Guardian Live - Euro: Reports that low coast loans from the ECB has been taken up by 523 banks at the cost of 489 billion Euros. Think about this folks, 523 banks needed this bailout, how many would have hit the wall without this generous loans scheme, people its time to check if your BANK is safe, or is your bank a fraud. The debt held by EU banks from Sovereign debt only needs for Italy or Spain to fold for the whole system, to hit the floor folks. This just might be the time to buy silver or gold, paper is only has value if it can be backed up by the system, when that system itself could fold time to get back to essentials.
Wednesday, December 21, 2011
523 EU Banks in Trouble ?
Guardian Live - Euro: Reports that low coast loans from the ECB has been taken up by 523 banks at the cost of 489 billion Euros. Think about this folks, 523 banks needed this bailout, how many would have hit the wall without this generous loans scheme, people its time to check if your BANK is safe, or is your bank a fraud. The debt held by EU banks from Sovereign debt only needs for Italy or Spain to fold for the whole system, to hit the floor folks. This just might be the time to buy silver or gold, paper is only has value if it can be backed up by the system, when that system itself could fold time to get back to essentials.
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