European bank runs have come to the U.S. (Iran, Iraq, soldiers)

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...and the growing MF Global fiasco is the first sign of it. $1.2 BILLION is still missing!

Yes, The BoomBustBlog Forecast Pan-European Bank Run Has Breached American Soil!!! | ZeroHedge

Are you prepared for a bank run at your bank?

[GTOlover]

No not for me because Canadian banks have limited Exposure to limit against them EU debt but... If they hit the US banks hard and they cannot contain it then we are in trouble because being America #1 largest trading partner means our banks have lots of Exposure.

If some of the the major US banks fail then We all are in deep trouble

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No one gets out of this unscathed. Canada and everybody else has interconnected economies even if they do not have derivatives of their own on the books.

China is also on the downswing as their housing bubble is now starting to burst. This week's emergency liquidity measures by multiple central banks around the world should be evidence enough that the problems we face are both HUGE and GLOBAL.

Unfortunately, these are the precursors to war. Study history and you'll see every war begins with economic imbalances.

[KUchief25]

Former French PM (can't remember his name now) said in an article I read yesterday that if the EU crumbles we could see '30's type nationalism take root in many countries and Europe could break out into war.

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Originally Posted by KUchief25

Former French PM (can't remember his name now) said in an article I read yesterday that if the EU crumbles we could see '30's type nationalism take root in many countries and Europe could break out into war.

Totally true, but that might not be the only conflict to flare up into war. There are other worldwide scenarios which may occur simultaneously or even before a European conflict:

-China may come knocking on our door asking to be compensated for all the worthless US bonds/dollars we fooled them into buying.

-Isreal may decide to take matters into their own hands and attack Iran's nuclear facilities

-Iran WILL try to fill the void in Iraq as we pull all our soldiers out.

-Pakistan may start to flex its nuclear muscle against us and/or India.

-North Korea has been preparing for a real war for decades and Kim Jong Il's rhetoric is increasing.

-Don't forget the Sudan, Egypt and Libya which are all still very volatile.

-Syria is heating up as we have now parked an aircraft carrier off their coast and imposed sanctions

It's getting real... too real. And I'm usually the one who scolds others for being scare mongers.

[HappyTexan]

Originally Posted by KUchief25

Former French PM (can't remember his name now) said in an article I read yesterday that if the EU crumbles we could see '30's type nationalism take root in many countries and Europe could break out into war.

And do you think that drastic move the other day by the central banks and this time included China isn't trying to stave off a collapse ?

It must be bad if China pitched in. That's all I got to figure because China has been standing on the sidelines these past 3 years.

[KUchief25]

I think the powers that be want a one world central bank. When the EU collapses they will move in and issue CDR's which have been laying on the back burner for a while. One world currency move. China is having problems of their own with their housing bubble collapsing and economy stagnating. They are in on this even if they don't want to be it seems.

Property Prices Collapse in China. Is This a Crash? - Forbes