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Shocking Collapse Of World Economy Warned Is Underway

by TheTotalCollapse.com on February 1, 2012

 

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 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 theUnited 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.

February 1, 2012 © EU and US all rights reserved. Permission to use this report in its entirety is granted under the condition it is linked back to its original source at WhatDoesItMean.Com.

 

{ 6 comments… read them below or add one }

Richard Seeto February 2, 2012 at 1:25 am

Hey, Raymond Collier , I would like to see your comments aregarding your faith in that Land of the Free and Home of the Brave which is causing all this tension and world financial meltdown.

marcus February 2, 2012 at 5:28 am

AHHHHHHHH! I’ve been dirt poor for the last two years and I’m going to be getting quite a large sum of money in exactly two weeks, which I planned on using to get prepared. Hopefully it’s not too late, how soon are we talking here?

Barack February 3, 2012 at 9:31 am

I’m guessing you are a proud American citizen Mr.Seeto?

Raymond Collier February 10, 2012 at 9:03 am

@marcus, Good Luck on your Efforts! My Best to You & Your Family!

Richard Seeto February 10, 2012 at 3:20 pm

Barack. WTF is there to be proud about your handiwork?

Gabriel May 23, 2012 at 5:08 am

I urgently and strongly recommend to all Goyim (non Zionists) that you seek out and read the Protocols of the Elders of Zion. This book has been debunked as an apparent hoax since the beginning of the 20th century however when you read even a few paragraphs it’s like a bolt of lightining. You see everything in the bright light of day. It cannot be a hoax. Sometimes you simply know when something is true. Here is an extract from Protocol # 6: “We shall soon begin to establish huge monopolies, reservoirs of colossal riches, upon which even large fortunes of the goyim
will depend to such an extent that they will go to the bottom
together with the credit of the States on the day after the
political smash… ”

Please remember Zionism is not Judaism. This is CRITICAL. True jews are not zionists. The mere existence of the state of Israel is regarded as heresy by true Jews. And who is busy lining us for WWWIII and Iran? Israel pulls our strings not the other way around. Just have a look at the Government. 90% Zionist. We the Goyim have a war of total control heading our way and at the moment we are all batting for the wrong team!
Here is a little titbit of fact for you easily verifiable on any news web site. The entire SEAL team that supposedly assasinated the Zionist invention Osama Bin Laden died in a Chinnook in Afghanistan a few weeks later… Connecting the dots yet? Did a single TV station say something like “Hang on a minute, what’s going on? Not one. The Zionists think the Goyim are Morons. Unfortunately they are right.