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August 28, 2015
Western Banks In Turmoil As British
Banking Giant HSBC Nears Total Collapse
By:
Sorcha Faal, and as
reported to her Western Subscribers
The Ministry of Finance (MoF) is reporting
today that British banking giant HSBC
is nearing a total collapse after its having lost a staggering nearly $1
trillion due to the ongoing Great 2015
Global Market Crash and earlier today it completely ran out of cash to pay
its obligations and depositors.
According to this report, HSBC is a
multinational banking and financial services company headquartered in
Not known to many Westerners, this report
continues, HSBC was established in its present form in London in 1991 by the
Hong Kong and Shanghai Banking Corporation Limited to act as a new group
holding company and the origins of this banking giant mainly lies in Hong Kong,
and also to a lesser extent Shanghai, where branches were first opened in 1865.
Due to the staggering crash of the Shanghai Composite
index that has shed 38%
of its value since 12 June, this report explains, HSBC lost nearly $700 billion
of its value in China while a further estimated $300 billion has been lost due
to the Dow’s collapse of over 1,800 points since its high
for the year was reached on 27 May.
To the consequences of this massive $1
trillion HSBC loss, this report says, began hours ago when reports began to
surface in the
MoF experts in this report dismiss HSBC’s
explanation of a “computer glitch”
noting that this phrase is commonly used by Western banking and financial
institutions as a “cover story” to
mask their inability to access cash…and is likewise being used to explain what
is preventing
hundreds of American mutual and exchange-traded funds from providing their
investors with the values of their holdings, and why one of the world’s
largest brokerages, Charles Schwab,
shut
down earlier today too.
As HSBC is Britain’s largest bank, this
report notes, it has appealed for an emergency loan from the Bank of England (BoE), with the BoE
then appealing to the European Central Bank (ECB), and the ECB
then appealing to the US Federal Reserve System (FRS).
With the US Congress having verified that over $16 trillion of the American peoples money was given by the US
Federal Reserve to European corporations and banks, purportedly for “financial assistance” during and after the
2008 fiscal crisis, this report says, it remains “highly probable” they will do so again before HSBC totally
collapses.
And with
Though not mentioned in this report, it is
interesting to note that at least the American people are seeing the truth and,
according to one news source, are “yanking
their money from almost everything”…which in turn has led one of the
elites major mouthpieces, the Financial Times, to publish an anonymous article calling
for the outright abolition of cash in order to give central banks and
governments more power.
August 28, 2015 © EU and US all rights
reserved. Permission to use this report
in its entirety is granted under the condition it is linked back to its
original source at WhatDoesItMean.Com. Freebase content licensed under CC-BY and GFDL.
[Ed. Note: Western governments and their
intelligence services actively campaign against the information found in these
reports so as not to alarm their citizens about the many catastrophic Earth
changes and events to come, a stance that the Sisters of Sorcha Faal
strongly disagrees with in believing that it is every human beings right to
know the truth. Due to our missions
conflicts with that of those governments, the responses of their ‘agents’
against us has been a longstanding misinformation/misdirection campaign
designed to discredit and which is addressed in the report “Who Is Sorcha Faal?”.]
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