*Heard much of the same...people talking openly now about taking their cash out of banks before the NEXT thing happens.
I was speaking with a friend yesterday who is in her mid 60's (age) and she said that she is about to put in a safe at her home.
She reckons the system is now becoming so rickety that people with savings are becoming seriously worried that they are risking losing some / much of that money.
This page at the London Daily Telegraph says much the same as your message.
Contagion strikes Italy as Ireland bail-out fails to calm markets
The EU-IMF rescue for Ireland has failed to restore to confidence in the eurozone debt markets, leading instead to a dramatic surge in bond yields across half the currency bloc.
"The EU rescue fund cannot handle Spain, let alone Italy," said Charles Dumas, from Lombard Street Research. "We we may be nearing the point where Germany has to decide whether it is willing take on a burden six times the size of East Germany, or let some countries go."
Related Articles (links on main article)
Roubini tells Portugal to seek rescue 29 Nov 2010
Germany faces awful choice as Spain wobbles 29 Nov 2010
Ireland gets £72bn bail-out in attempt to stem contagion 28 Nov 2010
Ireland bailout: statement by EU finance ministers 29 Nov 2010
O'Neill: euro faces 'black swan' point 27 Nov 2010
Spain could be forced to seek bail-out 'within months' 27 Nov 2010
Investor reaction comes as a bitter blow to eurozone leaders, who expected the €85bn (£72bn) package for Ireland agreed over the weekend to calm "irrational markets".
This HAS to be the webbot tipping point events being played out, and if I recall correctly Clif talked about a related date in early January - which could be when the system finally implodes.
Simon, in snowy London (and its still falling, plus we are being promised more of the white stuff later this week alongside 35mph gales - if it happens then it will be only the second time I've experienced a true blizzard and a 'white out' in London.)
...As for WEATHER, it's FROSTY/ICY as Hell here, with SNOW falling in many locals nightly. Temperatures are -3 to -10 degrees all over. The government hasn't the money to supply sand/grit for ANY of the back roads, and having trouble keeping the main roads open too. Schools have now been closed in towns for the last 2 days, because busses can't pick up the students-many living on the back roads.
People in this part of the world and largely unprepared for WINTER. Never see snow tires/spiked treads, or even chains on wheels here.The petrol/gas pumps don't even have gas line ANTI-FREEZE added to their pumps. Interesting. I spent time in MANY areas of real Winter...including Alaska. Things would come to a complete road way 'stand still' if not for residents being Winter saavy and having the right equiptment/'S'