Economic slaughter – Casualties From Swiss Shock Spread From New York to New Zealand

Greetings,

Trouble is everywhere. We continue to see cascading  effects of events leading to collapse. There will be no encore. The White world is going extinct.

This is a Great Day. We see the passing away of one world and the coming in of another world. That’s why the environment has become electric.

  Everything is being changed from the old to a new thing. The God that was predicted to come in the last days has come and is now present and we see the manifestation of His presence in world events.

The Bible prophesies of the Coming of God with Anger. He is very Angry against the evil people and He is Ready to Destroy them from the face of the earth!

Casualties From Swiss Shock Spread From New York to New Zealand

Losses mounted from the Swiss currency shock as the largest U.S. retail foreign-exchange brokerage said client debts threatened its compliance with capital rules and a New Zealand-based dealer went out of business.

FXCM Inc., which handled a record $1.4 trillion of trades by individuals last quarter, said clients owe $225 million on their accounts after the Swiss National Bank’s decision to abandon the franc’s cap against the euro roiled markets worldwide. Global Brokers NZ Ltd. said losses from the franc’s surge are forcing it to shut down. IG Group Holdings Plc estimated an impact of as much as 30 million British pounds ($45.5 million) and Swissquote Group Holdings SA set aside 25 million francs ($28.4 million).

“I would be astonished if we did not see more casualties,” Nick Parsons, the London-based head of research for the U.K. and Europe at National Australia Bank Ltd., said by phone from Sydney. “This was a 180-degree about turn by the SNB. People feel hurt and betrayed.”

The franc surged as much as 41 percent versus the euro on Thursday, the biggest gain on record, and climbed more than 15 percent against all of the more than 150 currencies tracked by Bloomberg. Dealers in London at banks including Deutsche Bank AG, UBS Group AG and Goldman Sachs Group Inc. battled to process orders yesterday when the SNB surprised markets with its announcement in Zurich….More Here

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