Despite the fact that the economy is rapidly heading towards its breaking point, very little attention is being paid to it by the mainstream media and as one ANP reader recently asked, is all of the focus upon ISIS and terrorism right now a distraction from the other 'big picture' events going on around the world including what happens once the economy comes tumbling down? As we learn in the 3rd video below featuring James Wesley Rawls with Dave from the X22Report, the next economic collapse will bring with it starvation and many will not make it through it. In the 1st video below we learn from Dr. Jim Willie that the banks are dead and losses could be 10 times the amount now being reported.
Back at the end of 2014 with the price of oil sitting around $90 a barrel, several predictions were made that it may fall to $40 or less a barrel in 2015 with warnings of 'economic armageddon' if it fell to $20 a barrel. In this new story from Mac Slavo at SHTFPlan, Mac warns that indeed we may see $20 a barrel soon which he warned would 'signal economic disaster' with 'dreadful and unprecedented numbers'. From Mac at SHTFPlan.:
The world is running out of storage facilities for surging supplies of oil and may soon exhaust tanker space offshore, raising the chances of a violent plunge in crude prices over coming weeks, experts have warned.
At Zero Hedge we're told that 'global trade just snapped' with container shipping rates plummeting 70% in just 3 weeks; what makes this even more disturbing we are told is that the freight industry has entered its' 'golden period' traditionally as seen in the chart below. Read these words of warning from an expert in the industry.:
"This market is looking like a disaster and the rates are a reflection of that,"warns one of the world's largest shipbrokers, but while The Baltic Dry Freight Index gets all the headlines - having collapsed to all-time record lows this week - it is the specifics below that headline that are truly terrifying. At a time of typical seasonal strength for freight and thus global trade around the world, Reuters reports that spot rates for transporting containers from Asia to Northern Europe have crashed a stunning 70% in the last 3 weeks alone. This almost unprecedented divergence from seasonality has only occurred at this scale once before... 2008!"It is looking scary for the market and it doesn’t look like there is going to be any life in the market in the near term."
Over at the Economic Collapse Blog, Michael Snyder tells us the Baltic Dry Shipping Index just collapsed to an all-time low as the dramatic slowdown in global trade gets even worse and as Snyder tells us: "I didn’t realize that things had gotten quite this bad already." He also tells us that during the last financial crisis, the Baltic never got this low.
Are we about ready to witness 'an economic event' that leaves everybody who hasn't prepared for it in great danger? As has been reported on ANP, World War 3 will likely be fought over food and other basic necessities and the great majority of Americans are completely unprepared for a shutdown of our banking system or other major event. With each day bringing us ever closer to potential financial disaster, Michael Snyder at the Economic Collapse Blog sums up what we're now looking at perfectly.:
So many of the exact same patterns that we witnessed back in 2008 are playing out once again in front of our very eyes. The evidence continues to mount that we are steamrolling toward a deflationary economic slowdown that is worldwide in scope.
At this moment, global financial markets are teetering on the brink, and all it is going to take is some kind of major trigger event to send them tumbling over the edge.
And such an event may be coming sooner than you may think.
It wouldn’t take much to push the financial world into full-blown panic mode. A major regional war in the Middle East, a terror attack that kills thousands, or an earthquake or volcanic eruption that affects a large U.S. city are all potential examples of “black swan events” which could fit the bill.
So keep your eyes open – within weeks our world could be completely and totally different.
As we take a look at the new SQAlert we have to ask, why would bankers be required to rush into work for sudden emergencies? What kind of bank emergencies would suddenly require this out of their employees? This is certainly another sign that something extremely significant may happen at any time in our future and, while we cannot put an exact date on it, we're all best served by preparing for whatever it is that might be coming our way.
Steve, I was with a friend when he received an emergency test Text from his work- JPMC. Did you know...Chase set up an emergency system "in case of an emergency" they want all their employees to report to their branches. They tested it last night at 7:30pm MST. They sent a test Text message asking for a (yes) reply. And they left voice mails as a test for the employee to call a toll free # back and enter a combination of numbers that was given on the test voice mail. They've not done any tests for several months until last night. What kind of an emergency would require tellers and bankers to be expected to rush to the branch they work in? I think we all know the answer to that. When the s*** hits the fan those who have ignored the warnings & left all your $$ sitting in the bank to be confiscated You need to realize these employees have no idea what the Big Guys had planned. They are there thinking their company needs their help. They will find out when we find out. They will just be stuck in the middle of it- those who may not be awake anyways and respond to the order to report to work. God Bless! Kay
UPDATE: A 2nd Steve Quayle banking alert is republished below with Steve's permission.:
Steve - I am responding to the possibilities of why bank branch employees would be summoned to their branches at off-hours. My husband is a former very highly-placed WF and Fed IT programmer. He said that branch employees are PR, essentially. They are indoctrinated. Other than that, they "do" nothing. They don't even put the fiat money into the ATM machines--for "their own security" of course. When quizzed, they repeat themselves, which means they follow a tightly-controlled script. THEY ARE ONLY PR PEOPLE. Here's 2 possible scenarios. 1) On the appointed Friday night, about 2 am, IT loads up new Scheiss Dollar values, including all Dollar-denominated instruments, such as mortgages, CDs, and so forth. When? He is believes this has already been written--and tested. IT has until Sunday night to fix any bugs, and yes, he says, even programs of this magnitude EASILY go off without a hitch. Programs that affect BILLIONS OF DOLLARS are loaded this way ALL THE TIME. 2) On a particular Friday night, the cyber-destruction program is loaded.
In either scenario, the IT team has loaded and checked the outcome. Generally, PR people are all superfluous....except in two such scenarios, because now the PR team is "needed" for the "script." On that Sunday evening, late enough that they can tell very few people--and besides, it is too late for their friends, relatives--or even themselves--to take out their money, they will be told it is a National Emergency, and they are in a position of Great Trust. They will be handed their new Q & A script and to memorize by 8 am. They will be part of something "of great national importance," "help to calm people," and other claptrap. The Q & A will provide the usual bankalese jargon. These employees will believe--just like they do now--that they really are doing their customers a great service. If you don't believe me, try this humorous experiment at your local branch. It's easy to reduce these people to absolute frustration. Try opening an account that is not normal--give it some unusual qualities--and keep adding complexities until they're frustrated enough to actually turn their employee screens and SHOW you, saying things like, "I have to select just ONE of these boxes!!!" at which point you have accomplished your missions, and upon looking at them carefully, you invent something that is not there, like "I'm a Non Governmental Organization" which of course is evil, and you're making a joke, but they are so, so absolutely clueless. You sigh and say you'll just try the bank down the street. It is a very sorrowful experience. It is time to heavily pray for the duped employees of America. When these innocents discover their corruption in which they have been complicit (like my husband did) they will be very, very, very angry--especially when they find out that they have been complicit in theft. Only God can give them the resolution they will require. It is best that they find God BEFORE, not AFTER. Each of us must be quoting His Word to everyone we meet. I hardly trust myself to speak my own, when I am looking into the eyes of the innocent sheep. Only His Word has been promised to not come back void. The hour must be late. The training programs of indoctrination have been step-wise, and are advanced. And the final PR scripts for these monetary events are being written, and edited, and reviewed....