It’s Probably Nothing – Small Dead Animals

9 Replies to “It’s Probably Nothing”

WoW , this is gonna hurt !!!
All i need now are my guns and more ammo and medical supplies , have silver , food stores, slowly getting more water , have lots of tools , going to soon be starting a bug out bag …..should be safe !!
Wait till obama get’s in again then i am out of here , off the grid i go.

If this continues, it may slow down the recovery.
On another note, I wonder how many professional journalists know how to sharpen and use an axe, or snare a rabbit?

You’re right. It’s probably nothing. Now back to rainbows and unicorns for everyone…I meant the US election campaign!

For years, leftist economists have been singing the praises of the “enlightened” economies of Europe, which supposedly had the “correct” mix of central planning and free markets, as opposed to the “cowboy capitalism” of the United States. Clearly, the economic chaos occurring in Europe was not supposed to happen. When banking troubles first hit the U.S., we were all told that this was due to America’s “unregulated” banking system. Europe is famous for regulating its economy, and it would beggar belief that they are not strangling their banks with the same degree of regulation that they apply to every other facet of economic life. Why then is this supposedly wisely regulated banking system verging on total collapse? I can only hear crickets chirping over on the left.

lefty math, a failed concept, butt will continue to rule till there is nothing LEFT

Pulling all that worthless paper out of the bank may save them having it stolen by an insovent government or central banking system, but the inflation of the currency supply will still render it useless. I hope they trade that cash for tangible assets while it holds some value.
BTW: report on metals this month says that national banks around the globe bought 254 tons of gold this month and Soros dumped his bank stocks and bought 130 million in gold.
Jus sayin’

The value of cash is that it can be driven to Germany, Netherlands, etc. if the Euro zone collapses and they can trade the old Euros for new Marks, Guilders, etc. or drive home a new Mercedes.
If you leave the cash in a local bank, you risk getting stuck with a new local currency hence the runs that have occurred on Greek and now Spanish banks.
As other articles have commented, why is there ANY money left in those banks?
Germany and others risk this cash flood but it is a smaller bullet to bite than bailing out the non-cash obligations of the PIIGS. You could see all sort of criteria to try to stem the flow of alien conversions but there will be a black market to go around it.
I wonder when the European Central Bank stops printing bank notes. The Germans and others must be watching the volumes.

I trust everyone realizes this chart is for Spain, not our American friends. But considering Spain’s GDP is approx. $1.5 trillion, a capital outflow of 175 billion euros, or about $200 billion, is pretty significant.

If you look carefully at the graph, the trend isn’t too hard to see..
I’ve googled the the terms, Spain euro capital flight, and there isn’t any new information on this from June, many of the reports are from May. Perhaps next week in September we’ll see the results from July although I don’t see any reason the trend would change. Take your inflated paper money and buy something real.
When the money stops leaving these countries for safer pastures in Britain and Germany, presume that those safe havens will wonder where the new investment has gone.
There were some reports from +6 months past that the germans were printing their own currency again. *just in case*

9 Replies to “It’s Probably Nothing”

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