The Role Private Police Forces Will Play in the Next Economic Collapse

Orig.src.Susanne.Posel.Daily.News- 514571645114929Occupy Corporatism – by Susan Posel

Both the Office of the Comptroller of the Currency (OCC) and the Federal Reserve Bank (FRB) have agreed upon liquidity rules that prohibit “debt issued by states and municipalities from being listed as high-quality assets that could sustain a bank through a 30-day squeeze.”

The Federal Deposit Insurance Corp (FDIC) has yet to weigh in on the decision by the FRB and the OCC.  

Experts commented that these rules “could depress prices in the $3.7 trillion municipal market by giving banks less incentive to buy bonds that finance schools, roads and public works.”

These new regulation is inspired by the 2008 Stock Market crash and designed to “prevent a funding crisis that lead to the end of Lehman Brothers and Bear Sterns.”

The new rules make “changes to the range of corporate debt and equity securities” such as:

  • Phasing-in of daily calculation requirements
    Revised approach to address maturity mismatch during a 30-day period
    Changes in the stress period
    Calculation frequency
    Implementation timeline for the bank holding companies and savings and loan companies subject to the modified liquid coverage ratio (LCR)

Two years ago, big banks were given advisement by US regulators that they mustmake plans to stave off a complete financial collapse without relying on the US government.

At the time the OCC and the FRB named Citigroup Inc., Morgan Stanley and JPMorgan Chase & Co. as well as others to devise “recovery plans” in 2010. Banks were directed to have schemes to remain afloat by selling off assets, finding alternative sources of funding, reducing risky measures that make a quick buck. These strategies were to be perfected with “no assumption of extraordinary support from the public sector.”

Resolution plans , required under the 2010 Dodd-Frank financial reform law describe how to liquidate banking assets without causing further damage to a failing financial system.

By selling “non-core assets” without upsetting shareholders while protecting the monetary system, taxpayers and creditors is the work of the mega-banks who have contributed solely to the destruction of the global financial markets.

The OCC constantly monitors the largest banks and evaluates their resolution plans to provide assurance to the US government that financial instability will not destroy the banking industry in America.

The details of the resolution plans are considered confidential. While the mega-banks wait to see if another round of banker bail-outs will alleviate the pressure of the international interests as BoA and Citigroup begin to act as if they are implementing their resolution plans covertly.

BoA has sold off portions of their domestic assets to secure capitol while Citigroup has followed suit.

By ridding themselves of non-core assets, combined with bailout monies, Citigroup, in their resolution plan decided by management meetings by regulators, will “make appropriate assumptions as to the valuations of assets and off-balance sheet positions.”

By adhering to initiatives provided by the Financial Stability Board , these mega-banks will, when they enact their resolution plans, coordinate with international banking institutions and regulators rather than simply implode.

While preparing for financial collapse, the technocrats on Wall Street are also acquiring firearms, ammunition and control over private mercenary corporations like DynCorpand ‘Blackwater” as authorized by the Department of Defense (DoD) directive 3025.18.

DynCorp is a military-based private mercenary contractor that provides (among other services) intelligence training and support, international security, contingency plans and operations. Ninety-six percent of their funding is based on annual revenues from the US federal government.

The international branch of DynCorp has operated as a “police force” even assisting local law enforcement during Hurricane Katrina .
Named as investors for the amassing of gun and ammunition manufacturers are Citi Bank, BoA, Barclays and Deutsche Bank who are pouring money into Cerebus and Veritas Equity who have taken over private corporations involved in the controlling riot situations.

The FRB has their own police force which operates as a protective security for the Fed against the American public.

As part of the Federal Reserve Act signed in 1913, the designation of a Federal Law Enforcement – special police officers that are exclusively regulated by authority of the Fed (whether in uniform or plain clothes.

These specialized police officers (who train with Special Response Teams) can work in tandem with local law enforcement or US federal agencies. These officers are heavily armed with semi-automatic pistols, sub machine guns and assault rifles as well as body armor.

One thought on “The Role Private Police Forces Will Play in the Next Economic Collapse

  1. So….

    Goldman/Sachs engineers the removal of their biggest rival, and it’s now called “prevent a funding crisis”?

    Lucky for us, G/S is looking out for ALL of us! I sleep better at night, knowing this………

    Occams ~

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