– Bank Run Full Frontal: Ukrainians Withdrew 7% Of All Deposits In Two Days (ZeroHedge, Feb 25, 2014):
Well that escalated quickly. It seems the ouster of Yanukovych, heralded by so many in the West as a positive, has done nothing to quell the fear of further economic collapse in Ukraine:
- *UKRAINIANS WITHDREW AS MUCH AS 7% OF DEPOSITS FEB. 18-20: KUBIV
- *DEPOSIT WITHDRAWALS STILL HIGH IN THE EAST, KUBIV SAYS
This is around a 30 billion Hyrvnia loss (over $3 billion) in just 2 days for the banks and the new central bank chief is considering “stabilizing loans” to help banks deal with the liquidity crisis (though Ukraine’s reserves stand at a mere $15 billion).
Reserves are in freefall… and will only get worse if the bank run continues…
On another important subject, alarm just went off on Reactor #4 in Fukushima. I don’t know what it means, perhaps we can find out……they are playing their cards close to their chest. They report nearly none of what is really happening, many lies and have no credibility………
http://enenews.com/kyodo-alarm-sounds-at-fukushima-unit-4-cooling-system-stops
On another subject, some snitch who turned in a Mexican drug lord to the US for $5 million isn’t getting his money….a fool and his money are soon parted…….I thought you would appreciate this story. Talk about making a deal with the devil……
http://www.theguardian.com/world/2014/feb/25/informants-us-catch-drug-lords-rewards-not-paid?commentpage=2