Collapsing Fiat Economy

These videos provide very graphic summary of a collapsing economy based on over-bloated Babylonian fractional banking and the illusory derivatives driven stock market casino.


Thanks, Rick2012.

Published on Aug 27, 2014

To read the transcript of this video, please click here:

To watch the interview outside of YouTube, please click here:

Many in the U.S. Intelligence Community warn a 25-year Great Depression is unavoidable…
Jim Rickards, the Financial Threat and Asymmetric Warfare Advisor for both the Pentagon and CIA, is among them. But he fears these warnings are being ignored by our political leaders and the Federal Reserve.

Rickards says that what the U.S. government doesn’t understand is we’re on the verge of entering the darkest economic period in our nation’s history.

The above is footage of an exclusive interview with Rickards detailing everything he’s uncovered. Money Morning wants you to see this urgent presentation because the impending economic collapse could begin within the next six months.

Which is why every American should hear Rickards’ warnings today.

“There are a lot of signals out there and they’re very, very troubling…If you compare what’s going on today to what happened in the late 1920s just prior to the Great Depression, there’s a very striking resemblance,” says Rickards.

“A 25-year depression may sound extreme, but historically it’s not,” Rickards says. “We had a 30-year depression in the United States from about 1870 to 1900. Economists actually call it the Long Depression. That was before the Great Depression. The Great Depression lasted from 1929 to 1940, so that was quite long.”

Later in the interview, elaborating on sections from his new book “The Death of Money,” Rickards reveals 5 catalysts, or flashpoints, that will inevitably set America and the rest of the world into extended economic turmoil.

Widely valued as an authority on U.S. economics, Rickards exposes the most important issues plaguing our country today.

Fact after fact, Jim Rickards builds an airtight case on how the actions of the U.S. Federal Reserve and the International Monetary Fund will cause a coming 25-year depression.

Money Morning believes the above interview with Jim Rickards to be one of the most important presentations to watch today. His book is a must-read for every American. So we’re offering the public immediate access to this exclusive interview and a copy of Rickards’ book, “The Death of Money,” absolutely free.

Click the link below to find out more about the coming economic depression and have a copy of “The Death of Money” rushed to you at no cost.

The Illusion of Bank Deposit Insurance

bank deposit illusion

London banker pleads guilty to fixing Libor, faces up to 10 yrs in jail

Published time: October 07, 2014 15:43
Reuters / Luke MacGregor

Reuters / Luke MacGregor

A senior London banker has become the first person to be prosecuted for fixing the London interbank offered rate (Libor), a scandal that resulted in billions worth of losses for savers as banks fraudulently boosted their profits.

The banker, who has not been named for legal reasons, faces up to 10 years in jail after being charged with fixing the inter-lending rate by the Serious Fraud Office (SFO).

The banker pleaded guilty to “conspiracy to defraud” by manipulating the rate at Southwark Crown Court on 3rd October.

“A senior banker from a leading British bank pleaded guilty at Southwark Crown Court on 3 October 2014 to conspiracy to defraud in connection with manipulating Libor,” the court said in a statement.

“This arises out of the Serious Fraud Office investigations into Libor fixing.”

The banker is the first person in Britain to be found guilty following the Libor scandal in 2012, in which the SFO discovered evidence of rigging the benchmark interest rate.

According to the SFO, between 2005 and 2008, traders working for several major banks including Barclays were asked to submit Libor positions that would put the bank in a favourable position, as well as other illegal activity such as colluding with other banks to manipulate the overall rate.

Other banks implicated in the scandal include the Royal Bank of Scotland (RBS), Deutsche Bank (DB), Credit Suisse (CS), JP Morgan (JPM) and Citigroup.

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