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Thread: Stock Market Collapse Starts Tomorrow

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  1. #19
    https://news.sky.com/story/run-dynam...hours-12707014

    The Bank of England's dramatic intervention today was in response to a "run dynamic" emerging in the British pensions system which could have resulted in the collapse of a swathe of institutions within hours, Sky News understands.

    That in turn threatened the finances of many major banks, which would have faced severe troubles if those funds had collapsed. more at link
    I think it's just temporarily delaying the inevitable so the liquidation operation can be completed.

    I don't make memes but imagine the Pope's head instead:



    (note: the Catholic News Agency article I posted earlier in the thread mentions only one commercial bank. A clue perhaps. This weekend there is more and more gossip that said bank is on the verge of collapse.)
    Last edited by devil21; 10-01-2022 at 07:38 PM.
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book



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