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US bank lending falls at fastest rate in history

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  • Sun, Mar 07, 2010 - 02:23am

    #1

    investorzzo

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    US bank lending falls at fastest rate in history

Bank lending in the US has contracted so far this year at the fastest rate in recorded history, raising concerns that the Federal Reserve may have jumped the gun by withdrawing emergency stimulus.

http://www.telegraph.co.uk/finance/economics/7259323/US-bank-lending-falls-at-fastest-rate-in-history.html

  • Sun, Mar 07, 2010 - 02:30am

    #2
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: US bank lending falls at fastest rate in history

NO EXIT

What if – to put it simply – you couldn’t get out of a debt crisis by creating more debt?
Bill Gross, PIMCO, March 2010

3

http://www.financialsense.com/fsu/editorials/schoon/2010/0303.html

  • Sun, Mar 07, 2010 - 03:15am

    #3
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: US bank lending falls at fastest rate in history

http://www.zerohedge.com/article/gary-gorton-shadow-banking-system-run-and-interplay-shadow-and-traditional-banking

  • Sun, Mar 07, 2010 - 11:47pm

    #4
    Peak Prosperity Admin

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    Re: US bank lending falls at fastest rate in history

Thanks for your post, Davos. Excerpt:

“It is obvious that should another systemic stress episode emerge and money contract by a massive amount, the end consumer will matter little when total global credit collapses from $600 trillion to mid double digits, thereby decimating the real shadow monetary base, and realligning global assets with a liability side in flux.”

  • Tue, Mar 09, 2010 - 05:28am

    #5
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: US bank lending falls at fastest rate in history

Fears of A Second Financial Crash Are Real

http://globalresearch.ca/index.php?context=va&aid=17960

  • Tue, Mar 09, 2010 - 05:31am

    #6
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: US bank lending falls at fastest rate in history

Tracking the U.S. government’s
journey towards bankruptcy

http://www.financialsense.com/fsu/editorials/pollaro/2010/0308.html

  • Tue, Mar 09, 2010 - 06:03am

    #7
    Peak Prosperity Admin

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    Re: US bank lending falls at fastest rate in history

What if – to put it simply – you couldn’t get out of a debt crisis by creating more debt?

Seems to make sense to me.  What do you think the most logical thing to do would be to end the crisis by debt?

  • Tue, Mar 09, 2010 - 04:17pm

    #8
    Peak Prosperity Admin

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    Re: US bank lending falls at fastest rate in history

China puts people before banks

“In the UK and US, the financial sector is booming, while the world of normal people seems to be going from bad to worse, unemployment is high, businesses are folding and house foreclosures are still taking place. Wall Street and Main Street might as well be existing on different planets. And this is in large part because banks are still not lending money to the people. In the UK and US, banks have captured all the money from the taxpayers and the cheap money from quantitative easing from central banks. They are using it to shore up, and clean up their balance sheets rather than lend it to the people. The money has been hijacked by the banks, and our governments are doing absolutely nothing about that. In fact, they have been complicit in allowing this to happen.”

International banks are predators of the real economy, or at least what is left of a real economy.  The people are made to pay for bank losses as they are told this is the only way to reestablish credit.  Of course, this is a blatant lie as we can now see.  Citizens are extorted in broad daylight by a corrupt government that is only accountable to the CFR, Trilaterals and the Bilderberg group.  

“The Chinese solution to a failed banking system would be to nationalize the banks themselves, not just their bad debts. If the U.S. were to adopt that approach, we the people would actually get something of value for our investment – a stable and accountable banking system that belongs to the people. If the word “nationalize” sounds un-American, think “publicly-owned and operated for the benefit of the public,” like public libraries, public parks, and public courts. We need to get our dollars out of Wall Street and back on Main Street, and we can do that only by breaking up our out-of-control private banking monopoly and returning control over money and credit to the people themselves. If the Chinese can have the best of both worlds, so can we.”  – Ellen Brown

China is one of the few countries remaining that values nationalism.  The U.S. is owned and controlled by mostly non-Americans who are intent to reduce us to a third world nation.

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