On 24 September 2011, the UBS board announced that Oswald Gruebel had resigned. Earlier he had been under pressure having assumed the full responsibility for the USD 2.3 billion loss resulting from a trading fraud. Several local newspaper brought up that he might left due to the pressure of the main stakeholders. [4]

The pound falls beneath $1.50 for the first time since the early days of the coalition, after a shock drop in manufacturing.

Sterling has only been beneath the $1.50 mark for four of the 200 years since the US Declaration of Independence.

Geezer:
Oswald Grubel clearly says they, the banks, government, and politicians deliberately engineered the economic crisis. He doesn't explain how they did it, but we could all see it coming for years while cheap money was being loaned to anybody that could produce a thumb-print. It is also very clear that the banks and politicians are doing absolutely nothing to improve the situation, and that the political class and the bankers are working in collusion with one another. In fact, they are all doing everything they can to ensure we stay in a declining economy. Only this week Vince Cable is calling for even MORE taxation to suck more life out of the economy – and the BoE is openly talking of negative interest rates – these are policies of the lunatic asylum – and yet we refuse to acknowledge the insanity of the speakers of these words.

I strongly suspect that the truth and power of Oswald Grubel's words are just too far-fetched for many to believe. But that is how these people get away with it – they routinely tell such enormous lies that we believe them – and when they do tell us the truth from behind closed doors – we disbelieve them.

We should learn to apply the duck test to the actions, words, and policies of the political class. If it looks like an engineered economic crisis, sounds like and engineered economic crisis, and the results ARE and an engineered economic crisis – then it is an engineered economic crisis. Only then can we reach the point of asking ourselves; “What are these people aiming at, what are their ultimate plans for us?”. The problem with that question is; we are too afraid to face up to the probable answer. Maybe the rising death-rates in our hospitals, and Cameron's support for the man responsible for them is a clue. Perhaps the Liverpool Care Pathway provides a clue. Or, perhaps the lack of funding for old people's care – while our government is handing over free and expensive armoured vehicles to rebels in Syria is another clue. We are told that there is no money for the needs of the British taxpayer, but there is ALWAYS money for foreign wars - that in itslef is a profound clue.

Another clue as to the malevolence of all three political class is the insane commitment to wind turbines and the closure of coal-burning power stations. This policy can only have one outcome – DISASTER and irreversible economic damage. And that is without considering the long-term effects of uncontrolled immigration. The clues are shouting at us, but we do not want to hear them.

I think the duck test speaks for itself.

Once it becomes guns and beans and this would literally be the end game to this, those with the most to lose would be worse off. This would involve those who are supposed to have engineered this?

This chap was forced out of UBS as a result of a miliion Billion pound fraud scam. Maybe he is trying to point the finger elsewhere?

There's no doubt in my mind that the whole thing is engineered and orchestrastrated.

Plus fact that we give away £trillions each year to foreign countries just goes to prove they don't want us out of debt.