Total Financial Meltdown...SOON??????
Three major European Banks have called for a financial meltdown in the U.S. in recent weeks. The are Royal Bank of Scotland, Barclays, and Fortis. The CEO of Fortis said it could happen as early as the next few days to few weeks.
Here are a few excerpts:
“The Royal Bank of Scotland has advised clients to brace for a full-fledged crash in global stock and credit markets over the next three months as inflation paralyses the major central banks.
“A very nasty period is soon to be upon us - be prepared,” said Bob Janjuah, the bank’s credit strategist.
US central bank accused of unleashing an inflation shock that will rock financial markets, reports Ambrose Evans-Pritchard
Barclays Capital has advised clients to batten down the hatches for a worldwide financial storm, warning that the US Federal Reserve has allowed the inflation genie out of the bottle and let its credibility fall “below zero”.
BRUSSELS/AMSTERDAM - Fortis expects a complete collapse of the US financial markets within a few weeks. That explains, according to Fortis, the series of actions by the bank of last Thursday to raise €8 billion. “We have been saved just in time. The situation in the US is much worse than we had thought”, says Fortis chairman Maurice Lippens.
Are the European banks giving their clients a heads up that is not being heard in America? What are our politicians doing about it?