IMF Senior Advisor Warns: "In The Absence Of A Credible Plan We Will Have A Global Financial Meltdown In Two To Three Weeks"

Runs 4 minutes - Don't skip this.  Hide the kids, this is for real.

BBC Video - Robert Shapiro who advised Presidents Clinton and Obama, and who currently advises the IMF, predicts a cascading meltdown of the global banking system starting with sovereign debt in the Eurozone, affecting the U.K. and then finally bringing most major banks across the globe.

"If they can not address [the financial crisis] in a credible way I believe within perhaps 2 to 3 weeks we will have a meltdown in sovereign debt which will produce a meltdown across the European banking system. We are not just talking about a relatively small Belgian bank, we are talking about the largest banks in the world, the largest banks in Germany, the largest banks in France, that will spread to the United Kingdom, it will spread everywhere because the global financial system is so interconnected. All those banks are counterparties to every significant bank in the United States, and in Britain, and in Japan, and around the world. This would be a crisis that would be in my view more serious than the crisis in 2008.... What we don't know the state of credit default swaps held by banks against sovereign debt and against European banks, nor do we know the state of CDS held by British banks, nor are we certain of how certain the exposure of British banks is to the Ireland sovereign debt problems."

Comments

[Al Kyder]

Let's face it. The Central Bankers, or global 'elite', are running scared. It's obvious, that they are going to engineer an economic 'collapse' (ie, totally fabricate a 'collapse'), so that they can implement their global currency which will allow them to implement their global 'governance' or government. It's ALL SO BORINGLY OBVIOUS, now. Except, that they'll use the police 'dogs' and the military, if necessary, to try to keep as many of us, as possible, in line, and in debt - to them.

[Morton]

Not long ago the US, UK and European leaders were banging the public over the head with something they were calling "Globalisation"

The public were often told that "Globalisation" would be a wonderful panacea for the worlds economic ills and the people who argued against "Globalisation" were considered crazy.

A one world system means one world bank and one group of leaders. It will not work and the people who profess support for Globalisation should be .........
I will not finish that or the men in suits will come round and have a chat.

Just a quick question.
Can the people who were the cheerleaders for "Globalisation" please be held to account? Please?

[Texas Dar]

Well, its like when ya buy a ticket for the Roller-Coster at the State Fair............. Were now standin in line, and our turn is Next.....?