Strange Things Are Happening...
Something really strange is happening. Worldwide, governments and large banks are acting as if they anticipate an imminent financial collapse.
It was revealed last week the U.S.government has secretly been training five banks in the last two years to delay the collapse. This wouldn’t be so important by itself, but when you add that fact to other tracks, a gloomy picture begins to emerge. In the last 12 months, for instance, hundreds of bankers have given up, corporate agents have been selling shares, and a significant number of bankers on Wall Street have bought "preppers properties" this summer.
Meanwhile, there have been reports that the U.S.government stores food and ammunitions, and Barack Obama himself has signed numerous executive orders to be implemented in a potential context of social crisis. What does all this mean? It could mean something or it could mean nothing at all. What we do really know is that a financial collapse can come at any time.
Over the past 40 years, the total amount of all debt in the United States has grown from about $ 2 billion to almost 55 billion. That is a recipe for a financial Armageddon, and it seems inevitable that the massive debt bubble may burst at any time.
In normal times, the U.S.government would not invite the big banks to "develop plans to postpone the collapse." However, according to a recent Reuters’ article, this is apparently what has been happening.
U.S.regulator agents instructed five of the largest local banks, including the Bank of America Corp and Goldman Sachs Group Inc., to develop plans to postpone a financial collapse, providing a scenario where banks cannot count on government assistance.
If federal officials expect the occurrence of a financial collapse, they are not the only ones because a growing number of highly respected economists are talking about an upcoming financial collapse as if it were inevitable.
Richard Duncan, a former World Bank official and chief economist at Blackhorse Asset Management told the BBC that the 16 trillion dollars of U.S. debt had increased by a "death spiral" and could result in a depression so severe he doesn’t think that --in his words-- “our civilization could survive it."
On the topic, economist Nouriel Roubini says he believes the coming crisis will be even worse than that of 2008... "It's worse, because in 2008 we had an economic and financial crisis, but now we're running out of policy bullets. In 2008, you could cut rates, fiscal stimulus lead, obtain guarantees from the banks and everyone else; today, they are problems of solvency, not of liquidity."
"Fiscal deficits are already so huge that you can not bail out the banks, because 1) there is political opposition to do it and 2) governments are close to bankruptcy --and they can’t even rescue themselves. Apparently, we're running out of political rabbits to pull out of the hat."
Across the Pond, many European officials echoed similar sentiments. What European parliament member Nigel Farage said to King World News, is very disturbing…
"Today the MEP Nigel Farage spoke with King World News on what he described as the possibility of "a really dramatic bank collapse." Farage also warned that central planners want to enslave and imprison people within a "New world order” and described the situation as "horrible."
The situation in Europeis going from bad to worse. European authorities have come up with "solution" after "solution", and yet, unemployment is soaring and economic conditions in the European Union have steadily deteriorated over the past 12 months.
If all that were not enough, there are an increasing number of indications that Germanyis actually considering leaving the Euro.
Needless to say, it would be a complete and total disaster for the rest of the Eurozone. Realistically speaking, the scenarios seem very adverse for the global economy.