Currency exchange - Note: Could this effect the cash-in "bank deals" ... tune in tonight .. Phoenix Rising Radio ...
Related article ..link .. *LIBOR ~ Big Numbers, Big Questions .. What is Libor (inter bank rates) and .. link .. *Manipulating Banksters Get a Slap on the Wrist ... ..and .. link .. *Nine major banks are putting the final touches on so-called “living will” plans that they are due to submit to federal regulators this weekend ... .. and .. link .. ..*The Five Big Banks Draft Plans for Going Out of Business (Big Banks Craft “Living Wills” in Case They Fail) ... .. and, again .. link .. .. *Links ~ Derivatives and Foreclosures Pave The Way To Nationalization?
SWIFT is The Society for Worldwide Interbank Financial Telecommunication. It's one of the largest bank transfer systems in the world.
It isn't a bank, but rather, an industry body that faciliates financial messages and transfers between its members.
It has more than 9,700 members in 209 countries. They exchange an average of more than 16 million messages every single day.
Under international pressure, SWIFT will now block many Iranian banks. It's a move designed to target the country's oil industry.
Related articles .. link .. Lindsey Williams Urgent Update: Derivatives Market On the Verge Of Collapse .. and link .. Remember This .. Derivatives: The $600 Trillion Time Bomb That's Set to Explode (October 2011 article) .. and link .. The Warning Shots Have Begun .. The Warning Shots Have Begun ... .. and .. link .. *Links ~ Derivatives and Foreclosures Pave The Way To Nationalization? .. and .. link .. *Links ~ SWIFT ... .. and .. *Links ~ Dumping The Dollar
May 22, 2012
Lindsey Williams: Four things to watch for to know economic collapse is here
Coast to Coast AM held a special financial crisis show on their May 21st airing of the the radio broadcast. Several economic and financial analysts appeared as guests on the program, with Pastor Lindsey Williams coming onto the show during the fourth hour.
During his hour long interview, Pastor Williams spoke of several new indicators that will signal when the economic collapse is in play, and four particular items to watch for that validate the collapse is being planned by global interests.
Lindsey Williams: They (former executives from the oil companies) told me recently, Chaplain, don't pay any attention to the stock market. The New York stock market... Wall Street, it is not an indication of anything.
The Plunge Protection Team controls it every day.
They said don't pay any attention to the Euro. Even though Spain, Italy, Greece are in Major trouble right now, they said Chaplain, that is not the issue. Don't pay attention to oil prices... if you wait until the stock market crashes, you've lost it.
What to watch for:
In the first portion of his interview, Pastor Williams dedicated his time to focusing on what the media, politicians, and most economic analysts push onto the public as being the sources of financial growth and primary concerns for the economy. In every instance, the assets of choice are stocks, bonds, currencies, and paper products that carry little intrinsic value.
Fed policy since 2008 has been tied solely towards the expansion of each of these areas, as seen from their debt monetization in the bond markets, the pumping of money into the stock markets through QE1 and QE2, and the protection of currencies in last years lowering of dollar swaps.
However, these are not the instruments and markets that will bring about the coming economic collapse. It is derivatives, and the nearly one quadrillion dollar behemoth that most major banks are entrenched in, that will provide the catalyst for this collapse.
Lindsey Williams: Whenever there comes a crack in the derivative market, you will know that the collapse in the financial market is ready to take place.
How can an average person know when a crack comes in the derivative market? There are four items that when you see them take place, you will know the collapse is occurring.
*First, there will be currency wars.
*Second, there will be trade wars.
***Third, there will be an abandonment of the SWIFT system for monetary transfers.
And the last sign to determine the crack in the derivative markets, and the initiation of the economic collapse will be when the Federal Reserve begins to raise interest rates.
What is important to note about each of these indicators is that the first two are already taking place in pockets around the world. China, and other Bric nations are beginning to formulate trade agreements outside of the US dollar, and India recently agreed to use gold instead of the petro-dollar to purchase oil from Iran.
The Fed has maintained its intention to keep interest rates near zero for the next two years, and the ramifications of raising rates now would be devastating to the economy, the dollar, and the U.S..
Any raise in rates would mean it costs more for the government to borrow money, and with nearly $16 trillion in current debt, coupled with one third of it maturing next year, any move by the central bank to raise those rates would collapse the economy overnight.
Pastor Lindsey Williams has a strong track record of economic predictions, many based on information he receives from insiders in the elite and power players in the global economy.
His oil calls of $145 per barrel in 2008, along with the drop to $35 in 2010, validate him as someone with valuable information on where economies are headed, and in this case, when and how the coming collapse will be implemented.
