Forum Post: International Banker: "The Western Banking System is Being Intentionally Burned to the Ground"
Posted 10 months ago on July 8, 2012, 3:04 p.m. EST by Noncompliance
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International Banker: The Western Banking System is Being Intentionally Burned to the Ground—
The international banker who warned Steve Quayle 3 weeks ago that the Euro has collapsed unofficially has released another RED ALERT, stating that the Western banking system is being intentionally burned to the ground by the elite.
The source states that the the recent ‘hacking’ of 60 Western banks, JPM’s CIO losses (which he states are actually $150 billion), and the LIBOR manipulation scandal are all symptoms of the entire banking system being flushed out and totally burned to the ground by insiders before it collapses on its own weight.
From Steve Quayle:
It has begun- the unofficial collapse of the Euro that I have announced back in late June has started to run into the massive canyon like fissures of the financial world.
As web site after web site and expert after expert talk endlessly about the failing frame work of the whole western financial system; they over look one main point. That point is this; when a patient is brain dead, you may debate that there is still blood coursing through their veins, that their heart still beats, that there is still a modicum of respiration still occurring. The fact remains though the vestigial systems of the organism works, it’s main source of control that dictates every one of its voluntary mechanical operation IS DEAD. So it is with Western Banking. There are still “signs” of life, the ATMs work (for most anyway) online transactions are for the most part operational (again for most) but the arguments of liquidity and solvency rage because of the simple lack of omission that the very needed rudi- ments of the financial system, it’s modus operandi, it’ s organized brain of safeguards and cognition has ceased functioning.
The Unofficial Euro collapse has hastened the hemorr- haging of various sectors around the financial world. Lets start with a few shall we.
-Derivatives- I have documented that the real loss of JPM’s previous London trade debacle is not the pur- ported initial $2billion or the now admitted $9 billion but $150 billion total loss. This coming from a Zombie Bank that receives 77% of its profits from the govern- ment trough. The IR Swaps that are played in this field is astronomical and is accounting for more than 85% of all derivative trades. So what does this mean? I stated many times, when people have asked me, “what is THE SIGN of a financial collapse?” I have always said that it will begin in the derivative market first. After all we have an unsustainable world wide derivative debt that is in the Quadrillions. $1.4 Quadrillion by most estimates. What does this mean and how will it play out?
-Hacking- The supposed “hacking” that is occurring in over 60 banks at the same time is nothing more than those with the funds moving their assets out. It is a smoke screen, a diversion, a silent stealth bank run by the elites. Why all of a sudden there is total media black out? The funds that have been taken have crossed in to the billions of dollars. The total stealth bank runs are closer to 200 banks.
-LIBOR- All over the news you hear the mother of all scandals, the fact that all the major multinational banks have been rigging the interest rate system and keeping it artificially low. Which robs you of your dividends and annihilates your savings but profiteers the banksters in their risky gamble with your money. They profit and you are left holding the bag. The banks involved in this LIBOR mess total 200 about the same that just so happen to be the same banks that are all of a sudden being “hacked” and are having “glitches”. This LIBOR scandal puts into risk an $800 trillion market made up of savings, investments, mortgages, loans and retire- ment accounts. Taking a sledgehammer to the confid- ence of the whole entire global market and western backed banking system. I laugh at these pundits who talk about the LIBOR. You see my friends there is no oversight over LIBOR,it’s just a bunch of crooks decid- ing what they will charge for lending amongst them- selves and how they can profit off of you. LIBOR was invented to be MANIPULATED the very design of this screams so. You have to wonder why now all of a sudden LIBOR is an issue? Read on.
So what does it all mean? Simple really my friends. The whole entire western banking system is being flushed out, the whole house is being purposely burned to the ground in order to make way for the new. If you are still in paper you are a madman or woman. Pull your money out now while you still have time. I will make it as clear for you as possible, your wealth, your way of life and your posterity’s future is being PURGED, FLUSHED, BURNED OUT. The order of things are about to change officially. Watch the dollar, get out of paper, get into metals. You have been warned….Again.