Many are the signals of breakdown, in the financial system and the Gold market. The day is near for release of gold from under the thumb of the criminal bankers. They can no longer operate in the shadows, recently in full view. The best information coming to my desk indicates that three major Western banks are under constant threat of failure overnight, every night, forcing extraordinary measures to avoid failure. They are Deutshe Bank in Germany, Barclays in London, and Citibank in New York. Judging from the ongoing defense from prosecution and cooperation (flipped) with Interpol and distraction of resources, the most likely bank to die next is Deutsche Bank. They are caught with accounting fraud and outright financial fraud over collateral shell games, pertaining to USTreasury Bonds, other sovereign bonds in Southern Europe, and OTC derivatives linked to FOREX currency contracts. D-Bank is a dead man walking.
The contagion that will hit is assured, since these three big banks are all interconnected, their positions intertwined, their fates tied like a common millstone around their necks. When they go down, and they will go down hard, the gaggle of Western financial firms (banks, investment banks, hedge funds, exchanges) will sink together into a sea of red ink, toxic swill, and more than a few orange jumpsuits. The legal route might be more likely a vanishing act, as hidden banker prisons have begun to be populated, very quietly, under extreme secrecy.
...
Someday will be revealed the death of Abdullah, which many expert analysts (not the State Dept clowns or Wall Street harlots) expect will result in the fall of the House of Saud. Accompanying his death will be the demise of the Petro-Dollar, which has served as the critical foundation for the USDollar for 40 years.
Keep reading... http://news.goldseek.com/GoldenJackass/1373582161.php
Comments
Just about every source of media has been warning us for years non stop that this event is on the way if they have not listened and watched what has happened to economy they are probably not going to wake up anyway.Sure I feel sorry for them. I was ready four years ago but knew long before that and was preparing. Between Px, economy or police state one was surely going to happen now we have police state and economy so two out of three is happening.
It should have happened already, but yes pure criminality kept it going.
I too would like to see more people prepared, but I have always feared it would happen in the winter and be more brutal. I actually thought it was going to happen two years ago and it might of if everything hadn't been propped up.
You know, Byron, I was just thinking along those lines. It's sort of like being naked with a hurricane nor'easter aiming right at you. While I, too, would like to get it over with, I also hopes it holds off a bit longer so what few people are preparing can finish up.
Yes, Donald, I like Jim Willie. He's pretty astute.
Thank you, dear Weiynala, you are always so gracious.
Excellent commentary,
When this whole system comes unraveled there will be a great deal of suffering worldwide even for those of us that think we are prepared. I say bring down the house and lets get it over with. It is going to happen anyway.