URGENT! BANK RUNS HAVE BEGUN IN ITALY!!!!! ATM’s Being Emptied!!!!

Monday, July 11, 2016
By Paul Martin

Superstation95.com
Jul 11, 2016

We have numerous reports of BANK RUNS taking place right now throughout Italy. Reports of lines of people at ATM’s are draining the automatic tellers of all cash.

This comes after weeks of speculation about the health of several Italian banks, including the oldest Bank Monte dei Paschi, which has been in business since the year 1472 – twenty years before Columbus discovered America!

Snce March of this year, SuperStation95 has been reporting the Italian banking system is a “leaning tower” heading toward collapse at literally any moment. And as Italy’s banks begin to go down like dominoes, it is going to set off financial panic all over Europe unlike anything we have ever seen before.

We even wrote about the troubles in Italy back in January, but since that time the crisis has escalated. At this point, Italian banking stocks have declined a whopping 68 percent since the beginning of 2016, and when you look at some of the biggest Italian banks the numbers become even more frightening.

Shares of Monte dei Paschi were down 4.7 percent, and they have now plummeted 86 percent since the start of the year. Shares of Carige were down 38 percent, and they have now plunged a total of 88 percent since the start of the year. This is what a financial crisis looks like, and just like we are seeing in South America, the problems in Italy appear to be significantly accelerating.

So what makes Italy so important?

Well, we all saw how difficult it was for the rest of Europe to come up with a plan to rescue Greece. But Greece is relatively small – they only have the 44th largest economy in the world.

The Italian economy is far larger. Italy has the 8th largest economy in the world, and their government debt to GDP ratio is currently sitting at about 132 percent.

There is no way that Europe has the resources or the ability to handle a full meltdown of the Italian financial system. Unfortunately, that is precisely what is happening. Italian banks are absolutely drowning in non-performing loans, and represents “the greatest threat to the world’s already burdened financial system.”

As this “run” continues, Italian banks will fail and be closed. Once they are closed, it will begin to take out big banks elsewhere in Europe, from whom the Italian Banks have borrowed. That will spark bank runs in Europe, and some very (VERY) large banks in Europe will fail. Once that happens, it will hit Banks in the USA . . . . game over.

We encourage readers in the rest of the world to have CASH MONEY in their possession at home, in case banks are closed for a “bank holiday” which could last for WEEKS. If the banks are closed, CREDIT and DEBIT CARDS WILL NOT WORK. You have to have enough cash to survive . . . enough to buy FOOD and perhaps FUEL. Never mind paying bills; this could end-up being “survival.” Folks without cash will starve.

The Rest…HERE

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