Bank crisis in Italy may spark ‘doom loop’ for UK, warns Bank of England

[scooterscot]

Lehmans squared?

Think so... Lehmans final years leading up to bankruptcy and Deutsche below, you could almost sit the graphs on top of each other. Germany does not have trillions to pay Deutsche derivative debt. When the derivatives go belly up watch the Gold ETFs do the same thing, then the price of gold rockets to $9500, where it should be if paper gold did not exist. Blockchain, probably Ethereum, will then be used to record and ensure future derivatives are honoured.







Last ten years of Deutsche Bank

[Yorkie62]

But I thought (i.e. know, but I'm being facetious because you're selectively reporting stuff) that Italy had stockpiled gold over the last ten years and had plenty of savings so we don't need to worry about them any more?

Take your duplicitous reporting and shove it.

I thought Italians and the Germans had been stockpiling Gold as far back as the late 1930's, early 1940s. It's a bugger though when you can't remember where you buried it

[shaunbhoy]

Ignorance is bliss...

Well who better to point that out than a simpleton like you?

Well done........owning up can be a powerful first step!

[Old Greg]

Well who better to point that out than a simpleton like you?

Well done........owning up can be a powerful first step!

How can you be so stupid, as to think the UK is in the Eurozone?

[AtW]

How can you be so stupid, as to think the UK is in the Eurozone?

Uni of Life, even though looks like he dropped out from it ...

[darmstadt]

How can you be so stupid, as to think the UK is in the Eurozone?

It's not difficult when your motto is: "Stupidity is the deliberate cultivation of ignorance" although I personally suspect he doesn't even have to cultivate it, it's a trait of the lemming people...

[minestrone]

Does anyone actually work south of Rome?