Lloyds Banking Share Discussion Threads

[minerve 2] 18/3/2020 14:29

Maybe we should go and lick each other and get the thing over and done with in the next 18 days.

[ladeside] 18/3/2020 14:29

Yes, Lockdown imminent I'd think. As I say, we're just mirroring everyone else about 10 days later after we've tried our own way and failed.

[crossing_the_rubicon] 18/3/2020 14:24

@Excellance.

Just for you.

"The below visualization The Secret History of Coronavirus Bioweapon is based on GreatGameIndia‘s exclusive report Coronavirus Bioweapon – How China Stole Coronavirus From Canada And Weaponized It"

[diku] 18/3/2020 14:24

Anybody think possibility of a lockdown for the w/end?...supress the spread...

[ladeside] 18/3/2020 14:24

Don't you just love the posters who "know" more than the worlds best Doctors, Scientists & Researchers.

They still haven't understood that it'a "pandemic" meaning it's not only the UK but the whole WORLD.

I do really hate to burst your bubble but it's not the "Evil EU", "snowflakes", "Merkel", "Sturgeon", nor the "Leftys" or the "BBC" or even "Corbyn" to blame for this one.

It's hard to accept, I know........

[pierre oreilly] 18/3/2020 14:23

Well the 'i'll be back' bloke lent her a bunch Teslas, is it him?

[crossing_the_rubicon] 18/3/2020 14:23

Batten down the hatches as a tsunami is coming....


"No one knows the extent of people affected by the CV. China has never given us the real figures. And the rest of the world hasn’t got a clue where they stand. Every country thinks they are in control of the situation until they panic. Outside of Asia, poor Italy got it first and there we have seen an exponential growth of the number of people affected. And still, in Italy like in most other countries, they haven’t got a clue how many people have been infected.

Same in the UK, US, Sweden, Switzerland, Germany and most other nations. No country has the capacity to test a fraction of the population. You hear from most countries that when people have the symptoms, they are just told to stay home. So the real numbers are certainly 10x greater than reported or much higher. Somebody forecast that 70% of the world will be infected and that doesn’t sound improbable.

DOCTORS AND HOSPITALS HAVE NO CHANCE TO COPE
And as Italy discovered, there is not a fraction of ventilators available that are required to treat the seriously ill. There is on average only 12 critical hospital beds available per 100,000 in the EU. The EU has 500 million people. If the estimate of 70% becoming infected will be correct, that would be 350 million will get CV. Say that 10% need a critical hospital bed. That is 35 million people who would need to share 60,000 critical beds available. I am sure that the US figures for critical beds available are no better but probably much worse. No wonder Italy’s health system has no chance to cope with the situation as we have seen from many reports and nor has any other country.

EUROPE IS SHUTTING DOWN
Any government and health authority just needs to look at Italy to understand how quickly Coronavirus spreads. But every government, including the US and UK, think that they are different and are therefore totally lethargic and irresponsible in their actions to fight the disease. In the winter, I spend time in the Swiss Alps. On Friday the 13th, the Swiss government decided to close all ski resorts and all schools. Many European countries have closed their borders like Poland, Czech Republic, Denmark, Slovakia and Malta.

Italy is totally paralysed with virtually everything closed. Shops, except for food and pharmacies, major part of industry, hotels, restaurants, schools etc. are all closed. I have heard from Italian friends that they are just shutting their businesses since there are no customers. How tragic.

Spain is starting to close a major part of the country including the whole tourist industry. Most European countries are likely to follow although they are too slow to react swiftly. And so is the US who still hasn’t understood how serious the situation is.

If we just take Italy as an example since Corona is more advanced there than in any other country, it is a total disaster for this great nation. Italy has wonderful culture, history, heritage, food and people. But the country was already on its knees before this crisis. The economy is broken and so is the financial system. Much of this is due to the EU. I have difficulties seeing Italy coming out of this intact. But sadly the same thing will happen to Greece, Spain, France, Germany, the US, the UK and most other nations.

SMALL BUSINESSES DON’T EVEN HAVE CASH FOR 2 WEEKS
For a world economy that is totally dependent on credit to the extent of $265 trillion, what is happening is a total disaster. Small business will not have cash to survive for even a couple of weeks. Same with ordinary people. Virtually nobody has any savings, only debt. Many are being laid off already. The airline industry was extremely weak before the crisis. Norwegian Airlines has already made 50% of staff redundant. The tourist industry with its thin margins is collapsing. The same is happening in a great number of industries.

The banking industry will not survive the next phase but will initially be the beneficiaries of massive global money printing."

$1.5 QUADRILLION OF DERIVATIVES ARE NOW AT RISK
With economic activity virtually shut down in many countries and more certainly to follow, like the UK and US, the amount of money printing coming will be endless and of unimaginable quantities. It will start in the $ trillions, but as the banking system comes under pressure, it will grow to $10s of trillions. When one day Deutsche Bank, with $50 trillion in derivatives, comes under real pressure, which is not far away, the Bundesbank and ECB will have to print in the $100s of trillions. Remember that counterparties will fail simultaneously and JP Morgan for example also has around $50 trillion in derivatives. And soon at least $1.5 quadrillion is at risk when all counter parties fail.

The collapse of the banking system might not be in 2020 but once it unravels, Central Banks have no chance of stopping it but they will still use the only tool they know which is unlimited money printing. As I have said many times, YOU CANNOT SOLVE A PROBLEM WITH THE SAME MEANS THAT CREATED IT IN THE FIRST PLACE. Thus the money printing will fail, but before that many clueless investors will buy stocks again before the next big fall.

THE BOND MARKET WILL NOT SURVIVE
I must finish this newsletter now since it must be published. The bond market is the biggest danger globally combined with the derivatives. The artificial manipulation of interest rates might last for some time yet. It could go on for a year but the bond market might also collapse tomorrow. There is so much junk and so much bad debt in the system that it would be surprising if Central banks could maintain this charade for much longer.

Thus the bond market will default and collapse at some point not far away. The question is only when. What is certain is that investors will soon start bailing out. And as Central Banks accelerate money printing, they will be the only buyer of their own junk debt. The end of the financial system as we know it today is guaranteed. Its demise is imminent.

[aljm] 18/3/2020 14:22

ouch, not sure what mine is

[minerve 2] 18/3/2020 14:21

Just as a guide, my portfolio is down 29% since Jan.

[aljm] 18/3/2020 14:21

look for who pays Greta thunberg's 'Nanny'

[k38] 18/3/2020 14:21

CtRA lot of info is being holding back fro WHO and others .. the reason is they don't want people to panic. That will be worse than the virus itself.

[pierre oreilly] 18/3/2020 14:20

ctr, where do you get your real number of deaths from?

[aljm] 18/3/2020 14:19

CtR good answer but not the name i was thinking of, someone more horrid than him

[crossing_the_rubicon] 18/3/2020 14:18

@Aljm,

Bill Gates?

[crossing_the_rubicon] 18/3/2020 14:17

@K38

Bingo, you understand.
So many people are being complacent.
Not surprising as they think only 3100 odd people have died in China.
Ditto the fake numbers in Iran.

[aljm] 18/3/2020 14:17

since Greta was mentioned, don your tin hats, you want a conspiracy theory ? one person connects Greta, Corvid 19 and EU free movement of people, wanna guess who ?

[k38] 18/3/2020 14:16

041Sure the weak and the sick are more at risk but healthy people do die.. the Chinese doctor who first reported the virus died at his 40s.Just they don't want you to panic!

[cromw3ll] 18/3/2020 14:14

Health people are NOT dying from this. Lessons learnt are that we all need to be more hygienic and wash more, but hysteria is drivinyg this. We need herd immunity as next year we will all be doing this again. Also China owes the whole world an apology, they may want to perceive they are 21st Century and modern, reality is different!

[pierre oreilly] 18/3/2020 14:13

No, it's not killing enough people.

[minerve 2] 18/3/2020 14:12

Pierre

It looks like the virus is doing Greta's bidding. ;)

[pierre oreilly] 18/3/2020 14:12

ctr, don't you think the hundreds of thousands who'll end up without a job due to these measures will have any ill health effects? Those who can't afford to feed their family?

[pierre oreilly] 18/3/2020 14:10

Minny, you forgot Greta, who is now being ignored.


until people tire of covid that is, when the press will again focus on her alarmism to keep people frightened.