The Phaserl


FEMA Is Beta Testing a Bank Holiday As the Economy Nears Collapse

by Dave Hodges, The Common Sense Show:

The global economy, and in particular, the American economy is in such a state of free-fall, it is difficult to know where to start when describing the overall devastation. Here is a small cross-section of the devastation which will precede some very major political, social and military events which will not doubt accompany the the economic collapse which is well underway.

The Dotcom Bubble

Who will forget “dotcom” bubble in which this investment has lost over half of a trillion dollars since mid 2015? Many have compared it to the housing bubble on 2008-09 in which the bottom fell out of the housing market.

In 2014, Yahoo was one of the top performing stocks. Today, it is down 37%.

dotcom bubble


Plunging Oil Prices

The low oil prices represent a financial risk which is equivalent with the housing bust.  Most recently, experts are seeing the signs of another global financial meltdown which is nudging the global economies to a series of quantitative easing in a new round of forcing taxpayers to support bankers from their own mistakes through the private theft of public assets.

Plunging European Bank Stocks Are Devastating the Banks

Key bank stocks in Europe are trading at levels lower than in the depths of both the global financial crisis (2009) and the European sovereign debt crisis (2012).

euro crisis

Just one week before it wanted to release its financial results, it already issued a profit warning to the markets, and Deutsche Bank’s capitalization has lost in excess of 5B EUR since the profit warning, on top of seeing an additional 18B EUR set of devastating losses since last summer. Deutsche Bank’s trading is now less than 50% of the share price it was trading at in July of 2015. In short, the bottom is falling of the European banks and there is no end in sight to the carnage.


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