Deprcon warning

Banking crisis

It has been brought to our knowledge that a global banking giant would be in trouble. We have received information on this both through public and private channels.

Most speculations concern a European global systemically important bank", or G-SIB, namely Credit Suisse, a Swiss-based investment banking giant marked. Her failure would almost surely set in motion a new global banking crisis. 

We urge everyone to prepare accordingly (e.g., raise cash).
We keep monitoring the situation closely.

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Disclaimer:

The information contained herein is current as at the date of this entry.  The information presented here is considered reliable, but its accuracy is not guaranteed.  Changes may occur in the circumstances after the date of this entry and the information contained in this post may not hold true in the future.

No information contained in this entry should be construed as investment advice.  Readers should always consult their own personal financial or investment advisor before making any investment decision, and readers using this post do so solely at their own risk.  Readers must make an independent assessment of the risks involved and of the legal, tax, business, financial or other consequences of their actions. GnS Economics nor Tuomas Malinen cannot be held i) responsible for any decision taken, act or omission; or ii) liable for damages caused by such measures.