The international banker who warned Steve Quayle 3 weeks ago that the Euro has collapsed unofficially has released another RED ALERT, stating that the Western banking system is being intentionally burned to the ground by the elite.
The source states that the the recent ‘hacking’ of 60 Western banks, JPM’s CIO losses (which he states are actually $150 billion), and the LIBOR manipulation scandal are all symptoms of the entire banking system being flushed out and totally burned to the ground by insiders before it collapses on its own weight.
From Steve Quayle:
It has begun- the unofficial collapse of the Euro that I have announced back in late June has started to run into the massive canyon like fissures of the financial world.
As web site after web site and expert after expert talk endlessly about the failing frame work of the whole western financial system; they over look one main point. That point is this; when a patient is brain dead, you may debate that there is still blood coursing through their veins, that their heart still beats, that there is still a modicum of respiration still occurring. The fact remains though the vestigial systems of the organism works, it’s main source of control that dictates every one of its voluntary mechanical operation IS DEAD. So it is with Western Banking. There are still “signs” of life, the ATMs work (for most anyway) online transactions are for the most part operational (again for most) but the arguments of liquidity and solvency rage because of the simple lack of omission that the very needed rudiments of the financial system, it’s modus operandi, it’ s organized brain of safeguards and cognition has ceased functioning.
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_silv.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_gold.gif)
after the margin SMACK we know is coming in 4 weeks! Thinking if there’s a
dip tomorrow going to make a play for more of my
friends……
“If you are still in paper you are a madman or woman.” Seems a little unnecessary.
Syphax, Weimer Republic Germany: They were burning their paper Deutschmark notes as fuel because it was cheaper than buying newspaper. It can happen, and will happen. I believe the informers call is too early, however if you have your cash in the bank trying to earn zero percent interest, it might as well be in your pocket.
From what I surmise, I can’t say I agree the ‘ship is being scuttled’ just because the Captain and crew are taking to the lifeboats before alerting the passengers that the ship is slipping into the deep.
Still, that bit about the ‘glitches’ hiding the ‘lowering of the skiffs’, was a particularly fascinating connection. ‘Fits like a glove’, as they say.
I was tempted to purchase some Silver this weekend. However, like 4oz, I will watch the market and since, I am in the south pacific, I will be watching the Asian Markets. The smash silver tonight and tomorrow, I will continue to purchase. There are plenty of people still asleep and they are going to get burned. I am not going to help them either.
“Who thorows a shoe? Honestly? –Austin Powers
Personally, I think the entire American culture and financial world is being scuttled. Why have we been robbed of our home values? Why have we been scammed out of our pensions, annuities, pm price fixing, dollar devaluation? Why indeed. Our industry hase been moved to China an India while joblessness in the US is the result. Why? Our space shuttle is shuttled, no replacement, why? I think, based on common sense and what is not in the news papers and magazines, is the US is destined for a geological, astronomical upheaval that would render our assets as useless, unless one is off teh grid with the possibility that soon crowds of survivors will take what you have anyways. Here is a cut and paste from “The Shape of Things to Come Volume 1, Issue 0 Data Set Analysis Asymmetric Language Trend Analysis Interpretation and Predictions for 2012 and beyond By clif high (halfpasthuman.com
For discussion purposes only:
ED NOTE:As forecast in previous ALTA and Shape reports, the data has always maintained a [stealth] or [taxation at the point of transfer] form of [precious metalsconfiscation]. It is here this year. Likely beginning in early July. This will be coincident with a major [failure] of the [paper debt markets] and the inception of a form of [hyperinflation].
The [hyper-inflation] is described as being [strange] with [layers/types], and [levels]. The data sets are unclear, but may be describing a situation in which [cross border hyper-inflation] exists with [multiple currencies] simultaneously. The data suggests that the [reconciliation (to historic norms)] of the [silver to gold ratio] will begin in July. Note that this will NOT be a good thing as the data sets are indicating it occurs against the larger problem sets of the ‘economy’ at a global level as is discussed below. Also note that, in the opinion of HPH, people would be seriously deranged to trade any material object for paper currencies or digital representations after mid June. The reasons will have become obvious by mid July.
As the [planetary dollar based economy unravels] in June and July, the natural response to the [rapidly shifting conditions] within the [north american continent] is indicated to cause several [visible] changes. The [borders of USA] are indicated to be [virtually closed], but curiously NOT by USA officialdom, but rather by Canada and Mexico. In both cases it is to stop a [flood] of [economic] and [political] [refugees]. Many data details suggest that some [spectacular stories] will be emerging that will be [negatively pimped] by the [msm propaganda media whores]. The idea coming across is that the [TSA (terrorist suspicious agency)] will attempt to take over [all transportation] and [border functions] by late 2012, but along the way will be [making news] for the [msm propaganda media whores] as they will [adopt] the [IRS/infernal revenue system] approach to [terrorizing stories] to [enforce compliance]. The data indicates that [pictures of fleeing families (found raped/mutilated/robbed)] will be [used by TSA/officialdom] to [control cross border flight]. Of course, the data indicates that these will be [officialdom prompted, created incidents].
Throw in Gerald Celent who speaks from the heart, Lindsey Williams, Joel Skousen, and Major Ed Dames (ret) and we have one heck of a ride the bext six months. I wll not reveal other sources as you are probably not tuned in to the where and whens.
http://lindseywilliams101.blogspot.com/
http://geraldcelentechannel.blogspot.com/
http://worldaffairsbrief.com/home
http://www.thekillshot.com/
Earthquakes, sun flares, radiation, tsunamis, and financial collapse all says to me that American’s have had their constitution gutted,dollar gutted, private wealth gutted, inheritances taxed away, indistrial might gutted. Oh yea, I go through the motions, have large bets on PM’S, I also am out of paper, into tangible assets, but I have to ask, if these people are right, why?
Thomas you are correct it’s getting very interesting. I recently listened to an author on AM Radio during a long drive and he continually pointed out that it wasn’t just the Mayan’s calendar that ended in 2012. Through research he located a whole host of calendars from different areas of the world and prophetic predictions that all pointed to 2012. He’s got a book out and if anyone knows the title please post as I’d like to get a copy.
Once again?
I just came up with a name for the world wide financial institutions. HAGFISH BANKS
If you Google up hag fish the information you find is really revolting. The hag fish has been described as the most disgusting foul creature in the ocean. It’s an eel covered with a really nasty slime but it’s one particularly wretched trait is how it feeds. It attaches itself to a fish with a mouth sucker and then using its rasping tongue it started eating its victim from the inside out.
Burrowing through the scales and skin of its next meal it will work itself into the fish, rasping and scouring out the innards of the victim until it’s little more than a hollowed out shell. Think of this fish when comparing JPM receiving 77% of its income from the US Government. Not that I have any love for the USG but JPM is the archtypal hag fish bank, eating into its host, devouring it from the inside out and leaving the corpse to float to the surface, fish belly white in the sun. Ditto for WFB, HSBC, Barkleys, RBC, B of A, and on and on. The world’s entire financial system is populated by Hag Fish and we are their prey. And as a side note, the Queen of England receives Hag Fish pies on her birthday. I guess it’s a delicacy but it seems to be pretty descriptive of that particular monarch. Cheers!!
Why? Maybe it is because these United States of America were a beacon of hope and freedom for the downtrodden masses of this entire world. It was the breadbasket of the world, the leader in new technologies, culture, and property rights. A Christian safe haven, a place where everyone was granted religious freedom and treated equally under the law. In other words, a giant threat to the royal bluebloods, the sheiks, the oligarchs, all of the genetic elitists of the world.
So we were infiltrated by a group of powerful and cohesive globalists clawing their way into powerful positions, who then fill the various organizations they run with others from their pack of wolves. Even with all the cronyism and crooked dealing it still took them a hundred years and six major wars to get us into this weakened position.
Once they have cleared the moorings and are safely away with the loot, they intend to pull the plug. There will be a lot of people stunned and immobilized when it really happens, and it will happen in a single hour.
Just my take on ‘why’.
Evil destroys, that’s all it’s good for.
Kinda wish they would just shove off, pull the proverbial plug, and leave us to our own devices. I still have faith, in general, in my fellow man. I think we’d see a whole lot of folks rise to the occassion if we actually had the chains off, and we’d see leaders from the “liberty movement” in the GOP and other areas as well stepping up with sound policy and all in the time of need. These changes are going to be SO stunning that 90%+ of the people out there are going to be simply stunned into a further catotonic state I think – and looking for folks with ACTUAL answers. Enter Ron Paul and those he’s been teaching and “shepherding along” for years now.
Conax;
http://www.dailymail.co.uk/news/article-2170378/Second-RBS-glitch-hits-bank-s-savers-100-000-customers-balances-updated.html
The manipulation and the lies can only continue for so long. Eventually the markets will dictate value. The FED can implement ZIRP, twist, QE, swaps, or whatever. This will only last as long as people still believe in the dollar system. The MSM is working overtime to divert your attention away from the economy and global events. CNBC has recently just admitted of all the rigging and manipulation of the markets. I have watched Bloomberg talk about central bank interventions and without them doing these programs the whole system will collapse. The cat is out of the bag. The media can’t even deny it anymore. This is just the next step before the the house of cards collapses into a deep dark black hole. Capital control measures and nationalization of businesses will soon come to the US just like Europe. They government will be forced to control every aspect of our lives. They will say it’s because of terrorist or instability in the markets. Nobody will understand that they made the markets in this condition. Soon your pensions (public and private) will be forced into treasury bonds at 100%. This will give the FED a brake of buying the bonds. The balance sheet of the FED will explode next year. With China and Japan out of the US bond market, the FED is the only one left of buying this crap. The FED will need the market to tank to force people into the bond market and out of the stock market. The only thing left is your pensions. I read somewhere that the pensions in the US is around 16 trillion dollars. Kinda funny, that number is real close to the national debt. Is this a coincidence? I don’t think it is. The government needs your money and will take it. I’m sure the government will put a huge PR move into your money and pensions into bonds. They will make it patriotic and the right thing to do because you love America. This move will show the world that America still is the power of the world. Society will fall for it, hook line and sinker. Remember all the ribbons and bumper stickers on cars after 911? The fake ass propaganda machine was in full force to manipulate the minds of the public. 2013 is setting up to be a hellish year.
From Zerohedge:
Roubini On 2013′s “Global Perfect Storm” And Greedy Bankers “Hanging In The Streets”
In an extended interview with Bloomberg TV,
Nouriel Roubini lives up to his doom-saying reputation and goes where
few have as he opines on Lieborgate that: “bankers are greedy and have
been for 1000 years” and “nothing is going to change” unless there are criminal sanctions; to which he follows up – briefly silencing the interviewer, “If some people end up in jail, maybe that will teach a lesson to somebody – or somebody will hang in the streets“. The professor goes on to note that the EU “summit was a failure” since markets were expecting much more and warns that without full debt mutualization, debt monetization by the ECB, or a quadrupling of the EFSF/ESM ‘bazooka’;
Italian and Spanish spreads will continue to blow out day after day –
leading to a crisis “not in six months but in two weeks”. The only
entity capable of stopping this is the ECB which needs to do outright
unsterilized monetization in unlimited amounts which is ‘politically
incorrect’ to talk about and claimed to be constitutionally illegal. 2013 will be a very difficult year to find shelter as policy-makers ability to kick-the-can runs out of steam as he sees the possibility of a ‘Global Perfect Storm’ of a euro-zone collapse, a US double-dip, a China & EM hard-landing, and a war in the Middle East. Dr. Doom is back.
On Lieborgate:
On Greed:
On Sanctions:
On TBTF banks:
On The EU Summit:
On The ECB saving the world:
On Debt mutualization:
On kicking the can:
On 2013 being worse than 2008:
http://www.christianscience.org/burningGermanMarks.jpeg
Excellent post Thomas. Ya know what guys? I’ve been harvesting the garden today. Green beans, potatoes, tomatoes, squash, Brussels sprouts, Cayenne peppers & okra. sugar pie pumpkins are soon to come as is cabbage and collard greens. If the banks burn to the ground, so be it, it’s about time. I don’t want to see it happen but I believe it will. Got food, water and PM’s?
Great Post and True. Hell I have known about this for nearly a year along with a few here on Docs and have been watching the Derivatives Market because when they collapse then that is the sign when TSHTF. I don’t look at or worry about anything else not even the spot price as that will take care off it’s self.
The Elite my friends are some scary and dangerous people that want control. Period. Keep Stacking No Matter What The Price Until You Can’t Afford Anymore Because Gold and Silver Is The Elites Currency.
to my surprise. Co-worker mentioned that his wife has been expressing concern
about the banks….he has been poking fun at me about picking up PM’s for a
while now…..so the other day he says he went out and got 7 oz of
Gold…..
(Repeatable) Line of reasoning:
Supposition 1: The global ponzi-scheme “economy” is doomed – probably sooner rather than later
Supposition 2: The established interests in control can only “extend and pretend” to delay a collapse
Supposition 3: While we may be fooled into thinking the staus quo can maintain, not so the “elites”
Supposition 4: Knowing we’re all ultimately screwed, the elites are making preparations
Inference:
Better, if doom is certain, to be sure of the doom to all degrees
possible. The elites are preparing while extending and pretending – and
then when they’re ready, they’ll make the decision to “pull it” to
quote the archcriminal Larry Silverstein – allowing them to maximize the
efficiency of the recovery (Heil Harper).
Consideration: These
computer-based banking problems could be prepared charges exploding
throughout the structure so as to allow the most perfectly pre-planned
collapse.
I don’t know what you people are waiting for?
The coming ATM glitch here in the USA, accompanied by a 500 dollar daily withdrawal limit?
Oh, we’re doing an upgrade to the system, and we ran into a glitch that will, coincidently last until a new currency comes out.
Oh shucks, those who waited for a dip, became the dip themselves.
(That too harsh, poster from the top?)
Zerohedge article:
Japan Machinery Orders Implode As Global Economy Grinds To A Halt
Japan’s core machinery orders were expected to post a modest -2.6% drop.
Instead they had a worse collapse than anything seen in the aftermath
of the Fukushima disaster, plunging by a stunning 14.8% . And
the kick in the groin cherry on top was the current account surplus
plunged by 62.6%: consensus forecast: -14.5%. The Japanese economy has
once again ground to a halt, only this time it has no earthquake or
nuclear explosion to blame. This time it is the entire world’s fault,
where demand has collapsed proportionately. As a reminder the BOJ
expanded its QE yet again on April 27. Must be time for another QE because this time will certainly be different after more than 30 years of failures.
It is time for those brilliant central planners Ph.D’s to do engage in
more of the same insanity that Einstein warned about decades ago. And
incidentally this is not a joke: on Thursday the BOJ is expected to ease
yet again. As a reminder, the BOJ already buys ETFs, Corporate Bonds, and REITs. What’s left: gold?
http://www.fourwinds10.net/resources/uploads/pdf/the_brief.pdf
1943 Germany World War II Third Reich assets on Reichsbank books from this underground rail storage vault.
i was talking to some retired couples today and they ask me what i was going to do about my retirement. I said “I’ve been buying silver and that i don’t believe the banks would be standing much longer so pm is my choice” The look on their face and the comments they made was that their system would last forever. The best best comment that i got was “If you don’t pay into the social security system where are we going to get our money”
1947 U.S. Army seizing World War II Germany gold bullion reserves
U.S. Army loads gold ingot bars weighing 60-lb. ea. onto pallets from
the contents held hidden inside a water truck seized in Iraq. 25MAY03 U.S. Army seized 1,183 gold ingot bars weighing 60 pounds each
found inside the rear of a turquoise painted Iraq ‘dump truck’.
Not sure if this is true but I have seen these pictures on a bunch of websites.
Duck Vision Your report on the Japanese machinery order implosion is the proverbial 800 lb canary in the coal mine (the last one left since Obama killed the industry) There was another note on ZH about a story not being reported China may have a growth of 3%. That’s like a negative growth rate when it comes to China considering their inflation is closer to ours or higher, maybe 8-10% hence the large drop in rates to 6%. If China drops to3% the world will take a depressionary nose dive as the second largest GDP goes toes up. That would be a disaster to the other economies reliant on China as an economic engine Japan is the third largest and if their GDP goes into reverse in a serious manner their 260% debt to GDP will cause a complete economic collapse, total debt repudiation and a depression that would make Hiroshima look like a sunny day. Japan’s aging population and birth dearth are gutting the country’s economy. Japan is now running a net loss on balance of trade. The surplus they enjoyed for the last 30 plus years plus their citizens willingness to buy junk ZIRP debt was the only thing that kept that economy and debt afloat. These two countrys will really hammer the world GDP if they tank. IMO
PS Fukushima is just a terrible frosting on this 5 layer cake of economic wretchedness that plays extremely well into the elites plans to reduce the world population by 80% I don’t sleep well knowing reactor 4 is still very instable and filled with 500 tons of MOX
AGXIIK, Do you follow Kyle Bass? I believe he is the best hedge fund manager on the planet. Bass agrees with you about Japan. Bass is all in on the Japan to default trade.
Is Kyle Bass Wrong on the Japan Trade?
Kyle Bass may be one of the best-known
hedge-fund investors in the world. His bets against subprime made him
wealthy, and as close as you can come to being a celebrity while
managing a hedge fund.
These days, he is probably best known for his prediction that Japan is headed for a “bond crisis.”
The
principle rationale for his thesis is demographic. Japan has an aging
population with more people leaving the work force than entering. He
predicts that soon they will have more people dis-saving than saving and
begin accumulating a trade deficit with the rest of the world, breaking
“the funding mechanism” that has supported low interest rates in Japan
for decades.
“Their ability to fund themselves internally is coming to an end,” Bass wrote to investors in a letter last November.
If the government cannot keep borrowing from its people, won’t it have
to borrow from outsiders? When the country starts paying out more to the
rest of the world than it takes in, doesn’t it become dependent on the
credit of the rest of the world? And what if outsiders won’t tolerate
lending at near zero-rates against a public sector balance sheet with a
“debt burden” as high as Japan’s?
That’s certainly the way it would work for a
household. As revenues contract, the ability of a household to “fund”
itself contracts as well. An aging household—that is, one in which
grandpa and grandma retire—had better have some savings. If they are
dependent on credit, they will soon find themselves paying exorbitant
interest rates.
Sure, they could do a reverse mortgage, but eventually that too will run
dry. When they run out of equity to mortgage, bankruptcy will loom.
Great minds think alike!!!!!
From Zerohedge requested by AGXIIK,
story is written by Bruce Krasting
It Ain’t Priced In
I had an e-mail exchange with an old fried who now works for a large
macro hedge fund up in Greenwich. The broad topic was the very long list
of signs that the global economy is hitting the skids. He had this to
say:
I almost fell of the chair reading this. Say this group is right about China. What does it mean if its growth rate falls to 3%? A very hard landing for all manner of things, is the answer.
There have been many China bears the past year or so, but against
these bearish views there has been a widespread belief that China will
muddle through. My point is that China GDP = 3% is absolutely not priced into today’s market.
DV Thanks for post Krasting wrote and the article I referenced about China. Data sifting on many sites culls some interesting dots that seem to connect. Bass is not one of my regular reads but I may have seen something from him since he is quoted on other sites. Our GDP is pretty weak with inflation adjusted downticks at -6% or so. If our $15 trillion economy runs backwards , japan goes to negative and China is negative 6% after inflation adjustments, the average of these combined GDPs of about $21 trillion is one third of the world GDP and moving backwards fairly quickly. Weakness in these 3 ‘tractors’ of economic growth means the rest of the world is going to feel the rough patch. No wonder 80% of the world counties are all in negative growth territory.
@zinc
Don’t forget China’s housing bubble that there government is trying to control
I realized that this anonymous “international banker” is perhaps the same wallstreet insider that was telling Lindsey Williams that the first sign of collapse would come in the derivatives market. The wording is nearly exactly the same (as follows). Lindsey provided his name and phone number.