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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 464.70+1.5%Jan 26 4:00 PM EST
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To: Snowshoe who wrote (90329)5/17/2012 3:12:24 AM
From: maceng2  Read Replies (1) of 219789
 
That could be happening already.

President Karolos Papoulias told party leaders that banks had lost €700m in withdrawals on Monday alone as citizens rush to pre-empt capital controls and a much-feared return to the Drachma.

telegraph.co.uk

A run on the bank is such a last century thing, cant possibly happen these days -g-

OR a panic driven flight of capital could go Greece, Spain, Italy, Euro, lock up of the system as nothing get shipped as no one can get an assurance they will be paid at the end of the journey a la 2008. Theoretically it could happen like greased lightening I suppose.

The whole world wide financial system could go to a code red, klaxon blaring meltdown overnight.

Unless some positive action is shown and and/or the panic is held in check.

Hopefully this doesnt happen though.
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