a bad sign, when a central banker says "dont panic"
Posted: Fri Sep 18, 2015 4:29 amthis might be a news item from Nigeria, but when you pick up bits of news from the periphery like this, its kind of like dominos, all around the edges, stories like this, we never hear on the happy happy "network news"......or, you can say, "it'll never happen here", just wait till that Friday evening announcement, when we're told a "virus" has gotten into our banking system, and they're going to shut down the "system" for the weekend...only.....so they can repair it....that's your sign, because just wait till Monday, when the WH notifies the networks, that the President will "speak to the nation" .......and he will say "don't panic", but....but
headline Nigeria: (and this from a MASSIVE oil producer)
"Nigeria Central Bank Urges "Don't Panic" As Banks Halt Lending To Each Other"
"When the head of the central bank utters the two words "don't panic" you know the economy, currency, and financial system is in trouble...and that's just what Nigerian central bank Governor Godwin Emefiele just did. Following government intervention to sweep cash from local to central accounts, banks have panicced. As Reuters reports, overnight interbank lending rates spiked to 200%, which Emefiele opined was "a momentary action... just sentiment," but the interbank naira market was paralyzed for a third day on Thursday, with banks unwilling to lend to each other, even when rates fell back to 20-30%."
the rest of the article, hyperlinks and charts here:
http://www.zerohedge.com/news/2015-09-1 ... each-other
Bros, this whole evolving mess and the waiting kind of reminds of this poor sod hiding in a bathroom, hoping that will offer sufficient protection from a crazed hungry T-Rex outside on the warpath
headline Nigeria: (and this from a MASSIVE oil producer)
"Nigeria Central Bank Urges "Don't Panic" As Banks Halt Lending To Each Other"
"When the head of the central bank utters the two words "don't panic" you know the economy, currency, and financial system is in trouble...and that's just what Nigerian central bank Governor Godwin Emefiele just did. Following government intervention to sweep cash from local to central accounts, banks have panicced. As Reuters reports, overnight interbank lending rates spiked to 200%, which Emefiele opined was "a momentary action... just sentiment," but the interbank naira market was paralyzed for a third day on Thursday, with banks unwilling to lend to each other, even when rates fell back to 20-30%."
the rest of the article, hyperlinks and charts here:
http://www.zerohedge.com/news/2015-09-1 ... each-other
Bros, this whole evolving mess and the waiting kind of reminds of this poor sod hiding in a bathroom, hoping that will offer sufficient protection from a crazed hungry T-Rex outside on the warpath