The Secret the PTB do not want you to know: World's Banks are BankRUPT

 

EARL NASH                                      

>>>  “ It’s news to YOU ! " <<<        

                                                    

The world's banks are bankrupt and the G-8 leaders will be told "officially" at their summit in November, when the BASEL III World Accountants Group shows them the proof.

Of course the world leaders have known that their banks are insolvent and, once they are told that they have until 2017 to balance the books, they will instruct their MSM lapdogs to not let the peasants find out to avoid a mass panic or, worse, a revolution.

The BASEL III bean counters are charged with creating accounting rules that the whole world (yes, that includes the U.S.) has agreed to obey, but they know that, if they put the new rules into effect this year, none of the world's banks would survive.

"...as of the end of 2009, large banks will need, in the aggregate, a significant amount of additional capital to meet these new requirements.

...it is a no brainer to conclude that the banking crisis (if we are lucky) may be “resolved” by 2015 but it is most likely that it can be only resolved by 2017/2018 .

This is an express admission that all banks would require such a long transition period to comply with the new requirements! 

The stark reality is that the Too Big To Fail Banks do not have the ability and or the means to raise capital at this critical juncture."

[http://www.globalresearch.ca/index.php?context=va&aid=21099]

 
In plain "Cowboy English:"  the banks of the world are in the red and the slightest jolt or public panic, could cause a global financial meltdown.  The BASEL group has concluded that the world's banks need 5-7 years, or so, to get their act together.

But, there are scant signs that the Bansksters are ready to close down the Ponzi Casino, until they have drained the investors, shareholders, home owners, and Main Street depositors of every thing of any value; before the "little people" catch on an start to fight back.

[ED. NOTE: 

No actual banksters were used during the production of the above graphic.]

The BASAL accountants know that the odds the world's banks flushing out trillions of dollars of toxic debt in 5-7 years is as likely as the junkie in the alley going cold turkey.  But allowing that suspension of logic is preferable to telling the stark truth and sending the world into a panic and a global depresson, NOW. 

Those who know the truth, that the world is inexorably headed for a global meltdown, will try to "keep a lid on it," until they can store food, seeds, weapons, and build underground living spaces to wait out the starvation of the rest of the human race.

To attain their long-term goal of population reduction, the PTB are prepared to orchestrate a complete collapse of the global economic system, which will create mass starvation and cause the "little people" to kill each other for the dwindling  resources. 

Read or see "The Road" to see "the end of the road" for the rest of us.

The PTB,  who control the news, are banking on you not finding out about their dirty little secret for as long as possible. 

Now you know.

"So, what are you gonna' do about  it...   

   that's what I'd like to know."                  

                              (GRACELAND album Paul Simon)

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 "THE IRON CLAD CONFIRMATION THAT BANKS ARE IN DEEP SHITS"

by Matthias Chang

http://www.globalresearch.ca/index.php?context=va&aid=21099