“The bank tries to increase its liquid funds, drawing on whatever lines of emergency credit it may have, and to convert it’s illiquid assets into liquid assets, calling in loans. This pressures other banks and financial institutions, who draw on their lines of credit and call their loans and so on until the system collapses,” he writes.
Wow! So much silliness in such a small passage.
have advocated a run on the country’s banks. Such a run, if it occurs, could actually start a chain reaction that would spread to other ostensibly wealthy countries including the United States.
Signs of encouragement!
Only if Soros helps...
Heck, this is very good news for Clinton haters.
The two con artists separated a lot of globalists from a lot of money....predicated on the fact that Hillary was a shoo-in for president.
Heaven only knows what the two greedsters promised in return for donations to the "do-good" Clinton Foundation money laundry.
Do the globalists now where Billy put their money? Remember Billy had a pass-through account....in by AM out by PM.....and no paper trail.
Could have gone to a numbered account in an offshore bank, to a hedge fund, to another do-good foundation.....anywhere.
The French may bbe on to something here. No wall =bankrun.
Sex and dollars are the bottom line for our leadership. They are drunk with the power of those two things. It is bloodless and brilliant.
No wall.. we withdraw.