Market crash ‘could hit within weeks’, warn bankers

August 28th, 2011

FAKE NEWS for the Zionist agenda

Harry Wilson, and Philip Aldrick
The Telegraph
August 27, 2011

Insurance on the debt of several major European banks has now hit historic levels, higher even than those recorded during financial crisis caused by the US financial group’s implosion nearly three years ago.

Credit default swaps on the bonds of Royal Bank of Scotland, BNP Paribas, Deutsche Bank and Intesa Sanpaolo, among others, flashed warning signals on Wednesday. Credit default swaps (CDS) on RBS were trading at 343.54 basis points, meaning the annual cost to insure £10m of the state-backed lender’s bonds against default is now £343,540.

The cost of insuring RBS bonds is now higher than before the taxpayer was forced to step in and rescue the bank in October 2008, and shows the recent dramatic downturn in sentiment among credit investors towards banks.

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16 Responses to “Market crash ‘could hit within weeks’, warn bankers”

the big bankers aren’t bankrupt. the last crash They just took a few rungs of the ladder from the very lower tiers. watch when They clean the bottom off the next time.
I posted the other day that Warren Buffet was a useful idiot for investing in Bank of America. I have since read and article, and realize we the taxpayer are the useful idiot. Buffet has purchased all preferred stock, which will pay him 6% interest on his $5 billion investment. And if BofA defaults, guess to bails out the too-big-to-fail piece of crap bank. So Buffet gets a sweet deal either way. Just wanted to clarify who the real useful idiots are in this scenario. I hope all us useful idiots can get organized someday soon to take down these criminals running this country. They have taken lessons from the Cosa Nostra to an impressive level.
THE MARKET HAS ALREADY CRASHED IN 2007. WHAT WE HAVE WITNESSED SINCE THEN, IS A PONZY SKEEM, OR A JOKE. A PLOY TO FOOL THE UNAWAKEN CITIZENS. IN THE REAL WORLD,
WALL STREET, THE FED AND THE BANKERS ARE ALL BANKRUPT!
Market crash ‘could hit within weeks’.
Probably on 911, the closest that nibiru is to the sun.
September 27, 2011 is the next and the second alignment of the year
The last alignment of the year is on November 23, 2011.

URGENT WARNING! WATCH THIS TAKE HEED! youtube

Glory to Jesus Christ
Anything is possible, but hey… I’ve been hearing about this World Market CRASH for quite some time now and so far, it’s not happened to the scale that we’re all talking about…….. I’ll keep an open mind and wait to see what happens!
- ah. another fence sitter. yeah you just wait to see what happens, but don’t expect others to help your ass out afterwards. Fool
  - Hey, I can understand his concern. God_Only_knows, just listen to the people that get stuff right – 97% forecasting record. They are Peter Schiff, Gerald Celenti and Lindsey Williams. They are for real! They all state by December to January will we see the start of hyperinflation. Hyperinflation next year with a new world currency by December of 2012.
  - hardly a fool, or a fence-sitter ….. just tired of hearing everyone’s opinion about the day and hour of the crash…. I am trying to be prepared as best I can, but I am not circling any dates on the calendar just yet. It’s certainly starting, but the markets are see-sawing back and forth quite a bit still.
    
    And Peter…. December 2012 is not in two weeks – exactly the point I was making with my post. I am not a denier that we are in deep shit economically, but every time I hear a date of when doomsday is coming, it ALWAYS passes without incident. I listen quite intently to Peter and Gerald and they ARE usually correct about things, but neither of them is posting any predictions about what is going to happen before 15 September!
    
    Opinions are like assholes – everyone has one – but most don’t really amount to much after the dust clears! I’ll wait until Gerald picks a more specific time frame before I panic.
    - What about the US embassies being warned to trade dollars for local currency in fall of 2011? Though there has been inflation in the dollar, probably most of the local currencies did just as bad. What was the source on that?
Well if it does crash I hope it takes the Bankers, Senate And cogress with it!
It has crashed for the average American Years ago! Hunker down for Big brotther clamp down!
Perpare,arm ,lock and load!!!
lets make a small dent in the system. kick the governors and president out of their public housing assistance programs. paid for by the tax slaves of amerika. of course the governors and president live in splendor while the welfare recipients live in squalor. lets turn that around.
It’s not the “stock market” per se, it entire financial system that is teetering. Things could get very, very bad. One faction of the elite want to drastically cut the population – by as much as 90 percent. Stop the water, the power, and the food deliveries, and how many will survive next winter?
all I can say is “stockpile now while you can!”
There is no if ands or buts, some people are so much in denial, when the market does plunge and they lose thier retirement, They will flock into the camps for cheetos and kool aide.
Screw the stock market…!
- Yes well, unfortunately for those of us working in the real world, it effects the housing market, food market, fuel market and everything else.