Sat Mar 23, 2024 11:33 pm by globalturbo
DUH?! Wells Fargo Is Preparing for Complete Economic Collapse
For an 'Insider', Hodges doesn't know jack - There is a GLOBAL CURRENCY RESET in motion. The old FIAT worthless scam system HAS TO BE TAKEN DOWN - COLLAPSED - to bring in the NEW gold backed system. Both are done concurrently!! WOULD SOMEONE PLEASE TEACH HODGES ABOUT THIS? HE LOOKS LIKE A FOOL!
'Insider' (?) Reveals Wells Fargo is Preparing for Complete Economic Collapse
In part, this article is a case of breaking news which is really old news.
In the video below, released on February 7, 2016, the whistle-blower of doom, says he’s a teller. Ray Charles could see that this is not true. The referenced person is not a teller. The source is sophisticated enough to use an untraceable proxy server and has economic knowledge far beyond a common employee of a bank. This person’s message is that of a prominent insider who has the know-how with regard to covering his tracks and providing highly detailed insider knowledge.
How can ascertain these facts about the whistle-blower and the validity of his claims?
In the past, I have written about the credit swap derivatives exposure and the topic got very little traction. So long as people are driving to work and have some food on the table, and there is no looming crisis, most Americans will have a case of tunnel vision due to the fact that most of only live for Friday and cannot see into the future. Many of us in the independent media and even knowledgeable and respected economists such as John Williams and Joseph Meyer are all saying that we are on the verge of a complete economic collapse. And it will almost assuredly begin with a collapse of the banks. How do I know, read on, the banks, themselves, have already told you as much.
The 2016 Economic Crisis Is Worse Than 2008
The very same banks that created the last economic crisis have now created a 278 TRILLION dollar derivatives nuclear time bomb that could tear down the American economy in single and unannounced moment.
Interestingly and tragically, Wells Fargo appears to be a sound manager of its debt compared to the other banks.
From the Economic Collapse Blog[3]:
“JPMorgan Chase
Total Assets: $2,573,126,000,000 (about 2.6 trillion dollars)
Total Exposure To Derivatives: $63,600,246,000,000 (more than 63 trillion dollars)
Citibank
Total Assets: $1,842,530,000,000 (more than 1.8 trillion dollars)
Total Exposure To Derivatives: $59,951,603,000,000 (more than 59 trillion dollars)
Goldman Sachs
Total Assets: $856,301,000,000 (less than a trillion dollars)
Total Exposure To Derivatives: $57,312,558,000,000 (more than 57 trillion dollars)
Bank Of America
Total Assets: $2,106,796,000,000 (a little bit more than 2.1 trillion dollars)
Total Exposure To Derivatives: $54,224,084,000,000 (more than 54 trillion dollars)
Morgan Stanley
Total Assets: $801,382,000,000 (less than a trillion dollars)
Total Exposure To Derivatives: $38,546,879,000,000 (more than 38 trillion dollars)
Wells Fargo
Total Assets: $1,687,155,000,000 (about 1.7 trillion dollars)
Total Exposure To Derivatives: $5,302,422,000,000 (more than 5 trillion dollars)
Compared to the rest of them, Wells Fargo looks extremely prudent and rational.”
Confirming Data
Below are two excerpts that I wrote 15 months ago which absolutely confirms what the “teller” says in the above video. Fifteen months ago, America did not want to listen. Can you hear me now?
[4]
I. THE MONEY IN YOUR BANK ACCOUNT WAS STOLEN THIS MORNING
November 16, 2014
On November 16, 2014, it was revealed that when you awakened, a new G20 policy was enacted which effectively stole your bank account.[5] For the time being, you still have some access to some of your money. If you have $100,000 in the bank, try taking that money out today and see how fast the Federal authorities show up in your life. And if you did manage to get your money out of the bank, don’t forget about the cop on the corner poised to steal your money under the banner of “civilian asset forfeiture”. Pardon me, I digress.
All nations belonging to the G20 will immediately submit and pass legislation that will fulfill a new investment program.[6] This new program creates a whole new paradigm and set of rules whereby banks will no longer recognize your deposits as money.
Russell Napier[7] is declared November 16, 2014, as “the day money dies,” and according to Zero Hedge[8], Napier says the G-20 will announce “that bank deposits[9] are just part of commercial banks’capital structure[10], and also that they are far from the most senior portion of that structure.” Pay close attention America this means that following a bank failure, “a bank deposit is no longer money in the way a banknote is.”
This G20 legislation will formally push down bank accounts through the capital structure to a position of being mere material capital risk in any ‘failing’ institution. In our last financial crisis, deposits were de facto guaranteed by the state, but beginning November 16, 2014 holders of large-scale deposits will be just another creditor fighting to regain their share of the assets of a failed bank,” according to Zero Hedge. And how much will your former money be worth when you come to make your claim?
For reasons that will become apparent as you weave your way through this article and its conclusions, if you have $100,000 in a bank account, you will take home under $1200! This is why for the past 18 months I have been telling the nation to not deposit your paycheck into the bank…
II. The Federal Reserve and the Bank of England Have Already Rehearsed the Theft of Your Bank Account
November 10, 2014
The theft of the people’s money has already been rehearsed by the powers that be in the banking industry. Regulators from the United States and the United Kingdom[11] got together in a war room to see how they will cope when the next big bank fails.
Treasury Secretary Jack Lew and the UK’s Chancellor of the Exchequer, George Osborne, on November 10, 2014, ran a joint exercise simulating how they would prop up a large bank (e.g. Bank of America) with operations in both countries that has landed itself in trouble. Also taking part in the “bank failure drill” was Federal Reserve Chair Janet Yellen and Bank of England Governor Mark Carney[12], and the heads of a large number of other regulators, in a meeting hosted by the U.S. Federal Deposit Insurance Corporation[13]. Just like Jade Helm, if there were not going to do this, then why would they be committing so many resources to practicing to do it?
The FDIC has only about $25 billion in its deposit insurance fund, which is mandated by law to keep a balance equivalent to only 1.15% of insured deposits.
If a banking collapse were to be on the near horizon, the banksters are not going to notify you because they would not want to incite a bank run. With only 1.15% of all deposits being insured by the FDIC, your money would be left vulnerable and only the elite would be warned as they quietly transfer their money to a safer haven, such as gold.
Conclusion
This is not the part where this turns into a prepper article, although precautions should be taken on the part of every American (eg gold, guns, ammo, food, water, and alliances). This is the part of the article where I tell you to standby and wait for tomorrow’s article which shows you where this is headed. Suffice it to say that Special Operations Forces are already gearing up for what’s next.
Endnotes:
- [Image]: http://www.thecommonsenseshow.com/siteupload/2014/08/CSS-Offical-New-Logo24.jpg
- [Image]: http://www.thecommonsenseshow.com/siteupload/2014/11/wells-fargo-crooks.jpg
- Economic Collapse Blog: http://theeconomiccollapseblog.com/archives/tag/wells-fargo
- [Image]: http://www.thecommonsenseshow.com/siteupload/2015/11/can-you-hear-me-now-verizon-man.jpe
- a new G20 policy was enacted which effectively stole your bank account.: http://www.thecommonsenseshow.com/2014/11/16/the-money-in-your-bank-account-was-stolen-this-morning/
- new investment program.: http://www.economicpolicyjournal.com/2014/11/warning-bank-deposits-will-soon-no.html
- Russell Napier: http://www.financialsense.com/contributors/russell-napier
- according to Zero Hedge: http://www.zerohedge.com/news/2014-11-12/russell-napier-declares-november-16-2014-day-money-dies
- bank deposits: http://topics.bloomberg.com/bank-deposits/
- capital structure: http://topics.bloomberg.com/capital-structure/
- United States and the United Kingdom: http://www.thecommonsenseshow.com/2014/10/11/u-s-and-uk-to-test-big-bank-collapse-in-joint-model-run/
- Federal Reserve Chair Janet Yellen and Bank of England Governor Mark Carney: http://www.thecommonsenseshow.com/2014/10/11/u-s-and-uk-to-test-big-bank-collapse-in-joint-model-run/
- in a meeting hosted by the U.S. Federal Deposit Insurance Corporation: http://www.thecommonsenseshow.com/2014/10/11/u-s-and-uk-to-test-big-bank-collapse-in-joint-model-run/
- [Image]: http://www.thecommonsenseshow.com/siteupload/2015/06/banner-sqmetal_left.jpg
Source URL: http://www.thecommonsenseshow.com/2016/02/07/insider-reveals-wells-fargo-is-preparing-for-complete-economic-collapse/
Posted by Olive Oyl at 10:04 AM
Thanks to: http://nesaranews.blogspot.com
