HSBC WARNS: The world economy faces a 'titanic problem'

Yes, that's right --> HSBC, the same bank that recently has been limiting cash withdrawals is now warning of a financial recession/meltdown.

Business Insider, article - May 13, 2015

most recent ATS thread, Jan 2014 (re: HSBC limiting cash withdraws)

At any rate, the economic indicators continue to slowly build:
1. PPI dropping
2. Oil prices dropping (arguably being manipulated)
3. stagnant wages
4. stagnant purchasing power
5. rock bottom interest rates
6. ever widening wealth gap with the world's richest 1% soon to be holding 50%+ of the world's wealth
...among other things

For me, Sept/Oct 2015 is going to be the beginning of a cycle that transpires over the next 2-3 years. I view the economy through two windows - economics and astrology. Now to some that may not make sense, but keep in mind that astrology is merely another data set (albeit a data set that many argue is hocus pocus). Regardless, patterns are presenting themselves.

According to astrology we are moving into troubling times that are not merely economic related and I've said this on the forum several times. I can only hope that I am wrong because using the astrological data set I fear we are looking at a societal combination somewhere close to Great Depression + Revolutionary War.

At any rate, I hope this sparks a good discussion.
Cheers!

a reply to: WCmutant

It is because a central bank fiat currency economy is designed to unravel itself at some point.

It can't be sustained.

The longer it goes on the greater the debt will be.

There is no other possible outcome.

I say audit the fed, liquidate all its assets and those of its secret shareholders, and relaunch precious metals backed currency.

Just my $0.02

a reply to: WCmutant

This is all I've got to say.

originally posted by: TechniXcality
a reply to: WCmutant

This is all I've got to say.

"I can skin a buck, I can run a trot line"

No really my old man made sure I knew how to live off the land!!

Thanks daddy!!!

a reply to: WCmutant
Why the masses, including ISIS, don't take the Banker Scum out is beyond me.

a reply to: WCmutant

LOL - That's gold coming from Ol' Dodgy dealings HSBC

Yeeeaaaah, let me tell you what's titanically wrong with the world.

1. Bankster and/or elite bloodlines
2. Military / Industrial complex created by #1
3. Politicians pwned by #1
4. Forked tongue Lawyers paid by #1
5. All the worlds MSM propaganda mouthpieces owned by #1
6. Corporate Oligarchies created and owned by #1.
7. US shadow government, muppet POTUS, Congress and Alphabet agencies whipped by #1 to ensure #2 continues with the agenda.
8. The United States Federal Reserve.
9. The fact that the vast majority of the planets citizens live pay-cheque to pay-cheque and are convinced the government is created to assist and help average Joe.

I believe if there was a collapse or even a recession of the American economy in the next coming months, that the citizens would be outraged at the banking system. Thus the banks and the banksters would be in the crosshairs of all citizens.

That is why I think we should keep an eye out for an "event" or "false flag" that could be used to put blame for the crumbling of our economy.

a reply to: Sublimecraft

HSBC only has 4.32 trillion dollars derivative exposure thats' only 4 320 000 000 000 what could possibly go wrong?

originally posted by: Sublimecraft
a reply to: WCmutant

LOL - That's gold coming from Ol' Dodgy dealings HSBC

Yeeeaaaah, let me tell you what's titanically wrong with the world.

1. Bankster and/or elite bloodlines
2. Military / Industrial complex created by #1
3. Politicians pwned by #1
4. Forked tongue Lawyers paid by #1
5. All the worlds MSM propaganda mouthpieces owned by #1
6. Corporate Oligarchies created and owned by #1.
7. US shadow government, muppet POTUS, Congress and Alphabet agencies whipped by #1 to ensure #2 continues with the agenda.
8. The United States Federal Reserve.
9. The fact that the vast majority of the planets citizens live pay-cheque to pay-cheque and are convinced the government is created to assist and help average Joe.

That pretty much sums up all my thoughts on this subject.

originally posted by: ugmold
a reply to: WCmutant
Why the masses, including ISIS, don't take the Banker Scum out is beyond me.

The non-violent way to do that is join the Bitcoin economy.

a reply to: WCmutant

The big question then is "HOW LONG DO WE HAVE"

But the people with the most to lose are going to be scrambling to keep this b.s. house of cards standing as long as possible.

It's sickening they have let this go on as long as it has. It's definitely time for a wake up call Mr. Monopoly (ya jerk!)

HSBC is only whinging because they can't...rather daren't, launder drug money and illicit cash any more. Before they were catched they were top of the heap.

a reply to: TechniXcality

that's my song, i post it in all the threads like this.

a reply to: smurfy

1.9 billion fine for laundering drug money 3.4 billion for forex rigging other fines for tax evasion etc etc and not one knob in prison, meanwhile police shoot a homeless man 43 times over a stolen cup of coffee...

a reply to: hounddoghowlie

Good tune, and good taste here's another that fits nicely. These threads wouldn't be so crappy if the didn't have the star wars empire strikes back sound track. Lets try this instead.

a reply to: johnwick

best verse is,
i'd like to spit some beach nut in that dude's eyes
and shoot him with my old forty five
cause a country boy can survive
country folks can survive

Because you can't starve us out and you can't make us run
Cause we're them ole boys raised on shotguns
We say grace and we say mamm if you ain't in to that we don't give a damn

my pop made sure i could shoot.

And what was the first thing HBC cites as a potential cause of the next super-recession? Increasing wages. As long as the masses stay at stagnant wages while prices for everything rise around them and shareholder value increases everything is good with the world. I have to agree with ugmold.

originally posted by: imnotanother
I believe if there was a collapse or even a recession of the American economy in the next coming months, that the citizens would be outraged at the banking system. Thus the banks and the banksters would be in the crosshairs of all citizens.

That is why I think we should keep an eye out for an "event" or "false flag" that could be used to put blame for the crumbling of our economy.

Could be repeat of Sept 2008 - remember that?

On Sunday, September 14, it was announced that Lehman Brothers would file for bankruptcy after the Federal Reserve Bank declined to participate in creating a financial support facility for Lehman Brothers. We know what followed, but what I wish to point out is the political landscape at the time (and new POTUS was waiting in the wings).

The Emergency Economic Stabilization Act of 2008 (October 3, 2008), commonly referred to as a bailout of the U.S. financial system, is a law enacted in response to the subprime mortgage crisis authorizing the United States Secretary of the Treasury to spend up to $700 billion to purchase distressed assets, especially mortgage-backed securities, and supply cash directly to banks.

If we get hit with another major financial distribution (just before the election this year), it will be a repeat of what happen just before Obama took office. Is this a case of happen stance or planned stage-craft?

Some might call it a big coincidence.

Right after the banker bail out, the Obama-Biden transition team was staffed by veterans of the Clinton administration. This time it will likely be Jeb Bush who maintains the continuity of government... picking up where his bother left off (he has already staffed the same old advisers)... Conversely, if Hilary wins, she will certainly maintain Obama domestic agenda. Either way, in terms of foreign policy, no real change.

It seems this coming crisis is planned (and timed) like the previous one.
Last time Secretary of the Treasury Henry Paulson got a blank
check for $700 billion, what will it be this time?

a reply to: TechniXcality

this is the one i like best by charlie daniels


or uneasy rider, well maybe



[size=4]Damn i loved being long haired redneck

a reply to: TechniXcality

I got one for ya.

Burn your Money by Mojo Nixon