27 Sept 2013
Panama Announces 5 Day Bank Holiday! Bail-in Imminent?
The Doc: *Updated 4pm EST with notice to customers from National Bank of Panama’s websiteThis morning the National Bank of Panama announced that it was suspending all services until Tuesday the 1st of October. The National Bank of Panama claims that the reason for the 5 day bank holiday is to upgrade systems. The Clave (Debit Card) system has been taken offline. No wire transfers between banks and internationally until the 1st of October.
This system wide shutdown has country wide implications. The National Bank of Panama did not warn the people before making the announcement and shutting down the banks. The people do not have access to ATM’s either. We received word of this from family members first. This weekend is payday for people across Panama. Is the next Cyprus-style bankster bail-in about to be implemented in Panama?
Zeitgeist Versus the Market - Peter Joseph Debates Stefan Molyneux
The truth about the EU’s financial situation in one word
BANKRUPT
predictions vindicated on all fronts
The Slog: In recent weeks, the Slog has consistently questioned the
official version of the European Union’s ‘situation’: the wisdom of the
German electorate, the mysteriously missing eurozone investment data,
the state of Spanish banks, the real nature of Greek debt repayment
schedules and possibilities for a recovery, the obviously mendacious
nature of the Italian economic data, the insolvency of the Monte del
Peischi Bank, and even whether David Cameron had genuinely secured a
reduction in the EC budget. In particular, the slurry of poor data that
followed Merkel’s victory last weekend seemed to me on Monday and
Tuesday worthy of comment. Judge for yourselves as to what the real
situation is in the light of what follows below.
French Bank SocGen just issued this damning commentary on credit and growth in the eurozone:‘Loan production to the private sector growth dropped further by €8bn or 1.5% yoy. Looking forward, this suggests that a recovery in private investment at the area level is not something to expect in the near future. Private-sector credit growth remained negative in August, falling by 2.0% yoy. Adjusted for sales and securitisation, private-sector loan production dropped by €8bn, after respective tumbles of €35bn and €44bn in July and June. Loan production to the private sector stood 1.5% below its year-ago level in August.’
OMFG!!! Tory Entrance Slogan "Work Makes You Free" - The BBC Sucks O Cocks News
The artist taxi driver
When Feminists Get Dumped
Greece On The Verge? Military Special Forces Have 15 Demands... Or Else
Submitted by Tyler Durden: Greek government authorities are on alert after a union of Greek army reservists of Special Forces issued a statement urging the Greek administration to step down and make way for a national unity government. As Keep Talking Greece notes, the statement on the union' website included 15 demands - including the resignation of the Greek President - and urged people to gather at the infamous Syntagma Square on Saturday. The statement was interpreted by some as a call to a "coup d'etat" - denied by the union - but prompted Greece's Supreme Court to meet to discuss it.
The 15 Demands...The announcement of reservists as posted on the website keed-hellas.blogspot.com
"OUR PRIMARY PURPOSE DEFENSE OF OUR COUNTRY.
Reservists Special Forces and the Greek people to implementation of Article 120 of the Constitution requires:
One. IMMEDIATE RESIGNATION OF GOVERNMENT of the impossibility of providing the people as provided in the Constitution at Work (Article 22), health, education, justice, security.
Two. ESTABLISHING A NATIONAL GOVERNMENT PLANS chaired by Supreme Court of personalities on proven outside politics and consultants from the Academy of Athens.