Everything is much worse than you think

By Holly Deyo | StanDeyo.com

See a common thread? The biggest threats on our immediate horizon overlap and domino. Never have we faced with such monumental challenges.

When Reuters released the story concerning big bank collapse ‘war games’ Friday (and right before a holiday), creepy-crawly hairs roamed my neck. If such an event transpires, people will be poised at the edge of 10-story windowsills again a la 1929.

Instead, ebola took center stage over ISIS, probably because this deadly threat has pierced our nonexistent borders and landed in our healthy Country. Initially, Obama must have rubbed his hands in glee. It took the world’s eyes off his do-nothing policies regarding savage Muslim extremists chopping and lopping heads. As someone else duly noted, all Muslims aren’t terrorists, but all terrorists have been Muslim. That is exceedingly uncomfortable for our Grief-in-Chief to acknowledge. Since he finds it difficult to call a terrorist what he or she truly is, ebola must have been seen as a welcome, if short-lived, diversion. That is, until on this issue too, Obama became quite flaccid.

In his limp-leader style doing his best to circumvent work and intel briefings, another mess landed in his lap – possible megabank collapses. This scenario has never before slid off the lips of the Big Boys – not in the take-it-seriously mode because they had bank bailouts. Yes, a small bank here or there went out of business, but others were shored up with countless billions in bailouts. Several rounds of them. How close this event must be for them to consider it, let alone practice how to deal huge financial institution failures!

Obama must be quivering in his golf shoes. Any of the aforementioned ‘tribulations’ requires him to don big boy knickers.

Since 18 to 20 world governments are looking at big bank failures as a possibility, then it is a matter of time before it becomes reality. There’s little they’ve practiced for that hasn’t come to pass and a LOT they’ve ignored that slammed us in the backside.

While bank bail-outs are out, bank bail-ins are on the table. Think it can’t happen? The precedence set in Cypress last year was no fluke. Cypriot banks seized up to 40% of customer deposits.1 Their toes tested the water for the rest of the world. Banks closed for 2 weeks to prevent customers from “draining their accounts as politicians scrambled to come up with a plan to raise enough funds for Cyprus to qualify for 10 billion euros ($12.9 billion) in bailout loans for its stricken banking sector”.2

People stood in line 6 HOURS to find they could only withdraw €300 or $383 per person per day. No checks could be cashed and if leaving the country, they could only take a paltry €1,000 or roughly $1,250. That wouldn’t buy much of a trip.

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