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66 EU Banks to Fail

I have heard some grumblings that employees at Morgan Stanley are incredibly anxious and that the atmosphere at Goldman Sachs is even worse.  I guess it is a highly tension filled bank when the highly compensated but un-re-employable bankers have a fear of getting laid off.  I have also heard rumors that there has been a massive bank nationalization plan in the EU during the last few weeks.  I do not want to ignite rumors, but it is worth knowing about.

In more publicly released news, Bloomberg reports that 66 EU banks would fail new stress tests:

At least 66 of Europe’s biggest banks would fail a revised European Union stress test and need to raise about 220 billion euros ($302.3 billion) of capital, Credit Suisse AG analysts said.

Royal Bank of Scotland Group Plc (RBS), Deutsche Bank AG and BNP Paribas (BNP) SA would need the most, a combined total of about 47 billion euros, analysts led by Carla Antunes-Silva wrote in a note to clients today. Societe Generale (GLE) SA and Barclays Plc (BARC) would each need about 13 billion euros of fresh capital.

Eight banks out of the 90 tested failed the European Banking Authority’s July 15 stress test, with a combined capital shortfall of 2.5 billion euros.

“May you live in interesting times…”

 

Babylon’s Banksters: The Alchemy of Deep Physics, High Finance and Ancient Religion

In this latest installment of his remarkable series of books of alternative science and history, Joseph P. Farrell outlines the consistent pattern and strategy of bankers in ancient and modern times, and their desire to suppress the public development of alternative physics and energy technologies, usurp the money creating and issuing power of the state, and substitute a facsimile of money-as-debt. Here, Farrell peels back the layers of deception to reveal the possible deep physics that the “banksters” have used to aid them in their financial policies.

Feral House also published Farrell’s Philosopher’s Stone: Alchemy and the Secret Research for Exotic Matter.

In this latest installment of his remarkable series of books of alternative science and history, Joseph P. Farrell outlines the consistent pattern and strategy of bankers in ancient and modern times, and their desire to suppress the public development of alternative physics and energy technologies, usurp the money creating and issuing power of the state, and substitute a facsimile of money-as-debt. Here, Farrell peels back the layers of deception to reveal the possible deep physics that the “banksters” have used to aid them in their financial policies.

Feral House also published Farrell’s Philosopher’s Stone: Alchemy and the Secret Research for Exotic Matter.

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