This Region Of The World Is Being Hit By The Worst Economic Collapse It Has Ever Experienced

Economic Collapse

The Worst Economic Collapse

The ninth largest economy in the entire world is currently experiencing “its longest and deepest recession in recorded history”, and in a country right next door people are being encouraged to label their trash so that the thousands upon thousands of desperately hungry people that are digging through trash bins on the streets can find discarded food more easily.  Of course the two nations that I am talking about are Brazil and Venezuela.  [Read more…]

How To Survive For The Inevitable Dollar Collapse

Survive

Survive For The Inevitable Dollar Collapse

The current administration would like for you to believe that the economy is on the mend and that we can look forward to growth in 2016. But most economists and basically anyone with a grain of sense will tell you otherwise. [Read more…]

Biggest Economic Shitstorm In 80 Years Is Coming! – The Coming Collapse Will Be Far Worse Than The Great Depression And You Need To Be Prepared

Coming Collapse

Biggest Economic Shitstorm In 80 Years Is Coming! – The Coming Collapse Will Be Far Worse Than The Great Depression And You Need To Be Prepared

The causes of the Great Recession seem similar to the Great Depression, but significant differences exist. The previous chairman of the Federal Reserve, Ben Bernanke, had extensively studied the Great Depression as part of his doctoral work at MIT, and implemented policies to manipulate the money supply and interest rates in ways that were not done in the 1930s. Bernanke’s policies will undoubtedly be analyzed and scrutinized in the years to come, as economists debate the wisdom of his choices. Generally speaking, the recovery of the world’s financial systems tended to be quicker during the Great Depression of the 1930s as opposed to the late-2000s recession. [Read more…]

If You Want To Survive The Economic Collapse-Read This

Economic Collapse

If You Want To Survive The Economic Collapse-Read This

Nearly two-thirds of all Americans are completely and totally unprepared for the next economic crisis. As you will read about below, a new survey has found that only 38 percent of Americans have enough money on hand to cover “a $500 repair bill or a $1,000 emergency room visit”. That essentially means that 62 percent of the people in this country do not have an emergency fund. Even after the extremely bitter financial lessons that millions of Americans learned during the last recession, most of us are still choosing to live on the edge. That is utter insanity, and when the next major economic downturn strikes most people are going to find themselves totally unprepared.

RELATED : MILLIONS OF AMERICANS ARE VULNERABLE TO STARVATION

[Read more…]

Former Adviser To Ex UK Prime Minister Warns Public To Start Prepping

Prepping

Former Adviser To Ex UK Prime Minister Warns Public To Start Prepping

How to Prepare for an Economic Collapse

How do you prepare yourself and your family for the prospect of an economic collapse?  Here are some recommendations.

RELATED : Stewart Rhodes Calls For Emergency Summits By State, In Preparation For Economic Collapse

1.  Stay out of debt — Do everything you can now to get out of debt.  If you are carrying debt when entering an economic collapse, you are likely to lose everything – your home, your retirement funds, and a comfortable future.

2 . Build an emergency fund — It is recommended that single people have at least 3 months of cash to pay their bills.  Families should have 6 to 12 months of emergency cash.  Building up a cash reserve allows your family to have a buffer against illness or job lost.  In an economic collapse environment, it is very possible that you will need to move to a different location to take a new job, escape civil disorder, or to live in an area that produces food.  An emergency fund will give you the bridge to a new live.

[Read more…]

Financial Crisis Planned For September 2015

Financial Crisis

Financial Crisis Planned For September 2015

In case you haven’t noticed, the world is slowing down. More specifically, the worlds consumption and production. What amazes me is how you wouldn’t have any idea whatsoever if all you did was watch the mainstream news at 6-oclock.

China’s stock market is in a major crash. The reason? Industrial output is weak and China’s economy is slowing. Why? Because they’re not shipping as much ‘stuff’ elsewhere like they used to. Why? Because people aren’t buying as much ‘stuff’. Why? Because most people are tapped out. Why? Because we have reached or are rapidly reaching ‘peak debt’.

While there are MANY more signs of the coming economic depression, there is one glaring fact… ‘The debt’ will never and cannot ever be paid back. More specifically the debt of nations, including the USA. We (and other nations) are tapped out. The only reason we’re bumping along is because of money printing. Additionally we used to rely on the fact that the US dollar was the world’s reserve currency. Well that has been changing and will continue to change as the saga unfolds.(source)

Warning Signs: Economic Collapse and Destruction

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Most nations in South America are either already experiencing an economic recession or are right on the verge of one.  In general, South American economies are very heavily dependent on exports, and right now they are being absolutely shredded by the twin blades of a commodity price collapse and a skyrocketing U.S. dollar.  During the boom times in South America, governments and businesses loaded up on tremendous amounts of debt.  Since much of that debt was denominated in U.S. dollars, South American borrowers are now finding that it takes much more of their own local currencies to service and pay back those debts.  At the same time, there is much less demand for commodities being produced by South American nations in the international marketplace.  As a result, South America is heading into a full-blown financial crisis which will cause years of pain for the entire continent.(source)

SHEMITAH EXPOSED: Financial Crisis Planned For September 2015

 

Hope for the best, but prepare for the worst.

This is a good motto to live by, despite how you think about things.

Individuals can still hope for the best (that things can and will eventually work out), but what good is your prosperity going to do if you don’t have anything to eat or a safe place to hang out for an extended period of time?

Why not prepare while you still can — when things are readily available and can still be purchased at cheap prices? The coming hyper-inflation will make any such purchases beforehand look very intelligent…

To prepare for the worst, you need a plan. Why are most people so against doing basic preparations that could be the difference on how they survive — or whether they survive?

History shows time and again that those who prepare always fare better than those who did not.

Having a plan and being determined to act on that plan will always be the best way to handle any contingencies, should they occur.

After disaster strikes, your mind is going to be racing around like a car on a race track. Preplanning and having a written set of measures to take will make someone’s life go much smoother when the SHTF.

“New World Dollar” Coming Oct. 20, 2015?

The Coming Crash & The Recession That Never Ended 

As you watch this, please keep in mind that the United States is on the exact same path that Venezuela has gone down…

USDECEPTION2015

Other useful resources:

Survival MD (Best Post Collapse First Aid Survival Guide Ever)

Backyard Innovator (A Self Sustaining Source Of Fresh Meat,Vegetables And Clean Drinking Water)

Blackout USA (EMP survival and preparedness)

Conquering the coming collapse (Financial advice and preparedness )

Liberty Generator (Build and make your own energy source)

Backyard Liberty (Easy and cheap DIY Aquaponic system to grow your organic and living food bank)

Bullet Proof Home (A Prepper’s Guide in Safeguarding a Home )

Family Self Defense (Best Self Defense Strategies For You And Your Family)

Sold Out After Crisis (Best 37 Items To Hoard For A Long Term Crisis)

Survive The End Days (Biggest Cover Up Of Our President)

Drought USA(Discover The Amazing Device That Turns Air Into Water)

Gerald Celente – America On The Verge Of Coming Down Like A House Of Cards

Gerald Celente

Gerald Celente – America On The Verge Of Coming Down Like A House Of Cards

Gerald Celente joins the show today to decode current world events and give his take on what the oligarchs are discussing at Bilderberg.

The truth is that middle class U.S. consumers are tapped out.  Most families are just scraping by financially from month to month.  For most Americans, there simply is not a whole lot of extra money left over to go shopping with these days.

In fact, at this point approximately one out of every four Americans spend at least half of their incomes just on rent

[Read more…]

The Coming Crash & The Recession That Never Ended – (VIDEO)

 Crash

The Coming Crash & The Recession That Never Ended

Another reason for the lack of quality jobs is that the government cannot institute a policy to buy American or they risk a trade war with other nations in the global economy that are also living beyond their means. The trade war probably is coming anyway because unemployed people of nations will demand that their government do something to protect their jobs and all government can do to keep jobs at home is to allow protectionism.

That happened in the 1930’s and it made a bad recession into a long world depression. That now seems to be our future and along with the deflation depression or hyperinflationary depression that is bound to come, it will allow the rise of populist demigods who will convince people that they know who is to blame and that they have all the answers. In other words, we are now repeating the same mistakes of the 30’s that led to the nationalist socialistic movements and the start of World War II. It will not be different this time except the stakes for the world will be much higher.

[Read more…]

Economic Collapse -Epidemic Of Hunger: New Report Says 49 Million Americans Are Dealing With Food Insecurity

Economic Collapse

Economic Collapse Epidemic Of Hunger

Editor’s Note: You may often be met with skepticism from family, friends and colleagues if you discuss the failing state of our economy and the inevitable downfall of the life as we have come to know it in the modern age. Community forum contributors at this web site and around the web will frequently argue that, despite the evidence, there is no collapse coming and America is as healthy today as it has ever been. They attack the data as if we’re simply making it up and they claim we are fear mongers. People won’t be starving in the streets. The government will always provide enough for us to get by. There is no collapse and there never will be.

There are nearly 50 million people in America that don’t make enough income to feed their families. Fully one in six Americans are dependent on government subsidies just to get by. And some 1/3 of Americans require some sort of government distribution just to survive.

Perhaps those skeptics are right. There is no collapse coming… Because it’s already here.
If the economy really is “getting better”, then why are nearly 50 million Americans dealing with food insecurity? In 1854, Henry David Thoreau observed that “the mass of men lead lives of quiet desperation”. The same could be said of our time. In America today, most people are quietly scratching and clawing their way from month to month. Nine of the top ten occupations in the U.S. pay an average wage of less than $35,000 a year, but those that actually are working are better off than the millions upon millions of Americans that can’t find jobs. The level of employment in this nation has remained fairly level since the end of the last recession, and median household income has gone down for five years in a row. Meanwhile, our bills just keep going up and the cost of food is starting to rise at a very frightening pace. Family budgets are being squeezed tighter and tighter, and more families are falling out of the middle classevery single day. In fact, a new report by Feeding America (which operates the largest network of food banks in the country) says that 49 million Americans are “food insecure” at this point. Approximately 16 million of them are children. It is a silent epidemic of hunger that those living in the wealthy areas of the country don’t hear much about. But it is very real.

The mainstream media and our politicians continue to insist that “things are getting better”, and that may be true for Wall Street, but the man who was in charge of the new Feeding America report says that the level of suffering for the tens of millions of Americans that are food insecure has not changed…

“Nothing is getting better,” said Craig Gundersen, lead researcher of the report, “Map the Meal Gap 2014,” and an expert in food insecurity and food aid programs.

“Let’s stop talking about the end of the Great Recession until we can make sure that we get food insecurity rates down to a more reasonable level,” he added. “We’re still in the throes of the Great Recession, from my perspective.”

In fact, a different report seems to indicate that hunger in America is actually getting worse…

Children’s HealthWatch, a network of doctors and public health researchers who collect data on children up to 4 years old, says 29% of the households they track were at risk of hunger last year, compared with 25% the year before.

If someone tries to tell you that “the economy is getting better”, that person is probably living in a wealthy neighborhood. Because those that live in poor neighborhoods would not describe what is going around them as an “improvement”.

In particular, many minority neighborhoods are really dealing with extremely high levels of food insecurity right now. The following comes from a recent NBC News article…

“Minorities are facing serious hunger issues. Ninety-three percent of counties with a majority African-American population fall within the top 10 percent of food-insecure counties, while 60 percent of majority American Indian counties fall in that category”

But if you don’t live in one of those areas and you don’t know anyone that is facing food insecurity, it can be difficult to grasp just how much people are actually suffering out there right now.

For example, consider the story of a young mother named Tianna Gaines Turner…

Tianna Gaines Turner can’t remember the last time she went to bed without worrying about how she was going to feed her three children.

She can’t remember the last time she woke up and wasn’t worried about how she and her husband would make enough in their part-time jobs to buy groceries and pay utilities on their apartment in a working-class section of Philadelphia.

 

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And she can’t remember the last time she felt confident she and her husband wouldn’t have to skip meals so their children could eat.

Have you ever been in a position where you had to skip meals just so that other family members could have something to eat?

I haven’t, so it is hard for me to imagine having to do such a thing. But there are millions of parents that are faced with these kinds of hard choices every day.

Things can be particularly hard if you are a single parent. Just consider the story of Jamie Grimes…

After Jaime Grimes found out in January that her monthly food stamps would be cut again, this time by $40, the single mother of four broke down into sobs — then she took action.

The former high school teacher made a plan to stretch her family’s meager food stores even further. She used oatmeal and ground beans as filler in meatloaf and tacos. She watered down juice and low-fat milk to make it last longer. And she limited herself to one meal a day so her kids — ages 3, 4, 13, and 16 — would have enough to eat.

I have such admiration for working single mothers. Many of them work more than one job just so that they can provide for their children. It can be absolutely frustrating to work as hard as you possibly can and still not have enough money to pay the bills at the end of the month.

Those that believe that the economy has gotten “back to normal” just need to look at the number of women that have been forced to turn to government assistance. As I mentioned the other day, a decade ago the number of American women that had jobs outnumbered the number of American women on food stamps by more than a 2 to 1 margin. But now the number of American women on food stamps actually exceedsthe number of American women that have jobs.

RELATED : Market Crash, Global Economic Shocks Coming in 2014, World War 3 Gerald Celente and JP MORGAN ADMITS ECONOMIC COLLAPSE IS COMMING WATCH NOW

The truth is that we are nowhere close to where we used to be. The last major economic downturn permanently damaged the middle class, and now the next major economic downturn is rapidly approaching.

Right now, there are nearly 50 million Americans that are facing food insecurity. When the next economic crisis strikes, that number is going to go much higher.

There is going to be a great need for love and compassion in this country during the hard times that are coming. Instead of just cursing the darkness, I hope that you will choose to be a light to those that desperately need it.

 

Other useful resources:22

Survival MD (Best Post Collapse First Aid Survival Guide Ever)

Backyard Innovator (A Self Sustaining Source Of Fresh Meat,Vegetables And Clean Drinking Water)

Blackout USA (EMP survival and preparedness)

Conquering the coming collapse (Financial advice and preparedness )

Liberty Generator (Build and make your own energy source)

Backyard Liberty (Easy and cheap DIY Aquaponic system to grow your organic and living food bank)

Bullet Proof Home (A Prepper’s Guide in Safeguarding a Home )

Family Self Defense (Best Self Defense Strategies For You And Your Family)

Sold Out After Crisis (Best 37 Items To Hoard For A Long Term Crisis)

 

 

Michael T. Snyder is a graduate of the University of Florida law school and he worked as an attorney in the heart of Washington D.C. for a number of years. Today, Michael is best known for his work as the publisher of The Economic Collapse Blog and The American Dream. If you want to know what things in America are going to look like in a few years read his new book The Beginning of the End.

Gerald Celente and Peter Schiff – Economic Collapse Martial Law – Prepare Now – It Will Happen Really Quick – No One Will Be Immune

Martial Law

Gerald Celente and Peter Schiff – Economic Collapse Martial Law – Prepare Now – It Will Happen Really Quick – No One Will Be Immune

I had the opportunity this week to reconnect with Peter Schiff, CEO and Chief Global Strategist of Euro Pacific Capital.

It was a powerful interview, as Peter indicated the Fed is trapped in a long-term position of destroying the dollar, while mainstream voices cheer resultant new highs of the stock market. Such dollar debasement Peter explained, means “the price of gold is going to skyrocket”—once the negative propaganda wears off. [Read more…]

Will the Global Economy Tumble Off America’s Fiscal Cliff?

European Central Bank President Draghi speaks during Economy Day in FrankfurtBy 

If the U.S. can’t resolve its looming budget problems, the fallout could plunge the entire world economy into a chasm

Forget all of the talk about the rise of China and the shift of economic power from West to East. The U.S. economy remains the largest and most important in the world, and what happens in America still determines what happens to the global economy.Conquering_resize1

No wonder, then, that investors from Hong Kong to London have become fixated on the looming “fiscal cliff” facing the U.S. government. If re-elected President Barack Obama can’t reach a new deal with Republican Party Congressmen in the House of Representatives on closing the country’s trillion-dollar budget deficit, a slate of deep spending cuts and tax hikes will automatically come into effect next year that will in all likelihood derail the slow-moving U.S. recovery from the 2008 financial crisis. That would without doubt do some serious damage to growth globally. Rating agency Fitch proclaimedthat “the U.S. fiscal cliff represents the single biggest near-term threat to a global economic recovery.”

A U.S. plunge off the fiscal cliff would hit the global economy at an especially fragile moment. The news just about everywhere has already been bad. Fears that Japan might slip into (yet another) recession rose on Monday when the world’s third-largest economy reported its GDP shrank by an annualized 3.5% in the quarter ending September. The euro zone is expected to contract in 2012 as well. On November 7, Mario Draghi, president of the European Central Bank, warned  that even powerhouse Germany is starting to suffer the ill effects of the debt crisis. “Germany has so far been largely insulated from some of the difficulties elsewhere in the euro area,” Draghi said. “But the latest data suggest that these developments are now starting to affect the German economy.”

European leaders and the IMF continue to bicker over the bailout of Greece, leaving open the possibility that the country could still get forced from the monetary union. Even emerging markets are struggling. China and India are experiencing their worst slowdowns in many years and both have major reform challenges to confront. No wonder the IMF in October lowered its forecast for global GDP growth to 3.3% in 2014.

(VIDEO: TIME Explains: The Fiscal Cliff )

Next year was supposed to be a bit better. But that depends on the U.S. We’ve already witnessed the drastic impact that rapid fiscal retrenchment is having on some of the weaker economies in Europe, such as Spain. The U.S. would likely face similar turmoil. If the economy takes a full-on dive off the fiscal cliff, it would probably land in another recession. The Congressional Budget Office figures that such a sharp fiscal shock “will lead to economic conditions in 2013 that will probably be considered a recession, with real GDP declining by 0.5 percent between the fourth quarter of 2012 and the fourth quarter of 2013 and the unemployment rate rising to about 9 percent in the second half of calendar year 2014.” Simply put, it would be ugly.

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And not just for Americans. A U.S. leap off the fiscal cliff “would push the country into a recession with large international spillovers,” the IMF warned the G-20 recently. “Even if the fiscal cliff were quickly unwound, the damage to the economy could be substantial.” Fitch calculated that the dramatic fiscal tightening could possibly toss the entire global economy into recession. “While the world economy would still grow 1.3% in 2013, this is just half our baseline forecast of 2.6%,” Fitch said.

The fiscal cliff would transfer to the rest of the world through many channels. The tax hikes and spending cuts would take cash out of the pockets of both companies and consumers, curtailing purchases of everything from German industrial equipment to Chinese-made blue jeans. A U.S. slowdown would also dampen commodity prices, hurting raw material exporters like Brazil and Russia. The jitters created by the uncertainty over U.S. fiscal policy would ripple through global financial markets as well.

Right now most economists are operating on the assumption that the U.S. will avoid falling off the cliff. The general consensus is that the two political parties will reach a compromise and put in place a more measured, long-term plan to reduce the budget deficit without producing a nasty recession in the process. But as my colleague Massimo Calabresi warned, don’t hold your breath that the parties’ differences will be narrowed and compromise reached. However the politics play out, the U.S. is facing a new era of fiscal austerity that will have a dampening effect on the economy. The issue is not if the U.S. will implement spending cuts and tax increases, but what the mix will be, and how deep they will go. There is pressure on American politicians to finally draw up a firm plan to bring its national finances back under control. Rating agency Moody’s threatened to downgrade the government’s credit rating if Washington can’t get its act together. The current top rating would be maintained only if “negotiations lead to specific policies that produce a stabilization and then downward trend in the ratio of federal debt to GDP over the medium term,” Moody’s said.

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So whatever happens in Congress, the world economy is going to have to get accustomed to an American government that doesn’t spend as much as before. A healthier U.S. is good news for the global economy over the long term, but getting there may be painful in the short term.

Other useful resources:

Blackout USA (EMP survival and preparedness)

Conquering the coming collapse (Financial advice and preparedness )

Liberty Generator (Build and make your own energy source)

Backyard Liberty (Easy and cheap DIY Aquaponic system to grow your organic and living food bank)

SOURCE : business.time.com

19 Warnings About A Coming Global Financial Catastrophe

Global leaders have tried just about everything that they can think of, but the coming global financial catastrophe continues to march steadily toward us.  We have seen “stimulus packages”, quantitative easing, bond buying, interest rate cuts, emergency economic summits, bailout packages for banks, bailout packages for entire nations, “Operation Twist”, unprecedented government intervention in business and massive amounts of new government debt and yet nothing seems to revive the global economy.  In fact, it looks like we are rapidly heading into the second dip of a “double dip recession”.  Unfortunately, many believe that this next dip will be more like a full-blown depression.  All over the world, top economic experts are warning that we are facing an unprecedented crisis of debt and insolvency that will result in a global financial catastrophe.  The eurozone is drowning in debt, the U.S. government is drowning in debt and major banks all over the globe are drowning in debt.  Global authorities have been trying to patch the system together and keep it going, but the incredible damage that all of this debt has done is now becoming apparent to everyone.  The global debt bubble that has fueled prosperity in the western world for the last several decades is getting ready to burst, and when that happens the chaos that will result will be absolutely horrifying.

The following are 19 warnings about a coming global financial catastrophe….

1. “Dr. Doom” Nouriel Roubini says that the rapidly approaching financial crisis will be even worse than 2008….

“Worse because like 2008 you will have an economic and financial crisis but unlike 2008, you are running out of policy bullets. In 2008, you could cut rates; do QE1, QE2; you could do fiscal stimulus; you could backstop/ringfence/guarantee banks and everybody else. Today, more QEs are becoming less and less effective because the problems are of solvency not liquidity. Fiscal deficits are already so large and you cannot bail out the banks because 1) there is a political opposition to it; and 2) governments are near-insolvent – they cannot bailout themselves let alone their banks. The problem is that we are running out of policy rabbits to pull out of the hat!”

2. John Embry….

“This situation is unprecedented. The world has never, ever been in a condition like this. As a result, anyone that is complacent here and says, ‘This is just business as usual,’ they are dead wrong and will be shocked at the chaos that is heading our way.”

3. Jim Rogers….

“Just because now you have a way to get them (the banks) to borrow even more money, this is not solving the problem, this is making the problem worse”

4. Prominent Spanish politician Felipe Gonzalez….

“We’re in a situation of total emergency, the worst crisis we have ever lived through”

5. Leader of the UK Independence Party Nigel Farage….

You know, this deal makes things worse not better. A hundred billion [euro] is put up for the Spanish banking system, and 20 per cent of that money has to come from Italy. And under the deal the Italians have to lend to the Spanish banks at 3 per cent but to get that money they have to borrow on the markets at 7 per cent. It‘s genius isn’t it. It really is brilliant.

So what we are doing with this package is we are actually driving countries like Italy towards needing to be bailed out themselves.

In addition to that, we put a further 10 per cent on Spanish national debt and I tell you, any banking analyst will tell you, 100 billion does not solve the Spanish banking problem, it would need to be more like 400 billion.

And with Greece teetering on the edge of Euro withdrawal, the real elephant in the room is that once Greece leaves, the ECB, the European Central Bank is bust. It’s gone.

It has 444 billion euros worth of exposure to the bailed-out countries and to rectify that you’ll need to have a cash call from Ireland, Spain, Portugal, Greece and Italy. You couldn’t make it up could you!

6. Peter Praet, chief economist at the European Central Bank….

“The eurozone crisis is now much more profound and fundamental than at the time of Lehman”

7. Graham Summers….

Angela Merkel is up for re-election next year. There is no way on earth she’ll opt to let Germany get dragged down by the EU. She’s even said she will not allow Eurobonds for “as long as [she] lives.”

This is not empty rhetoric. This is fact. Germany has expressed its intentions dozens of times in the last month: NO Eurobonds and NO guarantee of EU banking deposits.

The reasons for this are simple: EITHER option renders Germany insolvent. It’s already teetering on insolvency to begin with. But to allow Eurobonds or some kind of guarantee of the EU banking system to occur on top of the money Germany has already spent propping up the EU will take Germany down.

The German economy is already slowing. Most Germans are fed up with the Euro. Merkel would rather die than let her country become like Greece (which the creation of Eurobonds or EU deposit guarantees would most assuredly result in).

So Germany is tapped out as well. This leaves… NOBODY.

Again, Europe is out of money. End of story. This is the truth and investing based on the idea of some magical bailout occurring is like investing on Hank Paulson’s Bazooka policy for Fannie and Freddie (three months later the markets imploded).

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8. Peter Schiff….

“I think we’re still in a depression. I think it’s going to be with us for years and years. It could be five or ten years; it could be longer, depending on how long it takes us to recognize our mistakes so that we can begin to reverse them”

9. New York Times columnist Paul Krugman….

“There are a lot of ugly forces being unleashed in our societies on both sides of the Atlantic because our economic policy has been such a dismal failure, because we are refusing to listen to the lessons of history. We may look back at this thirty years from now and say, ‘That is when it all fell apart.’ And by all, I don’t just mean the economy.”

10. IMF Managing Director Christine Lagarde….

“In the last few months, the global outlook has been more worrying for Europe, the United States and large emerging markets”

11. Andrew Kenningham, senior global economist at Capital Economics….

“With euro break-up risk likely to rise in the second half of the year and monetary policy looking increasingly impotent, things could get much worse before they get better.”

12. Zero Hedge….

We now have 80% of the world posting a contraction in industrial activity.

13. Lakshman Achuthan, the co-founder of the Economic Cycle Research Institute….

“What we said back in December was that we thought the most likely start date for the recession would be in Q1, and if not then, by the middle of 2012. I’m here to reaffirm that.

In other words, I think we’re in recession already. As I said back there, it’s very rare that you know you’re going into recession when you’re going into recession. It often takes some big hit on the top of the head. In the last recession it took Lehman to wake people up. In the recession before it took 9/11. 

When you look at the data today, you see industrial production is off of its April high. Manufacturing and trade sales – much broader than retail sales – is off of its December high.

Real personal income growth, which doesn’t always go negative during a recession, has been negative for several months.”

14. Priya Misra, head of U.S. rates strategy at Bank of America Merrill Lynch….

“The global economy is in the midst of a synchronized slowdown, as reinforced by the recent spate of weak economic data”

15. Chris Williamson, the chief economist at Markit….

“Companies are clearly preparing for worse to come, cutting back on both staff numbers and stocks of raw materials at the fastest rates for two-and-a-half years”

16. Howard Archer, chief European economist at IHS Global Insight….

“With the eurozone likely having suffered appreciable GDP contraction in the second quarter and in grave danger of contracting again in the third, and with eurozone business confidence generally low and fragile, the likelihood is that the eurozone unemployment rate will move significantly higher over the coming months”

17. Karl Denninger….

If we keep deficit spending we are simply debasing the purchasing power of the common man in a puerile attempt to pacify the people and avoid holding the financiers who were responsible for this debacle, including Bernanke, Greenspan, Paulson and Geithner along with both Obama and George W Bush to account.  This attempt is mathematically doomed to fail as median family income has not moved which means that we’re shifting an ever-greater part of the population to social programs like food stamps and other handouts while the taxpaying productive population continues to shrink. 

This is exactly how Greece and Spain went down the bowl and we’re right behind them unless we stop this crap right now.

We cannot “bend the curve” or look toward the “intermediate term”; that was exactly the siren song in Europe and it has led to catastrophe as “tomorrow” never comes!  The “intermediate term” is usually defined as three to five years out — we heard of the “intermediate term” in 2008 but now it’s 2012 and none of the retractions in that spending have occurred — the claim that they would be undertaken was a lie.

We must stop the stupid right now!

Arithmetic is a bitch.  It’s politically agnostic and cold-hearted. Exponential growth, as I have repeatedly pointed out, is utterly unsustainable over the long term.  It doesn’t matter if you want these sorts of schemes to work or not; the longer you continue to pretend that there is some path forward that achieves these goals the worse the outcome is when you discover that you’re wrong.

18. LEAP/E2020….

“LEAP/E2020 has never seen the chronological convergence of such a series of explosive and so fundamental factors (economy, finances, geopolitical…) since 2006, the start of its work on the global systemic crisis. Logically, in our modest attempt to regularly publish a “crisis weather forecast”, we must therefore give our readers a “Red Alert” because the upcoming events which are readying themselves to shake the world system next September/ October belong to this category.”

19. Steve Quayle’s anonymous international banking source….

“The Bond market is finished, We all knew that there is a bubble in the bond market, This is the coup de grace that will not pop the bubble, but make it explode with the force of a thousand suns. America will be broke and barren in a blink of an eye! These are two events that I have been warning about are ones that will end your life on this planet as you know it. Your cash will be worthless, your country at a standstill, No money, No food, no essential services, AND WHEN IT ALL STOPS….. YOU STOP.”

So what do you think about these warnings?

Are you concerned that a global financial catastrophe is coming?

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SOURCE : http://endoftheamericandream.com/archives/19-warnings-about-a-coming-global-financial-catastrophe