The End of Cash

[Organ Morgan.]

None of the events you mentioned caused panic in any UK streets.

Think contagion, counterparties and dominos falling. Their derivatives book's value is similar to the entire world's GDP and 20 times that of Germany, Europe's biggest and most successful economy. The bank dwarfs Lehman Brothers in size and importance. It going down could make 2008 and everything that followed seem like nothing important. That's why Christine Lagarde, the IMF boss, described it as the world's most dangerous bank.

[Dr Lecter]

None of the events you mentioned caused panic in any UK streets.

Think contagion, counterparties and dominos falling. Their derivatives book's value is similar to the entire world's GDP and 20 times that of Germany, Europe's biggest and most successful economy. The bank dwarfs Lehman Brothers in size and importance. It going down could make 2008 and everything that followed seem like nothing important. That's why Christine Lagarde, the IMF boss, described it as the world's most dangerous bank.

Just checked out the window. All is quiet in my street.

Let me know when the looting starts.

My missus wants a new iPod.

[Feedback]

None of the events you mentioned caused panic in any UK streets.

Think contagion, counterparties and dominos falling. Their derivatives book's value is similar to the entire world's GDP and 20 times that of Germany, Europe's biggest and most successful economy. The bank dwarfs Lehman Brothers in size and importance. It going down could make 2008 and everything that followed seem like nothing important. That's why Christine Lagarde, the IMF boss, described it as the world's most dangerous bank.

so we lose a pizza franchise, big deal

[Organ Morgan.]

The greatest risk is that somewhere in the future hyperinflation occurs. If it is bad enough cash could mirror its intrinsic value, which is precisely nothing because fiat money is backed by nothing except faith. Once confidence goes then even in the Satellite City valleys communities they will know all about it.

[Wales-Bales]

Think contagion, counterparties and dominos falling. Their derivatives book's value is similar to the entire world's GDP and 20 times that of Germany, Europe's biggest and most successful economy. The bank dwarfs Lehman Brothers in size and importance. It going down could make 2008 and everything that followed seem like nothing important. That's why Christine Lagarde, the IMF boss, described it as the world's most dangerous bank.

Deutsche Bank fall drags down US stocks

http://www.bbc.co.uk/news/business-37508394


Commerzbank plans to cut 9,600 jobs

http://www.bbc.co.uk/news/business-37505900

[Organ Morgan.]

Their share price fell below 10 euros this morning for the first time. Their CEO has jawboned it up to 10.15 during the past hour.

[Dr Lecter]

Their share price fell below 10 euros this morning for the first time. Their CEO has jawboned it up to 10.15 during the past hour.

On the plus side we're not all dead yet.

[lardy]

On the plus side we're not all dead yet.

How can you joke at a time like this? I don't think you understand. THEIR SHARE PRICE HAS DROPPED BELOW TEN EUROS.

Briefly.

[LordKenwyne]

Their share price fell below 10 euros this morning for the first time. Their CEO has jawboned it up to 10.15 during the past hour.

Multiple FT articles this morning have said it really is not as worrying as some have made out.

Not that they predicted 2008.

[Wales-Bales]

Multiple FT articles this morning have said it really is not as worrying as some have made out.

Not that they predicted 2008.

Not only did they fail to predict the 2008 crash, they also said everything was fine right up until it happened