(NaturalNews) After years of working diligently to raise the alarm on the precariousness of the global financial system, it has become clear to me that most people still do not grasp the reality of where our global financial system really stands. We are on the verge of a systemic financial implosion that could very nearly wipe out the currency holdings (bank accounts) of hundreds of millions of people, and with each passing day, that long-postponed day of financial reckoning inches ever closer.
“If the European summit could reach a deal on December 9, its next scheduled meeting, the eurozone will survive. If not, it risks a violent collapse,” writes Wolfgang Munchau of the Financial Times (www.ft.com/intl/cms/s/0/d9a299a8-17…). Two years ago, such language would have been spat upon as “doom and gloom fear mongering.” Today it is the mathematical reality across the European Union.
The Polish foreign minister said today that what Europe faces is “a crisis of apocalyptic proportions” (http://www.ft.com/cms/s/0/d29da7fc-…) and urged what is essentially more useless debt bailout tactics to try to delay mathematical reality a little while longer.
I now believe that when the dust settles after the coming debt implosion wreaks economic havoc across the globe, more than a few banksters and money-changers will find themselves indicted, imprisoned, or possibly just hanging from a tall tree at the end of a short rope. That’s how angry the public is going to get when the full realization of the unprecedented theft and criminality of the global banking elite hits them, I fear.
10 days to the economic implosion of the Eurozone?
The EU’s present economic system may not survive the next few weeks. Even if some creative, shifty accounting can be ginned up to keep EU nations solvent, it will only be done so as a temporary delay in the inevitable financial collision that now approaches. Before long, even the denialists and mainstream news minions will have to admit that these global banksters have destroyed the economies of entire nations in much the same way that the Federal Reserve has all but destroyed America’s economic future. The dishonest, debt-mounting schemes which have been pursued by the derivatives-infected global banking industry are nothing less than campaigns offinancial terrorismwaged against the working people of our planet — people who shall, of course, foot the bill for the inevitable damage and destruction that will result.
The criminality of the banksters now seems emboldened by a sense of lawless arrogance:
A large brokerage firm known as MF Global recently collapsed and simply stole the assets of all its customers (http://www.infowars.com/gerald-cele…). Meanwhile, Britain is drawing up emergency plans for the collapse of the Eurozone (http://www.dailymail.co.uk/news/art…). And we now learn that secret Federal Reserve loans pumped $13 billion of profits into the hands of banks which were on the verge of systemic failure (www.ft.com/intl/cms/s/0/d9a299a8-17…).
The banksters are stealing everything from the working class, and governments are going along with the theft, riding shotgun on what is without question the greatest swindle in history. This is what happens when you give up your national sovereignty or turn over control of your money supply to a private, non-government corporation such as the Federal Reserve. This is what happens when you deregulate financial institutions and let the Goldman Sachs controllers influence Congress to get the (corrupt) legislation they want. What we’re dealing with here is runaway criminality…not capitalism.
A D V E R T I S E M E N T
… and it’s all about to blow up right in the faces of those who have tried to cover it up for the past several years.
AFEMARESCUE camp is ready and waiting for you
Now, in case you’re thinking about taking to the streets and protesting all this when the financial implosion steals whatever might be remaining of your hard-won savings, think again: The U.S. Senate is moving to enact a law that would allow military troops to march on U.S. soil and arrest American citizens with no due process, no trial, no legal representation and no protection under the Bill of Rights. Americans could be thrown in secret military prisons, interrogated, tortured and held indefinitely without ever being charged with a crime!
It’s all part of the new “National Defense Authorization Act” (S.1867) which features a section called the “worldwide indefinite detention without charge or trial” provision.
“The power is so broad that even U.S. citizens could be swept up by the military and the military could be used far from any battlefield, even within the United States itself,” says the ACLU (http://www.aclu.org/blog/national-s…).
Sen. Lindsey Graham even explained in plain language that the bill is being written to detain American citizens anywhere in America! His words on the Senate floor: “…1031, the statement of authority to detain, does apply to American citizens and it designates the world as the battlefield, including the homeland.”
In other words, the total military police state tyranny will soon be overt and official. So let’s dispense with the silly talk that we live in a “free” nation. Enough of the childish accusations that people like Alex Jones are only spouting “conspiracy theories” about the police state. When the U.S. Senate fronts a bill that, in plain language, authorizes the use of the military to conduct secret arrests of American citizens on any “battlefield,” including the “battlefield” right outside your front door, the tyranny is no longer a theory, folks — it’s an historical fact! It’s time we all woke up to the nightmare reality and did something about it for a change.
This legislation, not surprisingly, was drafted by the globalist traitors Senators Carl Levin (D-Mich.) and John McCain (R-Ariz.). Sen. McCain, himself a prisoner of war in Vietnam, apparently believes not enough Americans have yet experienced what it’s like to be held under a tyrannical regime with no legal rights. So now he’s making sure the U.S. government acts almost as if it were the North Vietnamese, or North Korea for that matter. Heck, even in North Korea, the police don’t feel your genitals at checkpoints. That’s uniquely a USA form of “sexually perverse tyranny.”
If passed into law, this act would allow the U.S. military to arrest and imprison American citizens for merely being suspected of so-called “terrorist-related activities.”
“This means Americans could be declared domestic terrorists and thrown in a military brig with no recourse whatsoever,” writes Paul Joseph Watson of InfoWars.com. “Given that the Department of Homeland Security has characterized behavior such as buying gold, owning guns, using a watch or binoculars, donating to charity, using the telephone or email to find information, using cash, and all manner of mundane behaviors as potential indicators of domestic terrorism, such a provision would be wide open to abuse.” (http://www.infowars.com/senate-move…) The police state crackdown is being rushed into “law” before the total financial collapse strikes It is no coincidence, of course, that the invocation of unconstitutional military powers (and TSA-led highway checkpoints) is happening at precisely the moment in history when the global banking system is on the verge of a systemic collapse. The ramping up of FEMA camps, the armed raids on raw milk farms, the “trickle-down tyranny” now infecting the very fabric of our nation (http://www.naturalnews.com/034221_t…)… these are not chance events. They are all part of an engineered oppression of liberties being thrust upon the American people in anticipation of large-scale social unrest (riots) which will almost certainly follow the financial implosion that’s now at our doorstep.
People, it seems, are not happy when everything they’ve worked for is stolen from them. Gee, I wonder why? As Gerald Celente says, when the people have lost everything, and they have nothing more to lose,they lose it!
For the record, I do not condone rioting in the streets, which is why I work diligently to teach people about all this realitybefore it happensso they are not surprised and shocked by it. Rioters, by definition, are those acting out of emotional anger, and that comes from beingsurprisedby a sudden escalation that was unexpected. People like myself (and hopefully you) who see all this coming won’t be surprised at all, and we share in the realization that violent rioting achieves nothing other than a whole lot of spilled blood — and that blood should be avoided, if at all possible, I believe.
Nevertheless, only a small percentage of people alive today are willing to awaken to reality. Most will subsist in a state of self delusion and irrational denial, all the way to the very day that they lose everything to the global banking elite.
The laws of mathematics cannot be argued with
That day of rage is unfortunately coming in America. I’ve been warning people about this for years, and it now seems closer than ever before.
The gullible sheeple, of course, still chuckle and grunt at the idea that the value of their precious dollars could somehow evaporate virtually overnight. They do not grasp the mathematics of leveraged debt, and they have no real awareness of how global fractional reserve banking really works. These “ignorant masses” will lose everything. And being shocked by the sudden change in their fortunes, they will riot in the streets, at which point they will be rounded up and railroaded into FEMA camps. That’s when the incinerators will be fired up, says Max Keiser (http://www.maxkeiser.com), and the next horrific holocaust will commence under a police state system of eliminating the “useless eaters.”
If that happens, the U.S. government will of course hand-pick the incinerator administrators from the top ranks of the TSA. After all, someone who is willing to openly violate an innocent person’s Fourth Amendment rights andsexually molestair passengers is only one step away from gleefully operating the Zyklon-B gas emitters in the shower chamber full of “terrorist resistance fighters” (i.e. innocent protesters). As the Milgram experiments have long proven, a whopping 70 percent of the population will actively murder innocents if directed to do so by a person in an apparent position of authority (http://www.naturalnews.com/025141.html).
(No tyrannical police state has ever suffered from a lack of willing, power-hungry volunteers who love to wear a uniform and crush the skulls of innocents, by the way. Even today, TSA jobs are strongly sought after by those unqualified to do anything other than act as police state bullies…) Oh, is this all too much for you? Let’s tone it down, then, and imagine governments never commit acts of evil against the People. Let’s play la-la-land pretend time for a moment and imagine that the U.S. government in particular will always respect your civil rights, your human rights and the Bill of Rights — because, we’ll imagine,the government operates from a philosophical foundation of ethical behavior. (Yes, see if you can swallow that thought for a minute and actually keep it down…)
Ah, but hold on. They’re already violating the Bill of Rights with unreasonable roadside searches and checkpoints. The government has already openly admitted to running inhumane, grotesque human medical experiments that used innocent human beings as guinea pigs to enhance the profits of the drug companies (http://www.naturalnews.com/034221_t…). The FBI has already been caught actually masterminding the “terrorist” campaigns across America that it then takes credit forhalting!(http://www.naturalnews.com/033751_F…). And the ATFadmittedlyoperates a criminal gun-running operation that has put tens of thousands of guns into the hands of Mexican drug gangs (http://www.naturalnews.com/032934_A…).
None of this computes with the bizarre belief that the government is protective of life, compassionate toward the People or even capable of operating within the bounds of limited government under which it was originally created by the People.
And yet, there is one industry the government absolutely loves: The banking industry. Trillions of dollars in magical new money have been created and handed out to the wealthiest criminal banksters in the USA and around the world. These are the golden elite of the world’s wealthiest criminals. They’re so rich and so deeply invested in obscene criminality that when they bet the wrong way and stand to lose a few trillion dollars, the central banks of the world leap to attention and crank up the printing presses to bail them out! (… leaving you and I to foot the bill through the loss of value in the currency we foolishly hold by depositing our money in many of those same banks!) No government of the world, you see, will bail out its own citizens. But they will gladly bail out the wealthy, elite banksters who, more than anyone, deserve to be publicly prosecuted for committing the most heinous white-collar crimes our world has ever seen.
You won’t be bailed out; you’ll be buried
So don’t expect for one minute that YOU are going to bailed out, or have your rights protected, or valued in any way whatsoever by the global governments or the banksters that pull their strings. You and I are fodder to the globalists. We are already soylent green on the menu. Our cash is already in the process of being stolen, we just haven’t fully added it up yet.
Our rights have already been dismissed and trampled, and now the thuggish grunt-minded minions of the TSA are merely trying to drive that point home in the minds of Americans by groping, molesting and in some cases sodomizing innocent Americans. What Sandusky did to little boys over the last fifteen years at Penn State, the TSA — a bastion of pedophilia and psychopathic criminals — is doing every single day across the airports of America.
Prison is not nearly appropriate enough for the crimes these government psychopaths are committing right now under the guise of “protecting us from terrorism.” These uniform-wearing monsters deserve a special place in Hell that’s reserved for the serial rapists, the mass murderers, the pharmaceutical drug reps and evil genius bioweapons scientists. I predict there will be noreconciliationagainst these tyrants who now believe they are above the law (and above the “little people” like you and me). When the masses are finally awakened to the full extent of the tyranny that has already been unleashed upon them, I pity those who took part in this system of great, unforgiveable evil — a system that may yet give Nazi Germany a run for its money in the degree of evil being unleashed upon our world.
Financial collapse and tyranny go hand in hand
The clock is ticking on both counts: The financial implosion and the total tyrannical crackdown against liberty and freedom. They are strongly correlated events, as the former forces the hand of Big Government to roll out the latter.
Those who are caught sandwiched between these historical trends will find themselves either broke, imprisoned or incinerated (or maybe all three in a row). Only those who have the presence of mind to recognize the reality around them will have any chance at surviving all this and then taking part in the restoration of civil liberties and fundamental freedoms in the next society.
It’s going to be an interesting ride. May God have mercy on the souls of those who have unleashed the destruction we are about to witness, because I do not believe the once-awakened sheeple of the world will have any mercy at all. They’re the ones, after all, that will be surprised by everything that is about to unfold.
Thomas Jefferson famously wrote the following commentary about rebellion:
“God forbid we should ever be twenty years without such a rebellion. The people cannot be all, and always, well informed. The part which is wrong will be discontented, in proportion to the importance of the facts they misconceive. If they remain quiet under such misconceptions, it is lethargy, the forerunner of death to the public liberty… And what country can preserve its liberties, if its rulers are not warned from time to time, that this people preserve the spirit of resistance? Let them take arms. The remedy is to set them right as to the facts, pardon and pacify them. What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time, with the blood of patriots and tyrants. It is its natural manure.”
It is my great desire that we can find a way to refresh the tree of libertywithoutthe blood of patriots and tyrants. Peaceful revolution — and the rationalrestorationof liberty is always preferable to bloodshed. And yet, as JFK famously said on this very point, “Those who make peaceful revolution impossible will make violent revolution inevitable.”
Will 2012 be the year that we see an economic collapse in Europe? Before you dismiss the title of this article as “alarmist”, read the facts listed in the rest of this article first. Over the past several months, there has been an astonishing loss of confidence in the European financial system.
Right now, virtually nobody wants to loan money to financially troubled nations in the EU and virtually nobody wants to lend money to major European banks. Remember, one of the primary reasons for the financial crisis of 2008 was a major credit crunch that happened here in the United States. This burgeoning credit crunch in Europe is just one element of a “perfect storm” that is rapidly coming together as we get ready to go into 2012. The signs of trouble are everywhere. All over Europe, governments are implementing austerity measures and dramatically cutting back on spending. European banks are substantially cutting back on lending as they seek to meet new capital requirements that are being imposed upon them. Meanwhile, bond yields are going through the roof all over Europe as investors lose confidence and demand much higher returns for investing in European debt. It has become clear that without a miracle happening, quite a few European nations and a significant number of European banks are not going to be able to get the funding that they need from the market in 2012. The only thing that is going to avert a complete and total financial meltdown in Europe is dramatic action, but right now European leaders are so busy squabbling with each other that a bold plan seems out of the question.
The following are 22 reasons why we could see an economic collapse in Europe in 2012….
#1 Germany could rescue the rest of Europe, but that would take an unprecedented financial commitment, and the German people do not have the stomach for that. It has been estimated that it would cost Germany 7 percentof GDP over several years in order to sufficiently bail out the other financially troubled EU nations. Such an amount would far surpass the incredibly oppressive reparations that Germany was forced to pay out in the aftermath of World War I.
A host of recent surveys has shown that the German people are steadfastly against bailing out the rest of Europe. For example, according to one recent poll 57 percent of the German people are against the creation of eurobonds.
At this point, German politicians are firmly opposed to any measure that would place an inordinate burden on German taxpayers, so unless this changes that means that Europe is not going to be saved from within.
#2 The United States could rescue Europe, but the Obama administration knows that it would be really tough to sell that to the American people during an election season. The following is what White House Press Secretary Jay Carneysaid today about the potential for a bailout of Europe by the United States….“This is something they need to solve and they have the capacity to solve, both financial capacity and political will” Carney also said that the Obama administration does not plan to commit any “additional resources” to rescuing
Europe…. “We do not in any way believe that additional resources are required from the
United States and from American taxpayers.”#3 Right now, banks all over
Europe are in deleveraging mode as they attempt to meet new capital-adequacy requirements by next June.
According to renowned financial journalist Ambrose Evans-Pritchard, European banks need to reduce the amount of lending on their books by about 7 trillion dollars in order to get down to safe levels….Europe’s banks face a $7 trillion lending contraction to bring their balance sheets in line with the
Japan, threatening to trap the region in a credit crunch and chronic depression for a decade.
So what does that mean?
It means that European banks are going to be getting really, really stingy with loans.
That means that it is going to become really hard to buy a home or expand a business in Europe, and that means that the economy of Europe is going to slow down substantially.
#4 European banks are overloaded with “toxic assets” that they are desperate to get rid of. Just like we saw with U.S. banks back in 2008, major European banks are busy trying to unload mountains of worthless assets that have a book value of trillions of euros, but virtually nobody wants to buy them.
#5 Government austerity programs are now being implemented all over Europe. But government austerity programs can have very negative economic effects. For example, we have already seen what government austerity has done to Greece. 100,000 businesses have closed and a third of the population is now living in poverty.
But now governments all over Europe have decided that austerity is the way to go. The following comes from a recent article in the Economist…France’s budget plans are close to being agreed on; further cuts are likely but will be delayed until after the elections in spring. Italy has yet to vote through a much-revised package of cuts. Spain’s incoming government has promised further spending cuts, especially in regional outlays, in order to meet deficit targets agreed with Brussels.
#6 The amount of debt owed by some of these European nations is so large that it is difficult to comprehend. For example, Greece, Portugal, Ireland, Italy and Spain owe the rest of the world about 3 trillion euros combined.
So what will massive government austerity do to troubled nations such as Spain, Portugal, Ireland and Italy? Ambrose Evans-Pritchard is very concernedabout what even more joblessness will mean for many of those countries….Even today, the jobless rate for youth is near 10pc in
Japan. It is already 46pc in
Spain, 43pc in
Greece, 32pc in
Ireland, and 27pc in
Italy. We will discover over time what yet more debt deleveraging will do to these societies.
#7 Europe was able to bail out Greece and Ireland, but there is no way that Italy will be able to be rescued if they require a full-blown bailout.
Unfortunately, Italy is in the midst of a massive financial meltdown as you read this. The yield on two year Italian bonds is now about double what it was for most of the summer. There is no way that is sustainable.
It would be hard to overstate how much of a crisis Italy represents. The following is how former hedge fund manager Bruce Krasting recently described the current situation….
At this point there is zero possibility that Italy can refinance any portion of its $300b of 2012 maturing debt. If there is anyone at the table who still thinks that Italy can pull off a miracle, they are wrong. I’m certain that the finance guys at the ECB and Italian CB understand this. I repeat, there is a zero chance for a market solution for Italy.
Krasting believes that either Italy gets a gigantic mountain of cash from somewhere or they will default within six months and that will mean the start of a global depression….
I think the Italian story is make or break. Either this gets fixed or Italy defaults in less than six months. The default option is not really an option that policy makers would consider. If Italy can’t make it, then there will be a very big crashing sound. It would end up taking out most of the global lenders, a fair number of countries would follow into Italy’s vortex. In my opinion a default by Italy is certain to bring a global depression; one that would take many years to crawl out of.
#8 An Italian default may be closer than most people think. As the Telegraphrecently reported, just to refinance existing debt, the Italian government must sell more than 30 billion euros worth of new bonds by the end of January…Italy’s new government will have to sell more than EURO 30 billion of new bonds by the end of January to refinance its debts. Analysts say there is no guarantee that investors will buy all of those bonds, which could force Italy to default.
The Italian government yesterday said that in talks with German Chancellor Angela Merkel and French President Nicolas Sarkozy, Prime Minister Mario Monti had agreed that an Italian collapse “would inevitably be the end of the euro.”
#9 European nations other than just the “PIIGS” are getting into an increasing amount of trouble. For example, S&P recently slashed the credit rating of Belgium to AA.
#10 Credit downgrades are coming fast and furious all over Europe now. At this point it seems like we see a new downgrade almost every single week. Some nations have been downgraded several times. For instance, Fitch has downgraded the credit rating of Portugal again. At this point it is being projected that Portuguese GDP will shrink by about 3 percent in 2012.
#11 The financial collapse of Hungary didn’t make many headlines in the United States, but it should have. Moody’s has cut the credit rating of Hungarian debt to junk status, and Hungary has now submitted a formal request to the EU and the IMF for a bailout.
#13 German banks are also starting to show signs of weakness. The other day, Moody’s downgraded the ratings of 10 major German banks.
#14 As the Telegraph recently reported, the British government is now making plans based on the assumption that a collapse of the euro is only “just a matter of time”….
As the Italian government struggled to borrow and Spain considered seeking an international bail-out, British ministers privately warned that the break-up of the euro, once almost unthinkable, is now increasingly plausible.
Diplomats are preparing to help Britons abroad through a banking collapse and even riots arising from the debt crisis.The Treasury confirmed earlier this month that contingency planning for a collapse is now under way.A senior minister has now revealed the extent of the Government’s concern, saying that Britain is now planning on the basis that a euro collapse is now just a matter of time.
#15 The EFSF was supposed to help bring some stability to the situation, but the truth is that the EFSF is already a bad joke. It has been reported that the EFSF has already been forced to buy up huge numbers of its own bonds.
#16 Unfortunately, it looks like a run on the banks has already begun in Europe. The following comes from a recent article in The Economist….“We are starting to witness signs that corporates are withdrawing deposits from banks in
Belgium,” an analyst at Citi Group wrote in a recent report. “This is a worrying development.”
#17 Confidence in European banks has been absolutely shattered and virtually nobody wants to lend them money right now.
Money-market funds in the United States have quite dramatically slammed shut their lending windows to European banks. According to the Economist, Fitch estimates U.S. money market funds have withdrawn 42 percent of their money from European banks in general.And for France that number is even higher — 69 percent. European money-market funds are also getting in on the act.
#18 There are dozens of major European banks that are in danger of failing. The reality is that most major European banks are leveraged to the hilt and are massively exposed to sovereign debt. Before it fell in 2008, Lehman Brothers was leveraged 31 to 1. Today, major German banks are leveraged 32 to 1, and those banks are currently holding a massive amount of European sovereign debt.
#19 According to the New York Times, the economy of the EU is already projected to shrink slightly next year, and this doesn’t even take into account what is going to happen in the event of a total financial collapse.
#20 There are already signs that the European economy is seriously slowing down. Industrial orders in the eurozone declined by 6.4 percent during September. That was the largest decline that we have seen since the midst of the financial crisis in 2008.
#21 Panic and fear are everywhere in Europe right now. The European Commission’s index of consumer confidence has declined for five months in a row.
#22 European leaders are really busy fighting with each other and a true consensus on how to solve the current problems seems way off at the moment. The following is how the Expressrecently described rising tensions between German and British leaders….
The German Chancellor rejected outright Mr Cameron’s opposition to a new EU-wide financial tax that would have a devastating impact on the City of London.
And she refused to be persuaded by his call for the European Central Bank to support the euro. Money markets took a dip after their failure to agree.
Are you starting to get the picture?
The European financial system is in a massive amount of trouble, and when it melts down the entire globe is going to be shaken.
But it isn’t just me that is saying this. As I mentioned in a previous article, there are huge numbers of respected economists all over the globe that are now saying that Europe is on the verge of collapse.
For example, just check out what Credit Suisse is saying about the situation in Europe….
“We seem to have entered the last days of the euro as we currently know it. That doesn’t make a break-up very likely, but it does mean some extraordinary things will almost certainly need to happen – probably by mid-January – to prevent the progressive closure of all the euro zone sovereign bond markets, potentially accompanied by escalating runs on even the strongest banks.”Many European leaders are promoting much deeper integration and a “European superstate” as the answer to these problems, but it would take years to implement changes that drastic, and Europe does not have that kind of time.
If Europe experiences a massive economic collapse and a prolonged depression, it may seem like “the end of the world” to some people, but things will eventually stabilize.
A D V E R T I S E M E N T
A lot of people out there seem to think that the global economy is going to go from its present state to “Mad Max” in a matter of weeks. Well, that is just not going to happen. The coming troubles in Europe will just be another “wave” in the ongoing economic collapse of the western world. There will be other “waves” after that.
Of course this current sovereign debt crisis could be entirely averted if the countries of the western world would just shut down their central banks and start issuing debt-free money.
The truth is that there is no reason why any sovereign nation on earth ever has to go a penny into debt to anyone. If a nation is truly sovereign, then the government has the right to issue all of the debt-free money that it wants. Yes, inflation would always be a potential danger in such a system (just as it is under central banking), but debt-free money would mean that government debt problems would be a thing of the past.
Unfortunately, most of the countries of the world operate under a system where more government debt is created when more currency is created. The inevitable result of such a system is what we are witnessing now. At this point, nearly the entire western world is drowning in debt.
There are alternatives to our current system. But nobody in the mainstream media ever talks about them.
So instead of focusing on truly creative ways to deal with our current problems, we are all going to experience the bitter pain of the coming economic collapse instead.
Things did not have to turn out this way.