Shocking Collapse Of World Economy Warned Is Underway

truther 8

A grim report just issued by the Finance Ministry that is circulating in the Kremlin today says the United States Clearing House Interbank Payments System (CHIPS) has ground to a virtual halt signaling that a major global economic collapse is currently underway and could very well likely enter into the dreaded “freefall zone.”

Virtually unknown to all but the global financial elite, CHIPS is the main privately held clearing house for large-value transactions in the United States, settling well over $1 trillion a day in around 250,000 interbank payments that together with the Fedwire Funds Service, which is operated by the Federal Reserve Banks, forms the primary US network for large-value domestic and international US dollar payments where it has a market share of around 96%.

The cause underlying the collapse of CHIPS, this report says, is due to the “unprecedented” demand for immediate liquidity relief being sought by the largest banks in the US and EU that are being crushed under of the combined debt of both the United States and Europe said to total near $39 trillion.

Important to note is that what is currently happening is a virtual repeat of the 2008 Financial Crisis that the United States Senate’s Levin–Coburn Report found “was not a natural disaster, but the result of high risk, complex financial products; undisclosed conflicts of interest; and the failure of regulators, the credit rating agencies, and the market itself to rein in the excesses of Wall Street.”

Grimly echoing this Ministry report is the latest data [see chart 2nd photo left, or click on link] from The Baltic Dry Index (BDI) that is a number issued daily by the London-based Baltic Exchange and shows it in freefall dropping 65% in the past 30 days alone, a terrifying amount of loss not seen since the dark days of late 2008.

Not restricted to Baltic Sea countries, the BDI tracks worldwide international shipping prices of various dry bulk cargoes that has collapsed so severely global shipping has all but ceased thus leaving our world’s largest transport ships anchored and empty off the coast of Singapore [photo 3rd left] in what is described as “the biggest and most secretive gathering of ships in maritime history whose numbers are equivalent to the entire British and American navies combined.”

During the 2008 Financial Crisis an outright global economic catastrophe was only averted after the US Federal Reserve secretly gave out to US banks and corporations, and foreign banks everywhere from France to Scotland, over $16 trillion that was only discovered due to an amendment to the Dodd–Frank Wall Street Reform and Consumer Protection Act passed by the American Congress that called for their being audited for the first time in their 99-year history.

 

Note: To place that $16 trillion into perspective, remember that the Gross Domestic Product (GDP) of the United States is only $14.12 trillion, and the entire national debt of the United States government spanning its 200+ year history is “only” $14.5 trillion.

Curiously, the aforementioned amendment to the Dodd-Frank law only called only for a one-time audit of any emergency lending facility established by the Federal Reserve since 1 December 2007 and ending with the date of enactment of the law when it was signed by President Obama on 21 July 2010 thus keeping hidden from the American people who is getting their money.

To if anyone in the world, even the powerful US Federal Reserve, has the power to avert this coming catastrophe, this Ministry report warns, it is unlikely due to the cascading collapse of the global derivative market due to the mounting gridlock in liquidity that US billionaire and Obama confidant Warren Buffet warned back in 2003 were “financial weapons of mass destruction.”

Though the word “derivatives” sounds complicated and technical, understanding them is really not that hard.  A derivative is essentially a fancy way of saying that a bet has been made.  Originally, these bets were designed to hedge risk, but today the derivatives market has mushroomed into a mountain of speculation unlike anything the world has ever seen before.  Estimates of the notional value of the worldwide derivatives market go from $600 trillion all the way up to $1.4 quadrillion.

$1.4 Quadrillion is roughly: -40 TIMES THE WORLD’S STOCK MARKET. -10 TIMES the value of EVERY STOCK & EVERY BOND ON THE PLANET. -23 TIMES WORLD GDP.

Failing to be noticed by the Western peoples about this global economic collapse is that it has been, in all probability, a “planned event” due to occur so as to initiate a New World Order that has long been sought after by the elites, but was condemned by the ancients who warned that the uniting of our world as an economic dictatorship would lead to every human being having to obtain the Mark of The Beast thus bringing this present age to its end.

In a Western world devoid of morality, and lacking the knowledge of the ancients, it is beyond doubt that this coming economic collapse will take them by complete surprise (as the last one did) as they have been trained like dutiful slaves to only adhere to those voices leading them to their doom.

But for those who know the truth, the time is nearing an end for preparing…it will come much sooner than anyone will believe.

Source


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8 Comments »

  1. freedom seeker February 2, 2012 at 1:31 am - Reply

    Well, I can see it is possible. My dad William (Billy) Davies is a dog and swine. I could never tell him much of value. He is a fornicator. Along with my mother Debra Neeley (maiden name Cox.) I was their ‘bastard’. So I kind of hope that this thing happens (only if it impacts people like my parents.) I refuse to be their ‘scapegoat’.
    So I curse my parents with this. May my father’s dream escape him from this day forth. May he learn to hate life more than me event to suicide. May he be accursed into the lower hells.
    This economic problem will destroy everyone. (If what they say is true.) Things have a way of not happening like they say.
    “When they tell you the world is coming to an end, they want to sell you cereal. When they say not to panic, it’s serious.” (Storm of the Century, by Stephen King.)
    “When they say not to panic, that’s when you run.” (The movie 2012).

  2. James M Nunes February 2, 2012 at 12:40 am - Reply

    Inflation is eventually going to destroy the economy. There is hyper-inflation in comodity prices. Beef prices are going up again because the drought in the mid west and the corn being used for ethenol. Food and energy is on the rise. I call it the Hamster Wheel Economy. The inflation is going to keep going until the last man standing. Like the expanding universe theory. Than it will implode into a financial black hole where all the wealth is concentrated into the hands of a few. Now you have a bigger problem. Where are you going to put all the unemployed workers? With limited resourses and a world population of over 7 billion with people being born every second. The diabolical plan of the elite is to get rid of 90% of the world population by having justifiable gencide war. This next war will be a high tech war. You don’t need as many gound forces anymore. Unfortunently they will be more civilian casualties that are in harms way. It is called collateral damage. The elite’s main objective is population reduction and to have control over the resourses. People are so dumbed down from the controlled education system that they are like a horse with blinders with a coachman behind the reins.

  3. karen February 1, 2012 at 10:43 pm - Reply

    You there Adam are blind, not only do the Socha know the world events but MANY sites are saying the same thing. And shame on this site for not listing the owners of this artical, the only reason the owners are not listed is because they are against religion and so am I, I have been with them the Socha for six years and they have always been correct.

  4. Adam February 1, 2012 at 10:17 pm - Reply

    Don’t worry Tim. This article was written by Socha Faal. A pseudonym for some dude, can’t remember his name, that is also rumored to be an operation of the US Naval Intel. Disinformation. Not that everything to “her” writing credit is false, there have been a few things “it’s” been right on, but then again “even a blind squirrel gets a nut every now and again.”. Don’t worry, it’s coming. No doubt in my mind. But it isn’t coming today. Probably not gonna happen tomorrow. My guess is somewhere around mid summer to early fall is when it’s gonna hit. Unless they have found a way to speed things up or make their play early. And for future reference, I love Pakalert, but you need to click the “source” link at the bottom of the article now to see who it was written by. If it’s an article from “Sorcha Faal” take it with a half a grain of salt. Not worth troubling yourself over. Just be ready for when it DOES hit.

  5. hijakR February 1, 2012 at 9:07 pm - Reply

    “when it happens, it’s going to happen fast, be ready”…Chronicles of Riddick.:)

  6. Zenith Sovereign February 1, 2012 at 8:50 pm - Reply

    FINANCIAL TYRANNY: Defeating the Greatest Cover-Up of All Time Article Index
    FINANCIAL TYRANNY: Defeating the Greatest Cover-Up of All Time
    Section Two: The History
    Section Three: The Real World
    Section Four: The Occult Economy
    Section Five: Bretton Woods and the BIS
    Section Six: The Ultimate Ponzi Scheme
    Section Seven: Comments
    All Pages “Link to Page 1 of 7 @ http://www.divinecosmos.com/start-here/davids-blog/1023-financial-tyranny

  7. Tim February 1, 2012 at 8:40 pm - Reply

    “An so it begins.” The End!

    God Bless you all, and good day.

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