Banking panic in Croatia is reality
Labels: banking, croatia, financial crisis, investments, money
One bank down, four to follow
My patience is over.
I have completely lost faith in croatian banks. More so, I have lost faith in Croatian Central Bank who failed to act properly on the recent Credo Bank banruptcy.
More so, I have lost faith in some croatian investment funds who never disclosed information that they had parked the money of their clients in no name - zombie banks.
The whole system is not stable anymore, although many state officials tried to calm down public and try to prevent panic.
Now we need to wait and see. Financial disease spreads faster than I thought before and in places where you wouldn't expect normally.
Extraordinary times, indeed.
posted by Zec @ 6:11 PM
7 Comments:
At 5:47 AM,
Anonymous said…
Just read about 1907 banking crisis in America and JP morgan himself had to bail out the American banks, and economy.
HGH Ignite
At 11:04 AM,
Anonymous said…
In historical context, think of the long depression era of 1876 - 1896, the panic of 1907, and the Bank Panic of 1932.
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At 5:59 AM,
Anonymous said…
You will have runaway inflation like in Zimbabwe!. Could you imagine people who have never had it so good for a decade in the West, acting orderly when queueing for provisions. We are eight meals from Anarchy.
Ageless Male
At 6:24 AM,
Anonymous said…
ust read about 1907 banking crisis in America and JP morgan himself had to bail out the American banks, and economy.
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At 7:07 AM,
Anonymous said…
Just read about 1907 banking crisis in America and JP morgan himself had to bail out the American banks, and economy.
Bia Cleanse
At 6:06 AM,
Anonymous said…
Eventually, something did give way. In October, the scarcity of money led to a panic in New York that spread through the rest of the country.
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At 8:04 AM,
Anonymous said…
You will have runaway inflation like in Zimbabwe!. Could you imagine people who have never had it so good for a decade in the West, acting orderly when queueing for provisions. We are eight meals from Anarchy.
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