Topic: The Banking system are highly illiquid right now - page 2. (Read 2678 times)
Zerohedge has some interesting factoids but its relentless angle of doom destroys a lot of credibility. Every article appears to be fundamentally the same and then there's a cascade of comments that are almost completely interchangeable with any of their other writings in the last few years.
How does bitcoin thrive if the fiat banking system is illiquid?
There's no possibility of bitcoin loans. And the only way someone who needs capital can get it in bitcoin is buy using fiat to acquire it, which as you stated is hard to get your hands on in Europe right now.
There's no possibility of bitcoin loans. And the only way someone who needs capital can get it in bitcoin is buy using fiat to acquire it, which as you stated is hard to get your hands on in Europe right now.
This article talks about how people are trying to protect their assets :
http://www.zerohedge.com/news/2015-02-19/meet-bureaucrat-who-had-courage-tell-truth-will-be-jobless-tomorrow
Big financial institutions in Europe can't sell more than a few millions euros worth of bonds to a bank, the market is highly illiquid. Gold and Bitcoin should thrive when the thin lawyer of confidence that the western populations have in their banking systems start to crack. It could be in a year or two years but it feels like it started so it could happen much sooner.
http://www.zerohedge.com/news/2015-02-19/meet-bureaucrat-who-had-courage-tell-truth-will-be-jobless-tomorrow
Big financial institutions in Europe can't sell more than a few millions euros worth of bonds to a bank, the market is highly illiquid. Gold and Bitcoin should thrive when the thin lawyer of confidence that the western populations have in their banking systems start to crack. It could be in a year or two years but it feels like it started so it could happen much sooner.
Zerohedge is great but predicts doom all the time!
There ahave been stress tests recently and even if they weren't really thorough enough, the banks all passed, so they aren't completely illiquid!
Have you look at the stress tests from the ECB? They are here http://en.youscribe.com/catalogue/tous/current-affairs-and-social-debate/current-affairs-events/stress-tests-aggregate-report-2511723
The worst scenario they tested for unemployment is 12.2%, -0.3%/year for inflation but they don't even test an inflation rate of 3%/year; -20% for stocks, about -1% growth a year; 3.8%/year for interest rates.
The ECB will monetise the debt because the politics will not be honest enough to do a haircut; the voters will fall for more government intervention waiting for a providential great group of guys to run the countries but it won't happen because bad people are attracted by the power and power corrupts.
Imho the amount of liquidity hasn't change that much.
Just now everybody is scared to invest, from the average Joe to the biggest bank.
Before the crash they were used "high risk bonds = big money". Now they look "there is a risk, ow, no thanks. Doesn't matter how small the risk is."
Also, quite a lot of people / institutions are kinda expecting a new crash. And new crash means HUGE opportunities. Just you have to have the money NOW for those.
Just now everybody is scared to invest, from the average Joe to the biggest bank.
Before the crash they were used "high risk bonds = big money". Now they look "there is a risk, ow, no thanks. Doesn't matter how small the risk is."
Also, quite a lot of people / institutions are kinda expecting a new crash. And new crash means HUGE opportunities. Just you have to have the money NOW for those.
This article talks about how people are trying to protect their assets :
http://www.zerohedge.com/news/2015-02-19/meet-bureaucrat-who-had-courage-tell-truth-will-be-jobless-tomorrow
Big financial institutions in Europe can't sell more than a few millions euros worth of bonds to a bank, the market is highly illiquid. Gold and Bitcoin should thrive when the thin lawyer of confidence that the western populations have in their banking systems start to crack. It could be in a year or two years but it feels like it started so it could happen much sooner.
http://www.zerohedge.com/news/2015-02-19/meet-bureaucrat-who-had-courage-tell-truth-will-be-jobless-tomorrow
Big financial institutions in Europe can't sell more than a few millions euros worth of bonds to a bank, the market is highly illiquid. Gold and Bitcoin should thrive when the thin lawyer of confidence that the western populations have in their banking systems start to crack. It could be in a year or two years but it feels like it started so it could happen much sooner.
Zerohedge is great but predicts doom all the time!
There ahave been stress tests recently and even if they weren't really thorough enough, the banks all passed, so they aren't completely illiquid!
This article talks about how people are trying to protect their assets :
http://www.zerohedge.com/news/2015-02-19/meet-bureaucrat-who-had-courage-tell-truth-will-be-jobless-tomorrow
Big financial institutions in Europe can't sell more than a few millions euros worth of bonds to a bank, the market is highly illiquid. Gold and Bitcoin should thrive when the thin lawyer of confidence that the western populations have in their banking systems start to crack. It could be in a year or two years but it feels like it started so it could happen much sooner.
http://www.zerohedge.com/news/2015-02-19/meet-bureaucrat-who-had-courage-tell-truth-will-be-jobless-tomorrow
Big financial institutions in Europe can't sell more than a few millions euros worth of bonds to a bank, the market is highly illiquid. Gold and Bitcoin should thrive when the thin lawyer of confidence that the western populations have in their banking systems start to crack. It could be in a year or two years but it feels like it started so it could happen much sooner.
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