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Are The Government And The Big Banks 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 I have been personally told that 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 Corp and Goldman Sachs Group Inc, 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.

For example, check out the following quote from a recent Money Morning article….

Richard Duncan, formerly of the World Bank and chief economist at Blackhorse Asset Mgmt., says America’s $16 trillion federal debt has escalated into a “death spiral,” as he told CNBC.

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?

That is pretty chilling.

Economist Nouriel Roubini says that he believes that the coming crisis will be even worse than 2008….

“Worse because like 2008 you will have an economic and financial crisis but unlike 2008, you are running out of policy bullets. In 2008, you could cut rates; do QE1, QE2; you could do fiscal stimulus; you could backstop/ringfence/guarantee banks and everybody else. Today, more QEs are becoming less and less effective because the problems are of solvency not liquidity. Fiscal deficits are already so large and you cannot bail out the banks because 1) there is a political opposition to it; and 2) governments are near-insolvent – they cannot bailout themselves let alone their banks. The problem is that we are running out of policy rabbits to pull out of the hat!”

Across the pond, many European officials are echoing similar sentiments.

What Nigel Farage told King World News the other day is very ominous….

Today MEP (Member European Parliament) 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.  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 eurozone.

Of course there are any number of ways that the financial crisis in Europe could potentially play out.

But all of the realistic scenarios would be very bad for the global economy.

Meanwhile, our resources are dwindling, war in the Middle East could erupt at any moment and our planet is becoming increasingly unstable.  The following is from a recent article by Paul B. Farrell on….

Fasten your seat belts, soon we’ll all be shocked out of denial. Some unpredictable black swan. A global wake-up call will trigger the Pentagon’s prediction in Fortune a decade ago at the launch of the Iraq War: “By 2020 … an ancient pattern of desperate, all-out wars over food, water, and energy supplies is emerging … warfare defining human life.”

It is almost as if a “perfect storm” is brewing.

Of course the historic drought that is ravaging food production in the United States this summer is not helping matters either.  Another summer or two like this one and we could be looking at a return of Dust Bowl conditions.

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….

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.”

Hmmmm – it sounds like they have been reading The Economic Collapse Blog.

The truth is that a massive worldwide financial collapse is coming.

It is inevitable, and it is going to be extremely painful.

So what do you think about all of this?  Please feel free to post a comment with your thoughts below….

  • Bongleblue

    Our government is 16 trillion dollars in debt and still borrowing 40 cents for every dollar they spend. This can’t go on forever. Our government is try to dominate the world and I guess Obama will be the new leader of the new world order….here comes the mark of the beast…666

  • catfish prepper

    I have been preparing for an economic collapse now for a while… we are literally so far gone there is no savin us, the collapse is inevitable, it will happen. Nobody can say exactly when, but it will. Were does everyone think they will get 55 trillion dollars? Borrow it? Print it? Just think about, if you haven’t started preppin your already to late id start now! And everyone remember the future belongs to the ones who prepare for it today! Thanx for listenin.

  • Penelope

    Like a home/family planner, contingency plans are important for the what ifs of life. So long as they’re not doomsday calls for judgment and punishment upon unsuspecting public. Prepare for the worst, and hope for the best. If the economy is crashing, I think it would have by now. People like to cry wolf and fire in a crowded theatre to get everyone running madly to the exits. I see this now as a same scenario. I see a future where priorities will be rearranging, but the status quo is not going to disappear before our eyes. As long as the elite continue to mismanage the banks and government spending, they’ll muddle along, while the middle class continues to disappear, and we fall into the ever widening chasm of rich and poor. It’s always been that way though. I don’t see the economy as crashing, I really think that’s doomsday scenarios the public like to splash around to keep everybody on the edges of our seats while our rights and freedoms are gradually eroding and being replaced eventually by a centralized government. I do think the economy as society is highly unstable and volatile, which could catapult us into future world wars. That should be our foremost concern is staving off a mass holocaust the likes of which would make the Holocaust of WWII pale in comparison. Being a resource rich planet, our ability to govern ourselves is limited only by the lack of our own imagination and thought processes needed to survive. The new frontier is intellectual.

  • Got

    We need to stop giving moneys to immagrients who come in and can’t get a job get rid of welfare and start decreasing the debt. We need more liberals

  • Energy concepts

    A new form of trade is needed we need a system to care for the elderly and poor and end usery cancel all debts jubilee year check it out jubilee year

  • stephanie dickson

    store fresh spring water get organized with whats important. try to grow a moringa oleifera tree the leaves contain 92 nutrients, 46 antioxidants, 36 inflammitories, 18 amino acids, 9 which are essential
    amino acids, almost has every vitamin found in fruits and vegetables…….. Because when you come right down to it nothing else seems to matter when you dont have your HEALTH…. bugger the wealth..!!!!!

  • G

    Truth is we could go 100,000,000,000,000 trillion into debt and as long as income matches cost who cares? The money isn’t real anyway…it only represents goods and services. When bread was 5 cents minimum wage was 25 cents. Now bread is 2.00 and minimum wage is 10.00. Not rally a big difference. Yes, gas is driving up costs worldwide but it’s just being manipulated. Who cares about our debt if we are never going to repay it? It’s just numbers that have no meaning…just an illusion. It’s panic that tears societies apart, not money.

  • Guest

    What you are witnessing is a ”
    Pump and Dump “. All of a sudden we can view senior Government
    officials finances?? 84$ Billion a month being injected?? Hmmm

  • mike walsh

    What you are witnessing is a “Pump and Dump “. All of a sudden we can’t view senior Government officials finances?? 84$ Billion a month being injected?? Hmmm

  • Nathaniel

    Let me direct all you fair people to Revelation 6:5-6= The 3rd Horseman of the Apocalypse. (In case it hasn’t been mentioned…not reading 400 comments to see)

    5 When the Lamb broke the third seal, I heard the third living being say, “Come!” I looked up and saw a black horse, and its rider was holding a pair of scales in his hand. 6 And I heard a voice from among the four living beings say, “A loaf of wheat bread or three loaves of barley will cost a day’s pay.[b] And don’t waste[c] the olive oil and wine.”

    Economic ruin anyone?

  • 123MariaOconnor123

    Globalization is not working. ,

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