Babylon's Bankers

LLOYD’S OF LONDON PULLS DEPOSITS

In case you missed this one on SeeBS, Faux News, CNoNews, or any of our other wonderfully informative media in this country, Lloyd's of London has pulled deposits from several major European banks:

Lloyd’s of London Pulls Deposits From Banks on Debt Crisis

What's very interesting about this article is to read between the lines a bit, for nowhere do we read exactly where Lloyd's is pulling its deposits from. All we get is this curiously-worded couple of paragraphs, but, for me, they are the central points of the article:

"European banks and their regulators are trying to reassure investors and customers that lenders have enough capital to withstand a default by Greece and slowing economic growth caused by governments’ austerity measures. Siemens AG (SIE), European’s biggest engineering company, withdrew short-term deposits from Societe Generale SA, France’s second-largest bank, in July, a person with knowledge of the matter said yesterday.

"Lloyd’s, which holds about a third of its 2.5 billion pounds ($3.9 billion) of central assets in cash, has stopped depositing money with some banks in Europe’s peripheral economies, Savage said, declining to name the countries or institutions."

I hope you just caught what is being implied here, for "peripheral economies" normally conjures in the mind Greece, Italy, Spain, Ireland even, but not France, one of Europe's only two thermonuclear powers (that we know about anyway, though I've long had my suspicions about you-know-who, not withstanding their official pronouncements to the contrary). Siemen's move out of the Societe Generale SA is a significant move, and it may presage a new reassessment of that once-mighty economy in Europe. And note, too, that the European Central Bank is based in Frankfurt-am-Main, where it has been floating short-term low-interest liquidity loans (a liquidity providing "operation, "as the article calls it), to unspecified recipients, suggesting strongly that someone, somewhere in the "peripheral economies" of Europe is in a whole lot of trouble.

The whole notion of "core" and "peripheral" economies recalls the historiographical analysis of Georgetown History professor Dr. Carroll Quigley, as enunciated in his Evolution of Civilizations and his monster 1300pp tome, Tragedy and Hope: A History of the World in Our Time. There, the "core" areas of Western civilization were the USA, UK, and France, for a variety of economic, financial, and cultural reasons. The redefinition, and the implied demotion, of France from "core" to "peripheral" status that is suggested in this article quite frankly unsettles me tremendously, for in the postwar scheme of geopolitical reality in Europe, France was a necessary and important counterpoise to Germany, to the UK, and, as many an American president discovered, an oftentimes irritating friend.

The long and short of it is, friends, that it would appear that we should now be watching, not Greece, or Italy, or Spain, but France...

10 thoughts on “LLOYD’S OF LONDON PULLS DEPOSITS”

  1. France? Yeah, right. Take a look at France’s banking structure; does anyone actually think France’s banks are in trouble? BNP Paribas re Rothschild Compagnie Financière is the largest banking group in the world.

    These people are on the verge of transitioning to biometric ePassports and drivers licenses through the giant French conglomerate SAFRAN with shares held by BNP Paribas. Do you think they will simply walk away from all this? No chance in hell.

  2. This is only the beginning….

    With China bringing Reality into the equation, the bullshit died. With it, so did the fabrications of the Banksters and Polithugs. Thus, the end of their fabrication is happening right now before our eyes. France is just the latest zit on their face.

    This litany of Arabs state falling is only their last hope at counter balancing their losses by creating new markets for themselves. It is also to no purpose: China is cheaper and less demanding.

    Forcing shit out of anyone’s arse is painful, there’s a name for that medically speaking, and so it is when done to nations. However, once the cleansing has been done, usually the patient experiences a great appetite and invigoration of his senses.

    Hopefully it’ll be fast people, no pun intended.

  3. Dr Farrell.. Im off topic here, and I apologize if this question has arisen before and not noticed.. But I am reading The Bell and you talk about Mr Moray and his research.. Have you ever heard of the Stan Deyo? I understand if you do not respond, being so busy with everything.. just thought Id ask. Peace Love and most of all Harmony from Canada

    1. Interesting how you chose “Harmony” worded as you did;
      for Harmony is key to everything pulling together.

      It is VERY important to the sciences, consciousness,
      spirituality and even being able to disagree, but ‘see’
      other points of view, etc. Lots there.

      Oh, did I mention music? A very Physics thing and yet
      very spiritual and able to affect emotions like nothing else.

      Foux religions use it to full advantage; for good or not
      so good………………..

      PS
      I was born in Maine, but full and immediate ancestry
      from Canada; mostly French with a smidgeon of English.

  4. So Lloyd’s doesn’t keep it all at the Bank of England? Hee hee. Interesting that French banks are getting picked on now, but they are holding crappy assets. I have a hard time thinking of France being a real counterweight to Germany. Maybe from a land mass/location/population viewpoint, but from a production viewpoint, I’d much rather prefer a German car than a French one, etc.
    I know you’re not a political wonk (I believe you preferred the title “Hack from South Dakota” ;>) I’d like your take on the following items:
    1. Possible CIA dupe and Al Qaeda main man al Awlaki killed by drone in Yemen.
    2. Joe Biden says that the economy is this administration’s problem, no longer OK to blame the prior one.

    Why am I curious on these? Well for #1, considering the possibility of the CIA being the original underwriter for Al Qaeda, who (in this administration) would find it in their interests to nuke their own people. Of course, I am making the assumption that one wouldn’t act in a psychotic manner towards one’s teammates, which may be a reach for some of these characters. Anyway it removes a Boogeyman. Same for Osama bin Laden. Of course, this is assuming that some group on the US side actually did this (i.e. someone else liquidates CIA patsy, but we cover it up so we look tough).

    For #2, for the VP to come out and say the economic situation is our responsibility, totally countering his boss, who’s a record holder in Back-peddles Per Second on darn near anything that he might get blamed for. I’m surprised that Biden’s doing this, though I see it as positive, adult behavior. Maybe he’s sick of being a footman to the Dork Prince.

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