slawek

You can withdraw it as notes/coins or it can flow to non-bank accounts at ECB e.g. government. Usually these are not big numbers and what banks borrow from ECB is very close to what they keep at ECB (mininum reserve + deposits). High level of deposit facility is a sign of a run on banks in countries with problems. Banks in such countries need to borrow money from ECB to be able to transfer client money to banks in safe countries. In this process safe banks accumulate "ECB money" in their current account at ECB. The safe banks then move the excess over their minimum reserve requirement to deposit account at ECB to get some interest.

They are well aware http://www.globalresearch.ca/index.php?context=va&aid=19873

In my opinion globalisation is the root cause of the mess we are in now. It ignited the credit buble and allowed it to grow without creating big inflation.I am suprised that Goldsmith warned about the problem in 1994. He was ahead of his times. He is right not only about consequences for the West but also about big problems it will create in countries joining the global trade. I am terrified when I image tens of millions people dying in China as a result of social unrests. In long term globalisation should be good for most of people living on this planet but the transition will be very painful.

Amen

that is interesting http://www.google.com/trends?q=estate+agen...=all&sort=0

Anyone thought going short Persimmon?

Buying other firm is also a good way to hide problems.