The Beginning Of The End
The Beginning Of The End By Michael T. Snyder - Kindle Version

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Does The Trail Of Dead Bankers Lead Somewhere?

Trail - Photo by Ws47What are we to make of this sudden rash of banker suicides?  Does this trail of dead bankers lead somewhere?  Or could it be just a coincidence that so many bankers have died in such close proximity?  I will be perfectly honest and admit that I do not know what is going on.  But there are some common themes that seem to link at least some of these deaths together.  First of all, most of these men were in good health and in their prime working years.  Secondly, most of these "suicides" seem to have come out of nowhere and were a total surprise to their families.  Thirdly, three of the dead bankers worked for JP Morgan.  Fourthly, several of these individuals were either involved in foreign exchange trading or the trading of derivatives in some way.  So when "a foreign exchange trader" jumped to his death from the top of JP Morgan's Hong Kong headquarters this morning, that definitely raised my eyebrows.  These dead bankers are starting to pile up, and something definitely stinks about this whole thing. (Read More....)

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Why Are Banking Executives In London Killing Themselves?

JPMorgan Tower In London - Photo by Danesman1Bankers committing suicide by jumping from the rooftops of their own banks is something that we think of when we think of the Great Depression.  Well, it just happened in London, England.  A vice president at JPMorgan's European headquarters in London plunged to his death after jumping from the top of the 33rd floor.  He fell more than 500 feet, and it is being reported by an eyewitness that "there was quite a lot of blood".  This comes on the heels of news that a former Deutsche Bank executive was found hanged in his home in London on Sunday.  So why is this happening?  Yes, the markets have gone down a little bit recently but they certainly have not crashed yet.  Could there be more to these deaths than meets the eye?  You never know.  And as I will discuss below, there have been a lot of other really strange things happening around the world lately as well. (Read More....)

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Words Of Warning: Get Your Money Out Of European Banks

Words Of Warning: Get Your Money Out Of European Banks - Photo by Julien JorgeIf you still have money in European banks, you need to get it out.  This is particularly true if you have money in southern European banks.  As I write this, the final details of the Cyprus bailout are being worked out, but one thing has become abundantly clear: at least some depositors are going to lose a substantial amount of money.  Personally, I never dreamed that they would go after private bank accounts in Europe, but now that this precedent has been set it should be apparent to everyone that no bank account will ever be considered 100% safe ever again.  Without trust, a banking system simply cannot function, and right now there are prominent voices on both sides of the Atlantic that are loudly warning that trust in the European banking system has been shattered and that people need to get their money out of those banks as rapidly as they can.  Even if you don't end up losing a significant chunk of your money, you could still end up dealing with very serious capital controls that greatly restrict what you are able to do with your money.  Just look at what is already happening in Cyprus.  Cash withdrawals through ATMs have now been limited to 100 euros per day, and when the banks finally do reopen there will be strict limits on financial transactions in order to prevent a full-blown bank run.  And of course anyone with half a brain will be trying to get as much of their money as they can out of those banks once they do reopen.  So the truth is that the problems for Cyprus banks are just beginning.  The size of the "bailout" that will be needed to keep those banks afloat will just keep getting larger and larger the more money that is withdrawn.  Cyprus is heading for a complete and total banking meltdown, and because the economy of the island is so dependent on banking that means that the economy of the entire nation is going to collapse.  Sadly, similar scenarios will soon start playing out all over Europe. (Read More....)

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Watch The Financial Markets In Europe

Watch The Financial Markets In EuropeIs the financial system of Europe on the verge of a meltdown?  I have always maintained that the next wave of the economic crisis would begin in Europe, and right now the situation in Europe is unraveling at a frightening pace.  On Monday, European stocks had their worst day in over six months, and over the past four days we have seen the EUR/USD decline by the most that it has in nearly seven months.  Meanwhile, scandals are erupting all over the continent.  A political scandal in Spain, a derivatives scandal in Italy and banking scandals all over the eurozone are seriously shaking confidence in the system.  If things move much farther in a negative direction, we could be facing a full-blown financial crisis in Europe very rapidly.  So watch the financial markets in Europe very carefully.  Yes, most Americans tend to ignore Europe because they are convinced that the U.S. is "the center of the universe", but the truth is that Europe actually has a bigger population than we do, they have a bigger economy then we do, and they have a much larger banking system than we do.  The global financial system is more integrated today than it ever has been before, and if there is a major stock market crash in Europe it is going to deeply affect the United States and the rest of the globe as well.  So pay close attention to what is going on in Europe, because events over there could spark a chain reaction that would have very serious implications for every man, woman and child on the planet. (Read More....)

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A Massive Electromagnetic Pulse Could Collapse The Economy In A Single Moment

A Massive Electromagnetic Pulse Could Collapse The Economy In A Single MomentWhat would you do if all the lights went out and they never came back on?  That is a question that the new NBC series "Revolution" asks, but most people have no idea that a similar thing could happen in real life at any moment.  A single gigantic electromagnetic pulse over the central United States could potentially fry most of the electronics from coast to coast if it was powerful enough.  This could occur in a couple of different ways.  If a powerful nuclear weapon was exploded at a high enough altitude, it could produce an electromagnetic pulse powerful enough to knock out electronics all over the country.  Alternatively, a massive solar storm could potentially cause a similar phenomenon to happen just about anywhere on the planet without much warning.  Of course not all EMP events are created equal.  An electromagnetic pulse can range from a minor inconvenience to a civilization-killing event.  It just depends on how powerful it is.  But in the worst case scenario, we could be facing a situation where our electrical grids have been fried, there is no heat for our homes, our computers don't work, the Internet does not work, our cell phones do not work, there are no more banking records, nobody can use credit cards anymore, hospitals are unable to function, nobody can pump gas, and supermarkets cannot operate because there is no power and no refrigeration.  Basically, we would witness the complete and total collapse of the economy.  According to a government commission that looked into these things, approximately two-thirds of the U.S. population would die from starvation, disease and societal chaos within one year of a massive EMP attack.  It would be a disaster unlike anything we have ever seen before in U.S. history. (Read More....)

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Wake Up! 11 Facts That Show That Europe Is Heading Into An Economic Depression

Europe is not just heading into another recession.  The truth is that Europe is heading into a full-blown depression.  The economy of the EU is actually larger than the U.S. economy, and we are watching it melt down right in front of our eyes.  Things just continue to get worse in Europe, and yet somehow the authorities over in Europe just keep insisting that everything is going to be "just fine".  Well, everything is not "just fine" over in Europe right now.  Unemployment in the eurozone has just hit another brand new record high.  In some nations in Europe, the unemployment rate is already significantly higher than anything the United States experienced during the Great Depression of the 1930s.  Europe is a continent that is collapsing under the weight of its own debt, and this is just the beginning.  A lot more pain is on the way.  Officials over in Europe are trying to hold the European financial system together with duct tape and prayers, but it could literally fall apart at any moment.  Europe has a much larger banking system than the United States does, so when a financial collapse happens in Europe, it is going to be very significant for the entire globe.  Sadly, most Americans do not even pay attention to much of anything that is happening in Europe.  They tend to think that the United States is the center of the universe and that as long as we are fine that everything will be okay.  Well, all of those people who are not paying attention need to wake up.  First of all, the U.S. economy is most definitely in decline.  Secondly, the European economy is imploding right in front of our eyes and Europe is going to end up dragging the entire globe down with it. (Read More....)

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Startling Evidence That Central Banks And Wall Street Insiders Are Rapidly Preparing For Something BIG

If you want to figure out what is going to happen next in the financial markets, carefully watch what the insiders are doing.  Those that are "connected" have access to far better sources of information than the rest of us have, and if they hear that something big is coming up they will often make very significant moves with their money in anticipation of what is about to happen.  Right now, Wall Street insiders and central banks all around the globe are making some very unusual moves.  In fact, they appear to be rapidly preparing for something really big.  So exactly what are they up to?  In a previous article entitled "Are The Government And The Big Banks Quietly Preparing For An Imminent Financial Collapse?", I speculated that they may be preparing for a financial meltdown of some sort.  As I noted in that article, more than 600 banking executives have resigned from their positions over the past 12 months, and I have been personally told that a substantial number of Wall Street bankers have been shopping for "prepper properties" this summer.  But now even more evidence has emerged that quiet preparations are being made for an imminent financial collapse.  That doesn't guarantee that something will happen or won't happen.  Like any good detective, we are gathering clues and trying to figure out what the evidence is telling us. (Read More....)

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