Call To Arms

Over 3 weeks ago, before Italian treasury spreads blew out by several hundred basis points, and before Italian bank stock trading halts became a daily occurrence, we suggested that the European contagion was shifting to Italy based on Goldman dark pool Sigma X trading. To wit: "Today's most active names are Banca Monte dei Paschi di Siena, Unicredit and Intesa Sanpaolo. Translation: someone is actively positioning for serious action in Italy shortly." That someone sure was right, and it is precisely this trifecta of stocks that at last check was halted on the Borsa. Well, based on today's action at Sigma X, the next, and probably biggest domino may be about to fall: the UK itself, because coming in at position #2, just behind UniCredit, we see Lloyds Banking. And if Lloyds goes, the ones that will follow are Barclays and RBS. At that point, the financial crisis goes global.
http://www.zerohedge.com/article/sigma-x-trading-suggests-european-contagion-may-be-shifting-italy-uk

As David Cameron Resignation Odds Surge From 100/1 To 8/1 In Hours, Is UK Default (And Contagion) Risk Set To Follow?
http://www.zerohedge.com/article/david-cameron-resignation-odds-surge-1001-81-hours-uk-default-risk-set-follow

Then regarding the too big to bail notion:

Too Big To Fail?: 10 Banks Own 77 Percent Of All U.S. Banking Assets
http://theeconomiccollapseblog.com/archives/too-big-to-fail-10-banks-own-77-percent-of-all-u-s-banking-assets

Bank of America Tumbles To Paulson's Cost Basis Following Report Bank Will Need $50 Billion More In Capital Cushion
http://www.zerohedge.com/article/bank-america-tumbles-paulsons-cost-basis-following-report-bank-will-need-50-billion-more-cap

The too big to bail notions stems out of the fact there is too much debt as there is official debt, unofficial debt (in most cases unfunded liabilities), private debt and the unregulated shadow banking debt. On the last item that’s then where entire worlds can blow up due to only quite minute negative positions. Key words here of course extensive leverage, no regulation, no insight. Simply put there aren’t enough tax payers in the entire world able to back this idiocricy up. Were soon out of taxpayers you know that part of a "real functioning rationalistic free capitalistic market" everything hinges on - apparently.

$596 Trillion! How can the derivatives market be worth more than the world's total financial assets?
http://www.slate.com/id/2202263/

Then there is rational behavior as some have more information than others in what generally is referred to as a free capitalistic market? The financial markets are adding value to the real economy - anyone?
Goldman Bet Against Entire European Nations – Who Were Clients – the Same Way It Bet Against Its Subprime Mortgage Clients
http://www.washingtonsblog.com/2011/07/goldman-bet-against-its-european.html

and this is where were headingThe bottom line is that if the ceiling is raised, the Fed is ready to print the dollar into an early grave. If the ceiling is frozen in place, America defaults on its debts and its credit rating evaporates. Either way, the dollar will inevitably lose its world reserve status. Enter the SDR…

All of the above factors are leading towards one obvious conclusion; the end of the dollar as a reserve currency. The IMF will never achieve its goal of complete centralized administration of the global economy without a common supranational currency unit. And, a supranational currency unit cannot exist while the dollar remains in its current position. Thus, for the IMF to succeed, the dollar must be removed.
http://www.zerohedge.com/article/guest-post-doing-global-currency-shuffle

In actuality there is a war going on and we need now to fight for our lives..

How to get locals in a foreign country to suffer austerity and pay for your bad debts? Transfer 2 bn. via ‘shadow banking system’ and then have corrupt PM “Discover” a 2 bn. “Black hole” of debt. Priceless!

Portugal's Prime Minister Pedro Passos Coelho discovers 'colossal' budget hole
http://www.telegraph.co.uk/finance/financialcrisis/8646189/Portugals-Prime-Minister-Pedro-Passos-Coelho-discovers-colossal-budget-hole.html

Enter Serfdome..

The Ultimate Goal of the Bankster-led Political-economic Warfare Being Waged Against Us Is . . . ?
http://www.opednews.com/articles/The-Ultimate-Goal-of-the-B-by-Richard-Clark-110714-667.html

Recommended Reading:

Confessions of an Economic Hit Man
http://www.amazon.com/Confessions-Economic-Hit-John-Perkins/dp/1576753018

The Secrets of the Federal Reserve
http://www.amazon.com/Secrets-Federal-Reserve-Eustace-Mullins/dp/0979917654/ref=pd_ybh_18?pf_rd_p=280800601&pf_rd_s=center-2&pf_rd_t=1501&pf_rd_i=ybh&pf_rd_m=ATVPDKIKX0DER&pf_rd_r=18TGK3YAYRV2QD8YCWC1

The Lost Science of Money
http://www.monetary.org/lostscienceofmoney.html