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Realistbear

U S Prepare Banks For A Double Dip

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http://www.bloomberg.com/news/2011-02-17/fed-tells-banks-to-stress-test-capital-for-recession-with-11-unemployment.html

Fed Tells U.S. Banks to Test Capital Against Recession Scenario
By Craig "Kreg" Torres and Hugh "Hue" Son - Feb 17, 2011 5:00 AM GMT
The Federal Reserve ordered the 19 largest U.S. banks to test their capital levels against a scenario of renewed recession with unemployment rising above 11 percent, said two people with knowledge of the review.

Get ready...because here it comes!

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I don't think many on here thought the crisis was over. I'd go as far to say the UK hasn't even had its recession yet - house prices drop to 5x income - do me a favour. 2008-2009 was just the warm-up, the main event is yet to come.

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If they are testing this isn't it more of an admission there is no recovery?

25% shadow stats unemployment looming?

they are testing the strength of the helicopter landing pads, the hand pallet trucks and the size of the cash vaults....they are gonna be expecting a visit soon from Satan himself with printed media.

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If they are testing this isn't it more of an admission there is no recovery?

25% shadow stats unemployment looming?

maybe we need a little war

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That means more money printing then.

The thought process of the fiscal authorities goes something like "After all, the initial attempts were so successful in buoying the markets and preventing recession and it's only now that the effect is wearing off that we are seeing a downturn looming. Clearly we need a bigger and better money printing programme.".

Also of course, money printing is a brilliant idea when you (govt) and your bankster chums are the chief recipients and beneficiaries of said money. Governments can use it to fund unsustainable deficits. Banksters can use it to snap up assets before the price goes up.

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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