Global systemic crisis – First half of 2012: Decimation of the Western banks

Image: Danilo Rizzuti / FreeDigitalPhotos.net *

“London for over two centuries and New York for nearly a century have both been the two hearts of the international financial system and the lairs par excellence of the world’s major bankers. Any global banking crisis (as any major bank event), therefore, begins and ends in these two cities since the modern global financial system is a vast process of incessant wealth recycling (virtual or real) developed by and for these two cities.

The decimation of the Western banks that begins and will continue in the coming quarters, an event of historic proportions, cannot therefore be understood without first of all measuring and analyzing the role of Wall Street and London in this financial debacle.”  leap2020.eu

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Bankrupt Global Banking System Blowing Apart

Image: David Castillo Dominici / FreeDigitalPhotos.net *

Stock prices of most of the biggest banks in the world
have plunged dramatically
since July 2007.

“Royal Bank of Scotland is down 96%,
Commerzbank is down 94%,
Societe Generale is down 84%,
Intesa Sanpaolo is off 74%,
and Santander is down 37%.
In the U.S.,
Citigroup has fallen 94%,
Bank of America 86%,
Morgan Stanley 78%,
Goldman Sachs 52%,
Morgan Chase 28%,
and Wells Fargo 23%.”

“The financial system is not only eating
nations and populations,
but also eating its own banks,
in a desperate attempt to survive.
” 
LaRouchePac
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Utah’s Utopia? U.S. States Seek to Break Financial Connection with Federal Government

David Castillo Dominici / FreeDigitalPhotos.net *

“the United States is approaching a Constitutional crisis because states are beginning to financially break away from the federal government.  This is no less serious than the American War of Independence or the War Between the States.  The Utah Monetary Declaration (below) is a financial declaration of independence whereby states are beginning to opt out of the Federal Reserve System.  A major confrontation seems inevitable.” Ron Hera, Hera Research  Continue reading