“The Big US Banks have begun to announce capital controls. It started with JPMorguen on client accounts, limiting their withdrawals and limiting wire transfer activity. The practice has recently spread to other big banks, following in the JPM lead. Shadow banking has come to the fore to show its ugly head. Clearly, such a capital control policy would not be necessary if the big banks had sufficient capital and sufficient liquidity. They have neither.” Jim Willie
All the signals point to the same conclusion. The system is breaking down. The towers are falling. The paper mache structures have withered. The derivative machinery has been jammed. The confidence in the paper based system has vaporized. Nobody can foretell when the new system will arrive, but its description can be offered in rough terms.
… by Snordster , from Jim Willie at Silverdoctors
Patrick Willis, aka “Snordster”, is a South African agitprop artist, art director, voice artist, film editor and media consultant. From his heady days as a tracker in the elite South African Special Forces 101 Battalion to the present day, he has always questioned the machine, the government, as a free man on the land. A citizen soldier in it’s truest sense, he fights back with his high tech modern weapons, his communication skills.
An outsider from an early age, he has crossed swords with autocracy with his countercultural journalism. Having spent almost 4 years with WTN News until 1989, he realised that mainstream journalism was dead, and a new audience was needed. The one million views Snordster YouTube channel has become notorious for its outrageous antics, rebellious, anti-authoritarian attitude, and unconventional reporting style to the delight of all of us.
After fighting on his own for many years, born out of his early years as Special Forces tracker, he has joined up with the merry band of rogue elements and seasoned warriors of Veterans Today as our creative arts editor. We are all veterans of the alternative media battle to claim some worldwide respect for the 4th estate away from the corrupt, penetrated and compromised corporate media empire that has become a national security threat in its own way to all of us.