. This is being accomplished by the power of God so nothing can stop it.

I have believed from the beginning that Ron Paul is playing a part in these events. Here is a piece I wrote on May 17 as the first part in a series on these things:

http://www.dailypaul.com/234344/the-final-victory-is-assured...

"Jesus answered them: 'Truly, truly, I say to you, everyone who commits sin is a slave to sin. The slave does not remain in the house forever; the son remains forever. So if the Son sets you free, you will be free indeed.'" (John 8:34-36)

Reggie Middleton

Is very good on the coming financial storm.
But there is a lot to read.

http://www.boombustblog.com/

"In the end, more than they wanted freedom, they wanted security. They wanted a comfortable life, and they lost it all -- security, comfort, and freedom. When ... the freedom they wished for was freedom from responsibility, then Athens ceased to be free."

I believe someone posted it

I believe someone posted it here already, but last week 1 billion euros was withdrawn by citizens in Greece... We are going down and nobody here is reporting it. Although I must say that most relatives and acquintances sense there is something wrong. Many don't have the instruments to determine what it is. But they will be enraged when it happens. Which also won't be very far ahead indeed. What happens next is anyone's guess (at least for those not on the switchboards operating)

'The vulcano is erupting and we're semi-forced to dance on it' is the best quote I can use one of my friends said the other day.

Dutch Ron Paul blog: http://www.paulitiek.nl | Paul Campaign Google Maps: share the victories with your Friends! http://g.co/maps/rcw2y

robot999's picture

Don't forget the

Bank Runs in Greece and now in Spain. Next...

"Government is the entertainment division of the military-industrial complex". - Frank Zappa

700m and 1bn euros withdrawn

from the Greek and Spanish banking systems very recently.

Queues at Spanish banks and Greek ATM machines reminded me of UK's Northern Rock around Sep 2007. First UK bank to do down since 1854.
More soon followed as expected. UK Government bailouts.

French, Spanish and Greek banking systems are under the most immediate threat.
But who mentions France lol

"In the end, more than they wanted freedom, they wanted security. They wanted a comfortable life, and they lost it all -- security, comfort, and freedom. When ... the freedom they wished for was freedom from responsibility, then Athens ceased to be free."

Thanks for Posting

Thanks for posting this Ian56. I hadn't seen that website before. It is very useful

"This debt crisis is 7 to 25

"This debt crisis is 7 to 25 times larger than the housing bubble bursting in 2008"

hah.. and we can do another one of those too. It's the one no-one is watching but private debt is much higher than public debt, and most of that is in real estate. The market is completed locked up here, just waiting to collapse basically.

Total debt to GDP - large countries

http://www.gfmag.com/tools/global-database/economic-data/104...

US is underreported by 34% - National Debt to GDP now 101%.

This doesn't include Government off balance sheet liabilities.
And it doesn't include future liabilities, like Medicare.

"In the end, more than they wanted freedom, they wanted security. They wanted a comfortable life, and they lost it all -- security, comfort, and freedom. When ... the freedom they wished for was freedom from responsibility, then Athens ceased to be free."

Yeah, the Netherlands public

Yeah, the Netherlands public debt isn't that bad actually, just approaching 70%, altough it's rising quickly. There's a broad concensus about the need for budget cuts and they're just haggling over what to cut, so that's not the problem. The real danger is in the housing market. Add private to public debt and all of a sudden we're the 7th most indebted nation on the planet (according to wikipedia). Real estate has been booming here since the 90s or so, and it's only just starting to slow down. It didn't pop in 08, like it did in the US and other places. It's a financial disaster waiting to happen.