Global markets on alert as Europe to suspend approval of US trade deal

[aggiesal]

5. No, it's more like a run on the bank. ...

When a bank's customers start withdrawing their money from the bank and the bank runs out of money.
When Washington Mutual Bank collapsed, around $16.7 billion was pulled out, which was roughly 9-10% of WaMu's total deposits.

When EU cashes in their bonds, we have to come up with $3+ Trillion (around ~10% of our debt), which we don't have. This could start a run on the FED just like a run on the bank.
The FED would have to increase loan rates which will propagate down to us.
Then other US bond holders will start cashing out on their bonds and the run starts.

A recession starts and jobs are lost, more bond holders start to cash out and it only gets worst.
When the Bond market goes bonkers, we (The U.S.) will be in deep trouble at this point.

All this because Mierda47 wants Greenland.