Warning!! Warning!! World At The Cusp of Economic, Financial & Monetary Collapse!
- I cannot tell you which of the last 5 straws will break the camel’s back. But the camel’s back will break. The world is very close to a catastrophic financial, economic and monetary meltdown! It can happen any day now! Got physical gold yet? Warnings from ZeroHedge: – Tyler Durden:
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Here Comes The Non-Boring Weekend: G7 Says “Central Banks Ready To Provide Liquidity As Required”
The G-7 is in full panic mode. The organization for the prevention of harm to the Status Quo was expected to release a communique possibly over the weekend, but the speed with which one was dropped for mass circulation is stunning and confirms that its members are in full meltdown as the weekend comes. It is now certain that the G-7 will attempt some major intervention over the next 48 hours to inject a last dose of hope into capital markets, or else the Monday open will be an epic collapse.
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The IMF Proudly Presents…. “Threat To The International Monetary System” Part Three
… “Back in April 2010, …, we made the following observation: “The IMF has just announced that it is expanding its New Arrangement to Borrow (NAB) multilateral facility from its existing $50 billion by a whopping $500 billion (SDR333.5 billion), to $550 billion.” Little did we know that our conclusion “something big must be coming” would prove spot on just a month later after Greece, then Ireland, then Portgual, and soon Spain, Italy, Belgium, and pretty much all other European countries would topple like dominoes tethered together by a flawed monetary regime. Well, based on news from Dow Jones we can now safely predict the following: “something bigger must be coming.” The specific reason for this prediction was the following: “the International Monetary Fund is expected to soon activate a special funding pool that will boost the fund’s ability to prevent or resolve economic crises.” Sure enough something bigger came, and then some: Greece received its second bailout package about 4 months later, only to see the entire Eurozone hang by a thread following the political fallout that has since ensued. Well, it is time to shift from the comparative to the superlative: “something biggest must be coming.”
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According to Dow Jones the “International Monetary Fund will likely re-activate a $580 billion resource pool in coming weeks to ensure it has funds to help cover Europe’s worsening sovereign-debt crisis, according to several people close to the matter.” Why is this a big flashing red light? “According to the IMF, the pool of supplementary resources are only to be activated when “needed to forestall or cope with a threat to the international monetary system.” So it is settled: just like on the previous two occasions, the biggest load of feces yet is about to hit the fan. The only real question is: how many trillions will the real global backstopper, China, be forced to match this massive expansion of the former world rescuer with… Also, what comes after “biggest”?
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Official Greek Response To Internet “Rumors” Of Imminent Greek Default
Just as to Italy it is suddenly America’s fault the “crisis was sparked“, so now it is “internet rumors” who are to blame that the market, at least in the form of CDS, estimates that the country’s probability of going bankrupt is, oh, 100%.
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Webster Tarpley: Probability of Large-Scale False Flag Terror Event Increasing As European Banking Panic Looms!
- The Illuminist snakes know that the world economy is about to collapse and they are to blame! When the global economic, financial and currency collapse starts, it is their fault. They engineered it and they are financially raping the sheeple! Based on their past history, the Illuminists will initiate false flag terrorism attacks to provide a diversion from the problems for the sheeple to deceive them! Keep in mind the Illuminist’s plan: global collapse followed by World War 3! War is a great way, for the Illuminists, of mass culling of the sheeple. The main threat to the Illuminists are the sheeple!
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Probability of Large-Scale False Flag Terror Event Increasing As European Banking Panic Looms
by Webster G. Tarpley, Ph.D., http://tarpley.net/
Washington DC, Sept. 9, 2011 – Late yesterday, Obama administration officials speaking off the record told reporters that they had a “credible but unconfirmed” threat warning for a terror attack around the time of the 9/11 anniversary is coming Sunday.
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This announcement caps a week in which numerous veterans of the original 9/11 false flag terror attack and cover-up have been prodigal with their media warnings that a repetition of the bloody tragedy of 10 years ago is simply a question of time. These figures have included former New York Mayor Giuliani, 9/11 commission chairs Hamilton and Kean, and many others.
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Based on the current intelligence constellation, a large-scale false flag terror attack over the coming weeks and months is now increasing in probability. This is because such a terror attack, plus the wars it could unleash and the martial law which it might be used to impose in Europe and North America, would facilitate measures which the ruling finance oligarchs of these nations judge to be essential for their short-term survival. The false flag attack could be blamed on Syria, Iran, Hezbollah, the Palestinians, or a range of others.
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Once again, the initiative may be passing into the hands of that rogue network, invisible government, secret government, parallel government, deep state, or special forces underground which exists at the point where Wall Street and City of London financial bosses intersect with the dominant personalities – active-duty and retired – of the Anglo-American secret intelligence establishment.
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Imminent Banking Panic Means New and Bigger Bailouts Imposed by Martial Law
The leading factor compelling the Anglo-American power elite into a new false flag terror adventure is the now rapidly worsening breakdown crisis of the European and US banking systems. Almost 2 years of Anglo-American financial warfare against the euro, generally taking the form of credit default swap (CDS) assaults on European government bonds, have now created an extraordinarily serious crisis. There is presently a list of at least one dozen large European banks, each of whom is a candidate to play the role of Lehman Brothers in the blowup which can now be expected for some time over the next two months. This includes the top British banks. This crisis is almost exclusively the handiwork of the City of London and Wall Street, and they have created it in order to relieve pressure on the dollar, and to neutralize the threat to the future role of the dollar as the world reserve currency. Over the past few days, Anglo-American commentators have been chortling as the dollar has picked up a few pennies of value compared to the euro.
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The problem for the Anglo-Americans is that panic runs on European banks will quickly be translated into panic runs on US banks, and on the dollar. Institutions like Bank of America, Citibank, Morgan Stanley, and even the vaunted Goldman Sachs, which have existed as zombie banks thanks to government largess since September 2008, are now exhibiting telltale signs of a Lehman-like death spiral. In short, if the European banks blow, the London and New York banks will not be far behind. Maybe the Wall Street geniuses of international financial warfare should have thought of that before they embarked on their current lunatic beggar-my-neighbor campaign against their confreres in continental Europe.
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Experience teaches that if the New York money center banks are faced by imminent bankruptcy, their first instinct would be to demand a second bailout of trillions of dollars at US taxpayer expense. The problem for them is that the first bailout has left such a bitter aftertaste that congressional passage of such a monstrous funding bill would be anybody’s guess. From the Wall Street point of view, this makes martial law a much more attractive alternative than in the recent past. Under the impact of a huge false flag event, new bailouts could be railroaded through the Congress or even approved by Wall Street puppet Obama as executive orders and validated later. They could even be approved as a measure necessary for national defense in an emergency. The impact in Europe would be similar.
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Martial law declared in response to a terror attack would automatically be used to suppress public protests against the bailouts and austerity cuts decreed by the zombie bankers and hedge fund hyenas. No matter what the ins and outs, a new terror crisis would help Wall Street get its money. And there is nothing like an imminent financial panic to make the Anglo-American ruling elite go collectively bonkers.
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The Twelve Tyrants of Austerity Threaten the Pentagon Budget
A second and related problem is represented by the first meeting yesterday of that extralegal pseudo-judicial organism which the American people are increasingly referring to as the Twelve Tyrants. This is the infamous Super Committee or Super Congress, an entity which exists in clear violation of the United States Constitution. If, according to one likely scenario, the Twelve Tyrants, the Congress, and Obama fail to agree on a common program of genocidal austerity against the American people, and automatic budget guillotine will come down around Christmas of this year, and will begin cutting $60 billion per year out of the Pentagon budget. According to a number of observers, this prospect by itself is sufficient to move the intelligence old boys of the rogue network to stage a substantial new terror stunt to protect their current level of funding. If new terror attacks occur, it will be much harder to cut the Pentagon budget. Having been deprived of the Cold War 20 years ago, these bellicose militarists do not intend to be deprived of their ersatz Global War on Terror, and they are prepared to go far off the reservation to assert themselves.
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… for the full article click here!
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Germany Said to Ready Plan to Help Banks If Greece Defaults!
It is all about bailing out the banks!
- Greece will default! It is an absolute certainty. The bond market is selling away Greek bonds such that 1 year bond yield is now 88+% and 2 year yield 56%! A Greek default will likely be the domino that starts the collapse of the Eurozone! There are rumours going around that a Greek default may start over this weekend ! (emphasis mine)
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Germany Said to Ready Plan to Help Banks If Greece Defaults
By Alan Crawford, http://www.bloomberg.com/
Chancellor Angela Merkel’s government is preparing plans to shore up German banks in the event that Greece fails to meet the terms of its aid package and defaults, three coalition officials said.
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The emergency plan involves measures to help banks and insurers that face a possible 50 percent loss on their Greek bonds if the next tranche of Greece’s bailout is withheld, said the people, who spoke on condition of anonymity because the deliberations are being held in private. The successor to the German government’s bank-rescue fund introduced in 2008 might be enrolled to help recapitalize the banks, one of the people said.
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The existence of a “Plan B” underscores German concerns that Greece’s failure to stick to budget-cutting targets threatens European efforts to tame the debt crisis rattling the euro. German lawmakers stepped up their criticism of Greece this week, threatening to withhold aid unless it meets the terms of its austerity package, after an international mission to Athens suspended its report on the country’s progress.
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Greece is “on a knife’s edge,” German Finance Minister Wolfgang Schaeuble told lawmakers at a closed-door meeting in Berlin on Sept. 7, a report in parliament’s bulletin showed yesterday. If the government can’t meet the aid terms, “it’s up to Greece to figure out how to get financing without the euro zone’s help,” he later said in a speech to parliament.
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Schaeuble travelled to a meeting of central bankers and finance ministers from the Group of Seven nations in Marseille,France, today as they face calls to boost growth amid increasing threats from Europe’s debt crisis and a slowing global recovery.
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Progress Report
The German government is awaiting the results of the Greek progress report and will decide what course of action then, a government spokesman said, speaking on customary condition of anonymity.
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European bank credit risk surged to an all-time high today and stocks fell worldwide on concern that the debt crisis is escalating. German two-year yields declined to a record as investors sought a haven and Greek two-year note yields added as much as 86 basis points to 55.91 percent, a euro-era record.
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Credit-default swaps insuring Greek sovereign bonds jumped 212 basis points to a record 3,238, according to CMA. The five-year contracts signal there’s a 92 percent probability the country won’t meet its debt commitments.
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“Countries must act now and act boldly to steer their economies through this dangerous new phase of the recovery,” International Monetary Fund Managing Director Christine Lagarde said in a speech in London today. “We must not underestimate the risks of a further spread of economic weakness or even a debilitating liquidity crisis,” she said. “That is why action is needed urgently so banks can return to the business of financing economic activity.”
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… for the full article click here!
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Societal and economics observer and commentator with an endtimes, future history perspective. Follow me at Twitter: socioecohistory
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