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1-800#'s and Instructions for Currency Redemption/Exchange

This is where the 800 numbers and instructions for currency redemption (US) and currency exchange (international) will be posted. This part of the page will remain until the "TETELESTAI" email has been distributed to us. Thank you.

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Featured Post

"Alert! Important Up-Date Coming..." - One Who Believes - 12.7.16

Entry Submitted by One Who Believes at 1:37 PM EST on December 7, 2016 Alert! Important Up-Date Coming... This is a heads up to all of D...

Thursday, October 27, 2016

Europe is on the Eve of a Banking Armageddon

Europe on eve of banking ARMAGEDDON which will dwarf 2008 global crash, warns expert

GERMANY, Italy, Switzerland, Britain and France are facing the catastrophic consequences of ‘over leveraging’ as Europe's biggest banks prepare to release their latest results over the next two days.

By SIOBHAN MCFADYEN

PUBLISHED: 04:25, Thu, Oct 27, 2016 | UPDATED: 07:41, Thu, Oct 27, 2016

With alarming simliarities to the 2008 global financial crash, the latest results could spell disaster not only for the wealthy bankers paid to operate the system but for ordinary savers.

New York based David Hendler of Viola Risk Advisors says the next two days could have serious ramifications for the entire globe.

He said: "Like autumn leaves falling from the mighty oaks, the incredible yellows, oranges, and reds, will turn and rot into the ugly browns and black detritus, leading to smelly and then crumbled leaves.

Deutsche Bank's debt could affect the rest of the European banks

"Once a mighty European bank, unfortunately, Deutsche Bank is going down that “death-spiral” path and much of the big European banks are too whether due to their own transgression or sucked down into the European bank ocean depths by the biggest bank in Europe, Deutsche Bank.

"Compounded by a crippled Italian banking system with no easy way out, and anaemic French banking and half-hearted British banking, these big European region banks do not present any good merger saviours.

"Don't look to the Swiss which are always insular and with Swiss banking continuing in its fortress-like capital wall building mode cannot handle troubled balance sheet banking target.

"Also, with Swiss banks formerly old reliable asset management business continuing to slow whether in China region or Europe and America, they are revenues challenged.

Lloyds could need a state bail out

"Spanish banking, though experiencing sluggish revenues seems to be buoyed by its lock on its domestic retail banking markets.

"But don't look for the 'conquistador banks' for any mercy mergers either."

Mr Hendler who held a conference call with global investors yesterday is preparing to publish a lengthy report tomorrow when the results begin to become clear.

The IMF has refused to step in to prop-up struggling bank

He added: "For the most part, all of the above-mentioned German, British, Italian banks either require a State government intervention or they have already been intervened.

"SocGen is the most dangerous French bank with huge systemic risk, ranking as the third highest exposure at $72 billion according to the NYU V-Lab.

"More troubling is that based on the European Banking Authority stress test forecasts.

"For the year 2017 it would take SocGen 11 years to rebuild its capital from pre-tax pre-provision operating earnings.

"That is just plain too long a capital rebuild period and speaks to the company's dangerous systemic risk profile.

"Yet, if the biggest bank in Europe is scrambling, this condition could spread like a wild-fire and encircle much of European banking leading to a possible state of contagion aka as a European regional banking systemic liquidity crisis a point we made in early September."

Source

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