“Banking Crisis Explodes in Europe on a Sunday Afternoon: Austria Orders First-Ever Bank “Bail-in”; Takes Depositors Money for Failed Bank
The whole world knows what is happening, except for those who listen to the news, which at this point is all propaganda used to distract people from what is actually happening. In case you have missed it, America is already at war with Russia (meaning so is Canada, UK and Australia by default). China has stepped in to support Russia and why not, China is now the no.1 superpower on the planet and taking many of USA assets since they defaulted.
The war has been going for awhile, mostly economic so far but then so are all wars. Even the bombing in Syria is arguably all about economic issues at heart. (If they sold the war to the public saying it was about money, it would not be supported, so they have to find an ‘enemy’ each time and then sell it to us so we are more than happy to see cities razed to the ground and women and children murdered.) Even the threats to North Korea are for reasons other than you are told.
This war is not working. Sure the Russian Ruble crashed, but Russia is doing just fine and surviving. When the US dollar crashes, the same can’t be said. All of the wars are ways to prop up the US dollar, which is clearly dead in the water since countries are not trading with it anymore. America hates Russia because they are now trading oil directly for gold. Russia is launching the new SWIFT payment system to replace the corrupt global banking system. The 188 or so BRICS countries are ignoring America and moving towards new systems that completely ignore the old powers that be, because they are corrupt.
So what does this have to do with the bank run? Well everyone knows what is occurring, war is already started, economic collapse is very, very close now. They may also know that all of their gold is about to be stolen, just simply taken or withheld, so before it all collapses they are repatriating their gold back to their own countries, hence a big ol’ bank run. It might be wise to follow their example. Here is a good article below from here.
We’re in the middle of a really big bank run. No, really. This is massive. And it is a bad sign for what’s coming at some point in the near future.
What kind of bank run is this? It is completely different from the runs that the U.S. saw during 1929, at the beginning of the Great Depression. Those were periods of panic where individuals pulled their money out of their local banks.
This is, as one zerohedge.com commenter aptly put it, “the quietest bank run in history.”
The run we’re in now is one in which countries are pulling their gold out of international vaults and bringing it home again.
They won’t be burying it in their backyard, though, because the amount of gold they’re pulling is staggering.
Which countries have seen recent movements repatriate their gold? Here are some of the most notable ones — France, Holland, Germany, Romania, Belgium, Poland, Azerbaijan, Iran, Libya, Ecuador, Mexico, and Venezuela.
And we’re not talking about bringing home chump change. We’re talking about huge ‘withdrawals’ of gold. For instance, Holland brought home 122.5 metric tons of gold that was held in the Fed. That is 20% of its total gold, and 10% of its total foreign reserves. And France’s presidential front-runner is calling for “all” French-owned gold to be “urgently” returned to France. (Forbes) We’ll see if they can pull that off before it’s all gone.
And the numbers are also impressive for other countries wanting to bring home their gold.
What does this show?
It shows a lack of faith in the financial system. Why do people pull their money from the bank during a bank run? they’re afraid they’ll lose their money, and they would rather protect it themselves.
For the same reason, countries around the world are losing faith in those holding their gold. They’d rather protect it themselves.
But why do they want to protect it themselves?
There are a variety of possible explanations, but a few stand out to me.
We’re in a period of war. Both economic and traditional warfare has begun, with most of it still remaining economic. During a period of war, there is less certainty than usual. And where there’s a lack of certainty, there’s a desire to hold your own gold.
Second, we’re on the verge of an economic collapse. This is obvious. Sure, the dollar is supposedly ‘strong’ right now, but that is due to currency manipulation. (You really ought to take some time to understand how currency manipulation works — it is important.) At some point, it’ll collapse. Would you trust the Fed with your gold when that happens?
Third, gold is far more valuable than it is priced right now. And the more valuable it becomes, the less appealing it is to leave it in someone else’s care.
So countries are bringing home their gold, and they’re not taking their time.
So, in a sense, we really are in a bank run. And it is probably only a matter of time before a run comes to your bank, too.