The Final Crisis Has Commenced

Georgi Stankov, August 6, 2015

The world economy is in the Greatest Depression since the Industrial revolution and is on the verge of its final crash. No matter how much the statistical offices in the West are rigging the numbers, this dire fact cannot be hidden anymore. When a depression begins to unfold, it always hits the foundation of the economy – the commodities markets. And here is the parallel to the 2008 crisis, which should serve as a vademecum for you to understand how the final world crisis will unfold this summer and in the fall.

Our ascension scenario will be significantly influenced by the course of this crisis. That is why it is important for each and every ascension candidate to recollect the time schedule of the last crisis which essentially took place in the months of September and October 2008 and compare it with the ultimate 2015 crisis of the world economy that has commenced in early August.

Commodities Are Crashing All Over Like in 2008

Humanity is in its deepest depression because the commodities are crashing all over. The meltdown has pushed as many commodities into bear markets as there were in the month after the collapse of Lehman Brothers Holdings Inc. in September 2008 (see below), which spurred the worst financial crisis seven years ago that is still ongoing and has led to the current Greatest Depression since the Industrial Revolution in the 19th century.

Eighteen of the 22 components in the Bloomberg Commodity Index have dropped at least 20 percent from recent closing highs, meeting the common definition of a bear market. That is the same number as at the end of October 2008, when deepening financial turmoil sent global markets into a swoon.

Crumbling Western economies under the huge credit crunch due to gargantuan debt, artificially inflated U.S. dollar, Euro crisis, Russian sanctions and China’s cooling economy are adding pressure on raw materials in addition to the worldwide depression due to austerity programs since 2008. Two of the index’s top three weightings – gold and crude oil – are in bear markets. The gauge itself has bounced off 13-year lows for the past month. Four commodities – corn, natural gas, wheat and cattle – have managed to stay out of bear markets, due to bad weather and supply issues, which merely indicates the crumbling of material infrastructure in the End Times.

The plunge in commodities prices is counter to the artificial stock markets bubble, based on rigged electronic trading of the few Orion banks, while all physical investors have left the stock exchange since 2008, that has burst last week:

When the material foundation of the economy breaks away, there is no way how the equity markets bubble and the derivative markets bubbles would not burst. Let us not forget that the 2008 crisis began with the subprime mortgage crisis, which was a commodity bubble that first burst and then took the whole US investment banking with it into the grave (see below).

And significantly impoverished the US population.

Since then 60% of the US population eligible for work is unemployed (more than 100 million Americans), more than 50 million live in utter poverty, average income has dropped below the 1972 rate, more than 3 million Americans are imprisoned (the greatest Gulag in the world history) and so on… The US consumption has been falling for the last year and a half in an economy that is entirely driven by consumption.

These are the symptoms of the Greatest Depression of All Times that will crash the western economies this year. Part of the world (BRICS) has already decoupled from this crash, in its anticipation. The Empire of Evil, powerless to do anything against this disastrous trend, is running amok in Syria, Ukraine, South Sea and elsewhere, while its European vassals are leaving the sinking ship.

Let us now recapitulate how the 2008 financial crisis began as to have a proper time schedule how the last and biggest crisis of the Western capitalist economy will unfold this summer and in the fall. There is not much time left and you should be well prepared for it.

The Begin of the 2008 Crisis

The 2008 crisis manifested in early September when the Federal Housing Finance Agency‘s (FHFA) director James B. Lockhart III announced on September 7, 2008 his decision to place the two US government-sponsored enterprises (GSEs), Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation), into conservatorship run by FHFA US treasury secretary Henry Paulson, after in became evident in July 2008 that these huge mortgage companies were bankrupt and their stocks plunged.

Fannie Mae and the smaller Freddie Mac owned or guaranteed a massive proportion of all home loans in the United States and so were especially hard hit by the subprime mortgage slump. They had amassed a gargantuan debt of more than $5 trillion out of the $12 trillion US mortgage market that was not explicitly covered by a government guarantee.

Since then these companies are under state control, although their debt is not considered in the state debt of the USA and no statistics have been published on their ongoing state of bankruptcy since their nationalization in 2008. The two mortgage giants had to be nationalized by the US government because, if they had collapsed, the whole US would have collapsed in 2008. Fannie and Freddie bonds were owned at that time by everyone, from the Chinese Government, to money market funds, to the retirement funds of hundreds of millions of people worldwide. If they would have gone bankrupt, there would have been a mass upheaval on a global scale. This will happen now as these state companies are still bankrupt and now the US itself is totally broke.

The United States is bankrupt

This is a simple statement of fact. With a relatively puny GDP of supposedly $17 trillion (in reality much less as more than $3 trillion are liabilities, various forms of state debt, that are declared as GDP by state accountant gimmicks), this deadbeat debtor already has debts and liabilities exceeding $222 trillion. In the corporate world such obvious and hopeless insolvency would necessitate an immediate “restructuring”, meaning either a complete liquidation of the entity (the Empire of Evil) itself, or massive write-downs on its debts (jubilee) as advocated by myself.

The still ongoing bankruptcy of Fannie and Freddie is of paramount importance as it affects the real economy –  the real estate market. Coupled with the current slump in commodities markets, this is the ticking time bomb that has already exploded – since last week all stock markets have begun to crash (Apple stock implosion shreds $113.4B).

All these negative events lead to an acute credit crunch and then to a cash crunch as explained by myself in previous articles. The whole Orion financial system is based on debt and when no new credit and no printing of fiat “toilet paper” money out of thin air is possible due to falling commodities prices and imploding derivative markets, then it will very easily suffer from a cash flow infarct. Here is how it will happen, as it already happened once in 2008:

1)   The total currency (actual cash in the form of bills and coins) in the US financial system is a little over $1.36 trillion.

2)   When we include digital money sitting in short-term accounts and long-term accounts then we are talking about roughly $10 trillion in “money” in the financial system.

3)   In contrast, the money in the US stock market (equity shares in publicly traded companies) is over $20 trillion in size.

4)   The US bond market (money that has been lent to corporations, municipal Governments, State Governments, and the Federal Government) is almost twice this at $38 trillion.

5)   Total Credit Market Instruments (mortgages, collateralized debt obligations, junk bonds, commercial paper and other digitally-based “money” that is based on debt) is even larger $58.7 trillion.

6)   Unregulated over the counter derivatives traded between the big banks and corporations is north of $220 trillion (equivalent to the actual US state debt).

When looking over these data points, the first thing that jumps out at the viewer is that the vast bulk of “money” in the system is in the form of digital loans or credit (non-physical debt).

But what is a digital, non-physical debt?

Currently, when the U.S. and its Reptilian “too-big-to-fail” banks have to pay their infinite debts (1.5 quadrillion CDOs and other derivative debt obligations), they simply print-up infinite amount of dollars through the Fed, or directly by a computer click, to “pay off” those debts. The whole financial system is based on the crazy notion that the US can print an infinite amount of money by a computer click, as the former Fed Chairman Ben Bernanke boasted, and that these dollars will always be accepted by the rest of the world.

This is utter human craziness and it should be obvious to anyone that this collective idiocy cannot go well in the long run. Here are some arguments from the Vancouver expert Jeff Nielson why this perverted notion is the pinnacle of human non-logic:

“The nation of China produces and/or imports vast quantities of raw materials. The people of China labour diligently to transform those raw materials into a vast array of consumer goods, and then ship those goods across an ocean to the United States. And the United States “pays” for these consumer goods by having a banker punch a key on a keyboard. How? How does punching a key on a keyboard satisfy a debt?

For further insight here; we could start by examining the definition of the word “pay”.

pay, verb:

Give (someone) money that is due for work done, goods received, or a debt incurred.

This doesn’t get us anywhere, unfortunately. You “pay” someone by giving them “money”. As with any definition; we’re only given a brief summation. With a definition; we get the surface-meaning of a word, and never what is implied by that surface-meaning. How does giving someone money satisfy a debt? We get firm guidance here by looking immediately beneath the definition (above).

synonyms: reward, reimburse, recompense

Now we get to the full meaning of “pay”. To pay someone; you must provide them with something of value for their good/service/debt. How does some banker punching a key on a keyboard “reward”, “reimburse”, or “recompense” anyone? Where is the value?

Once again the Defenders of the Dollar have their stock answer for that question. “The U.S. dollar is backed by the full faith of the U.S. government” [please refrain from laughing]. Yes, the U.S. dollar is backed by the “full faith” of a bankrupt government. How reassuring!

It is here we need to back-track slightly, in order to appreciate the full humor. Back before Paul Volcker assassinated the gold standard in 1971; our currencies weren’t “backed” by mere faith. They were backed by gold, meaning that our paper currencies represented a certain quantity of gold. For thousands of years; if you hand someone a gold coin, or bar, or piece of jewelry, they know they have been paid.

We no longer have backed currencies, however. We now have “fiat currencies”. Currencies backed by faith, alone. The U.S. dollar is “worth” something, because the U.S. government says it is worth something.

In the realm of logic; this is known as the fallacy of circular reasoning. I’m smarter than you because I say I’m smarter than you. That movie is bad because I say it is bad. This is the most-facile form of circular reasoning, and in any/every other realm of our lives; we would immediate reject such nonsensical pseudo-logic.”

Put it another way, actual physical money or cash (as in bills or coins you can hold in your hand) is currently the only valuable money as it is outside of the Orion banking Ponzi-system and you can still buy commodities with it. However, actual physical cash money comprises less than 1% of the “money” in the whole financial system. Suffice to say, one of the biggest concerns for the Fed and ECB is what would happen if a significant percentage of investors decide to move into physical cash.

Indeed, this is precisely what happened in 2008 when depositors attempted to pull $500 billion out of money market funds.

A money market fund takes investors’ cash and plunks it into short-term highly liquid debt and credit securities. These funds are meant to offer investors a return on their cash, while being extremely liquid (meaning investors can pull their money at any time).

This works great in theory… but when $500 billion in money was being pulled (roughly 24% of the entire market) in the span of four weeks, the truth of the financial system was quickly laid bare: that digital money is not in fact safe. To use a metaphor, when the money market fund and commercial paper markets collapsed, the oil that kept the financial system working dried up. Almost immediately, the gears of the system began to grind to a halt.

When all of this happened, the global Central Banks realized that their worst nightmare could in fact become a reality: that if a significant percentage of investors/ depositors ever tried to convert their “wealth” into cash (particularly physical cash) the whole system would implode.

This is what will happen this years with the Orion financial system – a global shutdown of all banks in the Western world after a run on the banks. Any conceivable event such as Grexit or a bankruptcy of a big European or US bank can trigger this total shutdown of banks and it will occur overnight and without any warning, “like a thief in the night”.

The banksters in the Fed and ECB and the Western regulators are therefore looking to implement moves that would make it much harder for the people to move money into physical cash. The EU commission has obliged all its EU members to introduce a new legislative this summer that prohibits the withdrawal of large sums of cash money from the banks (in France the withdrawal of cash is already restricted to 1000 €) and to legalize bail-ins, understand, the robbery of all saving deposits of the people as this was executed in Cyprus and now in Greece.

The Greek people have already demonstrated to the world what will happen worldwide when they withdrew last month, prior to the referendum, tens of billions € from their saving accounts – a total shutdown of all Greek banks. The writings are on the wall for us to read as it can only get worse with each day.

Just as the Greek crisis has not been resolved, but has only entered the next round of total gridlock, so do the whole Orion financial system – since 2008, when the biggest financial crash took place, not a single problem has been resolved, but only deepened. The Orion banksters behave like junkies who constantly increase the dosage of narcotics (the uncovered debt) and suffer from a withdrawal syndrome (withdrawal of cash money from their banks), even when they only think of this possibility. Imagine what will happen with them when the credit and cash crunch will really arrive.

Let us go back to the 2008 crisis as it gives us a very good perspective of what to expect in the next three months (August – September -October).

Chronicle of the 2008 Crisis

When Lehman Brothers declared bankruptcy on September 14, 2008, the financial crisis entered its most acute phase marked by failures of prominent American and European banks and efforts by the American and European governments to rescue distressed financial institutions, in the United States by passage of the Emergency Economic Stabilization Act of 2008 (QE1) and in European countries by infusion of capital into major banks.

Afterwards, Iceland almost claimed to go bankrupt as the country’s three largest banks, and in effect the whole financial system, collapsed. The new radical government of Iceland subsequently declared that it would not pay its debt to GB and Holland’s banks and it is the only highly indebted country that emerged more or less unscathed from the crisis, compared to Greece, Spain, Ireland and Italy, and has sound growth rates. Many financial institutions in Europe also faced a liquidity problem and had to raise their capital adequacy ratio. As the crisis developed, stock markets fell worldwide, and global financial regulators attempted to coordinate efforts to contain the crisis.

Dow Jones Industrial Average Jan 2006 – Nov 2008

The US government composed a $700 billion plan to purchase unperforming collaterals and assets. However, the plan failed to pass because some members of the US Congress rejected the idea of using taxpayers’ money to bail out Wall Street investment bankers. After the stock market plunged, Congress amended the $700 billion bail out plan and passed the legislation (the usual ape theatre of the polit-clones in the Congress that simulates democracy and plurality of ideas).

The market sentiment continued to deteriorate, however, and the global financial system almost collapsed. While the market turned extremely pessimistic, the British government launched a 500 billion pound bail out plan (one third of the GDP, that is why GB is bankrupt since 2008) aimed at injecting capital into the financial system. The British government nationalized most of the financial institutions in trouble. Many European governments followed suit, as well as the US government.

The Crisis in September 2008

Immediately following the Lehman Brothers bankruptcy, JPMorgan Chase provided the broker dealer unit of Lehman Brothers with $138 billion to “settle securities transactions with customers of Lehman and its clearance parties” according to a statement made in a New York City Bankruptcy court filing. The same day, the sale of Merrill Lynch to Bank of America was announced.

The beginning of the week was marked by extreme instability in global stock markets, with dramatic drops in market values on Monday, September 15, and Wednesday, September 17. On September 16, the large insurer American International Group (AIG), a significant participant in the credit default swaps markets, suffered a liquidity crisis following the downgrade of its credit rating. The Federal Reserve, at AIG’s request, and after AIG had shown that it could not find lenders willing to save it from insolvency, created a credit facility for up to US$85 billion in exchange for a 79.9% equity interest, and the right to suspend dividends to previously issued common and preferred stock.

On September 16, the Reserve Primary Fund, a large money market mutual fund, lowered its share price below $1 because of exposure to Lehman debt securities. This resulted in demands from investors to return their funds as the financial crisis mounted. By the morning of September 18, money market sell orders from institutional investors totalled $0.5 trillion (see cash withdrawal of $500 billion above), out of a total market capitalization of $4 trillion, but a $105 billion liquidity injection from the Federal Reserve averted an immediate collapse. This cannot happen this time as Fed debt currently exceeds $4 trillion.

On September 19, the U.S. Treasury offered temporary insurance (akin to Federal Deposit Insurance Corporation insurance of bank accounts) to money market funds. Toward the end of the week, short selling of financial stocks was suspended by the Financial Services Authority in the United Kingdom and by the Securities and Exchange Commission in the United States. Similar measures were taken by authorities in other countries. This time the banks will install bail-ins (robbery of its depositors’ accounts) as all Western governments are broke and cannot allow another bail-out of the “too-big-to-fail banks”. They will go bankrupt precisely because they are  “too-big-debt-banks” to be saved anymore. The people in the West are already impoverished since 2008 due to continued austerity programs and the governments can no longer grab into the pockets of their naked citizens.

On Sunday, September 21, the two remaining US investment banks, Goldman Sachs and Morgan Stanley converted to bank holding companies. This was the end of the infamous, unregulated Investment Banking on Wall Street. On Thursday evening Washington Mutual, the nation’s largest savings and loan, was seized by the Federal Deposit Insurance Corporation and most of its assets transferred to JPMorgan ChaseWachovia, the fourth largest US banks, was reported to be in negotiations with Citigroup and was later swallowed by Wells Fargo.

On Sunday, September 28, a rescue plan was crafted for the defaulted British mortgage lender Bradford & Bingley. Grupo Santander, the largest bank in Spain, was slated to take over the offices and savings accounts while the mortgage and loans business was nationalized. Fortis, a huge Benelux banking and finance company was partially nationalized on September 28, 2008, with Belgium, the Netherlands and Luxembourg investing a total of €11.2 billion (US$16.3 billion) in the bank. Belgium purchased 49% of Fortis’s Belgian division, with the Netherlands doing the same for the Dutch division. Luxembourg agreed to a loan convertible into a 49% share of Fortis’s Luxembourg division.

The next day the German finance minister announced a rescue of Hypo Real Estate (Hypovereinsbank), a Munich-based holding company comprising a number of real estate financing banks, where I had a bank account at that time, but the deal collapsed on Saturday, October 4 and was later taken over by an Italian bank. The same day the government of Iceland nationalized Glitnir, Iceland’s third largest lender. None of these rescue operations will happen this time when the banks will begin to declare bankruptcy in the coming days.

What happened then in October, which was as a dramatic month as September 2008, you can read here and here.


Historical memory is the key to success for any Creator God who can only meaningfully create in the full knowledge of the limitations and sluggishness of the energies of this 3D holographic model. There are two basic rules that any Creator God should fully internalize:

1) This 3D reality follows certain rules that have validity within the model and should be taken into consideration by any creation from the fulcrum of the HS.

2) Nonetheless, this reality is an illusion and one should fully detach from it and cut off all emotional and intellectual connections to it.

The reconciliation of these two divergent rules makes the Master of Alchemical Creation. I want you all to follow this recipe and ascend in these last days, not only to New Lemuria, but to the powerful and effective Gods, who you truly are as unlimited souls coming directly from the Source.



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