Tag Archives: frightened

EUROPEAN BANKS BECOME FRIGHTENED TO LEND

The self-fulfilling prophecy is on its way. The European Banks don’t trust each other and are therefore heading to a new Banking Crisis, which will lead to a worldwide deepening crisis. The Banks are afraid:  the effects of the debts are becoming clear. Banks don’t know  which banks are holding the debt of the American Mortgages. Also the  bonds of the weak European countries are not helpful. The banks are questioning each other if they get back what they lend other banks. I for instance applaud this system failure. A new system is needed. The old one is already obsolete a long time. Events follow each other quickly in the last couple of months. The last convulsions of the system are seen now.

I see also the downwards spiral of other figures in a lot of countries, jobs down, production down, spending consumers down, housing markets down, and so on. It seems to me that that also indicates the total system failure. Spending nor cut downs and savings will help. They don’t wanna accept the end of the ruling of private banking and excessive greed and ultimate capitalism.

Love and Light,

Lucas