ALERT Run on Italian Banks Starting??

paul bunyan

paul bunyan

Frostbite Falls, Minnesota
Run on Italian Banks Starting??

Fair Use:

https://www.armstrongeconomics.com/world-news/sovereign-debt-crisis/banking-panic-in-italy/
Banking Panic in Italy
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Blog/Banking Crisis

Posted Jul 11, 2016 by Martin Armstrong



We have reports from readers in Italy that ATM machines are being emptied.:shkr::shkr:

A run on banks is beginning in Italy.




Categories: Banking Crisis, Sovereign Debt Crisis
Tags: Italy
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Lets all take a deeeep breatttthhhhhhh.... Ahhhhhh Okay...now you can panic heh!

PB
 
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TKD_Kid

TKD_Kid

Veteran Member
Prophecy from David Wilkerson I do believe comes to mind. First Italy, Second Spain and third USA
 
paul bunyan

paul bunyan

Frostbite Falls, Minnesota
Looks like Milkmaid spotted this....Good job.

Mods feel free to merge with her Europe busting up story if you like.

PB
 
Blacknarwhal

Blacknarwhal

Let's Go Brandon!
TKD_Kid said:
Prophecy from David Wilkerson I do believe comes to mind. First Italy, Second Spain and third USA
Click to expand...

I don't think that's right. First it was an "Eastern European country" or a "South American country," then Mexico and then the United States.

The big problem with that prophecy is that it is SUPER vague.
 
F

Fetz

Senior Member
The whole system is fragile. ANY bank could start the implosion. All the finger pointing is at Deutche Bank because of the large derivative exposure, but they are all interlinked
 
bw

bw

Fringe Ranger
Fetz said:
The whole system is fragile. ANY bank could start the implosion. All the finger pointing is at Deutche Bank because of the large derivative exposure, but they are all interlinked
Click to expand...

Any bank could, but one bank will. One large bank is probably all it will take. Who will be Creditanstalt is not obvious, but DB is a likely candidate.
 
Lilbitsnana

Lilbitsnana

On TB every waking moment
Lilbitsnana said:
I just started listening to a youtube audio from a 1973 speech he gave. He said it would start in Germany, spread to Japan and then the United states. (economic collapse). He said much more and I'm only 6 minutes into it. (it says it's 52 minutes long)

https://www.youtube.com/watch?v=dSJZrZ8ysP0
Click to expand...


Think of the news/info concerning Deutsche Bank lately and the ramifications of the derivatives because of the Brexit vote and how large corps could start failing; that would more closely match what Wilkerson said. Germany as the starting point, then Japan and then us (USA).
 
Lilbitsnana

Lilbitsnana

On TB every waking moment
Blacknarwhal said:
Didn't that one get "clarified" later on?
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I don't know, I have never heard anything that he himself said (until today). That was the reason I went looking for what he actually said, because I have seen so many different countries listed as being the three that he mentioned.

So, yes, it's possible that he made a statement or something at a later date, but what I posted was what he said in '73, apparently the original version. (like I posted, I have only listened to the first 6 minutes of a 52+ minutes audio.)
 
Blacknarwhal

Blacknarwhal

Let's Go Brandon!
Lilbitsnana said:
I don't know, I have never heard anything that he himself said (until today). That was the reason I went looking for what he actually said, because I have seen so many different countries listed as being the three that he mentioned.

So, yes, it's possible that he made a statement or something at a later date, but what I posted was what he said in '73, apparently the original version. (like I posted, I have only listened to the first 6 minutes of a 52+ minutes audio.)
Click to expand...

I've heard it a lot of different ways myself. Then we have to remember too that this was never really a prophecy but considered more of a "vision", since the phrase "the Lord said" or any version therein was never part of it.
 
marsh

marsh

On TB every waking moment
As long as you are doing woo, I believe the Bots stated it would start with Italy then the Royal Bank of Scotland. After that, it rolls Europe then gets to the US.
 
T

Thinwater

Firearms Manufacturer
Millwright said:
I thought the Greeks were in the crapper deeper than anybody else?
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They are, but due to their small size they could be bailed out, for now. Mostly liar loans. The banks and borrower both are lying when they say or think it will or can be paid back. It was just done to prop up the system and keep up the facade for a few more years. Italy, Spain, and Portugal are "To big to bail" instead of to big to fail.

Once one of them goes, it is over. Germany is the biggest of them all. If their version of Bank of America fails, all of Europe is done. We would follow quickly.

The question is, when would the war start, before during or after the collapse?
 
Blacknarwhal

Blacknarwhal

Let's Go Brandon!
Thinwater said:
They are, but due to their small size they could be bailed out, for now. Mostly liar loans. The banks and borrower both are lying when they say or think it will or can be paid back. It was just done to prop up the system and keep up the facade for a few more years. Italy, Spain, and Portugal are "To big to bail" instead of to big to fail.

Once one of them goes, it is over. Germany is the biggest of them all. If their version of Bank of America fails, all of Europe is done. We would follow quickly.

The question is, when would the war start, before during or after the collapse?
Click to expand...

After would be my guess. The collapse would likely be too sudden to mobilize for war with any rapidity. A couple weeks after, maybe. Plus there'd need to be an excuse somewhere, and the whole "send everyone's diplomats home" is too shoddy.
 
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