Banks Could be Taken Down

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Lloyd's of London ABANDONS European banks!   "Banks could be taken down," says Lloyd's finance director. Dear Investor,   Without warning, Lloyd's -- the world's oldest insurance market -- announced that it has withdrawn its money from European banks.   The reason? According to Lloyd's, the banks are in danger of failing as Europe's debt crisis continues to intensify.   The company's Finance Director, Luke Savage, put it simply:   "If you're worried the government itself might be at risk, then you're certainly worried the banks could be taken down with them."   Which European governments is Lloyd's talking about? They're not saying.   But it IS interesting to note that Lloyd's didn't just withdraw its money from Greek banks; it withdrew its money from banks all over Europe!   One thing you can be sure of, though:   When the world's oldest insurance company...   A firm that for 323 years has made its living by accurately calculating the odds of future disasters...   When that company suddenly takes its money and runs, it's a MASSIVE red flag for investors -- a clear sign that the beginning of the end is near!   Lloyd's has every reason to worry. In addition to the government debt crisis that's threatening to destroy European banks, a huge credit crisis is spreading across the Continent as well.   Spanish and Italian banks are rejecting massive numbers of loans and charging customers more as the sovereign debt crisis continues to drive their own borrowing cost higher.   Any way you look at it, this shrinking of European credit markets is the worst kind of downward spiral:   The government debt crisis is making it harder and more expensive for banks to borrow money; the banks are passing those higher costs along to borrowers. Corporations have to pay more to borrow; their cost of doing business is rising. Consumers can't or won't borrow at higher rates, so corporate earnings plunge. As corporate earnings evaporate, the taxes they pay also plummet. Falling tax revenues cause the government's deficits to explode higher, driving the banks' cost of borrowing even higher.   And so, the death spiral continues...   My urgent online video will show you what to do right now...   If you think Europe's woes aren't going to spill over onto our shores -- THINK AGAIN!   In fact, we believe that the U.S. is about to get slammed harder than it did by the financial crisis of 2008.   That's why we created a shocking new video on this crisis: To help you prepare immediately ... and to show you how to profit handsomely from these rapidly-unfolding events.   In this startling video, we show you ...   Why the most dangerous phase of America's great economic calamity is now beginning... The monumental event that now threatens to trigger the ultimate financial doomsday -- and why it will plunge vast numbers of U.S. families into the nightmare of poverty, homelessness and hunger... Crucial self-defense: How to get through this disaster with your wealth intact, and... Plus, how a handful of Americans will use this crisis to build enormous wealth -- and how you can too!   Just click this link to view America's Financial Doomsday and to activate your membership while there's still time!   Best wishes,   Weiss Research, Inc.   Weiss Research, Inc. 15430 Endeavour Drive Jupiter, FL 33478 tel: 800-291-8545 fax: 561-625-6685   We love hearing from readers. But our editors won't get your e-mail if you simply hit the "reply" button. So please send your questions, comments and suggestions to: support@weissinc.com.   Would you like to edit your e-mail notification preferences or unsubscribe from our mailing list?

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