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Prediction: Major bank failure in Southern Europe will lead to run on banks. Same as 1931 in Great Depression

(Last Updated On: October 25, 2011)

Prediction: Major bank failure in Southern Europe will lead to run on banks. Same as 1931 in Great Depression

it has been predicted this could happen if a Spanish or Italian fails. It will cause a run on the local banks which will lead to a cascade of global contagion including USA and Europe. The world will follow. This is what happened in 1931 when a bunch of German banks failed. This is apparently what lead to the Great Depress ion to be ‘great’. Europe may not be saved due to the pathetic leadership of 27 European Untion nations who cannot agree on anything. Why should the German tax payer pay for Greeks who like to drink Ouzo on the beach?

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

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