Archive for Warnings

5 Major Earthquakes in 48 Hours

5 Major Earthquakes in 48 Hours as a Seismologist Warns ‘Catastrophic Mega Earthquakes’ Are Coming

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Why is the crust of the Earth shaking so violently all of a sudden?  Over the past 48 hours, there have been five major earthquakes globally, and one prominent seismologist has declared that “catastrophic mega earthquakes” could be on the way.  In fact, seismologist Roger Bilham of the University of Colorado has made headlines all over the world by warning that “current conditions might trigger at least four earthquakes greater than 8.0 in magnitude”.  If his projections are accurate, our planet could be on the precipice of a wave of natural disasters unlike anything that any of us have ever experienced before.

Since the beginning of 2016, south Asia has been hit by an unusually high number of large earthquakes, and this has scientists groping for an explanation.  The following comes from the Express

Scientists say there has been an above average number of significant earthquakes across south Asia and the Pacific since the start of the year.

The increased frequency has sparked fears of a repeat of the Nepal quake of 2015, when 8,000 people died, or even worse.

Roger Bilham, seismologist of University of Colorado, said: “The current conditions might trigger at least four earthquakes greater than 8.0 in magnitude.

And if they delay, the strain accumulated during the centuries provokes more catastrophic mega earthquakes.”

A single magnitude 8.0 earthquake in a populated area would be a disaster of historic proportions.

If we were to see four of them like Roger Bilham is projecting, that would be a complete and utter nightmare.

It is important to keep in mind that a magnitude 8.0 earthquake would be many, many times larger than the twin earthquakes that hit Japan earlier today

A devastating 6.4-magnitude earthquake has struck Japan hours after a first which killed at least three and injured 19 others.

The quakes, which struck the south-western island of Kyushu, leveled more than a dozen homes, sparked fires and trapped several people under collapsed buildings.

Around 350 military personnel have been dispatched to aid the rescue effort, said Chief Cabinet Secretary Yoshihide Suga.

The first earthquake, measuring 6.5-magnitude, hit the south-east Asian country late on Friday, local time, according to the Japan Meteorological Agency.

On Thursday we also saw a magnitude 6.5 earthquake hit Vanuatu, and a magnitude 5.9 earthquake shook the southern Philippines

A 5.9 magnitude earthquake hit off the coast of Mindanao early Thursday, April 14, seismologists said, with no damage or casualties immediately reported and no tsunami warning issued. The quake occurred at 2:21 am (1821 GMT Wednesday) off the coast of Zamboanga del Norte, with its epicenter at a depth of 15 kilometers, the Philippine Institute of Volcanology and Seismology (Phivolcs) said.

And of course on Wednesday a huge magnitude 6.9 earthquake caused tremendous devastation in Myanmar

A magnitude 6.9 earthquake struck Myanmar on Wednesday, causing tremors around the region, including in neighboring Bangladesh where scores were reported injured in stampedes and buildings were damaged. The quake, which took place at a depth of 134 kilometers (83 miles), hit some 400 kilometers northwest of Myanmar’s capital Naypyidaw, according to the US Geological Survey (USGS), and was also felt in parts of India and China. There were no immediate reports of casualties, although the region where the earthquake hit has poor communications infrastructure like many of Myanmar’s outlying provinces.

So why is this happening?

Why is Asia shaking so violently all of a sudden?

And does this shaking bode ill for other areas along the “Ring of Fire” including the west coast of the United States?

I think that it is important to point out that all of this shaking did not just begin this week.  In fact, ever since the start of this calendar year there has been a lot of unusual earthquake activity all over Asia

Just four days ago, on April 10, six people died in Pakistan when a 6.6-magnitude quake hit Kabul with aftershocks in India

Two days before, on April 8, there was a magnitude 4.2 earthquake in Nepal.

Nepal had suffered a larger 5.5 magnitude one on February 22.

A month before, on January 20, there was a 6.1-magnitude earthquake in China, and 16 days earlier 11 people died when a 6.7-magnitude earthquake hit Manipur in India.

In addition, let us not forget about all of the volcanic eruptions that have been in the news in recent weeks.

According to Volcano Discovery, 38 volcanoes around the globe are erupting right now.  This is definitely an unusually high number.

In Matthew 24, Jesus warned us that there would be earthquakes in “divers places” just prior to His return.  This is something that I discuss quite a bit in my new book.  If we truly are in the times that the Bible refers to as “the last days”, we should expect the shaking of our planet to continue to intensify.

If seismologist Roger Bilham is right and we do begin to see a series of absolutely massive earthquakes, that could dramatically change the course of world events literally overnight.

Even a single magnitude 8.0 earthquake in a major city in Japan, China or the United States would cause global markets to crash and would mean billions of dollars in economic damage.

So let us hope that the crust of our planet begins to stabilize, but let us also not ignore the warnings of the scientists.

What they are warning us about right now lines up perfectly with what Jesus warned us about nearly 2000 years ago, and that is a very sobering thing to consider.

*About the author: Michael Snyder is the founder and publisher of End Of The American Dream. Michael’s controversial new book about Bible prophecy entitled “The Rapture Verdict” is available in paperback and for the Kindle on Amazon.com.*

Michael Snyder is the publisher of The Economic Collapse Blog, The American Dream Blog and The Truth. You can follow him on Twitter right here.

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European Bank Now OWNS Depositors Money

“Banking Crisis Explodes in Europe on a Sunday Afternoon: Austria Orders First-Ever Bank “Bail-in”; Takes Depositors Money for Failed Bank

 

April 10, 2016, 12:00 Noon EDT: “In a move which could trigger a collapse of European banks, Austria  “Bailed-in” a failed bank; seizing depositor money to pay bank debts, leaving citizens broke. This could be the actual start of a complete systemic banking collapse in Europe as panicked citizens, seeing their fellow depositors wiped out in one fell swoop, start pulling their money out of the banking system. This has “DISASTER” written all over it.
Just over a year ago, a black swan landed in the middle of Europe, when in what was then dubbed a “Spectacular Development.” In Austria, the “bad bank” of failed Hypo Alpe Adria – the Heta Asset Resolution AG – itself went from good to bad, with its creditors forced into an involuntary “bail-in” following the “discovery” of a $8.5 billion capital hole in its balance sheet primarily related to ongoing deterioration in central and eastern European economies.
Austria had previously nationalized Heta’s predecessor Hypo Alpe-Adria-Bank International six years ago after it nearly collapsed under the bad loans it ran up when it grew rapidly in the former Yugoslavia. Having burnt through €5.5 euros of taxpayers’ money to prop up Hypo Alpe, Finance Minister Hans Joerg Schelling ended support in March 2015, triggering the FMA’s takeover.
This was the first official proposed “Bail-In” of creditors, one that took place before similar ad hoc balance sheet restructuring would take place in Greece and Portugal in the coming months. Or rather, it wasn’t a fully executed “Bail-In” for the reason that creditors fought it tooth and nail.
And then today, following a decision by the Austrian Banking Regulator, the Finanzmarktaufsicht or Financial Market Authority, Austria officially became the first European country to use a new law under the framework imposed by Bank the European Recovery and Resolution Directive to share losses of a failed bank with senior creditors as it slashed the value of debt owed by Heta Asset Resolution AG.
The highlights from the announcement: “Today, the Austrian Financial Market Authority (FMA) in its function as the resolution authority pursuant to the Bank Recovery and Resolution Act (BaSAG – Bundesgesetz über die Sanierung und Abwicklung von Banken) has issued the key features for the further steps for the resolution of HETA ASSET RESOLUTION AG. The most significant measures are:
• a 100% bail-in for all subordinated liabilities,
• a 53.98% bail-in, resulting in a 46.02% quota, for all eligible preferential liabilities,
• the cancellation of all interest payments from 01.03.2015, when HETA was placed into resolution pursuant to BaSAG,
• as well as a harmonisation of the maturities of all eligible liabilities to 31.12.2023.
According to the current resolution plan for HETA, the wind-down process should be concluded by 2020, although the repayment of all claims as well as the legally binding conclusion of all currently outstanding legal disputes will realistically only be concluded by the end of 2023. Only at that point will it be possible to finally distribute the assets and to liquidate the company.
As part of the announcement, Austria has cut Heta’s senior liabilities by 54 percent and extended the maturities of all eligible debt to Dec. 31, 2023 to help cover an 8 billion-euro ($9.1 billion) hole in Heta’s balance sheet. It also wiped out any residual equity and the junior liabilities as well as any supplementary capital. The Finanzmarktaufsicht took control of Heta last year in the first application of European Union rules designed to end taxpayer-funded bank rescues.
“While the application of the new European recovery and resolution framework for banks is uncharted territory in both legal and practical terms, we are on target with the resolution of Heta,” the FMA’s co-chiefs, Helmut Ettl and Klaus Kumpfmueller, said in the statement. “Orderly resolution is more advantageous than insolvency proceedings.”
As Bloomberg writes, dealing with failing banks remains a thorny issue in the EU more than seven years after the collapse of Lehman Brothers Holdings Inc. Rescues in Portugal, Greece and Italy carried out before new rules came into force in those countries prompted protests over unequal or arbitrary creditor treatment. The EU’s untested Bank Recovery and Resolution Directive, now in force across the 28-nation bloc, provides rules and tools, including the so-called bail in, to make sure creditors share the burden.
Creditors were not happy, and Heta became a battleground of what the first BRRD implementation would look like. “At the heart of the issue is 11 billion euros of Heta’s debt that’s guaranteed by the province of Carinthia, which owned Heta’s predecessor until 2007. Those guarantees blunt the intent of the new rules because they mean the losses imposed on bondholders become a claim on Carinthia, which says it can’t pay them. Sunday’s haircut means the province faces claims of about 6.4 billion euros, the FMA said.”
Carinthia’s attempt to neutralize the guarantees by buying up the bonds at a discount was rejected by bondholders led by Commerzbank AG and Pacific Investment Management Co. last month. The creditors, who say that Austria should pay up if Carinthia can’t, also sued in a German court, arguing the BRRD’s rules don’t apply to Heta.
The announcement ushers in the next, and even more contentious phase of creditor negotiations: after initially ruling out a second offer, Austrian officials this week smoothed the way for new negotiations to avoid years of litigation. Gaby Schaunig, Carinthia’s finance secretary, said she will review a recent creditor proposal and that “any out-of-court solution is better than the legal route.”
According to Bloomberg, some of the creditors are planning to make an offer to Austria that would result in a payout of 92 cents on the euro, a person familiar with the bid said Saturday. It’s unclear how many creditors support the offer. On Tuesday, representatives for both sides will also meet in London for talks, according to a report in Der Standard. Many creditors have rejected any haircut as an option over concerns how such an example could impact their investments in comparably impaired financial companies. Others are more willing to negotiate.
Some creditors had already challenged the FMA’s decision to apply European bank resolution rules to Heta. Answering the objections, the FMA said the wind-down remains “fully binding,” adding that creditors are now free to appeal to Austria’s federal administrative court: “Challenges may be submitted to the FMA against the emergency administrative decision of 10.4.2016, which sets out the significant resolution actions under BaSAG, within three months. If applicable, the FMA will initiate ordinary administrative proceedings, will recognize and examine the submitted challenges and will then issue an administrative decision in relation to the challenge procedure.”
Changes, if any, to today’s decision will likely take years to pass through the Austrian court system. In the meantime, the precedent has been set and we expect many more banks to follow suit in “bailing in” their senior debt creditors, and ultimately – if there is not enough value to satisfy claims – depositors.
Putting this is layman’s terms, a bank in Austria named Hypo Alpe Adria, failed. It was taken over by an authority to deal with such failures, that authority being named Heta Asset Resolution AG. But the bank’s failure was so massive, it wrecked Heta Asset Resolution AG too!
There are stockholders in Heta Asset Resolution AG including Depositors. The stockholders are “preferred” creditors, and Depositors are “subordinated” creditors.  The stockholders today found out that they will only see 46 cents on the dollar- AND WILL RECEIVE THAT THROUGH STOCK IN THE FAILED COMPANY!  Depositors found out today, they likely will get: NOTHING.  
This is how Europe deals with bank failures under laws passed after the Lehman Brothers collapse in 2007-08.  THE SAME RULES ALSO NOW APPLY INSIDE THE UNITED STATES!
Think about that for a moment.  All the money you have saved in your retirement accounts IRA/401-K and the like… wiped out in one fell swoop. FDIC Insurance… no more.  This is the new game.  And your life’s work and hard-earned savings are the prize.
The fact that such a thing was announced on a SUNDAY AFTERNOON is astonishing; governments NEVER do things like this. Why a Sunday? Because they know this is going to cause massive turmoil as people all over Europe rush to take their money out of banks starting tomorrow, and Bank Stocks utterly PLUMMET as stockholders see they are no longer protected as “creditors” to Banks.
This could be the actual start of a complete systemic banking collapse in Europe as panicked citizens, seeing their fellow depositors wiped out in one fell swoop, start pulling their money out of the banking system. This has “DISASTER” written all over it.

 

No longer “here it comes”, folks… here it IS. You were warned, repeatedly!

Source: http://coyoteprime-runningcauseicantfly.blogspot.com/2016/04/banking-crisis-explodes-in-europe-on.html

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Bank Bail-Ins Started

After Emergency Federal Reserve Meeting Today, Obama and Biden to Meet with Yellen! Rumor: Martial Law Discussions for Banking Failure

Monday, April 11, 2016 5:24

RUMORS swirling say “Martial Law discussions over a banking system failure.” are the reason President Obama and Vice President Biden are to meet with Fed. Chair Janet Yellen today after the Federal Reserve’s Emergency Meeting this morning.  In the history of the United States, it has never before taken place that both the President AND Vice President meet “unexpectedly” with the Federal Reserve.  Speculation is already flowing all over Washington, DC that it may have something to do with “the survival of the government.”

Members of the House and Senate are said to have been “up all night” in discussions and meetings; with floods of phone calls back and forth.

More:  Tuesday and Wednesday the G20 Finance Ministers and Central Bank Governors meet in DC and on Thursday the IMF and World Bank meet in DC as well.

All the leading bankers in the world will be in DC this week. 

Something wicked this way comes and it is coming very, very soon; within days we suspect.

Next Tuesday: The Chinese are scheduled to announce their switch from dollar to yuan on Tuesday, April 19th; which will send about two TRILLION in cash back to the US and send inflation skyrocketing overnight.

If you are not prepared, you have run out of time.

You need to have emergency cash to live on in case banks close for a couple weeks and shut down credit, debit cards and ATM’s;  not cash to pay your bills, but rather cash to SURVIVE with for food, fuel, medicine.

Stores may have to close, so you’d better have food,  the shelf-stable type that doesn’t go bad:  50lb Bag(s) of rice, Boxes of various Pasta, canned meats, jarred sauces.  Butter, sugar, salt etc.  Enough to survive for awhile just in case.

More details if and when they become available.  

While today’s Expedited meeting of the federal reserve was called last Thursday, over the weekend astonishing banking developments took place in Europe.

Austria became the first European nation to utilize the new “Bail-in” regulations, seizing 54% of Senior Bondholders stock value to pay the bad debts of Hypo Alpe Adria bank / the Heta Asset Resolution AG.  While senior bond holders were considered “preferred” creditors and got 46% of their investment covered, Depositors were considered “subordinated” creditors and got: NOTHING!  Citizens were left broke.

Five hours later, the Finance Minister of Italy called an Emergency Meeting of Italian Bankers in Rome to engage what he called a “last resort” to deal with 360 Billion in bad loans against banks with only 50 Billion in Capital.

It appears an actual worldwide banking crisis is lIterally within view on the horizon and this week seems to be when all of it may come to ahead.  Perhaps that’s why the Finance Ministers of the G-20 nations will meet in Washington Tuesday and Wednesday, and then on Thursday, the World Bank and IMF will meet in Washington.

With every major banker in the world meeting in Washington this week, something is surely “up,” and many people are starting to think the general public is about to get “hosed.”

Source:http://www.newsprepper.com/emergency-federal-reserve-meeting-today-obama-biden-meet-yellen-rumor-martial-law-discussions-banking-failure/#.VwuW_pyLTct

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