Sunday, June 17, 2012

European Bank Run

SAVERS take billions of Euros out of European banks to protect their cash. Pity that's just going to make the storm worse.
  • Savers make a run on European banks 
  • Putting cash into property, hoarding at home 
  • Removing cash will just make banks less stable 
  • How shock waves will hit if Greece drops the Euro 
Savers across Europe are fleeing the continent's debt crisis.

In Europe's most economically stricken countries, people are taking their money out of their banks as a way to protect their savings from the continent's growing financial storm.

Worried that their savings could be devalued, or that banks are on the verge of collapse and that governments cannot make good on deposit insurance, people in Greece, Spain and beyond are withdrawing euros by the billions - behavior that is magnifying their countries' financial stresses. The money is being hoarded at home or deposited in banks in more stable economies.

Read more:


Leah said...

That is very worrisome, because if you think about it in the 1930's this is what people did. This activity influences markets to crash, yet can you blame the people?

Howard said...

This article suggests nation states are nearing an end because the world economy supercedes their essential existence.

Joe said...

Howard,I would rather suggest that nation states are coming to an end, period and that HaShem's Malchut Shamayim is being founded before our very eyes with Yisrael as the Rosh u'Mot to govern the chasidei u'mot l'olam with Mashiach ha Melech leading the way.......this IS the New World Order, exciting, huh ? :-)

Devorah said...

Amen to that !
The darkest hour's before the dawn.

Anonymous said...

And.. I second that. What Devorah wrote.

Soon the light will shine. :)

Stella c

Anonymous said...

Nation states coming to an end is the plan of the enemies of Hashem from time immemorial (Nimrod). This is all part of the War of Gog u'Magog. There will always be separate nations, but, under G-D. That time is nearing soon with the coming of Moshiach.

Anonymous said...

To Joe: Nation states are not coming to an end. That is the goal of the NWO, but not Hashem's. When Moshiach comes the world will know that there is only HIM, but they will have their own identities, but knowing that 'ain od Milvado'. There is no other than Hashem. They will be Noahides.

Anonymous said...

It's a very interesting time. You really have to look for stuff like this. The media
is not really reporting that the world financial system is in jeopardy. The shoe has not
yet dropped. But is about to!

Anonymous said...

the Dollar is next, cash out now buy property in eretz hakodesh

Joe said...

Shalom Anon.......I did not say that "NATIONS" were coming to an end, but "nation states."
Quote from Wikipedia :

"The nation state is a state that self-identifies as deriving its political legitimacy from serving as a sovereign entity for a nation as a sovereign territorial unit.[1] The state is a political and geopolitical entity; the nation is a cultural and/or ethnic entity. The term "nation state" implies that the two geographically coincide. Nation state formation took place at different times in different parts of the earth but has become the dominant form of state organization."

The "cultural / ethic" nation will survive but the "political" state will evaporate.
According to Torah there are 70 "nations." When Shlomo dedicated the first Temple, he sacrificed 70 bulls on behalf of these "nations." However,according to the UN, there are 196 "nation states" and growing according to underlying "political" issues.
Bringing this into the sphere of the Eretz Yisrael, the UN wants a two "state" political solution.......which will never eventuate. On the other hand the "medinat - state" must be removed from "Medinat Yisrael" resulting with YISRAEL. This entails removing the man made democratic political and judicial underbelly that drives the "state" and restoring the Torah Theocracy of Kingship and Priesthood as the Weal of HaShem's sovereignty.

The 70 nations of the world that submit to "ain od Milvado" will be known as the "Commonwealth of Israel" with HaShem as Sovereign Head.
May it happen speedily in our day.

Leah said...

Amen. From your lips to G-d's ears.

Anonymous said...

We know that today's almost 200 nations stem from the original 70 nations. But the world will be basically as it is now; in other words, i.e., the remaining French will be just that, etc., etc. Each of the nations will still have their own sovereignty & borders. The difference being that they will know that there is only Hashem, who will be represented by His holy annointed servant, Moshiach T'zdkeinu. Cannot see how or why it would be broken down to the 70 original nations (unless if the 2/3, as prophecized, are gone and not too many are left). The borderless part is the NWO idea. Moshiach will sort everything out for everyone. Israel will be Eretz Yisrael and not medinat Yisrael (that is a UN concept). Israel will be from the Tigris to the Euphrates.

Howard said...

I have heard from a few sources that nation states will remain, but I posted the link to the article as it was in a mainstream media source. It also shows just how precarious the whole financial system is.

Can we be sure Eretz Yisrael will be from the Mediterranean Sea all the way to the Euphrates?

Some say it will be the current borders of Medinat Yisrael, plus Gaza and the West Bank, plus the East Bank of the Jordan.

Others say it will even include Cyprus.