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Europe on Eve of Banking Armageddon That Will Dwarf 2008 Global Crash, Alerts Expert!

Thursday, October 27, 2016 8:14
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(Before It's News)

Europe On Eve Of Banking ARMAGEDDON That Will Dwarf 2008 Global Crash, Alerts Expert!

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Written by JayWill7497

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GERMANY, Italy, Switzerland, Britain and France are experiencing the catastrophic consequences of ‘over leveraging’ as Europe’s largest banks get ready to release their latest results over the next 2 days.

And analysts point out the possibilities for a cataclysmic failure could spread like a wild-fire hitting the continent and beyond as the true extent of deep difficulties in the international banking sector are exposed.

The IMF and German governments have declined to step in to prop-up struggling banks but risk analysts are forewarning Deutsche Bank, RBS, Lloyds, Unicredit, Intesa SanPaolo, and BMPS could all require a state bail out.

And it’s going to be a wake up call for the whole entire of Europe point out experts who fear the reports are not going to be good for anyone.

With mind boggling simliarities to the 2008 global financial crash, the most recent results could spell disaster not only for the wealthy bankers paid to run the system but for common savers.

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New York based David Hendler of Viola Risk Advisors states the next 2 days could have considerable ramifications for the whole globe.

He stated: “Like autumn leaves falling from the mighty oaks, the incredible yellows, oranges, and reds, will turn and rot into the ugly browns and black detritus, leading to smelly and then crumbled leaves.

“Once a mighty European bank, unfortunately, Deutsche Bank is going down that “death-spiral” path and much of the big European banks are too whether due to their own transgression or sucked down into the European bank ocean depths by the biggest bank in Europe, Deutsche Bank.

“Compounded by a crippled Italian banking system with no easy way out, and anaemic French banking and half-hearted British banking, these big European region banks do not present any good merger saviours.

“Don’t look to the Swiss which are always insular and with Swiss banking continuing in its fortress-like capital wall building mode cannot handle troubled balance sheet banking target.

“Also, with Swiss banks formerly old reliable asset management business continuing to slow whether in China region or Europe and America, they are revenues challenged.

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“Spanish banking, though experiencing sluggish revenues seems to be buoyed by its lock on its domestic retail banking markets.

“But don’t look for the ‘conquistador banks’ for any mercy mergers either.”

Mr Hendler who held a conference call with global investors yesterday is planning to distribute a lengthy report tomorrow when the outcomes start to become clear.

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He included: “For the most part, all of the above-mentioned German, British, Italian banks either require a State government intervention or they have already been intervened.

“SocGen is the most dangerous French bank with huge systemic risk, ranking as the third highest exposure at $72 billion according to the NYU V-Lab.

“More troubling is that based on the European Banking Authority stress test forecasts.

“For the year 2017 it would take SocGen 11 years to rebuild its capital from pre-tax pre-provision operating earnings.

“That is just plain too long a capital rebuild period and speaks to the company’s dangerous systemic risk profile.

“Yet, if the biggest bank in Europe is scrambling, this condition could spread like a wild-fire and encircle much of European banking leading to a possible state of contagion aka as a European regional banking systemic liquidity crisis a point we made in early September.”

These People Are A Danger To Themselves And Others! Wake Up!!!!!!

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There’s Nothing More Valuable Than Knowledge.

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  • You make it sound like all this is done by ACCIDENT lol

    I suppose that is why they carried on doing the same thing after the 2008 man-made “Financial Crisis” is it? :lol:

    Money is loaned out of “NOTHING” and then the banksters charge interest on that NOTHING

    So Technically speaking, they could CANCEL all outstanding debts in the World and keep the interest that they already collected and the dozen or so elite families that own all the central banks in the World would still have made Trillions and Trillions and Trillions of dollars from NOTHING

    Yet loads of their Privately owned banks already recieved well over $20 TRILLION dollars in 2008 and they dumped that on the taxpayers of various countries

    All that it will take to AVOID a total collapse, is to write off that debt, and then start again and PRETEND that Money isn’t used as a weapon of mass dist ruction

    Easy fix :lol:

  • Already the presidential election between plutocratic candidates in the US and preservation of the Earthly system of plutocratic slave domination are meaningless for the destiny of Earth which is facing disappearance of Earth
    ―Measures on disappearance of Earth and ruling planets of Earth by reptilians and draconians will be carried out resolutely in December, 2016 by the Creators
    Oct 27, 2016 Tatsmaki
    General cleaning of Earth, i.e. of the planet of evil and corrupt plutocratic slave domination will occur in December, 2016 by the Creators.
    Planet Nibiru being 5 times larger than Earth is rapidly approaching to Earth. The pole shift of Earth will occur in mid-December, 2016, which becomes the new catastrophe of Earth since ancient times of dinosaurs’ extinction.
    And immediately after that, measures on right disappearance of Earth will be carried out resolutely in mid-Dec., 2016 by the Creators. Thus, the blast of massive solar energy emitting from a large solar corona brings explosion and disappearance of Earth from our cosmos.
    At the same time, the planets of reptilians and draconians being Invaders-rulers of Earth since ancient times will be also swept away by the Creators.
    These are results of their evil dees by which they rebelled against the Destiny of the Creators and the planetary development law, they rejected transition to the new society of everything gratuitous services in all fields of human life, and thereby they are hostile to the Creators.

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