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The biggest banks in the US have been given advisement by US regulators that they must make plans to stave off a complete financial collapse without relying on the US government. Bank of America, Goldman Sachs and other technocrats have secretly crafted worst-case scenarios in which they can continue to thrive during a full-blown domestic monetary crisis.
The Federal Reserve and the US Office of the Comptroller of the Currency (OCC) named Citigroup Inc., Morgan Stanley and JPMorgan Chase & Co. as well as others to devise “recovery plans” in 2010. Banks were directed to have schemes to remain afloat by selling off assets, finding alternative sources of funding, reducing risky measures that make a quick buck. These strategies were to be perfected with “no assumption of extraordinary support from the public sector.”
Resolution plans, required under the 2010 Dodd-Frank financial reform law describe how to liquidate banking assets without causing further damage to a failing financial system. By selling “non-core assets” without upsetting shareholders, while protecting the monetary system, taxpayers and creditors are the work of the mega-banks who have contributed solely to the destruction of the global financial markets.
The OCC constantly monitors the largest banks and evaluates their resolution plans to provide assurance to the US government that financial instability will not destroy the banking industry in America.
The details of the resolution plans are considered confidential. While the mega-banks wait to see if another round of banker bailouts will alleviate the pressure of the international interests, Bank of America and Citigroup are beginning to act as if they are implementing their resolution plans covertly.
Bank of America has sold off portions of their domestic assets to secure capital, while Citigroup has followed suit. By ridding themselves of non-core assets, combined with bailout monies,
Citigroup - in their resolution plan decided by management meetings by regulators - will “make appropriate assumptions as to the valuations of assets and off-balance sheet positions.”
By adhering to initiatives provided by the Financial Stability Board, these mega-banks will, when they enact their resolution plans, coordinate with international banking institutions and regulators rather than simply implode.
While preparing for financial collapse, the technocrats on Wall Street are also acquiring firearms, ammunition and control over private mercenary corporations like DynCorp and Blackwater (now Academi) as authorized by the Department of Defense (DoD) directive 3025.18.
DynCorp is a military-based private mercenary contractor that provides (among other services) intelligence training and support, international security, contingency plans and operations. Ninety-six percent of their funding is based on annual revenues from the US federal government. The international branch of DynCorp has operated as a “police force” even assisting local law enforcement during Hurricane Katrina.
The Federal Reserve Bank, one of the heads of banking cartels, has their own police force which operates as a protective security for the Fed against the American public. As part of the Federal Reserve Act signed in 1913, the designation of a Federal Law Enforcement – special police officers that are exclusively regulated by authority of the Fed (whether in uniform or plain clothes.
These specialized police officers (who train with Special Response Teams) can work in tandem with local law enforcement or US federal agencies. These officers are heavily armed with semi-automatic pistols, sub machine guns and assault rifles as well as body armor.
Across the nation, reports about the militarization of local police departments reflect Israeli influence in training exercises, according to a military analyst.
Michael Chertoff, Israeli citizen and former director of the Department of Homeland Security (DHS),explains that the increased use of military uniforms, armored vehicles, assault weapons, illegal surveillance all reflects unconstitutional policies of Israeli Defense Forces that have become the new operational manual.
While preparations for financial collapse and technocratic acquisition of mercenary military forces are being laid out behind closed doors, even the mere mention of protest against the banking cartels is becoming a crime.
Recently David C. Gorczynski was charged with attempted bank robbery and making terroristic threats – and to add insult to injury, one misdemeanor charge of disorderly conduct. Gorczynski is only guilty of protesting outside a Wells Fargo Bank while holding one sign that read “You’re Being Robbed” and another that stated “Give a man a gun, he can rob a bank. Give a man a bank, and he can rob a country.”
Carl Scalo, Easton police chief said that “We can’t allow the perceived idea of protesting to be a defense to criminality. People have to understand if they want to protest, there’s a line.”
Mary Catherine Roper of the American Civil Liberties Union (ACLU) believes that the charges are “overzealous . . . especially given the clear political nature of the statements.”
Last week, Russian-based security firm, Kapersky Lab, uncovered acyber-surveillance virus called Gauss that specifically targets banking transactions, stealing login information for social networks, email and instant messaging. Infected computer are mostly in the Middle East; however, CitiGroup Inc.’s Citibank and eBay’s Paypal online payment system have been affected. This virus’ focus on online banking makes it a potential threat to banking systems worldwide.Ever since the global fiat currency implosion that begun in 2008, the banking cartels have been propping up the American financial system to stave off a complete monetary collapse in the US. However, it has always been their intention to bring down the monetary system in America. Ironically, Gauss may be the mode in which they are able to carry this out.
In the event that Gauss is used as an excuse to shut down the banking industry domestically to purge all computers of the virus, this would be the flashing red warning signal that the covert banking holiday has begun. Since all mega banks have resolution plans filed with the Fed, their insolvency would be superficial.
Once all customer funds were electronically transferred into off-shore accounts, the specialized police forces and hired mercenaries would be stepped forward to protect the technocrats from retaliation for their crimes.
Tactical manuals have already been written to explain how to lockdown urbanized centers in the event of a domestic insurrection. From law-enforcement battalions consisting of specialized Marine Corps military police to collaboration of a Police Stabilization Force, the resolution plans put forth by the mega-banks in conjunction with the DHS and the US Armed Forces preparatory measures, it is clear that when the monetary system in America finally does collapse, they will be prepared.
Will you be?
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Susanne Posel is the Chief Editor of Occupy Corporatism. Our alternative news site is dedicated to reporting the news as it actually happens; not as it is spun by the corporately funded mainstream media. You can find us on our Facebook page.
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