" The untold story of recent weeks is the gigantic withdrawal from British banks of funds on deposit, not so much by disenchanted individual savers as by multi-national corporations, which have more of a choice. As a result, some of our biggest banks keep going only by borrowing increasingly vast sums on the overnight market. This makes them very nervous indeed, in a Northern Rocky way." ( Dominic Lawson in the Sunday Times)
Quite a lot of 'disenchanted individual savers ' have been walking away for the last year; some are starting to run.
The only reason this brief period of relative quiet has been enforced is to permit the get-out.
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Did the banks never think that the overseas lenders might want their money back? Are the banks really that stupid? Apparently so.
The feeling we are waiting for something to be completed before the real collapse begins is very strong Blue. Most of the banks aren't really banks anymore - they are state entities of some kind - stanks, perhaps? But first the foreign lenders must be allowed to get out safely or there would be trouble, not the same as, but like, that over HBOS and Lloyds.
We're having a Transition, only it's going the other way from what went on in the East after the people there refused another second of socialism.
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