After years of working diligently to raise the alarm on the precariousness of the global financial system, it has become clear to me that most people still do not grasp the reality of where our global financial system really stands. We are on the verge of a systemic financial implosion that could very nearly wipe out the currency holdings (bank accounts) of hundreds of millions of people, and with each passing day, that long-postponed day of financial reckoning inches ever closer.
"If the European summit could reach a deal on December 9, its next scheduled meeting, the eurozone will survive. If not, it risks a violent collapse," writes Wolfgang Munchau of the Financial Times. Two years ago, such language would have been spat upon as "doom and gloom fear mongering." Today it is the mathematical reality across the European Union.
The Polish foreign minister said today that what Europe faces is "a crisis of apocalyptic proportions," and urged what is essentially more useless debt bailout tactics to try to delay mathematical reality a little while longer.
10 days to the economic implosion of the Eurozone?
The EU's present economic system may not survive the next few weeks. Even if some creative, shifty accounting can be ginned up to keep EU nations solvent, it will only be done so as a temporary delay in the inevitable financial collision that now approaches. Before long, even the denialists and mainstream news minions will have to admit that these global banksters have destroyed the economies of entire nations in much the same way that the Federal Reserve has all but destroyed America's economic future. The dishonest, debt-mounting schemes which have been pursued by the derivatives-infected global banking industry are nothing less than campaigns of financial terrorism waged against the working people of our planet -- people who shall, of course, foot the bill for the inevitable damage and destruction that will result.
A large brokerage firm known as MF Global recently collapsed and simply stole the assets of all its customers. Meanwhile, Britain is drawing up emergency plans for the collapse of the Eurozone. And we now learn that secret Federal Reserve loans pumped $13 billion of profits into the hands of banks which were on the verge of systemic failure.
The banksters are stealing everything from the working class, and governments are going along with the theft, riding shotgun on what is without question the greatest swindle in history. This is what happens when you give up your national sovereignty or turn over control of your money supply to a private, non-government corporation such as the Federal Reserve. This is what happens when you deregulate financial institutions and let the Goldman Sachs controllers influence Congress to get the (corrupt) legislation they want. What we're dealing with here is runaway criminality ...not capitalism.
... And it's all about to blow up right in the faces of those who have tried to cover it up for the past several years.
Now, in case you're thinking about taking to the streets and protesting all this when the financial implosion steals whatever might be remaining of your hard-won savings, think again: The U.S. Senate is moving to enact a law that would allow military troops to march on U.S. soil and arrest American citizens with no due process, no trial, no legal representation and no protection under the Bill of Rights. Americans could be thrown in secret military prisons, interrogated, tortured and held indefinitely without ever being charged with a crime!
It's all part of the new "National Defense Authorization Act" (S.1867) which features a section called the "worldwide indefinite detention without charge or trial" provision.
Sen. Lindsey Graham even explained in plain language that the bill is being written to detain American citizens anywhere in America! His words on the Senate floor: "...1031, the statement of authority to detain, does apply to American citizens and it designates the world as the battlefield, including the homeland."
In other words, the total military police state tyranny will soon be overt and official. So let's dispense with the silly talk that we live in a "free" nation. Enough of the childish accusations that people like Alex Jones are only spouting "conspiracy theories" about the police state. When the U.S. Senate fronts a bill that, in plain language, authorizes the use of the military to conduct secret arrests of American citizens on any "battlefield," including the "battlefield" right outside your front door, the tyranny is no longer a theory, folks -- it's an historical fact! It's time we all woke up to the nightmare reality and did something about it for a change.