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Are banks prepping for a worldwide shutdown?

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  • Are banks prepping for a worldwide shutdown?

    Here is the relevent excerpt from the "Golden Jackass", Jim Willie (who I realize is met with much skepticism from some folks on this site). paysite www.goldenjackass.com

    As an aside, my Credit Union also had a shut-down for maintenance around this same time period, which they have done a couple times previous so nothing sinister is necessarily afoot with that, just curious timing.

    ◄$$$ A GLOBAL BANK DISASTER RECOVERY EXERCISE TOOK PLACE IN LATE OCTOBER!!! (ALERT) THIS COULD BE A SIGNAL OF AN ANTICIPATED BANK SYSTEM FAILURE, OR A PLANNED BANK SYSTEM SHUTDOWN. THE MOTIVE COULD BE TO IMPOSE A NEW VALUE ON THE USDOLLAR, TO INSTALL A NEW USDOLLAR WITHIN THE UNITED STATES, TO PILFER GRAND SUMS OF MONEY FROM ACCOUNTS, AND TO CAUSE CONDITIONS THAT MIGHT LEAD TO HARSH POLITICAL CONDITIONS. REFER TO MARTIAL LAW OR DECLARED STATE OF EMERGENCY. $$$
    Reports came from across the world on October 25 that a long list of big banks from numerous countries were engaged in nearly identical exercises. They occurred over the weekend, when most operations are on hold. An industry wide disaster recovery drill was being conducted, seemingly on a global basis. The most common speculation aloud was the banks are planning a shutdown in order to abruptly devalue the USDollar. Some go futher and wonder if the supposed contrived National Emergency over the swine flu, which has relatively low incidence and fatalities, is merely a cover for for the currency collapse that is taking place before our eyes.
    Wells Fargo Investments announced it would participate in an industry wide disaster recovery exercise which may result in the brokerage website being unavailable for all or part of the event, conducted on October 24 and 25. They apologized for any inconvenience and thanked people for their patience. The Clearing Corporation announced its goal in their continuing effort to provide seamless trade processing capability to their clearing participants in the event of a disaster. Thus CCorp participated in the FIA Industry Wide Disaster Recovery test scheduled for 24 October 2009. As part of the test, CCorp provided clearing services from its disaster recovery (DR) site in order to help firms test their preparedness in the event that CCorp needs to relocate to its DR site. See the CCorp message (CLICK HERE). Pershing Clearing also joined the exercise. TD Ameritrade announced systems maintenance scheduled for 25 October 2009 while they performed maintenance updates to ensure continued high level service for clients. See the TD message (CLICK HERE). From Europe, a consistent theme was evident. From the Netherlands, planned maintenance was announced. The ING message in Dutch was "Onderhoud Mijn ING. Vanwege onderhoud is Mijn ING op zondag 25 oktober van 1:45 tot 6:00 en op maandag 26 oktober van 3:00 tot 6:00 niet beschikbaar en kunt u geen iDEAL-betalingen verrichten." See the ING message (CLICK HERE). A similar announcement was made at another Netherlands bank site at ABN Amro. They announced necessary maintenance and temporarily unavailable internet bank services. See the ABN Amro message (CLICK HERE). Another bank in Belgium joined the exercise. A more prominent voice also participated. Online banking maintenance was announced by Barclays of England. For a more complete catalog of the financial firms involved in the planned coordinated exercise, see the Tree of Liberty thread (CLICK HERE). Regard this event as a something BIG going on in the banking world.
    A globally connected banker made a trip to Europe in late October. Upon return, a message was sent my way as an update on the deteriorating psychological condition among bankers on the continent. He wrote, "Greetings from Europe, the old continent. Yes, there is quite obviously something mega going on that is much bigger than governments can prevent from coming apart. The nervousness and tension is so thick that you can cut the air with a knife. I was in Geneva, Zurich, London, Berlin, and on my way out East. Everybody tries to find a safe harbor for whatever liquidity they hold. There are billions of US$ tranches out there that are frantically looking to be converted into Euros, Yen, Rubles, and Swiss Francs, or straight into hard assests. It appears that the guys on the A-deck of the financial USS Titanic finally realized that the lifeboat capacity is limited and that the ship is going down. This entire process is an exponential function accelerating with lightning speed. System failure is imminent and unavoidable. There is no market any longer, as 'they' are struggling to stay afloat with the first guys on the A-deck drowning and no one coming to their rescue. It will be total destruction and annihilation with no prisoners taken."

  • #2
    Re: Are banks prepping for a worldwide shutdown?

    Don't read too much into year-end banking system changes. Weekends and Holidays are natural system change periods because traffic is low. Year end is also a natural deadline because changes to laws, regulations and policies tend to be effective the new year, so the software changes at year's end.

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