The Next Wall Street Collapse is Coming
Ready or Not...
The signs are popping up everywhere that something very negative is about to unfold in the financial world on Wall Street.
Let's review the most obvious and clear warning signals that have come to our attention in just the last nine months...
When you put together this string of events over this time period, it should be clear to any thinking person that all hell is about to break loose on multiple fronts converging at the same time. It doesn't take a rocket scientist to figure this out — just someone who is willing to pay attention to one shocking fact after another.
First, we continue to see outrageous ammo, assault rifle, and armored vehicle purchases by multiple governmental agencies, including the Social Security Administration and Department of Homeland Security, among others.
Reports are that the Department of Homeland Security (DHS) is engaged in a massive, covert military buildup.
An article from the Associated Press in February confirmed an open purchase order by DHS for 1.6 billion rounds of ammunition. According to an op-ed in Forbes, that's enough to sustain an Iraq-sized war for over twenty years.
DHS has also acquired heavily armored tanks, which have been seen roaming the streets.
Evidently, somebody in the government is expecting some serious civil unrest.
The question is, Why?
Second, the bail-in agreements I have talked about previously seem to be largely ignored by the public.
It is amazing to me that so many are so willing to trust banks at keeping their monies when it was published worldwide that banks have signed agreements stating they will take depositors' monies if they get in trouble for any reason.
It has already happened in Cyprus.
Do people think this will not happen again?
The known derivative liability of the top five banks in the United States is staggering, and recent leaks of information seem to indicate the interest rate derivative problems of these banks are soon coming to roost.
Third, we've seen one article after another related to preparations for martial law in recent months. This is quite alarming when you consider the following quotes from the banksters Hank Paulson and Gordon Brown...
Fear of this threat was echoed in September 2008 by U.S. Treasury Secretary Hank Paulson, who reportedly warned that the U.S. government might have to resort to martial law if Wall Street were not bailed out from the credit collapse.
Martial law was avoided during the last crisis when legislatures succumbed to pressure and bailed out the banks. But many pundits are saying that another collapse is imminent — and this time, governments may not be so willing to step up to the plate.
Ellen Brown, president of the Public Banking Institute, recently wrote an article in this regard stating the following:
Recently revealed statements by former UK Prime Minister Gordon Brown at the height of the banking crisis in October 2008 could give some insights into that question.
An article on BBC News on September 21, 2013, drew from an explosive autobiography called Power Trip by Brown's spin doctor Damian McBride, who said the prime minister was worried that law and order could collapse during the financial crisis.
McBride quoted Brown as saying:
If the banks are shutting their doors, and the cash points aren't working, and people go to Tesco [a grocery chain] and their cards aren't being accepted, the whole thing will just explode.
If you can't buy food or petrol or medicine for your kids, people will just start breaking the windows and helping themselves.
And as soon as people see that on TV, that's the end, because everyone will think that's OK now, that's just what we all have to do. It'll be anarchy. That's what could happen tomorrow.
How to deal with that threat?
Brown said, "We'd have to think: do we have curfews, do we put the Army on the streets, how do we get order back?"
McBride wrote in his book Power Trip: "It was extraordinary to see Gordon so totally gripped by the danger of what he was about to do, but equally convinced that decisive action had to be taken immediately."
He compared the threat to the Cuban Missile Crisis.
Fourth, there has been a revolving door lately of high-level meetings at the White House and elsewhere with top financial people from New York. Jim Willie of the Hat Trick report indicates these meetings are being run by JP Morgan Chase (what a surprise!).
Fifth, look at the recent data on states that have more people on welfare than are working.
If this doesn't tell you we are going to have problems of all sorts, then nothing will...
Here are the states that now have more people on welfare than employed:
I could go on and on, but I think you get the point.
When you add all this up, it points to a government and financial system that is getting more desperate by the day.
Add in the recent loss of trust by the public in their elected officials (the latest polls are the lowest in history) and the totally polarized populace that is at complete odds with one another, and you have the making of a complete firestorm if anything seriously goes wrong.
Something is seriously wrong with America.
It's time to arm yourself before the coming collapse on Wall Street.
Until next time,
Greg McCoach for Wealth Daily