http://www.semperfidelis.ro/e107_plugins/forum/forum_viewtopic.php?13756.last
Subject: This is Huge
Here we have confirmation of the economic collapse, a terrorist
attack, and a suspended election, which I have been saying for 6 months,
all
coming in the next 2-3 weeks. Say hello to the New Dictator Bush of the
North American Union and goodbye to our last President of the Republic of
the United States of America.
September 16, 2008
US To Declare October ‘Economic Emergency’, Suspend Elections
By: Sorcha Faal, and as reported to her Western Subscribers
(Traducción al Español abajo)
The Federal Security Service of the Russian Federation (FSB) is
reporting in the Kremlin today that the Bank of England has received from
the United States Federal Reserve Bank a ‘notice’ that President Bush is
preparing to declare an ‘Economic Emergency’ during the week of October 5th
and will further announce that the American Presidential election due to be
held on November 4th will be ‘indefinitely suspended’.
These reports state that the Governor of the Bank of England,
Mervyn
King, had expressed his ‘shock and outrage’ to his American counterparts at
the US Federal Reserve after the catastrophic collapse of one of the
largest
financial banks in the World, Lehman Brothers, and which caused both the
Band of England and the European Central Bank to rush $42 billion into the
European economy yesterday to keep it from collapsing, and their own banks
from running out of money, necessitating the response from the US Central
Bank leader Ben S. Bernanke.
As Prime Minister Putin had previously warned, and as we had
reported on in our September 13th report “Hurricane Ike To Completely
Destroy United States, Says Putin”, the horrific hurricane storm that has
devastated the State of Texas, and where a humanitarian crisis is presently
unfolding, has, indeed, proved to be the proverbial ‘straw that broke the
camels back’ as the catastrophic damage from this storm raced beyond the
Gulf of Mexico coast and ravaged the heartland of America to such an extent
that the Governors of Ohio and Kentucky have declared States of Em ergency
as millions have been left without power.
The significance of this historic storm damage to the American
economy, these reports say, led to the unprecedented pressures put upon the
World’s largest insurance company American International Group (AIG) and
its
halt in negotiations, during a rare Sunday meeting in New York, to support
the near bankrupt Lehman Brothers on Sunday, but which was then allowed to
collapse and is now threatening to also destroy AIG itself.
Not being explained to the American people is that AIG, the
World’s
largest player in the $45 Trillion derivatives market, during the past two
weeks had bet heavily on the World Markets against the damage from
Hurricane
Ike exceeding $2 billion in property damage, lost oil and gasoline
production, lost wages and payments to companies forced to close, etc., it
is obligated to pay, but which the actual damages are now being estimated
will exceed $1 Trillion as the damages throughout the United States are
finally tallied.
[Note: Derivatives are financial instruments whose value changes
in
response to the changes in underlying variables. The main types of
derivatives are fu..., forwards, options, and swaps. The main use of
derivatives is to reduce risk for one party.]
Such a calamitous action by AIG has basically shattered the
Western
economic system, and as we can read as reported by The Australian Business
News Service in their article titled “Global banks brace for derivative
blow-up”, and which says:
“So here we are on the morning of D Day. The world's major
couterparties on the $US455 trillion derivatives market go into technical
default and no one is sure what is going to happen.
Lehman Bros yesterday formally petitioned the State Bankruptcy
Court
of the Southern District Court of New York for Chapter 11 protection.
Lehman would also have filed what are called "first day motions",
which allow the bank to pay salaries and wages, while it continues to
market
its non-toxic, broker-dealer operations and work out what on earth to do
with its highly toxic $US53 billion residential and commercial mortgage
portfolio.
But, as scary and Spartan as it might sound, failure is as
essential
to the workings of an effective marketplace as is success.
Which means only that, given this shattered, battle-weary
investment
bank is unable to find itself a new owner or think its own way through the
current calamitous circumstances, then one of the legendary brands of Wall
Street should be left to fail.
In a weekend of unprecedented drama, the Fed seems to have been
forced to play Solomon and choose between Merrill Lynch and Lehman. Both
were facing mortal threat. But it seems only one could survive intact.”
Even worse for the American people during this unprecedented
crisis
is that one of their top economic experts, Wilbur Ross, chairman and CEO of
WL Ross & Co, is now warning that over 1,000 US banks are nearing collapse,
and one of their top economists, Nouriel Roubini, of NYU's Stern School and
RGE Monitor, is further warning that “there is already a "slow-motion run
on
retail banks" occurring nationwide.”
Russian Military Analysts commenting on these reports state that
though it is unlikely that the American President can suspend US elections
solely on the basis of an Economic Emergency alone, it is entirely probable
that he could do so should their Nation suffer another 9/11 type attack,
and
which they ‘cryptically’ observe could place as early as September 22nd as
American Military Forces begin to conduct their World-Wide tests of their
new nuclear alert system as they conduct another test of their so-called
Star Wars Missile Defense System.
It should be further noted that as their once great Nation
continues
sliding towards the abyss of total ruin, these American people still refuse
to acknowledge the substance of the many warnings being issued to them from
all corners of the World as if even with eyes and ears they do not see and
do not hear anything other than what they are programmed for by their
masters.
How sad for these people, how much sadder for the rest of us these
people are now all but lost.
© September 16, 2008 EU and US all rights reserved.
[Ed. Note: The United States government actively seeks to find,
and
silence, any and all opinions about the United States except those coming
from authorized government and/or affiliated sources, of which we are not
one. No interviews are granted and very little personal information is
given about our contributors, or their sources, to protect their safety.]
Subject: This is Huge
Here we have confirmation of the economic collapse, a terrorist
attack, and a suspended election, which I have been saying for 6 months,
all
coming in the next 2-3 weeks. Say hello to the New Dictator Bush of the
North American Union and goodbye to our last President of the Republic of
the United States of America.
September 16, 2008
US To Declare October ‘Economic Emergency’, Suspend Elections
By: Sorcha Faal, and as reported to her Western Subscribers
(Traducción al Español abajo)
The Federal Security Service of the Russian Federation (FSB) is
reporting in the Kremlin today that the Bank of England has received from
the United States Federal Reserve Bank a ‘notice’ that President Bush is
preparing to declare an ‘Economic Emergency’ during the week of October 5th
and will further announce that the American Presidential election due to be
held on November 4th will be ‘indefinitely suspended’.
These reports state that the Governor of the Bank of England,
Mervyn
King, had expressed his ‘shock and outrage’ to his American counterparts at
the US Federal Reserve after the catastrophic collapse of one of the
largest
financial banks in the World, Lehman Brothers, and which caused both the
Band of England and the European Central Bank to rush $42 billion into the
European economy yesterday to keep it from collapsing, and their own banks
from running out of money, necessitating the response from the US Central
Bank leader Ben S. Bernanke.
As Prime Minister Putin had previously warned, and as we had
reported on in our September 13th report “Hurricane Ike To Completely
Destroy United States, Says Putin”, the horrific hurricane storm that has
devastated the State of Texas, and where a humanitarian crisis is presently
unfolding, has, indeed, proved to be the proverbial ‘straw that broke the
camels back’ as the catastrophic damage from this storm raced beyond the
Gulf of Mexico coast and ravaged the heartland of America to such an extent
that the Governors of Ohio and Kentucky have declared States of Em ergency
as millions have been left without power.
The significance of this historic storm damage to the American
economy, these reports say, led to the unprecedented pressures put upon the
World’s largest insurance company American International Group (AIG) and
its
halt in negotiations, during a rare Sunday meeting in New York, to support
the near bankrupt Lehman Brothers on Sunday, but which was then allowed to
collapse and is now threatening to also destroy AIG itself.
Not being explained to the American people is that AIG, the
World’s
largest player in the $45 Trillion derivatives market, during the past two
weeks had bet heavily on the World Markets against the damage from
Hurricane
Ike exceeding $2 billion in property damage, lost oil and gasoline
production, lost wages and payments to companies forced to close, etc., it
is obligated to pay, but which the actual damages are now being estimated
will exceed $1 Trillion as the damages throughout the United States are
finally tallied.
[Note: Derivatives are financial instruments whose value changes
in
response to the changes in underlying variables. The main types of
derivatives are fu..., forwards, options, and swaps. The main use of
derivatives is to reduce risk for one party.]
Such a calamitous action by AIG has basically shattered the
Western
economic system, and as we can read as reported by The Australian Business
News Service in their article titled “Global banks brace for derivative
blow-up”, and which says:
“So here we are on the morning of D Day. The world's major
couterparties on the $US455 trillion derivatives market go into technical
default and no one is sure what is going to happen.
Lehman Bros yesterday formally petitioned the State Bankruptcy
Court
of the Southern District Court of New York for Chapter 11 protection.
Lehman would also have filed what are called "first day motions",
which allow the bank to pay salaries and wages, while it continues to
market
its non-toxic, broker-dealer operations and work out what on earth to do
with its highly toxic $US53 billion residential and commercial mortgage
portfolio.
But, as scary and Spartan as it might sound, failure is as
essential
to the workings of an effective marketplace as is success.
Which means only that, given this shattered, battle-weary
investment
bank is unable to find itself a new owner or think its own way through the
current calamitous circumstances, then one of the legendary brands of Wall
Street should be left to fail.
In a weekend of unprecedented drama, the Fed seems to have been
forced to play Solomon and choose between Merrill Lynch and Lehman. Both
were facing mortal threat. But it seems only one could survive intact.”
Even worse for the American people during this unprecedented
crisis
is that one of their top economic experts, Wilbur Ross, chairman and CEO of
WL Ross & Co, is now warning that over 1,000 US banks are nearing collapse,
and one of their top economists, Nouriel Roubini, of NYU's Stern School and
RGE Monitor, is further warning that “there is already a "slow-motion run
on
retail banks" occurring nationwide.”
Russian Military Analysts commenting on these reports state that
though it is unlikely that the American President can suspend US elections
solely on the basis of an Economic Emergency alone, it is entirely probable
that he could do so should their Nation suffer another 9/11 type attack,
and
which they ‘cryptically’ observe could place as early as September 22nd as
American Military Forces begin to conduct their World-Wide tests of their
new nuclear alert system as they conduct another test of their so-called
Star Wars Missile Defense System.
It should be further noted that as their once great Nation
continues
sliding towards the abyss of total ruin, these American people still refuse
to acknowledge the substance of the many warnings being issued to them from
all corners of the World as if even with eyes and ears they do not see and
do not hear anything other than what they are programmed for by their
masters.
How sad for these people, how much sadder for the rest of us these
people are now all but lost.
© September 16, 2008 EU and US all rights reserved.
[Ed. Note: The United States government actively seeks to find,
and
silence, any and all opinions about the United States except those coming
from authorized government and/or affiliated sources, of which we are not
one. No interviews are granted and very little personal information is
given about our contributors, or their sources, to protect their safety.]