If you came over from YouTube to hear the rest of the show you can start at the 11:00 mark.
In this report we will discuss how the continuous Cyber Attacks will start and cover up the real economic collapse. Cyprus is the beginning and with the fear of back-runs the government and the central banks will use banks attacks or power grid shutdown to cover up bank runs spreading in Europe and then to America. For those who are not asleep realize this is a cover-up and the collapse is coming. Everything is in motion and it cannot be stopped.
Please check the Sentinel Alerts for the latest news on the economic collapse. The Sentinel Alerts are updated throughout the day. Join The People and talk to other that are awake and talking about the economic collapse.
Brics reach deal on development bank – Western central banks are not going to like this. War needs to accelerate now to stop this.
- The Brics grouping of emerging powers have reached a deal to establish a development bank that would rival Western-backed institutions.
- “It’s done,” Finance Minister Pravin Gordhan said after meeting with his counterparts from Brazil, Russia, India and China. “We made very good progress, the leaders will announce the details,” he added, just hours before a summit in the South African port city of Durban.
- The bank is likely to focus on infrastructure financing, a direct challenge to seven decades of dominance by the World Bank.
- It is the first time since the inaugural Brics summit four years ago that the group matches rhetorical demands for a more equitable global order with concrete steps.
- Together the Brics account for 25% of global gross domestic product (GDP) and 40% of the world’s population. But members say institutions like the World Bank, the International Monetary Fund and the United Nations Security Council are not changing fast enough reflect their new-found clout.
- The fallout from Europe’s mismanagement over Cyprus continues.
- Greece fell over 4% yesterday.
- And today it’s down about 6.5%.
- Significant contagion has appeared in the first 24 hours after the Cyprus bank crisis “resolution,” with the forced bankruptcy of a large Spanish bank inclusive of a partial wipeout of depositors, and the pounding of bank stocks on the markets of Spain and Italy. Trading in bank stocks had to be halted multiple times in both countries to slow the plunge, and a downgrade of Italian sovereign credit by ratings agencies appears imminent. The euro currency also fell sharply, including — ironically — against the Russian ruble.
- Already overnight yesterday, there were commentaries by leading figures such as former ECB chief economist Juergen Stark and major dailies such as the Irish Independent and London’s Guardian, that the Cyprus bank bailout was not large enough, the shutdown of number-two Cyprus Popular Bank, or Laiki, would be followed by number-one Bank of Cyprus and a collapse of the Cypriot economy. But the contagion is turning out not to be “contained” to Cyprus, as Ben Bernanke once famously forecast of the U.S.
Cyprus readies capital controls, hires extra security ahead of banks’ reopening to prevent run – They are preparing for bank runs and putting armed forces in position to “contain” the situation.
- Private security firm G4S will install 180 of its staff at bank branches across the island to keep a lid on possible trouble, said John Argyrou, managing director of the firm’s Cypriot arm.
- “Our presence there will be for the comfort of both bank staff and clients, but police will also be present,” he said.
- Argyrou said he doesn’t foresee any serious trouble unfolding once banks open their doors because people had time to “digest” what has transpired.
- “There may be some isolated incidents, but it’s in our culture to be civil and patient, so I don’t expect anything serious.”
- Another 120 staff from G4S would be assigned money transportation duties.
- Cyprus reopens its banks on Thursday while limiting withdrawals, banning cheques and curbing the use of Cypriot credit cards abroad, among measures imposed to avert a bank run after it agreed a tough rescue deal with international lenders.
System Failure To Kick Off The Economic Collapse
Biggest Cyber Attack
The ‘biggest cyber-attack in history’ has caused a worldwide web slowdown as the battle between an anti-spam group and a Dutch web host continues to heat up.
The largest known distributed-denial-of-service (DDoS) attack in history was sparked when the non-profit group Spamhaus placed CyberBunker on a real-time blacklist of sites to be blocked for spreading spam earlier this month.
The (DDoS) attacks – which flood targeted web servers with fake traffic to make them inaccessible – have reportedly caused millions to experience delays with services such as the Netflix video-streaming service and made other sites temporarily unavailable. Experts fear the web congestion could lead to banking and email system slowdowns around the world.
Spamhaus servers were at one point being inundated with 300 billion bits per second (300Gbps) of data, three times larger than the previous record attack of 100 Gbps, Darren Anstee from Arbor Networks Solutions told IBTimes UK.
Denial Of Service Attack
In computing, a denial-of-service attack (DoS attack) or distributed denial-of-service attack (DDoS attack) is an attempt to make a machine or network resource unavailable to its intended users.
- Unusually slow network performance (opening files or accessing web sites)
- Unavailability of a particular web site
- Inability to access any web site
- Dramatic increase in the number of spam emails received—(this type of DoS attack is considered an e-mail bomb)
- Disconnection of a wireless or wired internet connection
- A DoS attack can be perpetrated in a number of ways. The five basic types of attack are:
- Consumption of computational resources, such as bandwidth, disk space, or processor time.
- Disruption of configuration information, such as routing information.
- Disruption of state information, such as unsolicited resetting of TCP sessions.
- Disruption of physical network components.
- Obstructing the communication media between the intended users and the victim so that they can no longer communicate adequately.
- A DoS attack may include execution of malware intended to:
- Max out the processor’s usage, preventing any work from occurring.
- Trigger errors in the microcode of the machine.
- Trigger errors in the sequencing of instructions, so as to force the computer into an unstable state or lock-up.
- Exploit errors in the operating system, causing resource starvation and/or thrashing, i.e. to use up all available facilities so no real work can be accomplished or it can crash the system itself
- Crash the operating system itself.
Napolitano said a “cyber 9/11” could happen “imminently” and that critical infrastructure — including water, electricity and gas — was very vulnerable to such a strike.
“We shouldn’t wait until there is a 9/11 in the cyber world. There are things we can and should be doing
“The clarion call is here and we need to be dealing with this very urgently,” said Napolitano. “Attacks are coming all the time. They are coming from different sources, they take different forms. But they are increasing in seriousness and sophistication.”
Defense Secretary Leon E. Panetta warned Thursday that the United States was facing the possibility of a “cyber-Pearl Harbor” and was increasingly vulnerable to foreign computer hackers who could dismantle the nation’s power grid, transportation system, financial networks and government.
“An aggressor nation or extremist group could use these kinds of cyber tools to gain control of critical switches,” Mr. Panetta said. “They could derail passenger trains, or even more dangerous, derail passenger trains loaded with lethal chemicals. They could contaminate the water supply in major cities, or shut down the power grid across large parts of the country.”