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2010-05-31 Britain

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Posted by Fred 2010-05-31 00:00|| || Front Page|| [4 views ] Top

#1 "The euro will not disintegrate next month or maybe even next year,"

Now there's a bet I wouldn't mind taking on. Give me 10/1 and you've on.
A guaranteed method of telling when a business is ready to implode is when insiders are getting rid of their liabilities and grabbing assets like cashed up shoppers at a knock down sale.
From Spiegal Online (German site)
http://www.spiegel.de/wirtschaft/soziales/0,1518,697489,00.html
French banks are offloading their Greek bonds onto the ECB, whilst German banks are bound by an obligation given to finance Minster Schäuble to hold on to such papers till May 2013.

This will leave french banks sanitized and the German banks and ECB with a worthless toxic assets.
Reminds one of '71 when France nearly cleaned out Fort Know, by handing over overinflated surplus US dollars for gold, thus bringing an end to Bretton Woods.

Posted by tipper 2010-05-31 18:24|| 2010-05-31 18:24|| Front Page Top

#2 Another?

When did the last one end?

Posted by Barbara Skolaut 2010-05-31 19:20|| 2010-05-31 19:20|| Front Page Top

#3 ION WMF > CHINESE EXPERTS: UK IS NO LONGER AN INDEPENDENT MILITARY OR NUCLEAR POWER. OTHER THAN THE US, BRITAIN MUST NOW HEAVILY RELY/DEPEND ON COOPERATION WID FRANCE FOR THE EFFEC NUCLEAR SECURITY OF EUROPE + ITS OWN INTERNATIONAL INTERESTS.

IOW, IIUC Britannia must depend on FRANCE to deter and or defend agz the RISE OF EURABIA, LONDONISTAN, ETC.

Posted by JosephMendiola 2010-05-31 21:21|| 2010-05-31 21:21|| Front Page Top

#4 Besides that LACK OF $$$ = GREATER-AND-DECADES-LONGER-THAN-1929 GLOBAL RECESSION/DEPRESSION universal thingy.

Posted by JosephMendiola 2010-05-31 21:25|| 2010-05-31 21:25|| Front Page Top

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