ISDA to Decide if 5 Major US Banks Go Bankrupt This Week

Except for the fact that it feels like we’ve been here before, this looks very much like it’s time to have some cash, a full tank of gas, prescription drugs, and food on hand. We’ve been expecting something like this; the money has been cut off, so I doubt there will be any ‘fixing’ of this situation until things are shut down and given the opportunity to start up again properly.

I’m publishing two articles on this topic, so study them carefully. Can they continue to kick the can down the road? Maybe. Maybe not. This entire situation has been so bizarre, it’s hard to know what to think. Instead, I suggest you prepare – just in case. ~J

The Intel Hub
Corey Sturmer
January 31, 2012

Corroborating with mainstream media articles, Benjamin Fulford, and the general trend I alluded to in my article “2012: The fall of the US Dollar Hegemony,” Jim Sinclair gives an interview with Martin Ellis which states 5 major US financial institutions will go bankrupt this week.

To set this up, first read what Benjamin Fulford stated December 20th, 2011:

Some very big banks have certainly lost more money than exists in the real world.

Every year January is a month for settlements of accounts among major banking players. January of 2012 is going to be a very interesting month.

The talk is that Citibank, J.P. Morgan and Bank of America are among the doomed entities. Then of course there is the universal disgust at Goldman Sachs that is not going to go away quietly.

Taken together with a sky-rocketing debt ceilinga failing Eurozone, and increasing awareness of the fraudulence perpetrated by fiat paper dollars and you have the perfect storm for a MAJOR credit event.

According to Jim Sinclair, there is an absolute media blackout on this issue making this a must-listen interview:

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18 Responses to ISDA to Decide if 5 Major US Banks Go Bankrupt This Week

  1. Pingback: SaS – OP-Ed – When Will The Good Guys Appear? – 18 May 2012 | Lucas 2012 Infos

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  3. Yoda says:

    Kudos! – for the real truth. Bad times are continuing our way.

    http://www.magnifiedview.com/2011/10/18/occupying-wall-street-style-uprisings-and-the-arab-spring-revolutions/

    Cordially, Yoda@magnifiedview.com

    P.S. “May you live in interesting times.” Ancient Chinese curse.

  4. Mark Brander says:

    Read The Obama Prophecies at PropheciesOrg , going broke is the least of your problems!
    Three different prophets were given identical warnings about him!

  5. Rockerchic4God says:

    No way will they allow BOA or any other TBTF to go down before the election. They can continue to extend-and-pretend through year’s end via the Fed creating electronic digits and keeping the big boys afloat with QE increased exponentially. Hyperinflation is not happening because the money being created is being squirreled away amongst the banksters and their proxy criminal schemes and not being funneled out into the real economy. However, the slo-mo train wreck will continue as businesses and companies go belly up with the stubborn unemployment situation and cash-strapped people curtail spending. When the derailment becomes imminent, we’ll be taken to war to mask it. At that point, all bets are off.

    • Jean says:

      One more time, I feel called upon to state that no matter how definite you are that you speak ‘fact’, what you are expressing is merely your opinion, which you are entitled to have. You are thinking, then, that ‘they’ still have enough power on this planet to do as ‘they’ wish? I’m not so sure about that anymore. 120 nations have lined up against them . . . . think about it. Hugs, ~Jean

  6. townes says:

    It was fraud by the EU banking derivatives they sold them. They were designed to fail, thus dropping control into the bankers hands. A well planned Ponzi Scheme, the biggest one yet.
    I liked the way Iceland responded to such a threat, They tried the same thing there and now here they simply enforced the laws, jailed the bankers and told the EU to leave town.

    • Jean says:

      We should all behave the way Iceland did! Wouldn’t that be just grand! It seems, though, that the politicians have sold their souls, and it looks like they will take their countries down with them. Hugs, ~Jean

  7. Disciple says:

    No is the time to repent and believe the Gospel of Jesus Christ. Turn to Jesus and ask Him to save you. Only Jesus can save souls. Trust in Him.

    • Jean says:

      This is your opinion, and you are welcome to express it here. I’m sorry that I don’t agree with you – what we’re finding out is that our religions are also part of the lie. Rather than get irate with me, please hold your fire and just watch – and see what happens. Jesus came to establish love on earth, and what we did to his teachings is obvious in the wars over religion we have fought. I’m sorry, but I don’t see how it is possible to have a god of both love and hate. Hugs, ~Jean

      • Tyson says:

        “religions are also part of the lie”. Exactly, that is the difference between a true relationship with Jesus Christ and a religion of Jesus Christ. The religious version is no different than tyranny with moral codes of control and judgementalism. A relationship with the one who died for your sins as a free gift. It is the most liberating and free feeling a person will ever have. Don’t mix the two and don’t blame the God Almighty for man’s perversion of His relationship with man.

      • Disciple says:

        Because He is so loving He died for all mankind on the cross of Calvary, to pay a sin-debt none of us could pay. Only by His blood are we redeemed. Trust me, once you become a born-again new creature in Christ you have the assurance that all the horrors to come will be but a passing thing. It’s not a “guess-so” salvation.

        Because He is SO holy righteous, something none of us are, He must not let evil and sin into His presence. You MUST be born-again, the Lord Jesus’ own words. If He did not punish sin He wouldn’t be holy and just. You must repent and believe, there is no “get-out-of-jail-free” card for doing anything that breaks His law. That why the cross of Christ is so loving and important. A free-gift of salvation! That’s how much Jesus Christ loves you.

      • stokedman says:

        And that is your opinion Jean! I don’t think Disciple was referring to religion. It appears you had a very bad experience with religion that has affected you belief in the Master of the Universe. I am sincerely sorry that religion distorted you ability to see the Creator who has revealed Himself in Scripture and His creation. Your belief or mine doesn’t change facts.
        Hugs,
        Stokedman

  8. Tina says:

    It appears that the ISDA has only so much room to work with. They can probably wave their magic wand and extend this banking fiasco for XX amount of time (through quantitative easing and printing money and declaring Greece not in default even at 30%), but combine this with all the other news we are hearing, and I don’t think that will happen. Like Jim said, when it gets to 0%, you can’t cover it up anymore. At that point, it is the shot that will be heard around the world.

  9. Soo Kiat, Tan says:

    I think by hood or by crook, the agencies will not let any bank go into insolvency, may be except BOA which can be sold for some premium. After all, QE3 is in process and I don’t think there is problem of printing whatever amount the agencies deem fit. And if the BOA CEO kow-tow to Tim, he may spare BoA after all closing any bank now is no benefit to Obama or Tim.

    • Stunned at sunset says:

      Tan, I’m just suggesting this as part of the dialog. I don’t want you to get the impression that I’m being combative. Your point is well-taken but I don’t think that these five major banks will survive. For one thing, they’re too heavily invested in derivatives on foreign sovereign debt, in particular, Greece which, with only 11 Million people, is patently incapable of paying off the debt that these international banks created for them. Quantitative easing will not improve the U.S. Dollar’s standing in the world as it is now obvious that we are losing our reserve currency status what with Russia, China, India, Turkey, and Brazil now trading gold in their bilateral trade agreements.

      The other thing that makes their survival questionable is that International Traders are only accepting U.S. Dollars printed before 2008. This has been confirmed by even the tourists coming back from their vacations complaining that they were not able to exchange their dollars over seas. It might not be happening every where but its happening. If a bank is heavily invested in international sovereign debt and they can’t use their free “funny money” to pay their derivative notes off, how are they going to address their promises? As nations default, these derivatives (which are insurance policies against such an event) will have to be paid. If your money isn’t any good, and you don’t have the “kind” of money that other nations are starting to use, how are you going to pay these derivatives off?

      If you can’t pay your derivatives off, how do you maintain your “Triple A” rating? If you can’t maintain your Triple A rating, how do you attract more unwary investors to help you fund your Ponzi scheme? See what I mean? Geithner can run the presses all day long and stuff these banks with money until they burst. However, if international financiers won’t accept that money as payment, what good is the QE? Their just driving up the price of precious metals which always reflect the inflationary trends of the fiat money supply.
      :o

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