BrItish Banking System INSOLVENT (What a Surprise...)

In a reaffirmation of the fact that the MSM is pretty much ALWAYS the last one to know (or admit) the truth, here is a report from The Independent (heh) of UK that the British banking system is insolvent. What is does not say is that the entire Western banking system is not only "technically" but practically insolvent as well. Welcome to the brave new world of insolvency- brought to you by the Central Banks of the world. We can't get rid of them soon enough.

As an aside, blogger Mike Shedlock highlighted the above report on his blog, and that, apparently, "someone" was trying to hide it. Well, just to reinforce the fact that there is no "hiding" on the internet and also to let those who don't already know the true state of the British banking system, here it is (a snapshot of the page in case "someone" tries to hide it again):

Detroit - Coming Soon To Everytown, USA

Detroit, once the hub of Industrial America, is now in shambles. The average home price has fallen in the neighborhood of $18,000. Yes, that's $18000. It's so bad, prisoners don't wanna leave prison. Crime has fallen because, get this, there NOTHING left to rob. Unemployment is 21% and rising. An example, if there ever was one, of what the regime of fiat currency can do to the real economy. Many more cities in America are awaiting a similar fate, if not worse, during the coming/ongoing Greater Depression. Shocking, but true.

Here's one.

And here's another:



This is NOT what a "superpower" nation looks like.