http://mobile.bloomberg.com/news/2011-09-20/bank-of-china-halts-forex-trade-with-europe-banks-reuters-says.html
China is getting worried about counterparty risk on FOREX contracts from UBS and Societe Generale, the large French Bank – which is reported to have significant exposure in Greek debt.
Yeah man, Italia on the downgrade. It doesn’t look good for the Euro. Beck said they will fall like dominoes when Greece goes. As one of the few that do not have ‘cable’ nor a satellite receiver, for my TV. Some days I do flip over from ‘Hogans Heroes’ to see what Scott Pelley and Brian williams is saying about the economy. Not much. Its all how crazy President Zero is trying to work with congress to get the economy going again.
It ain’t happening. When the Euro-trash go in the tank, it will cause some banks here to crumble. CBS & NBC miss this boat completely. I don’t care what the ‘Kaddaffy’ & Libyans are doing, but the NBC execs think its important.
Its a brave new world, get you some cash before the ‘Bank Holiday’ arrives and the ATM’s quit working. Cash will work for a while, then who knows what will be currency?
maybe water filters or Rook cards, or cans of Treet? If we’re not careful we’ll all be on survivor this time next year?
Stay safe out there !