MegaBanks Exiting: ‚ÄúPrepare For Economic Nuclear Winter‚Ķ Sell Everything‚ÄĚ

Wednesday, August 31, 2016
By Paul Martin

Matt Agorist
August 31st, 2016

This article was written by Matt Agorist and originally published at The Free Thought Project.

Editor’s Comment: It is as if a terrific catastrophe has been prepared to reset the power structure, only the biggest players in the game have already repositioned their assets and will be largely shield from the direct effects of what is coming.

This is very much a house of cards scenario, and anyone who has been foolish enough to put major portions in the traditional stock market is likely in for a devastating fall. The system is combining the dual aspects of illusory and usury to hold monopoly, and redirect wealth to the top. The algorithms are programmed to starve the masses out of their homes, and jobs and any claim to financial stability. Pay close attention to how they are reacting, and how they want you (and everyone else) to react to their decisions.

Major Bank Official: Banks Are ‚ÄúPreparing for an Economic Nuclear Winter‚ÄĚ

by Matt Agorist

After years of giveaways to megabanks, marketed to the taxpayers as ‚Äėquantitative easing,‚Äô the crutches shoved under the banker-controlled global stock trade are about to snap. Bankers now say they are preparing for the collapse.

In June of 2015, former Congressman Ron Paul predicted that these crutches would fail, and the financial bubbles created by them would send the stock market into a free-fall.

The consequences will not be minor. Surprises will be many, since we are in uncertain waters and the world has never faced the gross misallocation of capital that exists today. The process is self-limiting. It will come to an end, and it’s not going to be far into the future.

Now, as chaos in the EU and weak corporate earnings create a tornado of uncertainty, banks are preparing for the worst.

According to CNBC quoting a major lender, banks are ‚Äúpreparing for an economic nuclear winter situation.‚ÄĚ

The chaos in the market has major bank officials running for the hills. According to CNBC, European banks, in particular, have had a very tough six months as the shock and volatility around Brexit sent banking stocks south. Major European banks like Deutsche Bank and Credit Suisse saw their shares in free-fall after the referendum’s results were announced. In the U.K., RBS was the worst-hit, with its shares plunging by more than 30 percent since June 24.

The Rest…HERE

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