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Forum Post: Shocking Collapse Of World Economy Warned Is Underway {Discretion Advised}

Posted 2 years ago on Feb. 1, 2012, 10:42 a.m. EST by Renaye (522)
This content is user submitted and not an official statement

Shocking Collapse Of World Economy Warned Is Underway Posted on truther on February 1, 2012 {Discretion Advised}

“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…”

http://www.pakalertpress.com/2012/02/01/shocking-collapse-of-world-economy-warned-is-underway/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+pakalert+%28Pak+Alert+Press%29

3 Comments

3 Comments


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[-] -3 points by PoIemarchus (56) 2 years ago

More fear propaganda by the forum's most nonsensical conspiracy theorist.

Yet another post to put on my bot radar.

[-] 1 points by LetsGetReal (1420) from Grants, NM 2 years ago

Please don't do the bot thing. It just adds fuel to the conspiracy fires.

[-] 0 points by Renaye (522) 2 years ago

Conspiracy observationist! Make the distinction...geez!