Spains Bank Collapses Overnight
I just watched a video Maneco64 posted on Youtube describing what is happening in Spain with their Banks. I think this is the start of what is to come the next couple months (to years if it goes on that long). If you like this post feel free to "Resteem" this post and follow me at "https://steemit.com/@cryptowallet"
But the stock market is still up
Yes, because like all markets they are falsely manipulated, (Libor, precious metals, stock market, forex etc) the pump and dump of society is coming (as always planned by the bankers), they must keep confidence high in the investment markets right uo to the day of the crash to ensure the best possible result, the transfer of all wealth to them while the world burns.
This is why cryptocurrency is the saviour of the people's wealth and a new model for our future. The banks will try to control, infiltrate and discredit these new financial alternatives, but ultimately the block chain doesn't lie...and they know their end is upon them :)
WOW, scary news.
on a lighter note, Happy stacking Billy! :)
Just another one of the PIGS nations to go belley up. For those who dont know what PIGS stand for...Portugal, Italy, Greece and Spain.
History repeats itself!!! Central banks making the people poor!!!. Blockchain technology by far the best invention for keeping the money!!!
Banco Popular has been suffering several months of decadency. The president only purpose was to sell the bank, and the time to receive offers had to be amplied because nobody wanted to buy it.
As far as I know there is no other bank in Spain at risk, and Spanish Banco Santander and BBVA are currently two of the strongests banks in Europe. While French and German banks were investing in Greece, this two Spanish banks were investing in South America, thats why they are in a good situation in spite of the economic situation in Spain.
Seems like the next bank to fail may be Italian.
It is getting worse and worse ...
Just got word of this too, I'm of the same mind, it could be the start of something much bigger.
Excellent discussion on possible upcoming Euro banking crisis hitting the point of no return. Here come more bail-ins, yet the Euro is up since the beginning of the year. Do you see a reversal coming? Following, and subscribed!
Very ominous.
Billy doesn't look the least bit worried though---he's got his silver stack. Smart doggy.
http://www.zerohedge.com/news/2017-06-07/bill-blain-if-you-think-has-happy-ending-you-havent-been-paying-attention