Home » Breaking News, Economy, Financial Crisis, North America, World » Shocking Collapse Of World Economy Warned Is Underway

Shocking Collapse Of World Economy Warned Is Underway

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, 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 right] 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.


GD Star Rating
Shocking Collapse Of World Economy Warned Is Underway, 4.7 out of 5 based on 12 ratings

Related Posts

Did you like this information? Then please consider making a donation or subscribing to our Newsletter.

7 Responses to " Shocking Collapse Of World Economy Warned Is Underway "

  1. roslan bayu Malaysia says:

    this is not a surprise to me at all as i have predicted 3 or 4 years ago. money must be backed by GOLD, otherwise it is like toilet rolls. today, usd is at 2 points vs. 1913. its a fact.

    GD Star Rating
  2. ken tanner United States says:

    So what at the worst will happen and what can we do to prepare?

    GD Star Rating
  3. PalawanBob Philippines says:

    For as long as the US dollar is in good shape and SP500 is at the top like it is right now, there will be no danger.
    So sit back and enjoy your Taco with a Corona light.
    Don’t forget the lime!

    GD Star Rating
  4. roslan bayu Malaysia says:

    1.save as much u can. 2. buy gold as reliable security. 3. buy items in cash. 4. dont buy unnecessary items. 4. change oil guzzler vehicle to an economic one. 5. dont be tempted by advertising gimmics. 6 buy a piece of land n grow your own food stuff. 7. land price increase but not houses. 8. have your holiday on the farm land. 9. dont gamble n limit your alcohol consumption n cigarette. 10. never take loans or mortgages. 11. cut down utility bills. 12. barter services with your neighbor, like mowing grass. 13. share gardening equiptment with neighbour.14. eat in n stop outside dinners. 15. all washing chemical can be diluted with water n still effective. 16 dont buy branded attire. go for comfort. 17.do not be envy of the rich n imitate them. 18. lessen entertainment, go for knowledge stuff. 19. pray to god for guidance n shut off the satan whisper. live moderately with comfort n peace of mind. AMEN, we are all children of ADAM N EVE.

    GD Star Rating
  5. Harold Crawford United States says:

    The Elite know how to control the masses and have made that a science since the 1920′s USG study. The average citizen does not know they are being manipulated and controlled by the media as the media itself is controlled by the elite puppet masters. The masses will only know when it is complete and some will never know. Then, it is too late.

    GD Star Rating
  6. Jean-Francois Morf Switzerland says:

    Banks prefer playing poker with the 1 Peta $ derivatives that lending to any SME!
    They sold massively PUTs on banks stocks in 2007, and loosed in 2008!
    They sold massively CDS on PIIGS, and will loose 0,1 Peta $ in 2012!
    Rothschild (0,1 Peta $) and Rockefellers (0,01 Peta $) wins against all other!
    Family Abdallah, Ben Ali, Mubarak, Gaddafi, Suharto, 2 ayatollahs, Tera $ rich, are NOT on Forbes list! Incomplete Forbes list begins under 0,1 Tera $, with Carlos!
    When will everybody understand that Rothschild wins anytime, and all others lose mostly?

    GD Star Rating
  7. roslan bayu Malaysia says:

    in actual fact, america practice is small portion of socialism, like social security, food stamp,safety net for very poor. if it is a full bloom socialism, the republic must share her revenue equally. republic means that the all revenue must be given to the public n public decide a budget to run all the counties. HOWEVER, SOCIALISM HAD BEEN BRANDED AS A DEVIL.

    GD Star Rating

Leave a comment

:) :)) =)) :D :p :o :( :(( X( #-o L-) 8-| :-8 more »

Current ye@r *

Copyright © 2009 The European Union Times – Breaking News, Latest News. All rights reserved.