Since August 07 economic researchers have been warning of impending financial difficulties faced by the world markets and even though governments have strived to play down the seriousness of what is happening, the predicted scenario is unfolding rapidly.
Over the course of the last week, another clutch of financial institutions have crashed and the reason for is because the financial model that banks are based upon is broken.
The banks have been reporting huge shortfalls as mortgages and loan collateral are no longer able to be sold off as investment vehicles.
The holes have appeared and the only solution is to bail out using taxpayers money, or buy out, the smaller banks being merged into huge “superbanks.”
The effects of the banking crisis are only just being felt. In the U.K. this week, as many as 50,000 bank staff are in danger of losing their jobs.
Today with the buy out of HBOS, 28% of the mortgage market will be owned by one huge organisation.
Experts are predicting that mortgages will rise.
No matter how many banks fail and have to be funded with public cash, not one penny of our loan obligations will be forgiven.
This grim situation is only one aspect of a wider unfolding of financial ruin and destruction. Add to the mix, fuel and food price increases and there emerges a picture of widespread suffering as people in the normally prosperous western nations, struggle to be able to afford to pay for their basic needs.
How did this situation come about? Surly with the expertise of those who are charged with handling the world economy, this situation could have been averted. Our system of world economics has been developed over many decades and one would have thought that by now they would be able to get it right.
I am in no doubt that world leaders of finance knew what they were doing all along. The reality is that banks have gorged themselves unashamedly for a long time and now are going to be left to collapse and we will pick up the pieces.
Many of the banks directors will have made a fortune on the markets and the brunt of the losses will be borne by small investors who will have naively tried to put a little aside for a rainy day.
But why on earth would our world financial leaders, deliberately destroy the economy? Simply this: the rebuilding of the economy after the meltdown will give them a grater share of power for it is power they drives them.
One of the greatest con tricks ever played upon humanity, is that money has any value. The only thing that gives money any real value, is the gold or silver reserves which it represents.
Since currency is mostly divorced from any gold or silver deposits, it has no real value in itself and as most of the money that comes into circulation has been through the issue of loans and mortgages, it could be said to have a negative value.
The main problem with this “anti” money is that ever more will be needed because not only does the principal amount have to be repaid, but the interest also.
As long as the government continues to issue money into the system, then the economy can continue to function but the credit crunch has stopped the whole machine dead in its tracks.
The process of providing a solution to a manufactured crisis has been used by social engineers with devastating effect for many years. The answers which will be given to us will be a whole range of economic and political reforms which will consolidate the powerbase of the elite globalists.