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IMF warns of threat to global banking system

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posted on Sep, 21 2011 @ 11:32 AM
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The International Monetary Fund has warned that the global financial system is more vulnerable now than at any time since the 2008 financial crisis.

Some European banks are particularly weak and "urgently need to bolster their capital levels", the IMF said in its Global Financial Stability Report.

It said time is "running out to tackle vulnerabilities" that threaten the banking system and economic recovery...


Well up to now they have basically only been talking openly about the danger of another global recession. If the IMF is talking this way noone has the right to disparage what has been the mainstay of conversation in this forum for as long as anyone can remember. It is high time the doubters ate some humble pie & admitted their optimism was ill-placed. The entire system is under threat.


The IMF's twice-yearly stability report said the risks to banks and financial markets had grown...

Europe should consider tapping its Financial Stability Facility - a fund set up to provide aid to indebted countries - to support their weakest banks, the IMF said.

"Some European banks urgently need to bolster their capital levels," the report said.

"In current market conditions, however, this may not always be possible, so public backstops, first at the national level and ultimately through the European Financial Stability Facility should be used to provide capital to banks as needed..."


So what are they planning to do?


The 187-member group is holding its annual meeting at the end of this week in Washington, bringing together finance ministers and central bankers from around the world...


Now that's going to be one to watch. (Backstage rumours will no doubt be rife, and possibly more informative concerning what is really being said.)

Is there a way forward for the US, you ask?


The report also said: "Restoring confidence in the stability of the US housing market is the key to bolstering the prospects for US banks."


Good luck with that!


Source




posted on Sep, 21 2011 @ 11:38 AM
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So the housing market is the key to america's economic survival eh?

Good luck bankers LUL



posted on Sep, 21 2011 @ 11:44 AM
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Im sorry but when all the major banks and nations come togeather to have a meeting, you know Stuff is F'ed up and the S is about to hit the fan world wide!

They dont even make it a point to try and hide the fact that they are having a global meeting.
edit on 21-9-2011 by camaro68ss because: (no reason given)



posted on Sep, 21 2011 @ 02:43 PM
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What was it the controllers said in the movie Dark City when they were found out? "Shut it down, shut it all down!" A collapse is not the end as the banksters would like us to think, it's just the end of their control. Of course that scares them, so they are going to make doom and gloom noise, try to insure they make fear drive decisions.

It's worked in the past (/sarcasm on) but I hope people are smarter and more aware now. (/sarcasm off)

I welcome the collapse of the entire corrupt financial and political system, so long as all the banksters and politicians are hunted down like the rabid dogs they are and brought to justice.

Cheers - Dave



posted on Sep, 21 2011 @ 09:56 PM
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I have seen plenty of post here of those desiring the total collapse of the financial sector in the belief that this will somehow rid us of the "evil bankers". Back in 1910 - 1912 a similar situation occurred and the creature from Jekyll Island was born. So we have a meeting of the global financial sector about to take place and I have no doubt a new creature will be born.

Just because the system is allowed to collapse, by design, does not mean that the new system will be the financial savior of the masses. Actually quite the opposite will occur yet the masses will believe they have gained victory over the evil banks. All that will happen is a new sign is placed on the front of the building with a new name. Either way your going to get fleeced if you do not have hard assets and little too no debt. History is about to repeat, pre WW I, WW II. It doesn't take a rocket scientist to figure out where this plot is headed.



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