Are The Government And The Big Banks Quietly Preparing For An Imminent Financial Collapse?

Something really strange appears to be happening. All over the globe, governments and big banks are acting as if they are anticipating an imminent financial collapse. Unfortunately, we are not privy to the quiet conversations that are taking place in corporate boardrooms and in the halls of power in places such as Washington D.C. and London, so all we can do is try to make sense of all the clues that are all around us. Of course it is completely possible to misinterpret these clues, but sticking our heads in the sand is not going to do any good either. Last week, it was revealed that the U.S. government has been secretly directing five of the biggest banks in America "to develop plans for staving off collapse" for the last two years. By itself, that wouldn't be that big of a deal. But when you add that piece to the dozens of other clues of imminent financial collapse, a very troubling picture begins to emerge. Over the past 12 months, hundreds of banking executives have been resigning, corporate insiders have been selling off enormous amounts of stock, and I have been personally told that a significant number of Wall Street bankers have been shopping for "prepper properties" in rural communities this summer. Meanwhile, there have been reports that the U.S. government has been stockpiling food and ammunition, and Barack Obama has been signing a whole bunch of executive orders that would potentially be implemented in the event of a major meltdown of society. So what does all of this mean? It could mean something or it could mean nothing. What we do know is that a financial collapse is coming at some point. Over the past 40 years, the total amount of all debt in the United States has grown from about 2 trillion dollars to nearly 55 trillion dollars. That is a recipe for financial armageddon, and it is inevitable that this gigantic bubble of debt is going to burst at some point.

In normal times, the U.S. government does not tell major banks to "develop plans for staving off collapse".

But according to a recent Reuters article, that is apparently exactly what has been happening....

U.S. regulators directed five of the country's biggest banks, including Bank of America Corp and Goldman Sachs Group Inc, to develop plans for staving off collapse if they faced serious problems, emphasizing that the banks could not count on government help.

The two-year-old program, which has been largely secret until now, is in addition to the "living wills" the banks crafted to help regulators dismantle them if they actually do fail. It shows how hard regulators are working to ensure that banks have plans for worst-case scenarios and can act rationally in times of distress.

Does it seem odd to anyone else that only five really big banks got such a warning?

And why keep it secret from the American public?

Continue: http://theeconomiccollapseblog.com/archives/are-the-government-and-...

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Comment by Nathan on August 17, 2012 at 7:09pm: Why Are George Soros and John Paulson Buying Up So Much Gold?

Source: Michael Snyder, BLN Contributing Writer

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 Immin...“, I speculated that they may be preparing for a financial meltdown of some sort. As I noted in that article, more than 600 banking executiveshave 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.

Why Is George Soros Selling So Much Stock And Buying So Much Gold?

I am certainly not a fan of George Soros. He has funneled millions upon millions of dollars into organizations that are trying to take America in the exact wrong direction.

However, I do recognize that he is extremely well connected in the financial world. Soros is almost always ahead of the curve on financial matters, and if something big is going to go down George Soros is probably going to know about it ahead of time.

That is why it is very alarming that he has dumped all of his banking stocks and that he is massively hoarding gold. The following is from shtfplan.com….

Continue: http://www.blacklistednews.com/Why_Are_George_Soros_and_John_Paulso...

Comment by Nathan on August 14, 2012 at 11:07am: Investors Prepare for Euro Collapse

http://www.spiegel.de/international/business/investors-preparing-fo...

Comment by Nathan on August 13, 2012 at 8:12pm: Well said, Peter.

Comment by Patriot Pete on August 13, 2012 at 8:06pm: It's no surprise this is happening when puppet politicians tax the hell out of us and place restrictions on everything we do - we can't move or breath yet we are the ones who pay the taxes

Retail stores are feeling the pinch because online shopping is growing fast. I often buy American goods and have them shipped cheaper than I can buy them here in Australia, 20-30% cheaper including shipping cost, it's one way to beat the carbon tax which has just increased prices on everything since the first of July when the tax was introduced

The banks must comply with govt regulations and keep reserve capital - so where do you think they get that money from? from the customers, that's where - their fees and charges are criminal

The govt hands out a lolly called the "First Home Owners Bonus" which encourages the sheeple to go into 25 year debt to pay off their new home. If they saved the cash, some at a time, and became "Owner Builders" they could build and own the home outright inside ten years. As it is, most mortgagees at present are handing over more of their income to pay off their mortgages quicker in anticipation of harder times to come, other bills are higher and there seems no relief in sight, for one thing electricity cost has gone through roof, making it harder for both businesses and the public

If a collapse eventuates, it won't be our fault so much, but the fault of the people running the show, they're painting themselves into a corner. They must be the worst dictators the world has ever seen

Comment by Nathan on August 13, 2012 at 11:17am: The Spanish and Italian commercial property markets have all but collapsed with the number of transactions in both countries falling more than 90 per cent in the three months to July as investors worry about the future of the eurozone.

Only three property transactions were registered in Spain during the second quarter, down from 58 deals in the previous quarter. In Italy the slide was even more pronounced, with just two buildings being traded during the period, down from 56, according to data from Real Capital Analytics.

http://www.americanthinker.com/blog/2012/08/spanish_and_italian_com...