Bank Runs...

Police help to disperse Northern Rock queues
By Harry Wallop, Consumer Affairs Correspondent and Natalie Paris
Last Updated: 4:49pm BST 15/09/2007

Northern Rock has apologised to customers who spent a second day queuing to withdraw money after the company asked the Bank of England for emergency funding.





http://www.telegraph.co.uk/money/main.jhtml;jsessionid=CYAWNZINGLXKPQFIQMGSFFWAVCBQWIV0?xml=/money/2007/09/15/cnrock715.xml


In 1944 at the tail end of the 1933-1945 bankruptcy reorganization of the global system following the implosion of the crown system 1929-1933...730 delegates gathered at the Mount Washington Hotel in Bretton Woods, New Hampshire for the United Nations Monetary and Financial Conference. The delegates deliberated upon and signed the Bretton Woods Agreements during the first three weeks of July...

The New Global trade system to replace the old annihilated one...The British pound was dumped as the Global trade medium of exchange and the US Dollar was made the new Global trade medium of exchange and unfortunately the consumer base of jolly old England was too small to be the demand of the world so the USA was made the demand of the global system...

only way to sustain the Empire...

The Global banking system you see in operation right now began 313 years ago...In the City of London...A.K.A the Square mile...with the creation of the Bank of England...The Central bank that all the others on Earth are patterned after and branches of...

Just over 100 central banks in the global branch network currently...

The FEDERAL RESERVE? While currently the most significant...still just a branch...The USA? just an economic zone...But the most important zone on Earth...The Demand...

since 1944...the USA has been the global demand...and the rest of the world has been the supply...Supply of stuff...demand for stuff...

The supply demands money for all that stuff...The delegates deliberated upon and signed the Bretton Woods Agreements (making the US Dollar "THE MONEY") during the first three weeks of July 1944.

The Banks across the pond are suffering a shortage of supply of "THE MONEY" because US Consumers after 60+ years of oblivious consumption are MAXED OUT...and just ain't consuming as much stuff as is needed to sustain the continued inflation of the global system by the required amount to postpone the inevitable implosion of the 1944 Bretton Woods system...

or it's just a another recession...yawn...

The only source of "THE MONEY" (US Dollars) is US consumers...

US consumers directly and indirectly request the US commercial banking system to manufacture "THE MONEY"

The Number one thing that US consumers need/want which causes them to request the US commercial banking system to manufacture "THE MONEY?"

US real estate is the number one engine driving the global economy...That breaks down...Kiss the world as you know it...goodbye.

The whole world will feel it...Everyone in the world finances it's day to day operation...and when everyone in the world can't finance it any longer...Inflation greater than previous inflation transforms into inflation less than previous inflation...