We take this moment from your busy schedules to update you that the CDS of Bank of America has reached escape velocity and has now entered suborbital traffic. At 370 bps, which is where the CDS is trading as of this moment, it is only 30 away from the 400 it hit in March of 2009 when the world had to be bailed out by the Fed: a ploy which this time will not work since every central bank has already doubled down to the hilt.
The red dot is where we are now.
Source and more: Zero Hedge
my. I feel so warm and cushy. I can hardly stand it. I do believe that man is sincerely deliberately trying to bankrupt this country and bring us to hell in a handbasket- his handbasket.
ReplyDeleteHeaven help us.
ReplyDeleteNOW is the time to demonstrate (no pun intended)our inborn ability to rise above the moment with Emunah and Bitachon in our merciful Father in Heaven.
It's all part of The Plan - G-d's Plan, that is, not Obammy's... he is just the puppet.
ReplyDeleteWhat we are witnessing is the consolidation and absorption of various independent foreign and local banking institutions into the larger hegemony of a "global reserve system," similar to the way that banks throughout America in 1929 were bought-up or absorbed by larger banks under the control of the Federal Reserve System.
ReplyDeleteFrom 1913 until 1929, economic chaos was engineered and the collapse was carefully orchestrated on the national level, to achieve the goal of centralizing power into the hands of certain elitists.
The same thing is happening again, but this time, instead of a national coup, it is occurring on an international level.
When this "independence" is completely gone, it will mark the beginning of a new global monetary system, as well as a system of international taxation designed to keep nations under control.
The underlying basis of the new monetary system will be a nation's natural resources as determined by what is called the "World Wilderness Congress." This seeming innocuous organization (purporting to be concerned with environmental issues) is much more than it appears to be. It is in fact the pre-quel to the global reserve, and it will give its directors the same control, internationally, that the fed gave to it's directors in 29.' And yes, "that man" knows perfectly well what he's doing. That's why his economic recovery plans were carefully designed to make matters worse, as quickly as possible.
But there is a God, and He who sits in heaven laughs.
Please may we meet Moshiach before any of this and it'spossibility of rearing it's ugly head(s).
ReplyDeleteDevorah, earthquake just hit Virginia, Washington and Ny 5.9. richter scale
ReplyDelete