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I realise this is skating into the political, but this isn't meant to be an attack on the left or the right - it's simply meant to be a heads up for people not in the know. If people choose to ignore this, then it's their call, but I'd rather have said nothing and have people ignore it, than keep quiet when people would have wanted to know and have them suffer because of it.

I'm sure everyone here is aware of the US Government shutdown but people might not be aware of not only how bad the situation has gotten but the fact that even if the US sorts out its issues, the world is in for a financial crash in the very near future.

I'm not sure of how many people here have heard of things like Mortgage backed securities and derivatives debts, but essentially they're the banking world's answer to gambling. Essentially you buy a debt with the intention being that you get a win when it's paid back with interest, but if it's not paid back, then you lose out.

Just one problem- there are now more derivatives debts in the world than there is money to pay them off. To draw an analogy with a gambler in debt, the car has been sold off, the house has been lost and now the kids are about to be sold into slavery. That's why the terms "fiscal cliff", "debt ceiling" and "quatatative easing" have been flying around, where the situation is coming to a head and as of the past year, the US has staved it off by simply turning on the printing presses- quite literally printing off tens of million of dollars a month - which of course does a massive number on inflation.

The problem is if the US defaults then the whole thing unravels. If it doesn't, then in the coming months the whle system will unravel. While when it does unravel, the share market will go th way it did during the crash of the 20s; bank accounts are just as at risk.

The FSB, founded by the G20 and driven by the Bank of International Settlements (the central bank of all central banks), has been trying to implement "bail-in", which unlike with "bail-out" where the government props up the banks; the banks are put through bankrupcy- whereby not only their assets but those of "unsecured creditors" [ie people with bank accounts -in this case the bank account itself] are frozen, converted to shares and then creditors are paid off in order, with the average account holder at the bootom of the list. This is what happened in countries such as Cyprus and Spain.

In Australia for example, legislation for this is currently sitting in treasury, ready to be introduced in the next big crisis and the FSB are trying to implement this solution globally.

I'm bringing this up, because if the US defaults, this could all come to a head within the next month. If it doesn't then it's likely to in the next year.

To protect ourselves, my fiance and I have put all our money into gold and silver as it's generally a pretty safe option, although other people who take this seriously might look at other options.

How people use this is upto them, as is whether they take heed or ignore it. As I said at the start of this though, I wouldn't feel right if I didn't give you guys a heads up.

Best post ever.

If you choose to respond with mockery, then that is your choice. However when this does hit, and the system is that broken that it's only a matter off when (the fact is that the GFC of 2008 never actually ended) - you've been forewarned, so my conscience is clear here.

Bowspearer wrote:If you choose to respond with mockery, then that is your choice. However when this does hit, and the system is that broken that it's only a matter off when (the fact is that the GFC of 2008 never actually ended) - you've been forewarned, so my conscience is clear here.

Blast Cannon's just blasting his cannon, its his namesake. I appreciate people giving this thought and warning others with informative posts though. Its definitely razors edge right now...

But maybe you should back up your OP wth links to informative sites and posts that explain things more so people don't just resort to mockery out of nothing but pure skepticism and self assurance? You should have seen my Paranormal thread. Blast Cannon up there caught a ghost!

BeastProwl wrote:

Bowspearer wrote:If you choose to respond with mockery, then that is your choice. However when this does hit, and the system is that broken that it's only a matter off when (the fact is that the GFC of 2008 never actually ended) - you've been forewarned, so my conscience is clear here.

Blast Cannon's just blasting his cannon, its his namesake. I appreciate people giving this thought and warning others with informative posts though. Its definitely razors edge right now...

But maybe you should back up your OP wth links to informative sites and posts that explain things more so people don't just resort to mockery out of nothing but pure skepticism and self assurance? You should have seen my Paranormal thread. Blast Cannon up there caught a ghost!

Cheers for that. I'm happy to provide links. The CEC, a minor party here in Australia linked with the LaRouche movement have been covering it, so to avoid the whole "tinfoil hat" thing, I was hoping to avoid links to evidence in case people decided they weren't even going to look at the evidence because of preconceived notions they might have about who found it.

However that said, the evidence is fairly solid, especially when you look at what happened in Detroit for example, which was an example of "bail-in".

There are several documents that prove that bail in is either in motion or already implemented in several countries.

Before I walk people through it though, I thought this snapshot of Australia's big 4 banks as of their 2012 Annual reports (classed as "to big to [be allowed to] fail"):



Remember that Australia is supposedly one of the best banking systems in the world and even if you factor in deposits from customers, the big 4 have debts ranging between more than doubl their holding, to roughly 4 times their holdings. The only exception being the CBA, who stopped disclosing their derivatives exposure after their 2011 Annual report.

That's supposedly "one of the healthiest banking systems in the world". Then again, holding 20 trillion dollars' worth of the world's 1.4 quadrillion dollars' worth of derivatives debts is relatively healthy - using the term incredibly loosely.

The most straightforward way to go would be to link people to this page as there's a slideshow showing excerpts from 6 official documents (they largely pertain to Australia, but there are others which make it clear that the agenda is very much global.

To go through the documents; the first one listed is from the Financial Stability Board [FSB] entitled "Understanding Financial Linkages: A Common Data Template for Globally Important Systemic Banks" dated October 6, 2011.

It lists the following countries as having banks which are systemically important, or "to big to [be allowed to] fail": Argentina, Australia, Austria, Belgium, Brazil, Canada, Cayman Islands, China, France, Germany, Hong Kong SAR, Indonesia, Italy, India, Ireland, Japan, Luxembourg, Mexico, the Netherlands, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Turkey, the UK and the USA.

It should stand to reason that if you have a financial institution that is globally of systemic importance which fails, you have a crisis on your hands.

I bring this up because it's worth jumping to the 6th document here also from the FSB, entitled "Implementing the FSB Key Attributes of Effective Resolution Regimes - how far have we come?"

Under subpoint 1, entitled "Completing the resolution toolbox for banks" it laments that in a [economic] crisis, the banks do not have absolute powers to enact the Key Attributes, which it uses the term "bail-in" to describe and mentions that the process is one of converting assets (which although it doesn't mention it, includes the accounts of bank customers [technically classed as "unsecured creditors"]) and liabilities into equity [shares]. It also mentions that Australia, Brazil, the EU, France, Germany, Indonesia, Singapore and South Africa have legislation "in-train" (meaning it is written up and just waiting to be introduced into parliament/congress).

One notable exception in that list was the USA and with good reason, it was dated April 15, 2013, meaning that mentioning the USA would have been redundant. In fact the USA leglised bail in back in 2010 with the Frank Dodd Act. A quick Google search for some kind of reference turned up this page.

The rest of the documents listed, which include documents from the IMF, The Australian Treasury Department and The Australian Financial Markets Association, all specifically refer to Australia. They're critical reading for any Australian, but they're probably also of interest to people of other countries for an example of how the process can play out. Remember that the Australian mainstream media has been completely silent on this agenda to my knowedge.

If you want evidence of how it plays out, take a good look at Detroit, which in addition to having its entire society thrown back into a quassi-dark age, is now quite literally a fascist state, ruled by a banking dictator. It's worth bringing this up, because schools, hospitals and even some local governments all use bank accounts and could quite easily be bankrupted through their liquid assetts being frozen or confiscated in a bail-in.

Hopefully this gives people looking for info something more solid to go on and a point of reference if they want to investigate further themselves.

Will I want to kill myself?

BeastProwl wrote:You should have seen my Paranormal thread. Blast Cannon up there caught a ghost!

I provided you with hard evidence of paranormal activity and I got some freaky bloke wittering on about Ancient Greek references to demons, what did you expect!?

Incredibly cynical about the content of this thread. There is simply too much capital in the global market to allow this to happen. You're pissing into the wind, my friend. Capitalism has already won.

Oh god I love Blast Cannon's posts so much, you should post more often.


Thanks for the warning, but I've been listening and reading the news and have a pretty good grasp of what's going on.

However, gold and silver might not be the best investment at the moment, the only reason their prices are so high and stable is because people like them, and well people like Glenn Beck have been scaring people into buying it for a while now to survive the "coming apocalypse". Thing is though, it the worst actually does happen, gold will be worthless.

When the system crashes, the best investment to have is land, food, ammo (if you live in a country that allows you to hold firearms and stockpile ammo), and simple commodity goods that are hard to make yourself (light bulbs for instance).

Gold will only really help if the current system survives the way it is now, otherwise it will just be slobs or coins of shiny metal that won't guy you much. Sure the prices for it will likely go back up in future once everything is stable again, but by then you'll likely have pawned it all for a few cans of food.

And these "experts" have pretty much been claiming the total collapse of the system for months, always stating "it'll take just a few more weeks".


So yes, it's not going to happen.

Dead Metal wrote:And these "experts" have pretty much been claiming the total collapse of the system for months, always stating "it'll take just a few more weeks".


So yes, it's not going to happen.

Actually the only thing currently keeping it going is the US' decision to keep QE in play. The moment they taper it, the entire thing implodes; the longer they continue tapering, the bigger the hyper-inflationary crash when they reach a point where they no longer can.

Also I wasn't necessarily saying people automatically go with gold and silver- just that when the crash happens, (at this point, unless something like Glass-Steagall is reinstated it's simply a matter of when) that money in banks is about as safe as it has been in Cyprus. Physical currency might also suffer from a currency change.

Anyway, I've given people a heads up and so as far as I'm concerned, my conscience is clear here. How people choose to use this knowledge (or whether they even choose to do so at all for that matter) is entirely upto them.

Why would you even need a clear conscience about this? Whatever the immediate future holds- I promise I won't come looking for you.

RhA wrote:Why would you even need a clear conscience about this? Whatever the immediate future holds- I promise I won't come looking for you.

You might want his gold.
But we both know you're too scared to step foot in Australia.

RhA wrote:Why would you even need a clear conscience about this? Whatever the immediate future holds- I promise I won't come looking for you.

It was a figure of speech. In a nutshell if it all goes to hell in a handbasket ( and at this point that seems to be more a case of when than if) it'd be a bit of a dick move on my part to not give people a heads up- especially as the mainstream media has been silent on this.

As I said, at this point I've put what I know out there and in terms of giving people a heads up have done all I can here. If people here choose to ignore it and wind up getting burned because of it, at least I tried.

Get your tinfoil hats on.





Seriously though, guy. Thanks so much for the advice. Based on your post, read on a Transformers message board, I am now going to withdraw all my money and savings from my bank accounts, instead investing it all in gold and silver reserves. Your conscience is clear.

By the way, trust nobody in your life called Judas.

Any information is better than no information. It all depends on if a person has the proper mental facilities to separate useful stuff from the garbage. Bowspearer, thank you for your efforts. I don't keep much money in the bank anyway, and I am stocked on canned goods and non-perishables, though not to the extent some of the Y2K morons went to 14 years ago. Just stuff I would have anyways, maybe a little more. I will stay away from investing though, in any form. I always found the stock market to be much like gambling. And I don't have the proper education for it anyway, but that's my fault.

Rodimus Prime wrote:Any information is better than no information. It all depends on if a person has the proper mental facilities to separate useful stuff from the garbage. Bowspearer, thank you for your efforts. I don't keep much money in the bank anyway, and I am stocked on canned goods and non-perishables, though not to the extent some of the Y2K morons went to 14 years ago. Just stuff I would have anyways, maybe a little more. I will stay away from investing though, in any form. I always found the stock market to be much like gambling. And I don't have the proper education for it anyway, but that's my fault.

No probs. Unlike some trolls in this thread just trolling for the sake of it, I just figure that since the crash is a case of "when" rather than "if" (ie how long can a gambling addict keep finding money until they have to pay the piper), since the evidence of "bail-in" reform is out there and since we've seen the effects of both what the type of economic strife a bail-in can cause at the government level with Detroit and in terms of people and business with Iceland, Cyprus and Spain- I figured it was worth letting people know that this nasty little surprise can be sprung on us, so we can all be aware of it and take what measures we feel are appropriate in the event of it popping up - especially when there's a likelihood that it might hit in just over a week.

Bowspearer wrote:

Rodimus Prime wrote:Any information is better than no information. It all depends on if a person has the proper mental facilities to separate useful stuff from the garbage. Bowspearer, thank you for your efforts. I don't keep much money in the bank anyway, and I am stocked on canned goods and non-perishables, though not to the extent some of the Y2K morons went to 14 years ago. Just stuff I would have anyways, maybe a little more. I will stay away from investing though, in any form. I always found the stock market to be much like gambling. And I don't have the proper education for it anyway, but that's my fault.

No probs. Unlike some trolls in this thread just trolling for the sake of it, I just figure that since the crash is a case of "when" rather than "if" (ie how long can a gambling addict keep finding money until they have to pay the piper), since the evidence of "bail-in" reform is out there and since we've seen the effects of both what the type of economic strife a bail-in can cause at the government level with Detroit and in terms of people and business with Iceland, Cyprus and Spain- I figured it was worth letting people know that this nasty little surprise can be sprung on us, so we can all be aware of it and take what measures we feel are appropriate in the event of it popping up - especially when there's a likelihood that it might hit in just over a week.

Well according to a post in this thread my whimsical observations are appreciated which would suggest that I provide a public service, far from being "trolling for the sake of it."

You're just pissed because the thread hasn't descended into a sycophantic love-in where we all bow down to your foresight and intellectual prowess.

Actually, I'm ambivalent to your mockery. I've done exactly what I set out to here, which is give people a heads up on what I know (especially when as things stand, there's a good chance that in the next week we could see this very situation come into effect at least in the US) - backing it up with referenced info when asked for it.

What they do with that info is upto them. Whenever people are presented with this type of thing, some will investigate further, some will openly accept it, some will reject it, and others still will outright mock it - that's simply human nature. However should things lead to a situation where taking heed of that info was beneficial and ignoring it was detrimental; noone can say they weren't given a heads up.

The fact that you instead chose to make this about ego Blast Cannon, as demonstrated by the following:

Blast Cannon wrote:You're just pissed because the thread hasn't descended into a sycophantic love-in where we all bow down to your foresight and intellectual prowess.

is highly telling.

Please note: I didnt say I enjoy Blast Cannon's posting what he's posting, but rather that Blast Cannon will be Blast Cannon.
Carrying on...

I just got a second job (yay!) in the produce business (family owned) so if **** hits fan, food's no issue IMO.

Bowspearer wrote:Actually, I'm ambivalent to your mockery. I've done exactly what I set out to here, which is give people a heads up on what I know (especially when as things stand, there's a good chance that in the next week we could see this very situation come into effect at least in the US) - backing it up with referenced info when asked for it.

What they do with that info is upto them. Whenever people are presented with this type of thing, some will investigate further, some will openly accept it, some will reject it, and others still will outright mock it - that's simply human nature. However should things lead to a situation where taking heed of that info was beneficial and ignoring it was detrimental; noone can say they weren't given a heads up.

The fact that you instead chose to make this about ego Blast Cannon, as demonstrated by the following:

Blast Cannon wrote:You're just pissed because the thread hasn't descended into a sycophantic love-in where we all bow down to your foresight and intellectual prowess.

is highly telling.

Of my prodigal ability to expose bull with charming wit? I know, I know.

Well if it all goes tits up within a few months and children are starving on the streets, at least your conscience is clear and you can turn to those around you, pleading to share with your sunday roast dinner, and say:

"What, didn't you read my treatise foretelling this disaster on Seibertron.com? It was all right there for all to see!"

Well, that's if they manage to scale the electrified fence and traverse the miles of grounds, whilst also avoiding the attention of the rabid dogs, to eventually arrive at your isolated manor in this post apocalyptic world!

I'm going to step out of my normal range for a moment and say, in all seriousness, Bowspearer, your advice and posting is very much appreciated. Getting anyone to take such warnings seriously on here is indeed a chore at best and typically impossible on any average day (as you have already experienced).
Part of what makes this task difficult is that many folks are mistakenly secure in the information that they already have, at least those who choose to pursue such information, and many don't question as heavily as they should the reliability of the information. Basic rule of thumb for anything in the United States: If it comes from the mainstream media, it's bullshit! Whether it be about our finances or our government, it's a crock and we are lucky if a 10th of it contains a nugget of truth.

This is the part where folks like Blast Cannon start chiming in with their "tin-foil hat" comments. Ha-ha-ha... yeah, **** you people and your snap judgments!! The news media is a corporation and corporations are out for what? PROFIT! And how do they get that? By airing what their backers tell them to so they continue to get more support. That's just practical, basic economics not "conspiracy theory" b.s. folks so don't even go there with your accusations.

As for the impending collapse, I'm right there with you in that belief, I just don't maintain that it will happen as soon as most "doom & gloom" news reports here are saying (although it WILL happen) but I also don't think for an instant that we are as immune as the average citizen in the U.S. seems to think we are. That would require a level of faith in my government that is absolutely impossible for me to conceive of.

Again, I do appreciate your posting this info on here and sharing with us. Shows a level of concern for ones fellow man that you just don't see these days. I don't know how familiar with any of my posts you might be but others will agree that I am normally somewhat of a real ass on here. Today I don't mind stepping back from that role and being quite sincere in my thanks and in my urging of others to at least give a look at what Bowspearer has posted for us and to apply some critical thinking to the reports you have been hearing about our current economic situation, not just in the United States but also the wide reaching effects of how all of our economies will be impacted by decisions made in the upcoming days and weeks.

Cheers for that. One reason I posted it is because how quickly this Bail-ins are designed to work. The mechanism is designed, ideally, to put a bank through a bankruptcy reorganisation over the course of a weekend and with a shutdown being able to be triggered with absolutely no warning, meaning that when it hits, there's literally no time to act for the vast majority of us. Also I say ideally because apparently with one bank in Cyprus, accounts are still frozen. I figure at least if people have a heads up and use it, they at least have a fighting chance.

Good thing I have no savings then.

EBT and Child Support got shafted today as well. I wonder whats next?

Burn wrote:Good thing I have no savings then.

You're going to wish you had when this invariably hits - and there's evidence of both sides being complicit in it in Australian politics. I don't think you quite grasp the reality of something like this happening. It's not just a case of people having their savings stolen; essential services grind to a halt and people aren't paid wages. These days, every person, every organisation, every business, all have bank accounts. When this hits - and given the high level international push for this to be implemented transnationally, it is very much a "when" rather than an "if" - expect to not be paid wages because your employer's funds that they would have paid you with will have been frozen.

Good thing the company I work for doesn't have much funds then either.