The Government and Big Banks are Quietly Preparing for an Imminent Financial Collapse
Something really strange appears to be happening — all over the globe, governments and big banks are acting as if they are anticipating an imminent financial collapse.
Unfortunately, we are not privy to the quiet conversations that are taking place in corporate boardrooms and in the halls of power in places such as Washington D.C. and London, so all we can do is try to make sense of all the clues that are all around us. Of course it is completely possible to misinterpret these clues, but sticking our heads in the sand is not going to do any good either.
Last week, it was revealed that the U.S. government has been secretly directing five of the biggest banks in America to develop plans for “Staving Off Collapse” for the last two years. By itself, that wouldn’t be that big of a deal but when you add that piece to the dozens of other clues of imminent financial collapse, a very troubling picture begins to emerge.
Over the past 12 months, hundreds of banking executives have been resigning, corporate insiders have been selling off enormous amounts of stock and a significant number of Wall Street bankers have been shopping for “prepper properties” in rural communities this summer.
Meanwhile, there have been reports that the U.S. government has been stockpiling food and ammunition and Barack Obama has been signing a whole bunch of executive orders that would potentially be implemented in the event of a major meltdown of society.
So what does all of this mean? It could mean something or it could mean nothing. What we do know is that a financial collapse is coming at some point. Over the past 40 years, the total amount of all debt in the United States has grown from about 2 trillion dollars to nearly 55 trillion dollars. That is a recipe for financial armageddon, and it is inevitable that this gigantic bubble of debt is going to burst at some point.
In normal times, the U.S. government does not tell major banks to “develop plans for staving off collapse” but according to a recent Reuters article, that is apparently exactly what has been happening.
U.S. regulators directed five of the country’s biggest banks, including Bank of America (Ticker Symbol: BAC) and Goldman Sachs (Ticker Symbol: GS) to develop plans for staving off collapse if they faced serious problems, emphasizing that the banks could not count on government help.
The two-year-old program, which has been largely secret until now, is in addition to the “living wills” the banks crafted to help regulators dismantle them if they actually do fail. It shows how hard regulators are working to ensure that banks have plans for worst-case scenarios and can act rationally in times of distress.
Does it seem odd to anyone else that only five really big banks got such a warning? And why keep it secret from the American public? Does the federal government actually expect such a collapse to happen?
If federal officials do expect a financial collapse to occur, they would not be the only ones. An increasing number of very respected economists are speaking about the coming financial collapse as if there is a certain inevitability about it.
Richard Duncan, formerly of the World Bank and chief economist at Blackhorse Asset Management says America’s $16 trillion federal debt has escalated into a “death spiral” and it could result in a depression so severe that he doesn’t think our civilization could survive it. A former World Bank executive is warning that our civilization might not survive what is coming?
Economist Nouriel Roubini says that he believes that the coming crisis will be even worse than 2008.
Nigel Farage spoke with King World News about what he described as the possibility of “a really dramatic banking collapse” — Farage also warned that central planners want to enslave and imprison people inside of a “New Order” and he described the situation as horrifying.
The situation in Europe continues to get worse and worse and the authorities in Europe have come out with “solution after solution” and yet unemployment continues to skyrocket and economic conditions in the EU have deteriorated very steadily over the past 12 months.
If all of that was not bad enough, there are an increasing number of indications that Germany is actually considering leaving the euro. Needless to say, that would be a complete and total disaster for the rest of the euro-zone.
Meanwhile, our resources are dwindling, war in the Middle East could erupt at any moment and our planet is becoming increasingly unstable. Anyone that is watching what is going on in the world and is not concerned at all about what is happening is simply being delusional.
Recently, a team of scientists, economists, and geopolitical analysts examined the current state of the global economic system and the conclusions they reached were absolutely staggering.
They found an identical pattern in our debt, total credit market and money supply that guarantees they’re going to fail. This pattern is nearly the same as in any pyramid scheme, one that escalates exponentially fast before it collapses. Governments around the globe are chiefly responsible.
And what’s really disturbing about these findings is that the pattern isn’t limited to our economy. They found the same catastrophic pattern in our energy, food and water systems as well. These systems could all implode at the same time — food, water, energy, money or everything — and it is going to be extremely painful.
Tags: Financial Armageddon, Financial Collapse, Goldman Sachs, Imminent Financial Collapse, Middle East, Money Supply, New Order, Prepper Properties, Staving Off Collapse, Stockpiling Ammunition, Stockpiling Food, Wall Street