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There is so much chaos going on that I don’t even know where to start.  For a very long time I have been warning my readers that a major banking collapse was coming to Europe, and now it is finally unfolding.  Let’s start with Deutsche Bank.  The stock of the most important bank in the “strongest economy in Europe” plunged another 8 percent on Monday, and it is now hovering just above the all-time record low that was set during the last financial crisis.  Overall, the stock price is now down a staggering 36 percent since 2016 began, and Deutsche Bank credit default swaps are going parabolic.  Of course my readers were alerted to major problems at Deutsche Bank all the way back in September, and now the endgame is playing out.  In addition to Deutsche Bank, the list of other “too big to fail” banks in Europe that appear to be in very serious trouble includes Commerzbank, Credit Suisse, HSBC and BNP Paribas.  Just about every major bank in Italy could fall on that list as well, and Greek bank stocks lost close to a quarter of their value on Monday alone.  Financial Armageddon has come to Europe, and the entire planet is going to feel the pain.

The collapse of the banks in Europe is dragging down stock prices all over the continent.  At this point, more than one-fifth of all stock market wealth in Europe has already been wiped out since the middle of last year.  That means that we only have four-fifths left.

End of quote.

I, too, have been putting out warnings. I know some of my readers continue to see it as just another dip to ride out. In my opinion, it’s not like that. Most of those who lived through the 1930s as adults probably never recovered financially in their lifetimes. The model of “buy and hold” in a broad sense has worked well since the 50’s. Human beings tend to believe the status quo will persist and we are encouraged in that scenario.

Geologists, for the most part, subscribe to the steady state model of things, in which change is gradual, but Graham Hancock shows us in Magicians of the Gods, that there was a dramatic cometary impact on Earth just 13,000 or so years ago that wiped most people off the Earth, leaving the Washington state scablands and a fossilised waterfall 50 times the size of Niagara Falls, created in only 2 weeks, in its wake. As Graham argues, it could happen again, and there is quite a deal of evidence for lesser impacts in more recent times.

We also take the tectonic plate structure to be largely stable. There’s evidence to suggest we may be about to experience a – literally – tectonic shift that could kill 100 million people in the near term, perhaps as soon as the coming Equinox.

Our financial world is no different, and the evidence is it is beginning in earnest. It has been long planned by those who set up and control the financial system. You still have time to act, but not much, in my opinion.

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