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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: maceng2 who wrote (50727)3/25/2013 11:42:41 AM
From: ggersh  Respond to of 71475
 
Where have all the banks passed "stress tests"
that's where you have all the banks that are "insolvent"

Spin, propaganda, BS...works wonders....-nfg-


A Word Out Of Place Sends Europe TumblingSubmitted by Tyler Durden on 03/25/2013 - 11:07 Perhaps the best example of a "word out of place" comes from the new Eurogroup head, Dijsselbloem, also phonetically known as Diesel-BOOM, who just may have ushered in the next, next wave of the Eurozone crisis:

  • "Cyprus a Template For EU"
Er... wasn't it a special case, inside a unique case, wrapped in a one-time case? We will ignore the rather hilarious Freudian slip, and focus on what he was explicitly talking about with Reuters, in what Cyprus allowed was the effective usurpation of democracy - the only reason the Cypriot bailout "passed" (at least so far) is because it was structured as a bank restructuring, a financial system "resolution", not a tax, and thus not in need of a parliamentary, democratic vote. Because as Cyprus also showed, votes to deprive depositors of cash, whether insured or uninsured, simply won't fly. Hence the shift.