22 Red Flags That Indicate That Very Serious Doom Is Coming For Global Financial Markets
If you enjoy watching financial doom, then you are quite likely to really enjoy the rest of 2012. Right now, red flags are popping up all over the place. Corporate insiders are selling off stock like there is no tomorrow, major economies all over Europe continue to implode, the IMF is warning that the eurozone could actually break up and there are signs of trouble at major banks all over the planet. Unfortunately, it looks like the period of relative stability that global financial markets have been enjoying is about to come to an end. A whole host of problems that have been festering just below the surface are starting to manifest, and we are beginning to see the ingredients for a "perfect storm" start to come together. The greatest global debt bubble in human history is showing signs that it is getting ready to burst, and when that happens the consequences are going to be absolutely horrific. Hopefully we still have at least a little bit more time before the global financial system implodes, but at this point it doesn't look like anything is going to be able to stop the chaos that is on the horizon.
The following are 22 red flags that indicate that very serious doom is coming for global financial markets....
#1 According to CNN, the level of selling by insiders at corporations listed on the S&P 500 is the highest that it has been in almost a decade. Do those insiders know something that the rest of us do not?
#2 Home prices in the United States have fallen for six months in a row and are now down 35 percent from the peak of the housing market. The last time that home prices in the U.S. were this low was back in 2002.
#3 It is now being projected that the Greek economy will shrink by another 5 percent this year.
#4 Despite wave after wave of austerity measures, Greece is still going to have a budget deficit equivalent to about 7 percent of GDP in 2012.
#5 Interest rates on Italian and Spanish sovereign debt are rapidly rising. The following is from a recent RTE article....
Spain's borrowing rate nearly doubled in a short-term debt auction as investors fretted over the euro zone's determination to deal with its debts.
And Italy raised nearly €3.5 billion in a short-term bond sale today but at sharply higher interest rates amid fresh concerns over the euro zone outlook, the Bank of Italy said.
#6 The government of Spain recently announced that its 2011 budget deficit was much larger than originally projected and that it probably will not meet its budget targets for 2012 either.
#7 Amazingly, bad loans now make up 8.15 percent of all loans on the books of Spanish banks. That is the highest level in 18 years. The total value of all toxic loans in Spain is equivalent to approximately 13 percent of Spanish GDP.
#8 One key Spanish stock index has already fallen by more than 19 percent so far this year.
#9 The Spanish government has announced a ban on all cash transactions larger than 2,500 euros. Many are interpreting this as a panic move.
#10 It is looking increasingly likely that a major bailout for Spain will be needed. The following is from a recent Reuters article....
Economic experts watching Spain don't know how much money will be needed or precisely when, but some are near certain that Madrid will eventually seek a multi-billion euro bailout for its banks, and perhaps even for the state itself.
#11 Analysts at Moody's Analytics are warning that Italy has now reached financially unsustainable territory....
"Italy is already out of fiscal space, in our estimate." said Moody's. "Its debt levels relative to GDP already exceed a manageable level. The manageable limit for Italian 10-year bond yields is estimated at 4.2pc. As of Wednesday, Italian 10-year yields were 5.46pc."
#12 It is being projected that the Portuguese economy will shrink by 5.7 percent during 2012.
#13 There is even trouble in European nations that have been considered relatively stable up to this point. For example, the Dutch government collapsed on Monday after austerity talks broke down.
#14 The head of the IMF, Christine Lagarde, says that there are "dark clouds on the horizon" for the global economy.
#15 The top economist for the IMF, Olivier Blanchard, recently made this statement: "One has the feeling that at any moment, things could get very bad again."
#16 A recent IMF report admitted that the current financial crisis could lead to the break up of the eurozone....
Under these circumstances, a break-up of the euro area could not be ruled out. The financial and real spillovers to other regions, especially emerging Europe, would likely be very large.
This could cause major political shocks that could aggravate economic stress to levels well above those after the Lehman collapse.
#17 George Soros is publicly declaring that the European Union could soon experience a collapse similar to what happened to the Soviet Union.
#18 A member of the European Parliament, Nigel Farage, stated during one recent interview that it is inevitable that some major banks in Europe will collapse....
There are going to be some serious banking collapses and the impact of that on some sovereign states, will be serious. I’m afraid we’ve gotten to a point where we really can’t stop this now. We’re beginning to reach a stage where however much false money you create, the problem becomes bigger than the people trying to solve it. We are very close to that point.
When I talk about the threats and the risk that this thing could wind up in some kind of rebellion, some sort of awful social cataclysm, they (other European politicians) are now very worried indeed. They will talk to you in private, but in public, nobody dares utter a word.
I think the deterioration, in the last two or three weeks, in the eurozone is very serious indeed. It’s the bond spreads in Italy and Spain. It’s the fact that youth unemployment is now over 50% in some of these Mediterranean countries.
It’s riot and disorder on the streets. And yet a month ago I was here and there was Herman Van Rumpuy telling us, ‘We’ve turned the corner. Everything is solved. There are no more problems with the eurozone.’ What a pack of jokers they look like.”
#19 The IMF is projecting that Japan will have a debt to GDP ratio of 256 percent by next year.
#20 Goldman Sachs is projecting that the S&P 500 will fall by about 11 percent by the end of 2012.
#21 Over the past six months, hundreds of prominent bankers have resigned all over the globe. Is there a reason why so many are suddenly leaving their posts?
#22 The 9 largest U.S. banks have a total of 228.72 trillion dollars of exposure to derivatives. That is approximately 3 times the size of the entire global economy. It is a financial bubble so immense in size that it is nearly impossible to fully comprehend how large it is.
The financial crisis of 2008 was just a warm up act for what is coming. The too big to fail banks are larger than ever, the governments of the western world are in far more debt than they were back then, and the entire global financial system is more unstable and more vulnerable than ever before.
But this time the epicenter of the financial crisis will be in Europe.
Outside of Europe, most people simply do not understand how truly nightmarish the European economic crisis really is.
Spain, Italy and Portugal are all heading for an economic depression and Greece is already in one.
The European Central Bank was able to kick the can down the road a little bit by expanding its balance sheet by about a trillion dollars over the last nine months, but the truth is that the underlying problems in Europe just continue to get worse and worse.
It truly is like watching a horrible car wreck happen in slow motion.
The good news is that there is still a little time to get yourself into a better position for the next financial crisis. Don't leave yourself financially exposed to the next crash.
Sadly, just like back in 2008, most people will never even see this next crisis coming.
So do you have any other red flags to add to the list above? Please feel free to post a comment with your thoughts below....
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April 24th, 2012 | Tags: 2012, Banks, Corporate Insiders, Debt, Debt Bubble, Economies, Financial, Financial Doom, Global Debt, Global Financial Markets, Global Financial System, Selling Stock | Category: Financial Markets
« 5 New Lies That The Federal Reserve Is Telling The American People
53 Percent Of All Young College Graduates In America Are Either Unemployed Or Underemployed »
159 comments to 22 Red Flags That Indicate That Very Serious Doom Is Coming For Global Financial Markets
« Older Comments 1 2
April
April 25th, 2012 at 11:41 am · Reply
You are prophesying about LOTS of people losing their jobs and then you make articles like “The Hard Working American vs. The Government Parasite”. You know, there are “hard workers” that are porn surfing on their jobs. There are a LOT of people trying to get a new job, but there are no jobs. You are very unbalanced!
mondobeyondo
April 25th, 2012 at 6:14 pm · Reply
Is that because these government workers have nothing better to do than watch porn on the job?
There’s lots of work to be done. If those people would rather watch porn – fire them, hire me, and let’s get something constructive done.
Hendrik Mills
April 27th, 2012 at 11:05 pm · Reply
April, Michael is not unbalanced at all; the world and the nation are unbalanced. Michael only points out two different facts: One, the United States economy is likely to impose much greater joblessness and hardship on us, soon. Two, the moral character of us, the modern Americans, has fallen so low that many workers do in fact watch porn or do other unproductive things when we are supposed to be working. These two facts are connected, because both are the result of a long-term spiritual decline among us ordinary people and among our leaders.
Peter Jorgensen
April 25th, 2012 at 11:44 am · Reply
Economic Collapse(EC), conclusion:
“The good news is that there is still a little time to get yourself into a better position for the next financial crisis. Don’t leave yourself financially exposed to the next crash.”
Between_the_lines: In other words: “Save yourself”.
EC lists all the symptoms showing the ship is sinking, but never analyzes WHY the ship is sinking or what the crew could do to save it. No! EC shouts “every man for hmself! Just make sure YOU are in the first lifeboat!”. This guy is no George Washington.
He is a Libertarian, and libertarians are against government, nation and country. They want no national government, no nation and open borders.
The correct analyis is: the of state is not sinking, it has been hijacked by pirates, and needs collective action by the crew(nation) in order to overcome them and make them walk the plank.
The libertarians are just clearing the decks to enable the Pirate takeover. All the libertarians are doing is telling each crew member to take lots of food and go to his cabin and lock the door, and pretend the rest of the crew and the pirates don’t exist. Well the Pirates do exist, and they are the private-currency Ponzi-scheme Parasites who infest nations from within. And the correct solution is to rally around the flag, and purge the parasites.
Every nation is drowning in debt(1). If the nations were loaning the money to each other, there would be net creditor nations as well as net debtor nations. But no – they are all broke! So who do they all owe the money too?! Someone must be a net creditor, debits must always be balanced out by credits somewhere. The answer is the private issuers of the private currency(including $ and €) nations rent.
The last segment of this Video
h**p://www.youtube.com/watch?v=JXt1cayx0hs (copy-and-paste with “**” = “tt”)
..explains the correct collective fix. The line on the bottom is marked into 6 major segments, just drag the dot to to the start of the last segment.
FOOTNOTE: (1) Color-coded map: National Debt by country h**p://www.visualeconomics.com/gdp-vs-national-debt-by-country/
mqg25
April 25th, 2012 at 9:46 pm · Reply
There are several schools of thought on Libertarianism. Before you paint it with a broad brush it depends on what philosophers you read. Today most of those who call themselves libertarians take their ideas from Jefferson , Locke, Grotius and Hobbs which advocate limited government but differentiate on where your natural rights come from, social contacts and who controls them.
There are some radical schools of thought called Anarchism which do advocate no government or social controls,i.e’Norm Chomsky.
On a scale of 1 to 10…1 being no goverment ie. anarchy and 10 being absolute government control, libertarinism would rate a 3. We are currently under a 7…and where it goes from here?
Sam
April 26th, 2012 at 8:18 am · Reply
Peter I could not disagree more with you. Michael is doing us a great service by informing us what the lame mainstream media will not. I don’t think he is a liberal and unlike your claim Michael provides solid analysis on economic issues. Also, he has given us information on how people can prepare for the economic crisis. Another thing, interest/usury is a primary cause among other reasons for the global financial crisis. Interest should be eliminated as it just enslaves the debtor into more debt!
tex
April 27th, 2012 at 10:27 pm · Reply
I see very little analysis and even less solution in Michael’s “information”… just a lot of Chicken Little…
davtay
April 26th, 2012 at 10:43 am · Reply
Peter, Do you honestly think the little guy can have an impact on “the private-currency Ponzi-scheme Parasites who infest nations from within”? I suggest a man’s first responsibility is to protect his family as best he can under the circumstances. And, yes, this does include having an adequate supply of food and water and the means to protect it and his family. You also said, “They want no national government, no nation and open borders”. We do want a national government that protects its borders, makes and enforces constitutional laws that apply to all Americans equally (including ALL elected officials),supports a strong national defense, and that stays within the confines of the CONSTITUTION. The problem we have created is a population of freeloaders down to the second and third generation. These people are going to continue to vote in the socialist progressive who promises to give them the most “freebies”. I could go on for pages. The last and most important thing I have to say to you and everyone else is this — nature abhors a vacuum. We took GOD out of our nation and evil filled that vacuum. You may think you have the answer, Peter, but, the correct answer to what ails this nation is to put GOD back in.
jhpace1
April 27th, 2012 at 5:06 am · Reply
I have to agree with davtay against Peter Jorgensen. In the analogy, if pirates have taken over the ship, and convinced the crew to work as slaves, then hiding in your cabin with food and water may be the only option. These pirates have all the Captain’s weapons at their disposal, as well as strong-armed men.
The analogy breaks down because the bad guys read history books too, and each dictatorship tries to make itself more self-perpetuating than the last attempt. In other words, the pirates have hostages and are sending goons to inspect the rooms of the ship for holdouts. Pirates with swords and guns are going to be beating down your door to get you and your stuff.
You can try to “shoot it out” when peaceful means do not work, but wars of attrition are only successful when the population is sympathetic or united. Too many are dependent upon the welfare state, and unwilling to help others. Isolated pockets of holdouts are what the police state and the concentration camps are all about.
Mr. Jorgensen, people already in power are going to have to stand up and take vocal action against the pirates. And lose their military pension, their judge’s position and pensions, and be subjected to the media machine. Secrets need to be told, witnessed, and recorded for grand jury convictions leading to criminal trials. The pirates need to be caught and given long jail convictions. The crew of the ship is complicit in allowing the pirates to run the ship, because of hostages and their meager rationing. Insurrection through the system and against the system is the only choice.
Graham
April 27th, 2012 at 6:42 pm · Reply
Are “99″ little guys more powerful than “1″, when the “99″ act in unison? The “1″ keeps the “99″ divided and distracted for a reason. Don’t be distracted any longer.
“You must be the change you want to see in the world” [Gandhi]
Bryan
April 25th, 2012 at 12:40 pm · Reply
I totally agree with you Dawn just as people ignore the signs of the financial crisis headed our way so they pay no mind to the signs of Christ’s second coming…these financial problems is a part of it. soon a one world order will be inplace it may be coming faster than we realize.
One Truth
April 27th, 2012 at 11:15 am · Reply
Hi Bryan,
You are more correct in what you have said than I feel you realise…..Jesus Christ’s return with the “first fruits” the 144 000 (Gods government)is just around the corner….you will not believe how close it is.
When WW3 begins, and the nuclear bombs go off, dont lose hope, God will intervene to stop us from destroying the world.
Man has had his 6000 years to rule, now it is God time.
The booklet US & Britain in bible prophecy will help those that want to know why America is falling apart. God has forfilled the birth right blessing he promised to Abraham, Isaac & Jacob….now his blessing & protection has been taken away, for many years now.
Bryan
April 25th, 2012 at 12:45 pm · Reply
I agree Dawn his return is on the horizon, sadly just like our soon to come economic crisis people miss the signs, and so many everywhere are missing the signs of the 2nd coming, this article good one at that :-) is a sign we are rapidly heading for the one world government under the antichrist.
STOP THE MADDNESS
April 25th, 2012 at 12:56 pm · Reply
Fed sees more growth? Don’t count on it. Recession ahead.
Christian Science Monitor – 15 minutes ago
Despite the Federal Reserve’s brighter outlook for the economy, consumers won’t spend enough to keep the US from sliding into a moderate recession this year …
I am so glad this whole thing is starting to unravel, I know a lot of people are going to get hurt with whats to come including myself, but we need to get this pain over and done with and start fresh if we want to get our sanity back..
Dragging this out is like a mental patient being sedated and restrained in 4 points, instead of getting the help they really need.
Phillip Sherwood
April 25th, 2012 at 1:15 pm · Reply
Sorry everyone. No collapse until AFTER the election. At least the politicians hope so.
Paul
April 25th, 2012 at 2:01 pm · Reply
Ron Paul 4 President!!
mondobeyondo
April 25th, 2012 at 5:57 pm · Reply
As much as I wish it were so, it appears to be Obama vs. Romney at this point.
B****** Dingle
April 25th, 2012 at 2:26 pm · Reply
You scared?
BlueFlag
April 25th, 2012 at 2:40 pm · Reply
Your article came out at the wrong time.
The market is up today, and yesterday.
blue calls
April 25th, 2012 at 7:56 pm · Reply
blueflag please reread #1 red flag again and you will know why the markets are up there will be a crash like always thanks……
Kevin2
April 25th, 2012 at 2:45 pm · Reply
The #1 was always a prime indicator for me. When the board of directors sells you can bet on a drop coming. When various boards of directors sell it’s even more alarming.
Cinderella Man
April 25th, 2012 at 4:28 pm · Reply
Fox Business this morning said that the UK is officially back in recession again. Also orders for durable goods in the US are at their lowest levels in 3 years. Sounds like a fine hope and change recovery to me. Another red flag is the tax armmegeddon that awaits us at the end of the year. Couple that with possible enviromental calamities (Fukushima, tornadoes, drought and fires) and the Mayans look right a little more each day….
mark
April 25th, 2012 at 5:07 pm · Reply
Nothing to worry about. It’s all suppose to happen for the Word of God to be fullfilled.
Washington
April 25th, 2012 at 5:18 pm · Reply
Historically, gold, silver, and copper were used as monetary based on their
fair value as exchange medium in fair trade.
Now, gold and silver are both dismissed from their monetary function. Only copper
is the only metal still left to be used as money. Even so, the copper monetized
today is based upon its face value and not upon its fair value. As such, the
basic form of human ties in transaction is therefore corrupted and not a fair
trade among us anymore.
This calculation was intended to bring back the fair trade for the sake of
just in mankind. Copper will be used as the basic reference, and solely on its
fair value. In monetary term, USD will be used as unit only because of it
recognition worldwide.
Base value = material cost
Face value = denomination value
Base value copper = usd 3.71/lb = USD 0.008/g
Base value nickel = usd 8.15/lb = USD 0.018/g
US dime face value USD 0.10
Dime composition copper 91.67% nickel 8.33%
Dime weight = 2.268g
Dime copper’s weight 2.268g x 0.9167 = 2.079g
Dime nickel’s weight 2.268g x 0.0833 = 0.189g
Dime copper’s base value = 2.079g x USD 0.008/g = USD 0.017
Dime nickel’s base value = 0.189g x USD 0.018/g = USD 0.003
Dime base value = USD 0.02 ( only 20% or one-fifth from its face value usd 0.10)
With a dime, based on its face value you can purchase its base metals 5 times more
than the dime contents ie copper at 2.079g x 5 = 10.395g and nickel at 0.189g x
5 = 0.945g.
10.395g copper x USD 0.008/g = USD 0.083
0.945g nickel x USD 0.018/g = USD 0.017
Total 10.395g copper 0.945g nickel = USD 0.10, base value
Dime 2.079g copper 0.189g nickel = USD 0.10, face value
Total 10.395g copper 0.945g nickel = Dime 2.079g copper 0.189g nickel. Not a
fair trade! Solution?
As such, the dime will be pegged to its face value as unit only, and copper and
nickel price will be adjusted accordingly. (or else fixed the metal base price
and issue new coinage with fair value weightage/content)
Base value copper new = USD 0.04/g
Base value nickel new = USD 0.09/g
Further to this, all good will be priced accordingly
Old silver price USD 1.25/g to new silver price USD 6.25/g
Old gold price USD 56.25/g to new gold price USD 281.25/g
Old rice price USD 0.75/kg to new rice price USD 3.75/kg
With the standardisation of all goods, based on dime unit which transpire on
copper value, gold and silver can now be used as money again against the fiat
money. Any price fluctuation for any goods now will solely be on its actual
fair trade with only stock manipulation rather than purely fiat money price
manipulation based on credit without stock. Stock manipulation is more easily
apprehended and therefore more risky for the manipulator, other than the
lifespan/storage/delivery limitation of the goods. Hopefully in the future, the
rich with whole lot of gold and silver, realised the agony of safekeeping their
wealth/fort, will not recreate the same fiat system again, but acknowledge the
real joy of giving with real goods and not fiat IOU paper.
With the gold and silver standard back again, foreign exchange will now be
back to fair barter trade again. Gold and silver as the commonly accepted
exchange commodities will only exchange hand when the nations traded do not
have common commodities of interest to barter.
In monetary unit, the gold and silver exchange rate when in foreign countries
will depends on the other countries base metal money.
In Canada, Canadian ten cents CAD 0.10 is 1.75g
92% steel x 1.75g x USD 0.003/g = USD 0.005
5.5% copper x 1.75g x USD 0.008/g = USD 0.001
2.5% nickel plating x 1.75g x USD 0.018/g = USD 0.001
Therefore, Canadian ten cents CAD 0.10 base value = USD 0.007
Thus, the exchange rate US dime/Canadian ten cents = USD 0.02/USD 0.007 = 2.8
( because the dime base value was based on old price, the same applies to the
Canadian ten cents. Both must be on the same, either old or new will still give
2.8 )
In Autralia, Autralian ten cents AUD 0.10 is 5.65g
75% copper x 5.65g x USD 0.008/g = USD 0.034
25% nickel x 5.65g x USD 0.018/g = USD 0.025
Therefore, Autralian ten cents AUD 0.10 base value = USD 0.059
Thus, the exchange rate US dime/Autralian ten cents = USD 0.02/USD 0.059 = 0.3
Good Day! Pls spiral.
mondobeyondo
April 27th, 2012 at 8:52 am · Reply
It’s too late to save pre-1965 dimes and quarters – those are no longer in circulation – but there are still pre-1982 pennies floating around out there. The copper content in those coins (96 percent copper, 4 percent tin at the time), is worth almost twice the face value of the coin itself. After 1982, the U.S. Mint switched the metal content of the penny to 96 percent zinc, with a copper coating on the surface. I know. I used to collect coins as a kid.
Find as many of those pre-’82 pennies as you can, and save them in an old coffee can or something (I prefer empty Maxwell House cans, but any receptacle will do. hehe)
mondobeyondo
April 25th, 2012 at 5:50 pm · Reply
Okay… so what does the 2008 financial crisis have to do with the upcoming 2012 financial crisis?
It’s worse, a lot worse.
In 2008 it was big investment banks on the brink. Now, it’s entire countries in Europe (and their investment banks) on the brink. And no bailout plan on earth is enough to save them.
It’s going to bring down entire governments (it’s already happening in Holland. France may be next – French President Sarkozy is on wobbly ground). And those countries aren’t even being directly affected yet!
What happened on the small scale level in the U.S. will be brought to the international level in Europe, and for many of the same reasons. Bad loans. Not subprime loans as in the U.S., but government loans made by Greece, Italy, Spain, Portugal, etc. The same result, just on a much larger scale. What happened to Bear Stearns, Lehman Brothers, AIG – IT’S ALREADY HAPPENING!!
Look at Greece. They’re in a world of hurt. Can the ECB/Germany bail them out? Is Greece “too big to fail”? How about Spain? Or Italy? What if they are not bailed out, and are just allowed to collapse, like Lehman?
Oh yeah, remember the derivatives exposure that U.S. banks have. You think we’re safe here in the good ‘ol USA? Ha ha… The Dow Jones and Nasdaq already respond to whatever is happening in Europe. Any negative economic news from Europe gives U.S. stock markets the jitters.
The world economy is walking a tightrope, especially in Europe. Hopefully the European leaders are very good tightrope walkers, because it’s a loooong way down, and there’s no net underneath.
Your Johnson
April 25th, 2012 at 6:51 pm · Reply
Been reading blog for a while. I’m pessimistic, but not to the point of posting doomsday after doomsday (all hell’s going to break loose tomorrow)messages. Seriously, have a glass of wine and relax.
Ralphieboy
April 25th, 2012 at 7:00 pm · Reply
Many conflicting signals now. Durable goods orders are down by more than four percent, but consumer spending is up. Concur that all strings will be pulled prior to election day to keep the game going. But also consider this: A global collapse hurts everybody, even the elites. I am not so sure a sudden global collapse will occur -but rather we’ll have a slow but steady spin into the deep abyss. Too much shock and chaos and revolution reign. Better a gradual descent into misery. Either way, most of my business associates are fully aware and are personally preparing – converting assets into traditional stores of value – precious metals, agricultural property et al. Seems also to be the case for the corporate execs unloading their shares. But I have one question. Where do these “retired” bankers go? Any retiring bankers out there willing to tell us what’s up?
And by the way – a comment for Peter Jorgenson. You really have libertarians all tidily summed up, don’t you? You might check your assumptions. Libertarians are not for no government, only small government. True libertarians are not for private currency – but for currency backed by the fixed store of value offered by gold. This approach eliminates a fractional banking system which lends money it doesn’t have – or creates money from nothing to mire the world in debt, a simple way to hold massive leverage over nations and political systems. Keynesian economics was the academic excuse which has rationalized this process. Keyenes, by the way, was a Fabian socialist – a philosophy that advocated a non violent approach with the goal of pure communisim.
The real pirates are the central bankers who have made this president moribund scenario all possible.
McKinley Morganfield
April 25th, 2012 at 9:42 pm · Reply
“… a wealth surplus of close to 150 trillion$$$.”
“You are traveling through another dimension, a dimension not only of sight and sound but of mind. A journey into a wondrous land of imagination. Next stop, the Twilight Zone!”
There is no wealth surplus of $150,000,000,000,000 in this dimension or this planet.
Chris
April 25th, 2012 at 10:29 pm · Reply
What is a ponsi scheme? It is were the income of the borrower cannot sustain the payments, forcing the borrower into an increasing debt cycle of increased borrowing to make payment(Quantative easing). This unfortunately does not solve the problem in simple lending terms if you cant afford your current loan how can u afford the new increased loan It cannot and will not be solved by increasing the debt,There is only one way out of a ponsi scheme, that is to write down the outstanding balance.My experience tells me that if you subtract the actual amount lent against the actual amount repaid the balance left is all interest. a write off simply means no profit has been made. however this write down is currently being passed on to Joe public by the decrease in value of everyones assets, leaving the bankers of this world with there interest in tact and still payable.
Paul
April 26th, 2012 at 1:21 am · Reply
I witnessed dark clouds yesterday on the highway.
I switched on the wiper and avoided changing lanes, just going straight ahead, leaving a bit of distance to the guy in front.
And everything worked out just fine. No jam, no accident, no breakdown. Just a bit slower than the usual 20 miles over the speed limit.
Paul
April 26th, 2012 at 1:22 am · Reply
Spain prohibited COMMERCIAL cash payments. That is B2B cash payments!
It is prohibited in most places anyway. And when was the last time you used cash in the US?
Sunny Dhillon
April 26th, 2012 at 5:40 am · Reply
A Good post when it comes to the facts. No doubt the global economy will recede further due to the possible collapse of the EZ however i doubt it will be as bad as it sounds…….
Washington
April 26th, 2012 at 8:58 am · Reply
DO NOT pay attention to the stock market BUT instead pay attention to the DERIVITIVES.
Lewis
April 26th, 2012 at 11:34 am · Reply
Throw in Climate Change,Earthquakes,Volcanoes & Other Disasters between Now and 2030 and there is little hope for civilization of making it past 2030 at best! No wonder people focus on eat,drink and sleep with Mary! Porn! Obsession with porn and the so called good life is a distraction to the COLD BLOODED REALITY THAT THE PARTY IS JUST ABOUT OVER!!! AND THERE IS ONLY DECAY AND DEATH IN OUR FUTURE!
SMASH THE CONTROL MACHINE
April 26th, 2012 at 3:13 pm · Reply
AMERICA OR Babylon trades with all the nations of the world, and forges the most complex trading and merchandising system the world will ever see. This trading system is forged over many years, and Babylon slowly waxes RICH, AND BECOMES THE RICHEST OF ALL THE NATIONS!! It is this trading system that propels BABYLON TO THE HEIGHT OF HER POWER. Via her wealth, she can afford the greatest military machine ever seen upon earth! She can afford to spend the money required to build huge corporations, huge foundations, because wealth begets more wealth!!
THE MERCHANTS OF BABYLON CALLED THE GREAT MEN OF THE EARTH.
One of the other key parameters to identify Babylon is that her merchants are called the GREAT MEN OF THE EARTH:
“…FOR THY MERCHANTS WERE THE
GREAT MEN
OF THE EARTH;
for BY THY SORCERIES WERE ALL NATIONS DECEIVED
(Revelation 18:23).”
This parameter is very strict in truth, for it requires that Babylon’s merchants BECOME THE LEADING MERCHANDISERS OF THE ENTIRE WORLD, and that their CORPORATIONS become GIANTS OF INTERNATIONAL TRADE. forging the most powerful trading system in the world. The corporations of Babylon grow to be huge conglomerates, which become MONOPOLIES, and their wealth becomes staggering. They have corporate headquarters in most nations, and their trading system forges a web that covers the entire globe. This large end time trading system is more powerful than Governments, and in fact, FORGES THE INDUSTRIAL- GOVERNMENTAL-MILITARY COMPLEX OF THE ANTICHRIST!
Does Iraq fit this parameter? Does Iraq have the largest corporations of the world? Does Rome? Does the EC? We know the answers to this. America, with her IBM, 3M, EXXON, GULF OIL, and long list of other huge corporations SPANS THE GLOBE, AND TRADES AND DEALS IN EVERY NATION UPON EARTH. Indeed, America fits this parameter like a glove, AND NO OTHER NATION UPON EARTH CAN BOAST OF THIS ACCOMPLISHMENT. American corporations have industrial plants all over the world, and their trading system has in fact formed a web that covers the whole earth, and has also forged an industrial, governmental and military complex the likes of which have never been seen before!!
The very center of this huge trading colossus is THE GREAT CITY BABYLON, NEW YORK CITY. The largest corporations of America, and the world, have headquarters or offices either in or near NEW YORK CITY. TO CONDUCT TRANSACTIONS ON WALL STREET and the World Trade Center. The largest stock market in the world sits in New York City, with the DOW JONES AND NEW YORK and AMEX STOCK EXCHANGES! If Wall Street falls, THE ENTIRE WORLD WILL FALL WITH IT. If the American business machine fails, THE ENTIRE TRADING SYSTEM OF THE WORLD FAILS WITH IT. The “rich men” all have offices in New York, regardless of their HOME NATION. New York is THE IMAGE OF BABYLON, THE GREATEST CITY IN THE WORLD.
“And the KINGS OF THE EARTH,
who have committed
FORNICATION AND LIVED DELICIOUSLY WITH HER,
SHALL BEWAIL HER,
AND LAMENT FOR HER,
when they shall see the smoke of
HER BURNING
(Revelation 18:9).”
They wail and bemoan this mighty NATION BABYLON, for when Babylon is destroyed, THEIR ENTIRE TRADING SYSTEM GOES UP IN SMOKE WITH HER. Because most of the merchants of the earth have their money tied up in U.S. stocks, U.S. CORPORATIONS, AND LAND INVESTMENTS, and many have their gold and silver stored in America, when AMERICA IS DESTROYED, THEY ARE INSTANTLY BANKRUPT, and the entire system crashes to the ground! New York City REPRESENTS the wealth of America, just as the GREAT CITY BABYLON represents the wealth of THE NATION BABYLON. When the CITY BURNS, the NATION BURNS WITH HER.
Thus we can prove that America, the MIGHTY BABYLON, is the central hub of all world trade. The VELOCITY OF EXCHANGE in WALL STREET is unexcelled in the world. NEW YORK CITY IS THE WORLD’S FINANCIAL HUB, something that even the world’s largest bankers and financiers readily acknowledge in their writings. CNN’s MONBEYLINE announces it on every program!! Indeed, THE AMERICAN BUSINESSMEN, THE AMERICAN CORPORATE LEADERS, ARE THE GREAT MEN OF THE EARTH. With their INTERLOCKING DIRECTORSHIPS, with their connections to GOVERNMENT AND MILITARY LEADERS, these men wield tremendous power, and they are referred to as the “RICH MEN OF THE EARTH”. The word “Great” means LORDS. THUS THEY ARR THE “LORDS OF THE EARTH”.
You see, the entire BABYLONIAN SYSTEM is primarily ECONOMIC. It is from this ECONOMIC BASE that it has the power to forge a ONE WORLD GOVERNMENT, ONE WORLD RELIGION, AND A ONE WORLD ECONOMY. It is the G-7 nations that are pushing for THE NEW WORLD ORDER. The G-7 are the richest nations upon earth! THE BIBLE DOES NOT LIE. It is from this economic base that the RICH MEN OF THE EARTH have been able to weave their web of financial control and then to LEND TO ALL NATIONS, AND REAP HUGE PROFITS FROM MANIPULATED INTEREST RATES, DEPRESSIONS AND RECESSIONS.DOES THAT SOUND LIKE US????
Cris
April 26th, 2012 at 8:16 pm · Reply
The Seventh head of the Beast(Great Britain/America) is about to suffer the prophesied death stroke. Prepare for the 8th and Final King to rule the world under tyrannical rule. Its’ gonna happen, YOU HAVE NO CHOICE IN THIS MATTER!
Gods plan is working out just like it’s supposed to, and only through his son will ANYBODY be saved, of which YOU DO HAVE A CHOICE IN THE MATTER!
Wade
April 27th, 2012 at 2:02 pm · Reply
Until we get rid of the central banking system and the so-called “Federal” Reserve, we have little or no chance of changing the direction of our decline and impending collapse. The Federal Reserve Bank is no more “Federal” than Federal Express! They are simply a group of private investors who are becoming rich and powerful from totally deceitful business practices. They MUST be stopped if we are to ever begin the healing needed to save this Republic! Usury is un Constitutional, and is what the FED has used to bring our country to its kness and to the brink of extinction.
Graham
April 27th, 2012 at 7:23 pm · Reply
Is “Christ Conscienceness” not an option?
I’m just wondering what God’s “other” children are supposed to do, who were born into a different faith. One people (humans), many colours (differing DNA) and multiple belief systems, some of which date back 6,000 years (Vedas).
I have the funny feeling that your take on the matter has caused war and death on a massive scale. The “Law of Freewill” is “Universal” and not denominational. I don’t see where this law fits in with your indoctrinated perspective that creates a “divide and conquer” mentality amongst people.
I suggest you read the Quran and the Torah then reconsider your level of respect for God’s “others”. Remember that Jesus was himself a Jew! Realise he was not the only “prophet” either, but one of many. You may also want to consult a “pre” King James VI bible then question your church leaders about the changes.
If they are prepared to put “People before Profit”, especially in certain American churches, they might tell you the truth and realise that the “flock” have been somewhat misdirected. Something that has helped the creation of a “One World Order” immensely. Look a lot closer at Abraham! Is he a faith “uniter”? Also research the bloodline of King James VI. Kings rule over people. Problem?
“Do not pretend you can love others until you realize them as being one with yourself.” [Nisargadatta Maharaj]
DIVINA
April 27th, 2012 at 9:46 pm · Reply
As a rule, trouble is worse in anticipation than in reality. This is not true of the crisis before us. GOLD and SILVER will NOT buy food if food does not exist because of famine, drought, floods or pestilence. The CRISIS has come because of SPIRITUAL deformaties – every imagination of the thoughts of our hearts are only evil continually -as before the flood. Therefore, “The nations are in unrest. Times of perplexity are upon us. Men’s hearts are failing them for fear of the things that are coming upon the earth. But those who believe in God will hear His voice amid the storm, saying,
“It is I; be not afraid.” The Signs of the Times, Oct. 09, (1901), Author, Ellen G. White
James 5:1 – Go to now, ye rich men, weep and howl for your miseries that shall come upon you. James 5:2 – Your riches are corrupted, and your garments are moth eaten.
James 5:3 – Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days
James 5:4 – Behold, the hire of the laborers who have reaped down your fields, which is of you kept back by fraud, crieth: and the cries of them which have reaped are entered into the ears of the Lord of Sabaoth.
James 5:5 – Ye have lived in pleasure on the earth, and been wanton; ye have nourished your hearts, as in a day of slaughter.
James 5:6 – Ye have condemned and killed the just; and he doth not resist you.
Luke 21:35 “For as a snare shall it come on all them that dwell on the face of the whole earth.”Isaiah 24:1 Behold, the LORD makes the earth empty, and makes it waste, and turns it upside down, and scatters abroad the inhabitants thereof.
Isaiah 24:20 The earth shall reel to and fro like a drunkard, and shall be removed like a cottage; and the transgression thereof shall be heavy upon it; and it shall fall, and not rise again.
These prophesies could apply to anyone of us, our courtry, our elite leaders, or spiritual leaders. We must put away “self.”
sasquatch
April 28th, 2012 at 2:12 am · Reply
ya know, for me reading all of this in it’s entirety, i have to say some of you are so darn smart in all this that it’s amazing how some know money very well. Most likely from their college days and their own jobs. it’s good reading and yep, one world govt. is systematically being orchastrated by many. Hold on and i’m actually thinking of selling my boat and button up the hatches and buy a better vehicle on gas from the 8.0 mpg i currently get.
larry redmond
April 28th, 2012 at 9:38 am · Reply
any other ponzi schemes ? live in penna its getting bad now. bank exec resigning , gas and kids college tuition goin up ! doesnt biden own near a dozen homes ? isnt harvard really expensive ? good grief ! its like a brick wall with the economy and everyones shopping for lowest price , we have a lowes and home depot every 5 miles . cvs walgreens and a food franchise at every light ! how do we spell to much .. renting a movie at blockbuster , oops
patriot alice
April 28th, 2012 at 11:57 am · Reply
Mr. Bernanke is doing a great job balancing this crisis…He will aid “QE3″ the economy if it falls too much, and Europe will do the same…Printing money is the only solution left for the West…The result will be, many more people will fall into poverty from the middle classes, creating a whole new class of minimum wage earners, who will have to work and save their way back…The financial world will not come to an end.
Henry Paulson, a Christian Scientist, Ben Bernake, a stand up guy, and the cool collected Tim Geithner stopped the last crash by entering a digit into the computer, a digit, like a "0".
Financial birds are the least reflective of all birds, they are ' it is what it is ' types. So it took some time to enter a digit into the computer.
No one can stop the doomsday end of the world guys from standing on street corners wearing sandwich boards that say THE END IS NEAR, doomsday sayers have been on street corners saying the end is near for 100 years.
And it is a challenge to stop low life predators from selling homes worth 30,000 for 300,000..... plus interest .... to the math challenged.
Predatory lending laws have been put in place. Now predators offer to carry inflated debt themselves-(that's a red flag) Showing price inflators, price gougers are desperate, desperados. It pays to price shop and do math or buy a calculator and seek many good counselors if you do not know how to do math.
And a beer and burger at a cafe will set you back 22 USD in other european cities. Guess the guys who drive to their mistresses houses and drink booze will just have to walk, bicycle or take the tram, carry water and a sandwich from home in a brown paper bag. Tsk tsk..
(Heaven forbid they stay home and post on the internet!!! Nooooo!)
Soros is a dying old clown, an international piriah with money, he could not even takeover iceland, tiny ICELAND told soros 'get lost.'
Italy-no shortage of pasta, spain has good growing seasons, greece has abundant wild herbs and good climate.
Greece, a cut back in gyros will not hurt any pot bellies.
London pensioners have taken a cut
And many usa towns can not pay teachers policemens and firemens higher pensions, so pensions have been reduced to managable levels.
It is only common sense to live within ones means.
Tulip bubbles ensnare the greedy
regarding all the fears of the confused or godless, it is good to remember:
Maybe gas is $14 a gallon over somewhere else on planet X, but on this forum, those who stumble upon some postings get a free benefit of a lifetime's worth of gassing.
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