Saturday, June 2, 2012

WORLD COLLAPSE APPEARS INEVITABLE. ANYONE READING THIS SHOULD MAKE PREPARATIONS IMMEDIATELY

For the first time since 2008, I am issuing an an economic alert. What this means is that, according to all the data I can gleam, an economic collapse appears to be inevitable and unavoidable. This time if it goes wildly off the rails, it's going to take everyone down with it. If it was just me and few crackpots saying "the end if nigh," I'd expect none of you to take me seriously. But people like Paul Krugman, Nouriel Rubini, and World Bank chief Robert Zoellick are saying it now as well. Here's the story from the UK about the World Bank:

http://www.dailymail.co.uk/news/article-2153324/Markets-facing-rerun-Great-Panic-2008-Head-World-Bank-warns-Europe-heading-danger-zone-bleakest-day-global-economy-year.html?ICO=most_read_module


The head of the World Bank yesterday warned that financial markets face a rerun of the Great Panic of 2008.

On the bleakest day for the global economy this year, Robert Zoellick said crisis-torn Europe was heading for the ‘danger zone’.

Mr Zoellick, who stands down at the end of the month after five years in charge of the watchdog, said it was ‘far from clear that eurozone leaders have steeled themselves’ for the looming catastrophe amid fears of a Greek exit from the single currency and meltdown in Spain.

The flow of money into so-called ‘safe havens’ such as UK, German and US government debt turned into a stampede yesterday.

In Berlin the two-year government bond yield fell below zero for the first time, with the bizarre result that jittery international investors are now paying – rather than being paid – for lending to Germany.

There was a raft of dismal economic news from around the world, with manufacturing output falling in Britain and Europe, unemployment jumping in the eurozone and America, and fast-emerging economies such as Brazil and China showing signs of running out of steam.

He said: ‘Events in Greece could trigger financial fright in Spain, Italy and across the eurozone. The summer of 2012 offers an eerie echo of 2008.

‘If Greece leaves the eurozone, the contagion is impossible to predict, just as Lehman had unexpected consequences.

Fears are mounting that Spain will be crippled by its banking sector and will be the next domino to fall.

Mr Zoellick said: ‘Eurozone leaders need to be prepared to recapitalise banks. In the eurozone, the guarantees of some national sovereigns are unlikely to be sufficient and only that of the “euro-sovereign” will suffice.
‘It is far from clear that eurozone leaders have steeled themselves for this step. Eurozone leaders need to be ready.

'There will not be time for meetings of finance ministers to discuss the outlook and debate the politics.
'In panicked markets, investors flee to safe assets, sparking other flames.’
Yesterday investors scrambling for lifelines piled into German, US and UK government debt.

We know that governments are telling the people one thing and the elites something else entirely. When the government tell you not to panic, panic. With the death of the euro comes the possibility of the collapse of the derivative market. As the total value of the market is more than the entire wealth of the planet combined, total collapse is inevitable. The FDIC will be bankrupt as Bank of America and JP Morgan's derivative loss totalling over 100 trillion dollars wipes out all savings account in the country (this was completely illegal and could have been stopped had we a government that wasn't hell bent on stealing every last dollar from us). The allowing of putting derivative loss onto FDIC shoulders is one of the worst things President Obama ever did and, because of that, this country may be very different very soon.

With austerity measures all the rage, after a brief stint in anarchy, I expect a new totalitarian government to emerge as one always does in human history when such things occur. Check out the Wiemar Republic and the rise of Hitler, a scenario we are dangerously close to replicating and something Paul Krugman has been talking a lot about lately. Too bad our corporate media is more interested in telling us who Kim Kardashian is dating or that Justin Beiber walked into a wall the other day. WHO GIVES A FUCK?

Anyone reading this should start preparing for a rough time. Get weapons, especially a shotgun before the ATF starts banning them. If you don't think things are going to get bad, the government seems awfully intent on supplying themselves with huge stockpiles of ammo, bullet proof booths and banning weapons and peaceful protests. Get iodine pills for clean water. Canned food, matches, medication, outdoor gear, lumber (to seal up your house) and any other supply you think you might need. There is a better than seventy percent chance that everything is going to go tits up, possibly as soon as in a few weeks, although I still see September/October being the highest possibility for war/turmoil/collapse. War with Iran is very much a possibility still and Russia will have none of any kind of meaningful peace talks.

We are at the same point as the Cuban Missile Crisis of 1962 where the world hangs in the balance of a nuclear war. How else do you expect them to fix the economic solution? War is the only way and with Syria and Iran begging to get hit, we will do just that. Israel will wait no longer than the fall to early next year at the absolute latest to strike. A nuclear armed Iran will destroy the world quicker than attacking them now would be. With Iran able to dictate the price of oil with impunity, the world economy will likewise collapse and they wouldn't have to fire a shot. There is no chance the US or Israel will ever let them happen, nukes or no nukes, and then a nuclear war WILL occur with 100% certainty.

This will also thin the world population down, something the elites are actively trying to do and not without some good reason. There are way too many people on the planet and if we continue at this rate, we will all die eventually of some horrible new plague or starvation. If we can't cull the masses. mother nature will.

So there you have it. Expect a world collapse most likely within a few months. It is going to be very, very bad. So prepare now and at the worst, I'm wrong and you have extra things that can be used down the road. At best, you'll have enough to survive the coming collapse which will be world wide and make 2008 look like a stubbed toe. Rumor is the Greek government is already printing up reserve money and the stock market tested such an idea on the currency board yesterday as countless pictures of it appeared on line. The big boys are preparing. Should should we.




No comments:

Post a Comment