There Will Be No Warning When the Next Crisis Hits

Phoenix Capital Research's picture

Yesterday we wrote about the Cyprus bank “bail-in” noting that while ordinary citizens were screwed, connected insiders had ample time to get their money out of the banks before they were frozen.


Today, we note the following:


Russian oligarchs who are close to Vladimir Putin have a week to get their cash out of Britain before sanctions are imposed, it has emerged.


European Union officials started on Tuesday to prepare the list of businessmen and Moscow officials who will be targeted by the sanctions.


Philip Hammond, the Foreign Secretary, has made clear the Britain’s desperation to take action at those close to Mr Putin’s regime, saying "the cronies of Mr Putin and his clique in the Kremlin are the people who have to bear the pressure".


However, British sources disclosed that it will not be until the end of the month that all EU countries will have prepared their lists of individuals to be hit with the sanctions.


The length of time before any action against these so-called Putin cronies will fuel concerns that they can withdraw their money before sanctions are imposed.


We don’t ever recall hearing of an instance in which ordinary citizens or taxpayers were given a heads up to get their money out of harm’s way.  Usually when they bear the pressure it’s measures in Dollars… not the number of days’ warning they are given to save their capital.


Indeed, there are usually no warnings that trouble is coming because everyone at the top of the financial food chain are highly incentivized to keep quiet about problems.


Central Banks, Bank CEOs, politicians… all of these people are focused primarily on maintaining CONFIDENCE in the system, NOT on fixing the system’s problems. Indeed, they cannot even openly discuss the system’s problems because it would quickly reveal that they are a primary cause of them.


Remember back in 2007 and 2008? Time and again then-Fed Chairman Ben Bernanke stated that the sub-prime crisis was “contained” and that there would be little spillover into the economy.


Bernanke was not alone. Just about every CEO from every major bank spent much of 2008 claiming that all was well, that there was no real need to raise capital, and that their exposure to toxic mortgage backed securities was minimal.


Most of their banks had to be either merged with other entities or went bankrupt.


For that reason, you will never and I repeat NEVER see a Central banker, Bank CEO, or politician admit openly what is happening in the financial system.


Even middle managers and lower level employees won’t talk about it because A) they don’t know the truth concerning their institutions or B) they could be fired for warning others.


As former banker Jean-Claude Juncker put it, "When it becomes serious, you have to lie."


So why does these people lie?


Central bankers lie because they draw all of their power based on the fact that they are beyond oversight or regulation. The minute they lose this power, it becomes obvious that Central Banks and Central Bankers are one of the primary causes of the financial system’s problems.


Ordinary bankers lie because if they were honest, their banks would collapse, they would lose their salaries/ bonuses, and they would very likely face legal actions.


This is why no one in a position of financial power will ever publicly state, “such and such bank is in trouble… it would be wise to move your money.”


Instead, what you’ll be told is, “we need to confiscate some of your savings to prop this bank up… if you don’t agree to this, the bank will collapse and you’ll have nothing.”


This is of course, assuming you are even told this. As the folks in Cyprus found out, often times they’re not even told what’s going to happen, they simply wake up to find themselves locked out of their account.


This concludes this article. If you’re looking for the means of protecting your portfolio from the coming collapse, you can pick up a FREE investment report titled Protect Your Portfolio at


This report outlines a number of strategies you can implement to prepare yourself and your loved ones from the coming market carnage.


Best Regards


Phoenix Capital Research





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lester1's picture

The FED will bring out QE4 in 2015. They have no choice.

messystateofaffairs's picture

It's a very dry forest out there, and it looks like its getting dryer all the time. My feeling is there is going to be a big forest fire before any rain comes along to green things up. If we have to have a cleansing fire I only hope its a financial fire and not a radioactive one. Nobody can know where the right spark will come from, probably not even the arsonist.

Notsobadwlad's picture

It is said that there is both physical evidence of the biblical flood as well as documentary evidence from many cultures. What is not so well known is that there is also evidence, a charred layer, of a burning before the flood and just under the flood evidenced earthly strata. An extremely hot period or cleansing blast from the sun could have created the charring and also melt polar ice caps, creating the flood.

... or the cleansing could have been planned and executed by an intelligent force... or both.

The Wedge's picture

"There will be no warning when the next crisis hits"

Bullshit, there are warning signs everywhere you look. Just like timing the bottom in the market is a losing game so is trying to time this. Take the warnings serious. This will likely be a series of crisis playing out for an extended time. The velocity of the dollar in the US has fallen off a cliff. No velocity, no economy.

HungrySeagull's picture

Here is a warning.

Tomorrow night (Sat) is end of Ramadan in our USA. At that time all Malls are going to be FULL of People for movies, shopping etc.

Enemies are planning to attack this economic base and hope for a much larger than 9-11 casulty event. I am spreading this message as fast as I can because we have only a short time.


I have avoided sharing certain information because I took an oath and will not break that oath. I am skating on the edge today because of information that I would be derelict in my duty if I did not share it. Islamists currently in the country, aided by those who have recently arrived via the southern sieve we call a border and those who boldly came on aircraft in a variety of disguises have a purpose in their criminality. Be warned, this is not for the faint of heart.
The target will be shopping malls. The method will be with explosive devices meant to inflict suffering and death and to wound as many as possible. This is terrorism in its lowest form. The purpose is to inflict fear in the hearts of Americans through this targeting of where we go to shop and relax.
The date will be a significant one for the islamists. The event will happen simultaneously across America at hundreds of locations (note the number). The police, DHS, and security services throughout the nation should be warned and take appropriate action.
Why release this on Facebook? It turns out that the necessary agencies are reading my stuff. Why make phone calls when this gets the news out in a speedy fashion to all of them in an instant message.
Be warned, my sources on this are impeccable. I lay my 100% record of reliability on the line.
Name withheld for berevity.

AdvancingTime's picture

I agreed ugliness lies ahead. I love the way it is always being kicked out a year or two and never going to happen tomorrow. It is as if we can't handle what is coming at us and need more time.

For a long time I have been trying to develop a scenario for a market "super crash" and a reasonable map that would arrive at such a situation. Below is an article looking at how it could happen sooner rather than later.


Sandmann's picture

I don't understand this. Their money is not in London. It is in Grand Cayman, BVI, Hong Kong, Canada, is simply hidden in Nominee Accounts administered from The City of London via offshore havens and coded.

The Russian money in Cyprus is often laundered back into Russian enterprises but registered offshore to create legal certainties.

It is bizarre that Apple does not have its cash pile confiscated from those tax havens.

Anyway, the Russians have stated that attacking the Russian energy sector will probably be the coup de grace for the global financial system and bring down the house of cards - it was 1998 when LTCM watched the dry-run for 2008 and Goldman set out to destroy Lehman and Bear - a task accomplished by Hank Paulson

hedgiex's picture

Really ? No Warnings ? Are the 99% listening ?

the grateful unemployed's picture

there was nothing eminently wrong with the system in 2008, certainly nothing worse than the current system, so why did THEY crash the market? i leave it to you

BlackVoid's picture

That is pretty obvoius, the market cash scare was needed to gain support for the bank bailouts.


The more important questions:

Why are they propping up the system now? And for how long?

The answer to the first is that they are preparing for the next big crash. The answer to the 2nd is a worth a lot of money, but I suspect it will all come down before the end of next year.


ramacers's picture

ready the blade w/intrepitude.

zerocash's picture

Report Schmeport...

Mr. Ed's picture

Has anyone actually gotten a free report from these guys lately?  I keep requesting the "free" reports they offer but all I get is 2-3 "buy my newsletter" emails each day.

TheRideNeverEnds's picture

Hey now, I am confident Dear Leader will call the top for us and tell me when to go short.  He told me in 09 that the bottom was in and he was right then so....



the grateful unemployed's picture

goldman sachs will tell you when to go short. not only do you need to know what the total short interest might be, you need to know who is holding it. the moment is near when the several investment firms hold most of the stock (on account, that doesn't matter), and can effectively short THEMSELVES, or their account holders. what\s the point? by selling into the market while GS et al is net net, a complete collapse of equity prices is a zero sum transfer. except of course for the feds balance sheet. they can destroy the feds balances sheet, by forcing interest rates up even 1/2%, but everything the fed holds is connected to equities, drive the stock market down to nothing, and the fed is out of business, but goldman et all collect on their short positions, so they are net neutral or close. why dont they do it today, well hell its a scary thought, but the upside is the phony fed is out of business, the liar politicitans are out of business and you can run a decent capitalist economy. the opportunity is there, its just a matter of will GS take it and how exactly will it all play out

nathan1234's picture

The only Bottom or Bottoms the Dear Leader knows about is well known.

Those who do not lend their Bottoms to the Dear Leader find themselves at the bottom.

Joebloinvestor's picture

The stock market "circuit breakers" will kick in and the next day will follow the first.

Some won't heed the warnings and will hope to recover by litigation.

Raging Debate's picture

I believe this political theatre, cover for protectionalism and trade becoming more regional out of necessity. Insiders do better with globalization which unto itself is not bad (not promoting NWO but trade) but trade imbalances form out of mercantilism which insiders allow, then promote then back off.

There are real geopolitical risks during these times of war, I don't wish to downplay those very real risks. But this kind of action is how my intepretation of it, reading between the lines so to speak.

As to te authors premise I agree with the headline about warnings of crisis, though the banks did bring up how the market is frothy or in some more blunt analysis overvalued.

They won't broadcast "Hey, we're in the second leg of the W shaped depression that began in 2008 and since you realized the first 2/3 are inflationary the second 1/3 will be deflationary." That of course is why sites like this exist and some dutifull commentators.

tardball's picture

I disagree.  There will be warning.  You have been warning us for the last 7 bajillion years, every single day, that the crisis is tomorrow. Keep it up and you will be right!!!!!

zebrasquid's picture

My friend said that, too, about people warning him about smoking over many years, many decades. He was pretty cocky about it, too. Until he died of lung cancer.

Sandmann's picture

yeah, smokers rarely die healthy

Raging Debate's picture

Tardball - An old saying: The devils in the details. It is why I come here. Se of the sarcasm gets stale in the commentary but some of it is funny. My intent of warnings which have been called prescient by others are for posterity, intent matters.

The biggest confidence killer in this economy has been binary law system and the police state, law enforcement as tax collectors are a horrible idea. I lived in one in NH and I can tell you if I had to stay there I would never open a business again. NH went bankrupt in 2011, retroactively changed laws then wired tapped my account.

It is what states or sovereigns do when they go bankrupt to resist painful reform, they get to continue to prosper for a short time by bugging the shit out of you and holding a gun to your head demanding you smile while the robbery happens. What happened in NH (or states like New Mexico I hear) with the gestapo shit is now happening nationally.

In the end, the enforcers get the axe too they are just last in line in austerity pecking order. Give that some thought old chap.

NoPension's picture

Watch out for the hate Jew/ love Jew section.

Run for your life!

Ban KKiller's picture

"Even middle managers and lower level employees won’t talk about it because A) they don’t know the truth concerning their institutions or B) they could be fired for warning others.

 C) they could fall off of tall buildings, kill themselves with nail guns or shitgums. 

Minnalousha's picture

Invest in lead and rope futures.

JRobby's picture

Stawks sell off, propped up repeatedly by algos & Fed intervention while collateral dries up & commercial paper market halts.

Of course all MM funds are frozen in place

Bioscale's picture

Central bankers lie because they draw all of their power based on the fact that they are beyond oversight or regulation.

Polish CB head Marek Belka claimed he's above the law. Central banks are mafia more powerful and secret than  all fucked up governments.

lasvegaspersona's picture

'Crony' such a precise legalistic term.It is perfect for the rule of men rather than the rule of law.

The current system has deteriorated beyond putirfication. It will soon be mulch. For now it just stinks.

bluskyes's picture

It will be funny if these Russian withdrawls trigger a major meltdown.

lasvegaspersona's picture

The Ruskies can't do it alone....besides no one really wants to have their finger prints on the trigger when this thing blows.

It will be the fault of the USA and the way they managed the Bretton Woods (and post BW) system but they will act as victims and try to blame the nearest precipitating cause.

Hopefully, for the sake of world peace, it will be a mysterious 'fat finger' event and the 'true perp' will never be found. We will just roll into a new system. Like OJ we will never give up trying to find the 'real killer' of the dollar.

Raging Debate's picture

Lasvegaspersona (quite a screen name) - Your comments are half truth with half lie. On the one hand, sure the USA is reserve currency host and part of that job is global security detail.

On the other hand this is shifting to China at rapid speed. But it is not American citizens who decide who the next host will be in any event. BIS and CFR decide and that is a private club. So 'blame' from this perspective in the context of your comment is irrelevant.

Your speaking about geopolitics from either an uneducated position (doubtful considering the myriads of posts here on whom runs the global show for real) or you are being disengenerous. I believe the latter is true.

Here is how I think of America and its citizens: What does a rapist sometimes do to make sure the victim doesn't talk after the rape?
How many pithy quotes from historians and articles have we seen here about how leaders profit from war while the average Joe just wants to get home alive and back to his farm?

Take your persona and shove it in your ass.

Tall Tom's picture

Banco Espirito Santo...


That will be an Order of Magnitude greater than the Lehman Bros., AIG, and Bear Stearn trigger event.


It is happening right now before your very eyes. Most people are blind to it. Are you?


Seek posted a video link earlier today. I suggest that you watch it. It is a good metaphor with what is happening to our financial system


If you got out early then you survived. If you waited until the crowd started to leave in droves then...


Furthermore some of the ushers had blocked off some of the Emergency Exits.


What about that Money Market article today on Zerohedge?


Are you getting the picture yet?


Really. Watch that video. That is how the collapse will happen. Slowly at first and then all at once you will be engulfed in it.


Fair Warning.

DirkDiggler11's picture

One hell of an eye opener. Thanks for the link Tall Tom and Seek.

The Alarmist's picture

Q:  Hi, I'm interested in opening a "MyRA" account.  Do you offer those here?"

A: Your IRA should be in Ireland, where the capital is Dublin every day.

Ben Ghazi's picture

Hi, I'm interested in opening a "MyRA" account.  Do you offer those here?


(One month later)

Bank calls customer to inform him that his new "MyRA" account is now called "OurRA"

Muddy1's picture

I used to read all of this blather from Phoenix Capital, this is the first time in a few years I've read their stuff.  Yep, they are still packaging and selling the same blather.  Obviously their numerous dire warnings have not come to pass.  Eventually there will be a major financial crisis and they will say, ""See, we told you so."  All the while hoping people don't see how many times their dire warnings were wrong.  They must be an unhappy lot of investors.