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Germany’s Central Bank Proposes “Wealth Tax” On Depositors


The German central bank raised the idea of an emergency “capital levy” in its monthly report.


…full story HERE

Russian Bank Halts All Cash Withdrawals

It would appear the fears of a global bank run are spreading. Bloomberg reports that ‘My Bank’ – one of Russia’s top 200 lenders by assets – has introduced a complete ban on cash withdrawals until next week.

…full story at ZeroHedge HERE

Bank-Run Fears Continue; HSBC Restricts Large Cash Withdrawals

Following research last week suggesting that HSBC has a major capital shortfall, the fact that several farmer’s co-ops were unable to pay back depositors in China, and, of course, the liquidity crisis in China itselfnews from The BBC thatHSBC is imposing restrictions on large cash withdrawals raising a number of red flags. The BBC reports that some HSBC customers have been prevented from withdrawing large amounts of cash because they could not provide evidence of why they wanted it.

….full story at ZeroHedge HERE