BANKS AND THE WORLD ELITE PREPARE FOR AN ECONOMIC DISASTER WHILE TELLING YOU EVERYTHING IS FINE. IT ISN'T.

“All truth passes through three stages.
First, it is ridiculed.
Second, it is violently opposed.
Third, it is accepted as being self-evident.”
– Arthur Schopenhauer


If you want to know where the financial market is heading, stop listening to what the talking heads are regurgitating and pay close attention to what the banks and richest people on earth are doing. As the old adage goes: "actions speak louder than words," and what these individuals and institutions are doing say volumes about what is about to occur.

The largest banks in the US, Bank of America, JP Morgan/Chase, Goldman Sachs and the like, have been told by US regulators to prepare for a complete financial crash where the US government will be unable to help. They were told to have assets on hand that could be sold, to find alternate sources of revenue, and prepare for no help from the public sector. Bank of America and Citicorp has already responded by selling off assets they could afford to lose.

More telling, the large banks are acquiring huge sums of weapons and ammo (just like our government) and the services of mercenary companies like DynaCorp and Blackwater. Why do banks need a private army? To protect them for the mass theft they are about to legally accomplish.

In 2007, the Sentinel Management Group collapsed (SMG) and with it all of their customers money. Lawsuits followed and the 7th Circuit ruling said banks have an obligation to themselves before client's accounts so that in essence any money owed will be paid to the highest investors first and regular customers will get the shaft.

In federal court, John D. Tinder, US Circuit Court Judge ruled “that Sentinel failed to keep client funds properly segregated is not, on its own, sufficient to rule as a matter of law that Sentinel acted ‘with actual intent to hinder, delay, or defraud’ its customers.”

This means that once you put your money into an account, the funds are now property of the bank and the customer has NO legal recourse to retrieve it. Now, once a bank has your money, they own it, lock, stock and barrel and can use it however they see fit and even steal it if they so desire. Instead of using their assets to cover losses, they are using your accounts. And they hiring mercenaries to protect themselves when you come with pitchforks and torches to get it back.

And if the banks and the richest of the 1 percent are getting this info, how come the rest of us are being left in the dark? Probably because a culling is coming in which several billion people are going to die. There are too many people on the planet and not enough resources. There has long been rumors of a plan to kill a great many of us and that the Mayan prophecy of 2012 may not be that far fetched either through complicity or wish fulfillment. The NWO has supposedly wanted to bring the population down to 500,000,000 and have complete control over them. Whether this is groundless conspiracy theory or fact is up for debate as there is some proof of it albeit not enough to issue a full scale warning, unlike the facts about imminent economic collapse that I am writing about here.

Richard Duncan, formally of the World Bank, recently said that America's $16 trillion debt (actually much much higher) is putting the states into a "death spiral," and that due to lack of any political courage will result in a severe Depression the likes of which we have never seen and one he doubts society will survive. That's bleak. Economists like Paul Krugman, Nouriel Rubini and former Secretary of Labor Robert Reich have been screaming about similar things for years on deaf ears. So far, all we hear in solutions from Europe and the Republicans are deficit cutting measures and austerity for the poor and huge tax breaks for the rich, which will only make the situation worse.

This is from the Economic Collapse blog:

http://theeconomiccollapseblog.com/archives/are-the-government-and-the-big-banks-quietly-preparing-for-an-imminent-financial-collapse

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....

One member of this team, Chris Martenson, a pathologist and former VP of a Fortune 300 company, explains their findings:
"We 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. We found the same catastrophic pattern in our energy, food, and water systems as well."
According to Martenson: "These systems could all implode at the same time. Food, water, energy, money. Everything."
 

Well that sounds great, doesn't it. And guess what? People like Jacob Rothschild, George Soros and John Paulson apparently agree as they have sunk huge sums of money into put option and gold futures. Rothschild recently bet $200 million that the Euro would tank soon and that gold would skyrocket. Paulson has followed suit with huge bets on the same. Soros has reportedly sold off all his banking stock and bet huge on gold, which may be a good bet because the price has been kept artificially low and is set to skyrocket on bad economic news. Some see gold going to $10,000 an ounce, which would net these billionaires a fortune and the rest of us into poverty as the economic framework collapses.

Banks are also cashing in on this as according to the World Gold Council, the amount of gold purchased by banks during the 2nd quarter of 2012 increased by 62.9%. Prior to 2009, banks had been the biggest sellers of gold. Now they hoard it in quantities never seen before.

Stocks are being dropped by the biggest investors and the recent collapse of Facebook, Groupon and other Internet stock is a sure sign that many are selling it as soon as they buy it, driving the price way down and screwing the average investor. Many are taking their money out of the stock market in recent weeks to record level. On 7/11/12 there were 537 net inflows into equity funds. By 7/25 that number had grown to 2,999 and by 8/1, 6,866. That means more than ten billion dollars has been pulled from equity funds over the past few weeks.

All this happens as the government is ordering huge sums of ammo, which they say is needed for training purposes and, from what my sources have indicated, a complete lie. Nobody needs to train with expensive hollow point bullets when cheaper substitutes would be just fine. So either the government is pissing our money away on expensive ammo for no good reason or they are preparing for a massive shift in civil unrest. Either way, this sucks.

The two options being talked about in case of a scenario both lead to disaster. Either the government stops paying SS, Medicare, Medicade, all government salaries, including the military, and declares bankruptcy or they print trillions in unbanked funds and risk hyperinflation. Both spell the end for civilization as we know it. Step one is unlikely, step two is already being implemented with no success.

The worst part about all of this is that it could be easily fixed. Lifting the payroll cap on salaries would help fund SS through the end of the century. Fixing our broken legal and medical system would stop the crush of debt and malfeasance we are currently experiencing. Giving everyone in America a fucking raise while taking millions back from the greedy CEO's would stop the economic slide we are on. But no, neither side is talking about anything that would make sense, with the retarded Tea Party leading the charge for America's destruction. Their asinine platforms will only accelerate the end and the fact they are planning on voting for the Romney/Ryan ticket which will guarantee the destruction of the country and perhaps the world. But we gotta keep gay people from betting married and abortion needs to go back to dingy back alleys like the good ole days. Fuckers.

At least God may be showing his dissatisfaction by sending a hurricane right at them. Funny, we used to hear that hurricanes like Katrina and Andrew were God's way of telling us to stop supporting gay rights. What do you say now that a hurricane is bearing down on the convention?

Voting for anyone in the GOP is now digging their own grave. That doesn't mean I have a ringing endorsement for Obama but part of the problem has been the feet dragging GOP who are determined to not give Obama any help even if it means the whole country goes down in a burst of flames. While Romney has picked up some steam, inexplicably among seniors who stand to lose their SS and Medicare under such a ticket, while young people have been saying they plan on showing up in greater numbers than 2008, as recent polls suggest. Should this happen, Romney cannot win so here's hoping a lot of young voters show up because we are already headed for a cliff and there is no need to hit the accelerator along the way.