Collapse Of Entire Fiat Global Banking System Is Underway

Dick, How about this.... HERE WE GO!!!!!! 

Subject: Collapse Of Entire Fiat Global Banking System Is Underway - China On A Global Bank Run
Date:  Saturday, 1-Oct-2011 22:02:39
 Source: Before It's News
 http://beforeitsnews.com/story/1161/350/Collapse_Of_Entire_Global_Banking_System_Is_Underway_Signals_CEO_Of_Worlds_Largest_Mutual_Fund.html 
***********
 Collapse Of Entire Global Banking System Is Underway Signals CEO Of Worlds Largest Mutual Fund

PIMCO CEO signals the collapse of entire global banking system underway as a panic driven institutional bank run drains French banks of nearly all their capital.

PIMCO’s CEO tells the Financial Times that the institutional bank run on French Banks has left them with as little as 1% capital against the total assets reported on their balance sheets and institutional panic in the global financial system is underway

If this is true, we are looking at the collapse of the very foundation of the entire European banking system which in turn means the collapse of an essential pillar of the entire global banking banking system.
 Seriously, the Europeans have been pulling their money out of banks for weeks and so have

many of the world’s most important corporations. Don’t be a fool and wait until the last minute to do the same.
I provided complete background context to this story when it became evident that the bank run

that started Greece had spread into French banks, then across Europe and even into China. 

Global Market Meltdown Worsens: Corporations And China Join In On Global Bank Run 

Global Financial Meltdown: Investors Dump Nearly Everything Amidst Worldwide Market Crash 

The Global Financial Meltdown has dramatically worsened as Corporations and China Jump

Aboard The “Institutional” Global Bank Run As Banks Fall Apart As Their Seams.

Earlier today the world saw a global financial meltdown as investors dumped everything from stocks to commodities and literally everything in between.

Major Stock Market Indexes, Commodities, Currencies And Everything In Between Is Being Dumped By Investors Across The Globe In The Midst Of A Global Financial Meltdown.

The financial markets across the globe are facing one of the most massive sell-offs in recent memory.

The Dow Jones Industrial average has sold off over 467 points today. When and when you add that on top of 284 point drop following yesterday’s crash FED’s statement, which announced operation ‘twist’ and warned of significant downside risk and strains in global financial markets, we have a 751 point drop in the DOW since 2:45 PM est yesterday, which is the largest 2 day slump since 2008.

There are an endless parade of economic statistics many of which are the worse since the Great Depression and World War 2 era. We have also seen 111 of the s&P 500 hit fresh 52 week lows, a drop in global currencies – beside the dollar, oil dropping into the high $70 per barrel range and gold plummeting over 5% to trade in the low $1,700 per ounce range.

Business Week points out the massive crash in U.S. stocks immediately below while CNBC points out further below that this in fact a global meltdown – investors are dumping everything.

*****

Read The Rest…

http://blog.alexanderhiggins.com/2011/09/22/global-market-meltdown-worsens-corporations-china-join-global-bank-run-69381/

While today’s sell off was monumental and in fact is on course for the 3rd worse week on Wall Street ever, the sell-off was on the heels of the FED’s economic outlook.

Today’s Global Financial Meltdown is about to become much worse as a slew of news reports out today reveal the run on the European banks has spread to include corporations and institutions pulling their money out of banks and China finally arriving at the party.

However, it appears as PIMCO’s CEO tells us, that instead of dealing with the crisis, officials chose to deny it by reiterating for days now that the French Banks did not need to be re-capitalized.

Well, it appears the statements from officials in France were outright lies.

The Daily Baily Reports on a new article from the Financial Times:

PIMCO’s El-Erian Drops The F-Bomb: “French Banks Are Down To 1% Capital, Institutional Panic Underway”

http://dailybail.com/home/pimcos-el-erian-drops-the-f-bomb-french-banks-are-down-to-1.html

El-Erian just screamed ‘shut their ass down‘ from New York to Paris.

French banks have 1% capital. No polemic is needed. This is a solvency and liquidty crisis.

Notice below the bold quote from the CEO of the world’s largest bond fund. Not to overstate the obvious, but 1% capital ratios imply leverage of 100:1.

Calling Helicopter Ben…Sarkozy would like you at the launch pad, immediately.

How soon does Bernanke’s central bank rain dance begin?

*****

FT via Marketwatch

Meanwhile, high-profile warnings over the state of Europe’s banks, particularly in France, came from a variety of sources.

Mohammed El-Erian, chief executive of bond fund giant Pimco, warned in an op-ed in the Financial Times published Thursday that French banks could tip Europe back into recession.

Private institutions around the world have sharply reduced short-term lending to French banks, while a plunge in bank shares since August has left bank equity trading at a 50% discount to tangible book value on average, he wrote.

At the same time, El-Erian noted that the ratio of market capital to total assets for the sector has fallen to 1% to 1.5% — far short of the range of 6% to 8% typically seen for healthier banks.

“These are all signs of an institutional run on French banks,” he wrote. “If it persists, the banks would have no choice but to de-lever their balance sheets in a very drastic and disorderly fashion.”

Read The Rest

To be clear, the run on the banks and the collapse it will cause is already underway and “If it persists” the French Banks will have “no choice but to de-lever their balance sheets in a very drastic and disorderly fashion” which means forget about the plans of propping up or bailing out Greece, Ireland, Portugal, Italy and Spain.

In fact, such an event in happening in “very drastic and disorderly fashion” would trigger a Lehman style collapse wiping out any hope of those nations being able to pay off their debt.

The resulting financial turmoil drag down Germany and the entire Euro-zone resulting in sovereign debt defaults in many of those nations as well.

From there the counter-party risk turns to contagion and drags down banks in Great Britain, China and even the U.S , resulting in the greatest economic crash in the history of man kind.

The question is will officials fess of to reality or continue to pretend the patient is not sick until he reaches the point where his vitality can no longer be preserved.

Source:

Collapse Of Entire Global Banking System Is Underway Signals CEO of World’s Largest Mutual Fund © Copying or redistribution of this material requires that this license must remain intact with attribution to the content source:

http://blog.alexanderhiggins.com/2011/09/29/collapse-entire-global-banking-system-underway-signal-ceo-worlds-largest-mutual-fund-72221/

**********

Source: Zero Hedge

http://www.zerohedge.com/news/step-aside-bbc-trader-head-unicredit-securities-predicts-imminent-end-eurozone-and-global-finan

Head Of UniCredit Securities Predicts Imminent End Of The Eurozone And A Global Financial Apocalypse

Either the YesMen have infiltrated Italy’s biggest, and most undercapitalied, bank, or the stress of constant, repeated lying and prevarication has finally gotten to the very people who know their livelihoods hang by a thread, and the second the great ponzi is unwound their jobs, careers, and entire way of life will be gone.

Such as the head of UniCredit global securities Attila Szalay-Berzeviczy, and former Chairman of the Hungarian stock exchange, who has written an unbelievable oped in the Hungarian portal Index.hu which, frankly, make Alessio “BBC Trader” Rastani’s provocative speech seem like a bedtime story. Only this time one can’t scapegoat Szalay-Berzeviczy “naivete” on inexperience or the desire to gain public prominence.

If someone knows the truth, it is the guy at the top of UniCredit, which we expect to promptly trade limit down once we hit print. Among the stunning allegations (stunning in that an actual banker dares to tell the truth) are the following: “the euro is “practically dead” and Europe faces a financial earthquake from a Greek default“… “The euro is beyond rescue”…

“The only remaining question is how many days the hopeless rearguard action of European governments and the European Central Bank can keep up Greece’s spirits.”….

”A Greek default will trigger an immediate “magnitude 10” earthquake across Europe.“…”Holders of Greek government bonds will have to write off their entire investment, the southern European nation will stop paying salaries and pensions and automated teller machines in the country will empty “within minutes.”

In other words: welcome to the Apocalypse…

But wait, there’s more. From Bloomberg:

The impact of a Greek default may “rapidly” spread across the continent, possibly prompting a run on the “weaker” banks of “weaker” countries, he said.

“The panic escalating this way may sweep across Europe in a self-fulfilling fashion, leading to the breakup of the euro area,” Szalay-Berzeviczy added.

Szalay-Berzeviczy has just arrived in Hungary from a trip abroad and can’t be reached until later today, a UniCredit official, who asked not to be identified because she isn’t authorized to speak to the press, said when Bloomberg called Szalay-Berzeviczy’s Budapest office to seek further comment.

And now, for our European readers (first) and everyone else (next), it is really time to panic.***

*****

(That is; everyone who promotes the fraud of fiat currency.)

Is The War On Terror A Hoax?

Is The War On Terror A Hoax? By Paul Craig Roberts September 30, 2011 "Information Clearing House" --  In the past decade, Washington has killed, maimed, dislocated, and made widows and orphans millions of Muslims in six countries, all in the name of the “war on terror.” Washington’s attacks on the countries constitute naked aggression and impact primarily civilian populations and infrastructure and, thereby, constitute war crimes under law. Nazis were executed precisely for what Washington is doing today. Moreover the wars and military attacks have cost American taxpayers in out-of-pocket and already-incurred future costs at least $4,000 billion dollars--one third of the accumulated public debt--resulting in a US deficit crisis that threatens the social safety net, the value of the US dollar and its reserve currency role, while enriching beyond all previous history the military/security complex and its apologists. Perhaps the highest cost of Washington’s “war on terror” has been paid by the US Constitution and civil liberties. Any US citizen that Washington accuses is deprived of all legal and constitutional rights. The Bush-Cheney-Obama regimes have overturned humanity’s greatest achievement--the accountability of government to law. If we look around for the terror that the police state and a decade of war has allegedly protected us from, the terror is hard to find. Except for 9/11 itself, assuming we accept the government’s improbable conspiracy theory explanation, there have been no terror attacks on the US. Indeed, as RT pointed out on August 23, 2011, an investigative program at the University of California discovered that the domestic “terror plots” hyped in the media were plotted by FBI agents. FBI undercover agents now number 15,000, ten times their number during the protests against the Vietnam war when protesters were suspected of communist sympathies. As there apparently are no real terror plots for this huge workforce to uncover, the FBI justifies its budget, terror alerts, and invasive searches of American citizens by thinking up “terror plots” and finding some deranged individuals to ensnare. For example, the Washington DC Metro bombing plot, the New York city subway plot, the plot to blow up the Sears Tower in Chicago were all FBI brainchilds organized and managed by FBI agents. RT reports that only three plots might have been independent of the FBI, but as none of the three worked they obviously were not the work of such a professional terror organization as Al Qaeda is purported to be. The Times Square car bomb didn’t blow up, and apparently could not have. The latest FBI sting ensnared a Boston man, Rezwan Ferdaus, who is accused of planning to attack the Pentagon and US Capitol with model airplanes packed with C-4 explosives. US Attorney Carmen Ortiz assured Americans that they were never in danger, because the FBI’s undercover agents were in control of the plot. Ferdaus’ FBI-organized plot to blow up the Pentagon and US Capitol with model airplanes has produced charges that he provided “material support to a terrorist organization” and plotted to destroy federal buildings--the most serious charge which carries 20 imprisoned years for each targeted building. What is the terrorist organization that Ferdaus is serving? Surely not al Qaeda, which allegedly outwitted all 16 US intelligence services, all intelligence services of America’s NATO and Israeli allies, NORAD, the National Security Council, Air Traffic Control, Dick Cheney, and US airport security four times in one hour on the same morning. Such a highly capable terror organization would not be involved in such nonsense as a plot to blow up the Pentagon with a model airplane. As an American who was in public service for a number of years and who has always stood up for the Constitution, a patriot’s duty, I must hope that the question has already popped into readers’ minds why we are expected to believe that a tiny model airplane is capable of blowing up the Pentagon when a 757 airliner loaded with jet fuel was incapable of doing the job, merely making a hole not big enough for an airliner. When I observe the gullibility of my fellow citizens at the absurd “terror plots” that the US government manufactures, it causes me to realize that fear is the most powerful weapon any government has for advancing an undeclared agenda. If Ferdaus is brought to trial, no doubt a jury will convict him of a plot to blow up the Pentagon and US Capitol with model airplanes. Most likely he will be tortured or coerced into a plea bargain. Apparently, Americans, or most of them, are so ruled by fear that they suffer no remorse from “their” government’s murder and dislocation of millions of innocent people. In the American mind, one billion “towel-heads” have been reduced to terrorists who deserve to be exterminated. The US is on its way to a holocaust that makes the terrors Jews faced from National Socialism into a mere precursor. Think about this: Are not you amazed that after a decade (2.5 times the length of WW II) of killing Muslims and destroying families and their prospects in six countries there are no real terrorist events in the US? Think for a minute how easy terrorism would be in the US if there were any terrorists. Would an Al Qaeda terrorist from the organization that allegedly pulled off 9/11--the most humiliating defeat ever suffered by a Western power, much less “the world’s only superpower”--still in the face of all the screening be trying to hijack an airliner or to blow one up? Surely not when there are so many totally soft targets. If America were really infected with a “terrorist threat,” a terrorist would merely get in the massive lines awaiting to clear airport “security” and set off his bomb. It would kill far more people than could be achieved by blowing up an airliner, and it would make it completely clear that “airport security” meant no one was safe. It would be child’s play for terrorists to blow up electric sub-stations as no one is there, nothing but a chain link fence. It would be easy for terrorists to blow up shopping centers. It would be easy for terrorists to dump boxes of roofing nails on congested streets and freeways during rush hours, tying up main transportation arteries for days. Before, dear reader, you accuse me of giving terrorists ideas, do you really think that these ideas would not already have occurred to terrorists capable of pulling off 9/11? But nothing happens. So the FBI arrests a guy for planning to blow up America with a model airplane. It is really depressing how many Americans will believe this. Consider also that American neoconservatives, who have orchestrated the “war on terror,” have no protection whatsoever and that the Secret Service protection of Bush and Cheney is minimal. If America really faced a terrorist threat, especially one so professional to have brought off 9/11, every neoconservative along with Bush and Cheney could be assassinated within one hour on one morning or one evening. The fact that neoconservatives such as Paul Wolfowitz, Donald Rumsfeld, Condi Rice, Richard Perle, Douglas Feith, John Bolton, William Kristol, Libby, Addington, et. al., live unprotected and free of fear is proof that America faces no terrorist threat. Think now about the airliner shoe-bomb plot, the shampoo-bottled water plot, and the underwear-bomb plot. Experts, other than the whores hired by the US government, say that these plots are nonsensical. The “shoe bomb” and “underwear bomb” were colored fireworks powders incapable of blowing up a tin can. The liquid bomb, allegedly mixed up in an airliner toilet room, has been dismissed by experts as fantasy. What is the purpose of these fake plots? And remember, all reports confirm that the “underwear bomber” was walked onto the airliner by an official, despite the fact that the “underwear bomber” had no passport. No investigation was ever conducted by the FBI, CIA, or anyone into why a passenger without a passport was allowed on an international flight. The purpose of these make-believe plots is to raise the fear level and to create the opportunity for former Homeland Security czar Michael Chertoff to make a fortune selling porno-scanners to the TSA. The result of these hyped “terrorist plots” is that every American citizen, even those with high government positions and security clearances, cannot board a commercial airline flight without taking off his shoes, his jacket, his belt, submitting to a porno-scanner, or being sexually groped. Nothing could make it plainer that “airport security” cannot tell a Muslim terrorist from a gung-ho American patriot, a US Senator, a US Marine general, or a CIA operative. If a passenger requires for health or other reasons quantities of liquids and cremes beyond the limits imposed on toothpaste, shampoo, food, or medications, the passenger must obtain prior approval from TSA, which seldom works. One of America’s finest moments is the case, documented on UTube, of a dying woman in a wheelchair, who requires special food, having her food thrown away by the gestapo TSA despite the written approval from the Transportation Safety Administration, her daughter arrested for protesting, and the dying woman in the wheelchair left alone in the airport. This is Amerika today. These assaults on innocent citizens are justified by the mindless right-wing as “protecting us against terrorism,” a “threat” that all evidence shows is nonexistent. No American is secure today. I am a former staff associate of the House Defense Appropriations subcommittee. I required high security clearances as I had access to information pertaining to all US weapons programs. As chief economist of the House Budget Committee I had information pertaining to the US military and security budgets. As Assistant Secretary of the US Treasury, I was provided every morning with the CIA’s briefing of the President as well as with endless security information. When I left the Treasury, President Reagan appointed me to a super-secret committee to investigate the CIA’s assessment of Soviet capability. Afterwords I was a consult to the Pentagon. I had every kind of security clearance. Despite my record of highest security clearances and US government confidence in me including confirmation by the US Senate in a presidential appointment, the airline police cannot tell me from a terrorist. If I were into model airplanes or attending anti-war demonstrations, little doubt I, too, would be arrested. After my public service in the last quarter of the 20th century, I experienced during the first decade of the 21st century all of America’s achievements, despite their blemishes, being erased. In their place was erected a monstrous desire for hegemony and highly concentrated wealth. Most of my friends and my fellow citizens in general are incapable of recognizing America’s transformation into a warmonger police state that has the worst income distribution of any developed country. It is extraordinary that so many Americans, citizens of the world’s only superpower, actually believe that they are threatened by Muslim peoples who have no unity, no navy, no air force, no nuclear weapons, no missiles capable of reaching across the oceans. Indeed, large percentages of these “threat populations,” especially among the young, are enamored of the sexual freedom that exists in America. Even the Iranian dupes of the CIA-orchestrated “Green Revolution” have forgotten Washington’s overthrow of their elected government in the 1950s. Despite America’s decade-long abusive military actions against Muslim peoples, many Muslims still look to America for their salvation. Their “leaders” are simply bought off with large sums of money. With the “terrorist threat” and Al Qaeda deflated with President Obama’s alleged assassination of its leader, Osama bin Laden, who was left unprotected and unarmed by his “world-wide terrorist organization,” Washington has come up with a new bogyman--the Haqqanis. According to John Glaser and anonymous CIA officials, US Joint Chiefs of Staff chairman Mike Mullen “exaggerated” the case against the Haqqani insurgent group when he claimed, setting up a US invasion of Pakistan, that the Hagganis were an operating arm of the Pakistan government’s secret service, the ISI. Adm. Mullen is now running from his “exaggeration,” an euphemism for a lie. His aid Captain John Kirby said that Mullen’s “accusations were designed to influence the Pakistanis to crack down on the Haqqani Network.” In other words, the Pakistanis should kill more of their own people to save the Americans the trouble. If you don’t know what the Haqqani Network is, don’t be surprised. You never heard of Al Qaeda prior to 9/11. The US government creates whatever new bogymen and incidents are necessary to further the neoconservative agenda of world hegemony and higher profits for the armaments industry. For ten years, the “superpower” American population has sat there, being terrified by the government’s lies. While Americans sit in fear of non-existent “terrorists” sucking their thumbs, millions of people in six countries have had their lives destroyed. As far as any evidence exists, the vast majority of Americans are unperturbed by the wanton murder of others in countries that they are incapable of locating on maps. Truly, Amerika is a light unto the world, an example for all. Dr. Paul Craig Roberts was appointed by President Reagan Assistant Secretary of the U.S. Treasury and confirmed by the US Senate. He was Associate Editor and columnist with the Wall Street Journal, and he served on the personal staffs of Representative Jack Kemp and Senator Orrin Hatch. He was staff associate of the House Defense Appropriations Subcommittee, staff associate of the Joint Economic Committee of Congress, and Chief Economist, Republican Staff, House Budget Committee. He wrote the Kemp-Roth tax rate reduction bill, and was a leader in the supply-side revolution. He was professor of economics in six universities, and is the author of numerous books and scholarly contributions. He has testified before committees of Congress on 30 occasions. <> Sign up for our FREE Email Newsletter [          ] [GO] For Email Marketing you can trust   Support Information Clearing House Monthly Subscription To Information Clearing House [Option 1 : $5.00USD - monthly \/]   Search Information Clearing House [          ] [Search]

WORLDWIDE PROSPERITY SUMMARY ---- VERY NICE!!!!!

WORLDWIDE PROSPERITY

Our understanding based on facts we've gathered from very reliable sources suggest that the old paradigm will end, and a new way of thinking is about to begin. The old world, as we know it, will vanish like a long nightmare should and a new world of abundance and long lasting peace is coming.

Funding for the National Economic Security And Reformation Act (NESARA) would come from several sources, some of those already identified are:

Saint Germain World Trust $1 QuatroDecillion or $1 with forty (40) zeros behind it.

Philippine Gold 1,500 to 500,000 metric tons (Feb 28 update, May 10 update)

World Global Settlements Fund $ 47+ Trillion Jan. 18, 2011
CMKX Diamonds – $3.7 Trillion
Ed Falcone Fund update Jan 11, 2011
Wanta Fund update Dec. 12, 2010
Tropos Fund – update Dec. 9, 2010

Each of these funds has its own glorious story. But be careful in your research, evil can create their websites, too, for purposes of disinformation. Look, at the top of the page, how they changed the definition of the acronym, i.e. from economic security to economicstability. Why do we believe in NESARA? Because it's already a law of the land.

Where would these mind-bloggling financial assistance go?

Every country will forgive each others debt. Some funds will be used to buyout all oil and pharmaceutical companies. New energy and medical technologies will be made accessible. Income taxes are no longer deducted from your paycheck and licenses no longer required.

Every living soul on this planet will benefit from it. But they will start with Americans by distributing each a $100,000.00 per month for 11 months as they consider the country a global melting pot.

This is 20+ years in the making. The White Hats and Asian Secret Societies are making it possible. Casualties on the good side are minimal, while the evil suffered a lot. Most of them are now neutralized or are on the run.

Majority may not be able to fully adjust to everything that is to come. The massive change that is to occur would be painful to those who have been for years unmindful about global concerns. That's the reason why those who are implementing these radical changes are doing them gradually, and the internet infrastructure is facilitating that.

Source: Spiritual Truth Blog (http://s.tt/13oRf)
http://www..reenagagneja.com/nesara

Poofness ---- 10-2-11 GOOD TIMES

-----Original Message-----
From: 2goforth@Safe-mail.net [mailto:2goforth@Safe-mail.net]
Sent: Sunday, October 02, 2011 12:22 PM
To: 2goforth@Safe-mail.net
Subject: Good Times


http://www.youtube.com/watch?v=LcxYwwIL5zQ

Zip-a-dee-doo-dah, zip-a-dee-ay
My, oh my what a wonderful day!
Plenty of sunshine heading my way
Zip-a-dee-doo-dah, zip-a-dee-ay

Mister Bluebird on my shoulder
It's the truth, it's actch'll
Ev'rything is satisfactch'll
Zip-a-dee-doo-dah, zip-a-dee-ay
Wonderful feeling, wonderful day!

Greetings and Salutations;

 There's plenty of news to give people pause on the future. It's enough to give everyone a reason to go running into the sunset with their hair on fire, if they choose to believe nothing is being done about it. Bad news always has a greater impact on people and gets the lion share of the reporting. This is the paradigm we are departing from. People naturally feel 'something' huge is taking place and it's creating a lot of vexing in the guts. One thing they could never manage was people's personally moving past the media circus and getting things on an inner level....defying the out picturing of things. Someone has come out of the mists, with the authority to end this saga and bring forth all the world awaits. To open that omega doorway into the alpha of the future.

http://beforeitsnews.com/story/1161/350/Collapse_Of_Entire_Global_Banking_System_Is_Underway_Signals_CEO_Of_Worlds_Largest_Mutual_Fund.html

 Look at this, more things afoot right next door;

http://www.bankofcanada.ca/banknotes/

 If you just listen to all the boo birds, you might buy this; It's simply the end of the corporation's dream for america;

http://endoftheamericandream.com/

This has been going on for weeks, yet it's only now going public. Shades of the 60's but it's for a different reason;

http://gawker.com/5845321/jon-stewart-ta

 Merkel just won't quit. There will be no 4th reich, nor a dissolution of the euro

http://www.presseurop.eu/en/content/article/428931-deutschmark-redux

 She's already been confronted by someone from the family who promised to put her business on the street. I guess she wants to test the veracity of the folks in the rafters. Oh well, they'll be plenty of surprises to go around in the coming days and weeks. and as the man said in europe, we shall all be talking about this 100 years from now....the day the world changed. Don't get into arguments with people about your view point, it's a waste of time, everyone has Need to be right...when what they Need to do is shut up and watch the ineffable transpire. You can't save anyone don't try. The world is moving on and in action right now. Wax your surf board, these are big waves, ride them all the way to the beach. Hang 10 dudes and dudets, it's an adventure of a lifetime. Good luck and have a good one.

Love and Kisses,

Poofness