Something Serious is About to Happen
Published in Diario Co Latino
(El Salvador) on 17 August 2012
by Michael Snyder (link to original)
Something really strange seems to be happening.
Worldwide, governments and big banks are acting as if they are anticipating an imminent financial collapse.
Regrettably, we don’t have access to the conversations that take place in the corporate lobbies and in the walkways of power like Washington and London – all that we can do is find an explanation to the clue that surround us. Of course it’s possible to interpret these clues badly, but burying one’s head in the sand is not going to be good either.
Last week, it was revealed that the North American government has been secretly schooling five banks in the last two years in order to delay the collapse. By itself, this is not so important, but when this fact is added to other factors, a very problematic scene starts to emerge.
In the last 12 months, hundreds of bank executives have been fired, corporate agents have been selling stocks and I have been personally informed of a significant number of Wall Street bankers that have bought properties in the field this summer.
Meanwhile, there have been reports that the U.S. government has stored food and supplies and their own Barack Obama has signed numerous executive orders that might potentially be enforced in a context of social crisis. What does all this mean? It could mean something or it might not mean anything. What we know is that a financial collapse can arrive at any moment.
During the last 40 years, the total amount of all debt in the United States has grown from around $2 billion to almost $55 billion. This is a recipe for financial armageddon and it seems inevitable that the gigantic bubble of debt will explode at any moment.
Usually, the U.S. government would not invite big banks to “develop plans in order to rectify the collapse.” However, according to a recent article by Reuters, apparently that is what has been happening.
“U.S. regulators directed five of the country’s biggest banks, including Bank of America and Goldman Sachs Group Inc, to develop plans for staving off collapse if they faced serious problems, emphasizing that the banks could not count on government help,” Reuters reported.
Doesn’t it seem strange that these five enormous banks might have received a warning? And why was it kept in secret from American citizens?
Does the federal government expect such a collapse to happen?
If the federals were hoping for a financial collapse to happen, they are not the only ones. A growing number of highly respected economists are speaking of a new financial collapse as if it is inevitable. For example, we refer to an article from Monday Morning:
“Richard Duncan, formally of the World Bank and chief economist at Blackhorse Asset Mgmt., says America’s $16 trillion federal debt has escalated into a ‘death spiral,’ as he told CNBC … And it could result in a depression so severe that he doesn’t ‘think you civilization could survive it.’”
A World Bank executive adds that our civilization could not survive what comes. That is rather chilling.
Economist Nouriel Roubini said that he believes that the crisis that is coming will be the worst since 2008...
“It’s worse because in 2008 we had an economic and financial crisis, but now we remain without political bullets. In 2008, we could cut rates, induce the fiscal estimate, obtain bank warranties and all of that. Nowadays, the problems are solvency not liquidity. The fiscal deficits are so great that one cannot redeem the banks because one, there is political opposition to do so and two, the governments are near bankruptcy – they can’t even save themselves. It seems we are running out of political rabbits to take out of the hat.”*
On the other side of the pond, many European workers echoed similar sentiments. What Nigel Farage said to King World News is very disturbing.
“Today a member of the European Parliament spoke with King World News about what he discovered as the possibility of, ‘a really dramatic banking collapse.’ Farage also added that the central planners want to enslave and imprison people on the inside of a ‘New Order,’ and he described the situation as ‘horrifying.’”
The situation in Europe continues to worsen. European authorities have led “solutions” after “solutions” and unemployment is still through the roof and the economic condition in the European Union has deteriorated in the last 12 months. If that wasn’t enough, there are a growing number of indications that Germany is really considering abandoning the Euro.
It isn’t necessary to say that there would be a complete and total disaster for the rest of Europe. Realistically speaking, the scenarios seem very adverse for the global economy.
*Editor’s note: This quotation, although accurately translated, could not be verified.
Worldwide, governments and big banks are acting as if they are anticipating an imminent financial collapse.
Regrettably, we don’t have access to the conversations that take place in the corporate lobbies and in the walkways of power like Washington and London – all that we can do is find an explanation to the clue that surround us. Of course it’s possible to interpret these clues badly, but burying one’s head in the sand is not going to be good either.
Last week, it was revealed that the North American government has been secretly schooling five banks in the last two years in order to delay the collapse. By itself, this is not so important, but when this fact is added to other factors, a very problematic scene starts to emerge.
In the last 12 months, hundreds of bank executives have been fired, corporate agents have been selling stocks and I have been personally informed of a significant number of Wall Street bankers that have bought properties in the field this summer.
Meanwhile, there have been reports that the U.S. government has stored food and supplies and their own Barack Obama has signed numerous executive orders that might potentially be enforced in a context of social crisis. What does all this mean? It could mean something or it might not mean anything. What we know is that a financial collapse can arrive at any moment.
During the last 40 years, the total amount of all debt in the United States has grown from around $2 billion to almost $55 billion. This is a recipe for financial armageddon and it seems inevitable that the gigantic bubble of debt will explode at any moment.
Usually, the U.S. government would not invite big banks to “develop plans in order to rectify the collapse.” However, according to a recent article by Reuters, apparently that is what has been happening.
“U.S. regulators directed five of the country’s biggest banks, including Bank of America and Goldman Sachs Group Inc, to develop plans for staving off collapse if they faced serious problems, emphasizing that the banks could not count on government help,” Reuters reported.
Doesn’t it seem strange that these five enormous banks might have received a warning? And why was it kept in secret from American citizens?
Does the federal government expect such a collapse to happen?
If the federals were hoping for a financial collapse to happen, they are not the only ones. A growing number of highly respected economists are speaking of a new financial collapse as if it is inevitable. For example, we refer to an article from Monday Morning:
“Richard Duncan, formally of the World Bank and chief economist at Blackhorse Asset Mgmt., says America’s $16 trillion federal debt has escalated into a ‘death spiral,’ as he told CNBC … And it could result in a depression so severe that he doesn’t ‘think you civilization could survive it.’”
A World Bank executive adds that our civilization could not survive what comes. That is rather chilling.
Economist Nouriel Roubini said that he believes that the crisis that is coming will be the worst since 2008...
“It’s worse because in 2008 we had an economic and financial crisis, but now we remain without political bullets. In 2008, we could cut rates, induce the fiscal estimate, obtain bank warranties and all of that. Nowadays, the problems are solvency not liquidity. The fiscal deficits are so great that one cannot redeem the banks because one, there is political opposition to do so and two, the governments are near bankruptcy – they can’t even save themselves. It seems we are running out of political rabbits to take out of the hat.”*
On the other side of the pond, many European workers echoed similar sentiments. What Nigel Farage said to King World News is very disturbing.
“Today a member of the European Parliament spoke with King World News about what he discovered as the possibility of, ‘a really dramatic banking collapse.’ Farage also added that the central planners want to enslave and imprison people on the inside of a ‘New Order,’ and he described the situation as ‘horrifying.’”
The situation in Europe continues to worsen. European authorities have led “solutions” after “solutions” and unemployment is still through the roof and the economic condition in the European Union has deteriorated in the last 12 months. If that wasn’t enough, there are a growing number of indications that Germany is really considering abandoning the Euro.
It isn’t necessary to say that there would be a complete and total disaster for the rest of Europe. Realistically speaking, the scenarios seem very adverse for the global economy.
*Editor’s note: This quotation, although accurately translated, could not be verified.
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