Category Archives: financial collapse

Billionaire Worried about Next Financial Collapse

George SorosLast week, news came out that billionaire investor George Soros had sold all his U.S. bank stocks during the first quarter of 2014.

According to SEC filings, Soros has divested himself of his shares of three major American banks, including Bank of America, JP Morgan and Citigroup.

Soros is most famous for shorting the British Pound in 1992 and pocketing a $1 billion profit in a single trade.

And thanks to his connections with powerful people in high places (and his uncanny track record), some believe Soros knows about big financial events before they happen.

Could his recent sale of U.S. bank stocks portend the next financial earthquake?

Clearly, Soros expects things to get worse at some point. In February 2009, he said: “We witnessed the collapse of the financial system… It was placed on life support, and it’s still on life support. There’s no sign that we are anywhere near a bottom.”

Of course, “the bottom” happened on March 9, 2009. The markets have been trending higher ever since.

The question now is… when will the bear market return? And what does Soros know that we don’t?

Oh, and by the way, this is not just about Soros. The smart money appears to running for the exits…

Insider with Connections to “The Elite” Reveals When the Financial Collapse Will Happen

It is fairly clear to me that America is headed for some sort of financial collapse. It is not a question of “if,” but rather “when.”

It is a numeric impossibility to solve a debt crisis by piling on more debt — but that is exactly what the U.S. has done since the first financial shaking began in 2008.

The next financial earthquake will be bigger than the first because the conditions that set up the first one are still present. Not only that, the conditions have reached greater extremes. Therefore, whatever correction is coming must be greater than the first.

Of course, the question everybody is asking is when? When will the financial collapse finally happen? I have no clear answer. I personally did not expect this 4-year dead cat bounce, if it can even be called that anymore.

But even though I have no clear answer, I still try to pay attention to what other people are saying — and why.

The Financial Collapse Is Coming

Lindsey Williams say he knows when the financial collapse will happen.

Meet Lindsey Williams…

Take Lindsey Williams, for example. He’s a guy I’ve been listening to on-and-off since he came onto my radar sometime in 2008. Here are a couple things you need to know about Lindsey Williams:

1. He has connections to “The Elite.” They feed him critical information that he then publicizes when the time is right.

2. He correctly predicted the drop in gas prices following the record high prices we experienced in July 2008. At the time, everybody predicted gas prices to continue their meteoric rise. Williams knew they would fall because his source had told him so. He publicly predicted gas prices would drop — and they did.

Just to refresh your memory, a CNN article from November 2008 reported, “Prices at the pump have dropped […] and are now down 55% from the record-high of $4.114 per gallon reached in mid-July.”

While you may be skeptical of Williams’s claims to have connections to “The Elite,” I tend to trust what he says since I’ve personally witnessed his predictions come to pass.

With that as background, I wanted to share this interview Lindsey Williams did on October 22, 2013. You can click the link to listen to the whole interview if you’d like. It’s about an hour long, and Lindsey’s segment starts at the 5-minute mark.

But to save you some time, I’ve transcribed some of the comments that stood out to me the most.

How “The Elite” Define a Financial Collapse

What is a financial collapse in the thinking of the elite? Now I’m talking about the super wealthy. I’m talking about the people who are the head of the New World Order. I’m talking about those who are behind closed doors plan everything, every president elected, control Congress, and the currencies of the world — what is the definition of a financial collapse with the elite? Here it is: When the banks close and you lose the money you have in that bank.

Now, that’s what happened in 1929. The banks closed and the people lost the money they had in the bank. That’s going to happen again. Believe me. It’s already planned. They know it’s going to happen. But between now and the time that it’s going to happen, this is what you need to do in taking some definite precautions and deciding how you’re going to handle this. Now the banks are going to close. And those who have money in those banks will lose it at the time that it happens.

Williams goes on to say there will be signs leading up to this moment. But he is also careful to explain what is NOT a financial collapse. For example, it is not a financial collapse when the stock market drops 1,000 points. It is not a financial collapse when the currency is devalued through inflation.

When the Financial Collapse Will Happen

You would think that the timing of the financial collapse would be tied to some planned event in the derivatives market, but it is actually connected to Obamacare, which I have already written about extensively. Williams says:

The financial collapse will take place after the Affordable Healthcare bill is fully implemented.

He then relates a conversation he had with a now-deceased Mr. Fromm, a man who gave Williams advance notice of world events for a period of 38 years. In Williams’s words:

[Mr. Fromm] said, ‘This is not a healthcare bill. This is the final straw in the total control of the people of the United States of America. First of all there was the Patriot Act. And then there came the healthcare bill. When the healthcare bill is implemented, we will have total control as the New World Order to do anything basically that the world wants to do.’

Why There Wasn’t an “October Surprise”

Many preppers and investigative bloggers were expecting an “October Surprise” and said as much on their blogs and in emails. This, of course, did not happen. Williams explains why:

October the 1st through the 15th. It was a dog and pony show. Oh, my goodness, the world was going to collapse, we had to raise the debt ceiling, and Congressman fought and fussed and fumed and acted like a bunch of children fighting on a playground yard in the afternoon after being out of school. I have never seen such a dog and pony show in all my life. This took place in Congress between the October 1st and the 15th, [2013], and they knew all the time what they were going to do. They knew the can was going to be pushed down the road. They knew they weren’t going to make a decision whatsoever.

And I’d been told. I wasn’t worried. It didn’t bother me one bit when they said they were going to have a government shutdown because I knew it wasn’t going to happen. And if it did happen, it wouldn’t take place but for just a little while and only a few people would be affected. I’d already been told it was going to be a dog and pony show and anybody who happened to talk with me on the telephone during those days, you knew good and well that it was not going to take place.

Okay, now I want to give you the next one. You remember that back in September, all over the web, nearly every conservative newsletter out there was saying, “October surprise. October surprise. We’re going to have a major event in October. Something horrible is going to happen in October.” Nothing happened in October, except for that dog and pony show, which they already knew what the outcome was going to be.

Do you realize that nothing has happened in the month of October, yet everybody was expecting something? Why didn’t it take place? The Elite are not ready yet. You heard me correctly. The Elite are not ready yet. When is the collapse going to take place? It’s after the Affordable Healthcare bill is fully implemented.

Now just because you think you’ve got a little time left, don’t you dare let up. Whatever you’re doing, you’ve got to do it immediately.

Next Steps…

At this point, I don’t expect any major crisis or event until early 2014. I will probably write more about this as the new year approaches.

For now, I recommend you heed Williams’s advice. Keep doing what you can to prepare. Even better, ask yourself: If I had only 60 days to get ready for a major crisis, what financially responsible things would I do to prepare?

Your answer to that question might provide you with some dazzling insights — and the impetus to take action.

Don’t be scared. Be prepared.
-Survival Joe

Are These New Capital Controls a Sign of Impending Financial Collapse?

You may have heard by now that Chase Bank is implementing capital controls on business bank accounts.

Starting November 17, 2013, banking customers will no longer be allowed to send wire transfers outside the United States. In other words, they will not be able to pay clients or vendors who do business outside of America’s borders.

Furthermore, cash activity will be limited to $50,000 per statement cycle. That means deposits and withdrawals during a statement cycle cannot exceed $50,000. Based on my interpretation, $30,000 of deposits and $20,000 of withdrawals would meet the limit.

Here’s an image of the letter that was sent to clients so you can read it yourself (click to expand in new tab):

Chase Bank Capital Controls
Image courtesy of

Why would Chase Bank enact such a bizarre policy that is sure to upset their business banking customers?

It is hard to know for sure, but capital controls could be a sign that Chase Bank is in severe financial trouble. They either don’t have cash on hand to fund international wire transfers, or they cannot afford to let money leave the bank.

Notice they are still allowing incoming international wire transfers. If Chase Bank needs cash, they’ll obviously take whatever they can get.

Large corporations may circumvent the new controls, but to do so they will have to deposit huge sums of money and pay extra fees. This means the capital controls will hit small and medium-sized businesses hardest.

Some are speculating that other big banks may soon follow Chase Bank’s lead.

Upon hearing the news last week, trends forecaster Gerald Celente tweeted, “#Chase Bank Limits Cash Withdrawals, Bans International Wire Transfers. GC: As I keep saying; Prepare 4 Bank Holiday.”

Writing for Infowars, Joseph Paul Watson offers three speculative reasons for the new capital controls.

1) Capital controls to prevent money leaving the country as the US dollar continues to devalue. Note that Chase will allow international wire transfers coming in, but not going out of the accounts. Note that they are only concerned about “risks” when the money is being moved out of the account.

2) Forcing businesses to abandon cash and switching everything over to digital currency that can be more easily tracked, traced and controlled.

3) Part of the preparatory phase for Cyprus-style bail-ins where the government announces a new “tax” to gouge out a percentage of people’s savings.

This third potential scenario is the most frightening. If your money is locked up in a bank account and the bank will not let you withdraw it, then you could be asked to “take a haircut” on your savings to help prop up the failing banking system and/or the bankrupt U.S. government.

We already saw this happen in Cyprus when the government froze bank accounts and stole savings from its citizens. Could it happen here? It’s certainly a possibility. Mike Adams reports:

This is the beginning of the capital controls we’ve been warning about for years. Throughout history, when governments are on the brink of financial default, they begin limiting capital controls in exactly the way we are seeing here.

Following that, governments typically seize government pension funds, meaning the outright theft of pensions for cops, government workers, etc., is probably just around the corner.

Finally, the last act of desperation by governments facing financial default is to seize private funds from banks, Cyprus-style. The precedent for this has already been set in Cyprus, and when that happened, I was among many who openly predicted it would spread to the United States.

This is happening, folks! The capital controls begin on November 17th. The bank runs may follow soon thereafter. Chase Bank is now admitting that you cannot use your own money that you’ve deposited there.

This is clearly stemming from a government policy that is requiring banks to prevent cash from leaving the United States. Such policies are only put into place when a huge financial default event is expected.

So what should you do? First of all, get out of big banks. The “too big to fail” banks have become a liability. Move your money to a small local bank or credit union. This is no guarantee you’ll be fully protected, but there’s a better chance you’ll continue to have access to your money.

Secondly, make sure you have some cash in hand. I would suggest $500 minimum. If big banks are indeed getting ready for more capital controls… or a bank holiday… then the time to withdraw cash was yesterday.

Don’t be scared. Be prepared.
-Survival Joe