UK: Panic at Northern Rock. Video

[december]

Savers at one of Britain's biggest banks are lining up for a second day to make large-scale withdrawals amid uncertainty over the bank's future.

http://en.rian.ru/video/20070917/79027463.html

Northern Rock (LSE: NRK) is a British bank based at Regent Centre near Newcastle Upon Tyne in northern England. Formerly the Northern Rock Building Society, the bank was formed in 1997 when the society floated on the London Stock Exchange, distributing shares to its members who held savings accounts and mortgages with them. Northern Rock joined the stock exchange as a minor bank and was expected to be taken over by one of its larger rivals, but it has remained independent. In 2000, Northern Rock gained promotion to the FTSE 100 Index.

Northern Rock - Wikipedia, the free encyclopedia

[julieray]

Do you think that we are slowly being manipulated in bringing the country and its economy to its knees in order to force us to join the Euro??

[shodan]

I think the fact its getting blanket coverage by the BB Bollocks and the rest is proof enough there's an ulterior motive/bigger picture unfolding

[somewarez]

Hi,

I've long thought that they will bring a way to make us want to join the euro and as we are all too aware that the way they use is usually *!FEAR!* So to me this looks like the beginning of that.

But lest not forget the Federal reserves tactics of making the stock markets crash while the huge banks buy out smaller banks and other companies in the gain of making themselves even richer and bigger... This could be just one of those moves.

But I do think at the end of all this once they have brought down the British £ to its knees and left almost everyone begging for the Euro. That seems to me the end goal of the crisis.

I could be wrong and I hope I am, I have far too much scepticisim to believe that this is just anything other than a 1 off or an accident.

On the other hand it may prove good for house buyers, who may see houses in the UK come back down to a reasonable price....


Ahh well time will tell

[john white]

Struggling lender braced for more chaos despite government backing

http://uk.news.yahoo.com/afp/20070918/tuk-markets-finance-britain-bank-banking-a7ad41d_1.html

LONDON (AFP) - Northern Rock was braced for another day of chaos at its branches on Tuesday, despite a government promise that it would protect customer savings.

The lender's chief executive stressed that it was "open for business as usual" in a full-page advertisement published in several major newspapers, insisting that Northern Rock was "a safe place" for customers to keep their savings.

Regardless, customers were expected to queue for a fourth day to withdraw their savings as the bank lost about half of its market value since the close of trading on the London Stock Exchange on Thursday, and its share price dropped to an all-time low.

Fears that problems could spread also led shares in another major home loans specialist, the Alliance and Leicester, to plummet by over 30 percent Monday

When proping up an illusion "confidence cascade" only goes one way

No "Northern Rock" investor is going to settle for leaving all that very important illusion they've accumulated over the years of heartache, hardwork, and screwing over the other guy in a bank the movie is telling them is crashing

Of course when one wants a confidence cascade theres nothing easier than generating them

The people will be brought to BEG for the Euro

[truthseeker1980]

My oppinion on this is that it is to coincide with the markets crashing in the US.

The other thing which is really really scarey, is if the government make Northern Rock a national company, like what they said on the news last nite, then all the mortgages of all the people at northern rock would be owned by the government, they also said that if other banks start having similar problems they would do the same.

Now just sit back and think about this, very similar to the plan with Gm crops, once the gov own your mortgage they effectively own your house. Then they can do whatever they want with it, hike up payments or even reposess for nothing. Like the GM crops, once they plant loads of these crops, all other organic crops will be pollinated with the GM pollen meaning that everyone will have to either pay for their own crops or be forced to burn them, in a worst case senario obviously.

Things are changing extremely fast, but then again so is the awakening, people who mocked me only a few months ago on my oppinions are now asking me for knowledge on the illuminati, 9/11, 7/7 and the NWO. Just out of the blue they are suddenly interested.

[beetzart]

Anyone here ever read The Creature from Jekyll Island by Ed Griffin. It is a brilliant book amount money that goes into extreme depths about banks. The most fascinating part of the book is the penultimate chapter called 'A pessimistic scenerio'. What is going on with N Rock is almost as if they where using his book as a script. First of all a large bank gets into trouble and there is a run on the bank. Politicians clamber to insist everything is fine and the Fed supplies billions in new cash. Over time things get worse with inflation then the government taking over mortgages until a cashless society arrives and a socialist New world order is incharge with a global currency. It's uncanny.

A worthy read indeed.

[december]

Anyone here ever read The Creature from Jekyll Island by Ed Griffin. It is a brilliant book amount money that goes into extreme depths about banks.

Hello, Beetzart.
There is a thread about this book, check it out -

The Federal Reserve Is America's #1 Enemy
http://www.davidicke.com/forum/showthread.php?t=5255

[beetzart]

Cheers for that December!
:)

I noticed that big advert from N Rock today in the paper with their slimy CEO enforcing the confidence trick. But, low and behold a few pages on there was another ad from NR about how great it is to take out a loan with them. Bastards. I don't just blame banks but also the government as the only reason they can boast about a strong economy is becuase of easy credit; get as many people indebted as possible. I would like to say I hope it all goes bust, but it would not be an accident but by design.

[december]

I noticed that big advert from N Rock today in the paper with their slimy CEO enforcing the confidence trick.

Hello, Beetzart.
Did anyone lose money?...

[december]

So how can the British bank run out of money?...

:)

[jinjo5]

Its funny how the Bank(private) of england can instantly come up with 5 billion pounds to support another bank,but when it comes to hospitals needing more money for wards or people wanting a particular drug to fight cancer or alzhiemer's then there is an unholy fucking row.........people need to know the government doesnt give a toss about their citizens,theyre suppose to represent us,not dominate...bastards.