Important! Starting Monday, June 13, 2011, the Paul Drockton Radio Program will Start at 2 PM Pacific, 3 Mountain, 4 Central, 5 Eastern and run for two full hours on Renseradio.com (Click on the Windows Media Player to listen)
"Insurance on the debt of several major European banks has now hit historic levels, higher even than those recorded during financial crisis caused by the US financial group's implosion nearly three years ago.
Credit default swaps on the bonds of Royal Bank of Scotland, BNP Paribas, Deutsche Bank and Intesa Sanpaolo, among others, flashed warning signals on Wednesday. Credit default swaps (CDS) on RBS were trading at 343.54 basis points, meaning the annual cost to insure £10m of the state-backed lender's bonds against default is now £343,540.
The cost of insuring RBS bonds is now higher than before the taxpayer was forced to step in and rescue the bank in October 2008, and shows the recent dramatic downturn in sentiment among credit investors towards banks.
"The problem is a shortage of liquidity – that is what is causing the problems with the banks. It feels exactly as it felt in 2008," said one senior London-based bank executive.
"I think we are heading for a market shock in September or October that will match anything we have ever seen before," said a senior credit banker at a major European bank." (Source)
As my readers and listeners know, I predicted the current crash back in January, and a major one this fall. It will be a Global fiunancial collapse and the root cause will be Hedge Funds, Derivatives and Credit Swaps. In fact, there are an estimated 1,000 trillion dollars in toxic debts still outstanding.
Hedge Funds and Banks created this toxic debt to replace real assets in your investment portfolio. As a result, not only will your stocks and bonds collapse, so will your insurance companies, banks, Pension Plans and other dollar denominated assets. This opens the door for my predictions about gold and silver to also achieve fruition.
The Satanic Psychopaths want to replace private transactions (money):
1. Cash allows for a Black Market and permits financial transactions outside the auspices of government monitoring.
2. The Illuminati have state dpublicly that they desire to reduce the world's population by as much as 90%. This would leave them with a managable Slave:Psycho ratio.
3. The slaves they desire will also be subjected to Mind Control. The CIA and other intelligence agencies have been perfecting their techniques since they imported NAZI experts during "Operation Paperclip".
4. Think of Viet-Nam POW Camps.
5. First comes the Chaos, then comes the Order. Expect World War III to break out very, very soon. This will mean "Total War", and will involve the use of chemical, biological, nuclear and conventional war waged against the civilian populations of this world.
6. Also expect Famine and Starvation to follow the economic collapse. This will be followed by Riots and Martial Law.
I fully expect the Illuminati to comply with the demands I was told to present them before the above events take place. The Mormon Church has been looted of any and all valuable assets and, according to plan, will be unable to meet the Welfare needs of its membership as the world falls apart. It will become a major liability and they need a "scapegoat". What better scapegoat than a true Servant of God? Its a win-win for them. They slink into the shadows with their plunder and God takes the blame when the bill comes due.
The losses they and their organization are now suffering due to freak accidents and natural disasters will continue to increase until they surrender the State of Utah and agree to the other terms I presented to them. More Hurricanes, more earthquakes, all targeting them and their political/financial leadership.
I hope they continue to "hold out" until God wipes every last one of them off the face of this earth, but, sadly, not even they are that stupid. They will be permitted to govern over their slaves, and God will govern over His Servants, through a Republic that actually follows the Constitution and Bill of Rights.