18:28
The U.S. banking system has no chance to survive
The accounting reality shows ...
Here's an update on the status of the U.S. financial crisis.
According to several studies published recently in the United States, the capitalization of banks varies between 1 500 and 2 000 billion.
In front, the outstanding mortgage securities is about 11 000 billion. The exposure of U.S. banks on these securities is around 50%, or 5,500 billion.
The U.S. real estate fell by 10-12%, or a hole in accounting from 1 100 to 1 400 billion, thus pretty much the entire share capital of U.S. banks, not to mention the other market segments credit, student loan type, consumer loan, car loan, and above all business loans ...
Already at this stage, that's about all U.S. bank which is virtually insolvent.
But what do we know U.S. housing? It is disconnected in many countries around the world purchasing power. Given the financial situation in the country, with millions of foreclosures resulting in an oversupply of houses and apartments, we can reasonably estimate that the downward correction will continue with a first target located between -20 and -30 % within a year or two. Indeed, once the value of the mortgage exceeds that of a well, Americans are advised to declare bankruptcy. Only a bull market in real estate could calm the game Is this credible at this stage?
Prove a moderately pessimistic scenario with a fall of 25%. This is a hole of 2 500 to 3 000 billion. Just make these additions to understand that American finance is damn! She can not pay the abyss. The dollar also could not resist.
Here's an update on the status of the U.S. financial crisis.
According to several studies published recently in the United States, the capitalization of banks varies between 1 500 and 2 000 billion.
In front, the outstanding mortgage securities is about 11 000 billion. The exposure of U.S. banks on these securities is around 50%, or 5,500 billion.
The U.S. real estate fell by 10-12%, or a hole in accounting from 1 100 to 1 400 billion, thus pretty much the entire share capital of U.S. banks, not to mention the other market segments credit, student loan type, consumer loan, car loan, and above all business loans ...
Already at this stage, that's about all U.S. bank which is virtually insolvent.
But what do we know U.S. housing? It is disconnected in many countries around the world purchasing power. Given the financial situation in the country, with millions of foreclosures resulting in an oversupply of houses and apartments, we can reasonably estimate that the downward correction will continue with a first target located between -20 and -30 % within a year or two. Indeed, once the value of the mortgage exceeds that of a well, Americans are advised to declare bankruptcy. Only a bull market in real estate could calm the game Is this credible at this stage?
Prove a moderately pessimistic scenario with a fall of 25%. This is a hole of 2 500 to 3 000 billion. Just make these additions to understand that American finance is damn! She can not pay the abyss. The dollar also could not resist.
This is only a matter of time. The worst will happen. Simply, the U.S. is an election year and are not willing to do housework. Everything will be done to shift in time order. What yad'amusant, it was thought Haberrer with the head of Credit Lyonnais have toured the issue in the early 90 at the slips, but the Americans have largely exceeded in the discipline . The French taxpayer did not ultimately paid dearly seen that U.S. taxpayers will pay ...
Consequently, commodities denominated in dollars will explode upwards!
Highly likely, too, the American finance is likely to be nationalized.
According to Business Week, hedge funds are dozens to have been failures, hundreds to block investor withdrawals. The Fed in its effort to preserve the banking system in place, causing margin calls and the collapse of the financial, only yesterday the stars and other stars.
The French eager for the failure of speculative finance should not rejoice: between 20 and 40% of the assets of pension funds across countries, are invested in these hedge funds. Very wicked speculators actually manage the pension money ... and they are drinking from the cup, with a big B.
And as I said after he wrote a little less than a year in my book Buy or rent an apartment, George Bush is the biggest thief in the history of mankind. It was destroyed in eight years that Bill Clinton was beautifully built ... I find the media particularly silent on the responsibility of the Republican administration and its wars it could not afford to pay. Greenspan wanted to avoid the economic recession of 2001 through the transfer of the Internet bubble to the housing bubble. I do not know how Bush and Greenspan have been arranged, but the end result is there. It is a grim repetition of history on a bank, monetary and real estate!
France, which invented the concept of paper money based on trust, has already experienced this burst Monetary there several centuries. The purpose and cause of the failure were the same as financing of the war ...
Politicians are crazy. Generations after generations, centuries after centuries, they make the same mistakes again. Frankly, it's unhealthy home to spend more than what will fit in boxes. Is beyond me, especially this constancy in public spending.
The novelty is that they have brought with them people, and to a certain extent, businesses. Because the credit bubble is that of U.S. individuals and companies that the state has just calculated that it would benefit from growth based on fictitious debt still to reap more tax revenue ...
One wonders if the attachment of currency to the gold standard is not the only solution possible in practice given the limited brain development politicians in the economic field ... without of course hide the evil unnamed bankers.
Consequently, commodities denominated in dollars will explode upwards!
Highly likely, too, the American finance is likely to be nationalized.
According to Business Week, hedge funds are dozens to have been failures, hundreds to block investor withdrawals. The Fed in its effort to preserve the banking system in place, causing margin calls and the collapse of the financial, only yesterday the stars and other stars.
The French eager for the failure of speculative finance should not rejoice: between 20 and 40% of the assets of pension funds across countries, are invested in these hedge funds. Very wicked speculators actually manage the pension money ... and they are drinking from the cup, with a big B.
And as I said after he wrote a little less than a year in my book Buy or rent an apartment, George Bush is the biggest thief in the history of mankind. It was destroyed in eight years that Bill Clinton was beautifully built ... I find the media particularly silent on the responsibility of the Republican administration and its wars it could not afford to pay. Greenspan wanted to avoid the economic recession of 2001 through the transfer of the Internet bubble to the housing bubble. I do not know how Bush and Greenspan have been arranged, but the end result is there. It is a grim repetition of history on a bank, monetary and real estate!
France, which invented the concept of paper money based on trust, has already experienced this burst Monetary there several centuries. The purpose and cause of the failure were the same as financing of the war ...
Politicians are crazy. Generations after generations, centuries after centuries, they make the same mistakes again. Frankly, it's unhealthy home to spend more than what will fit in boxes. Is beyond me, especially this constancy in public spending.
The novelty is that they have brought with them people, and to a certain extent, businesses. Because the credit bubble is that of U.S. individuals and companies that the state has just calculated that it would benefit from growth based on fictitious debt still to reap more tax revenue ...
One wonders if the attachment of currency to the gold standard is not the only solution possible in practice given the limited brain development politicians in the economic field ... without of course hide the evil unnamed bankers.
source : agoravox.fr
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