Monday, September 26, 2011

BBC Speechless As Trader Tells Truth: "The Collapse Is Coming...And Goldman Rules The World"

Trader on the BBC says Eurozone Market will crash.

In an interview on BBC News this morning that left the hosts gob-smacked (google it... it is the BBC after all), Alessio Rastani outlines in a mere three-and-a-half-minutes what we all know and most ignore. While the whole interview is worth watching, the money shot for us was "This economic crisis is like a cancer, if you just wait and wait hoping it is going to go away, just like a cancer it is going to grow and it will be too late!". While he dreams of recessions, sees Goldman ruling the world, and urges people to prepare, it is hard to disagree with much (or actually anything) of what he says and obviously interventions and machinations means we will have days like this (in Silver for instance), there is only one endgame here and we hope there is less hopeful euphoria (and more preparedness) as we pull back the curtain further and further.



Source: ZeroHedge

Saturday, September 24, 2011

'Gay' culture war: It's nearly lost

Scott Lively


Many Christians are only now awakening to the seriousness of the threat to our society posed by the homosexual movement. But, unfortunately for us all, it is only the sounding of the victory trumpets by "gay" activists that has stirred Christians from their slumber. The watchman's walls have been broken and breached, the village is in flames, and triumphal "gay" culture warriors are leading a long string of young prisoners by their necks into the woods. Most disturbingly, many of the captives, including some of the children of these still sleepy-eyed Christian parents, seem happy to go.

I have long warned that the homosexuals agenda is not about tolerance but control. It started, of course, with a plea for tolerance, but then immediately shifted to a demand for acceptance and in due time to celebration of all things "gay."

It wasn't enough, however, for prominent public officials in every major city to lead the "Gay Pride" parades. No, the agenda continued to unfold to another level, requiring forced participation in "gay" culture. Much of the country is on that cusp of celebration/coercion today, led by California with it's new aggressive K-12 homosexual advocacy curriculum, mandated by law.

Even conservative Texas is not immune. Just this week Fox News covered the story of a ninth grader suspended from school for telling a classmate he believes homosexuality is wrong. The outraged teacher who demanded punishment for the boy reportedly keeps a picture on the classroom wall of two men kissing and frequently steers classroom discussions to the homosexual issue.

It took the intervention of a Christian public-interest law firm to get the school to rescind the suspension. But how many students of this same teacher have over the years simply assimilated his values as normal, their parents none the wiser?

Were the Nazis anti-homosexual? Far from it! Find out the truth in Scott Lively's jaw-dropping book "The Pink Swastika"

More importantly, how many other classrooms across America are headed by such men and women? Their activist network, the Gay Lesbian Straight Teachers Network (GLSTN – later changed to "education network" GLSEN to hide the teacher/activist association) was powerful enough to launch its founder Kevin Jennings to the position of Obama White House "safe schools" czar for a time. I'd guess their agenda is an influence in just about every classroom by now.

I'm old enough to remember the debate about whether homosexuals should be allowed to be teachers at all, let alone allowed to punish students for disagreeing with the class-time advocacy of their sexual lifestyle. I remember the protestations from the pro-homosexual side, that "gays and lesbians just want the right to be left alone. They would NEVER interject their private lives into the classroom." They all lied, and we believed them, and now our children and grandchildren are being forced to celebrate "gay" culture under penalty of law.

That is the end game for the "gays." The final stage of their agenda, which has always been about taking control of things, is the power to punish dissent: to silence or crush their detractors. They only have this level of control in a few places yet, but they are moving fast to achieve it everywhere, and the momentum is on their side. And wherever they have it, they use it.

This brings me, in conclusion, to the subject of "gay marriage." Huh? How does "gay marriage" in any way relate to homosexual propaganda in schools? Or to Christian parents awakening late to the indoctrination of their children?

It is the same issue, my friends. "Gay marriage," "gay" curriculum, "gay" parades, "gay" TV shows, "gay" soldiers, "gay" adoption, "gay" diseases, "gay" recruitment and on and on. So many seemingly separate issues that are really just one issue: the unnatural, dysfunctional, personally and socially destructive phenomenon of homosexual sin. We are warned clearly and emphatically about it in the Bible. We have seen its corrupting effect in history. And we are literally watching its ethic of sexual anarchy supplant the biblical model of family as the guiding value system of our society.


I'm not going to add here how much I really love homosexuals and just hate their sin. As a question of public policy it really shouldn't matter what I think about the perpetrators, just whether I am telling the truth about their agenda. I don't want to reinforce the ridiculous assumption that Christians need to offer a disclaimer to prove they aren't haters. It wouldn't mitigate their hostility toward me for saying it anyhow. Trust me.

I'm not saying here that Christians are without hope of overcoming the challenge before us. Nothing, after all, is impossible with God. What I am saying is that we cannot possibly win, especially at this late stage of the game, if our "heroes" continue to fiddle about with the "definition of marriage" and fall all over themselves trying to prove they're not haters by endorsing other, non-marriage-related bits of the "gay" agenda.

We need to stand firmly and unapologetically on the hard truth that homosexuality is not a benign, morally neutral social phenomenon. It is an insidious and contagious form of sexual perversion condemned by God as an abomination. I cringe even writing these words because I know the wrath I am inviting on myself. Still, someone needs to say this boldly and publicly because it is the truth, and only the truth can set us free of the political correctness that has imprisoned us until now.

The homosexual agenda represents an existential threat to Christian civilization and we're in the final phase of the war, losing badly. It all hinges upon you, Christian reader. Either get into the "game" in earnest, immediately, or wave goodbye.

Dr. Scott Lively is an attorney, pastor and author of several books on the homosexual agenda, including "The Pink Swastika: Homosexuality in the Nazi Party" (co-authored by Jewish researcher Kevin E. Abrams).

Source: WorldNetDaily

Gardasil Vaccine, Injection of Death!

Alex Jones interviews Dr. Sherri Tenpenny on the dangers of Gardasil, a topic that has found its way into the spotlight following Rep. Michele Bachmann’s comment that Big Pharma’s HPV vaccine is dangerous.





Source: Infowars.com

Is The U.S. Government Stockpiling Food In Anticipation Of A Major Economic Crisis?

Is the U.S. government stockpiling huge amounts of food and supplies in anticipation that something bad is about to happen? Is something about to cause a major economic crisis that will require large quantities of emergency food? For a while, I have been hearing things about the government storing food through the grapevine and I have not been sure what to think about those rumors. Well, today I received a phone call that blew me away. I debated for quite a while before I decided whether or not to share this information with you all. Normally I do not like to talk about anything unless I am able to prove it by pointing to an article in the mainstream media. But the source of the information that I am about to share with you is rock solid. I cannot reveal his name, so you will just have to trust me on that. Hopefully the following information will be one more "dot" as we all try to connect the dots about what is really going on out there.

This morning I received a call from a very prominent person in the storable food industry. He has asked me not to reveal his name. I have been dealing with him for an extended period of time and I consider him to be a rock-solid source. When I talked to him today, he had just received a huge order for storable food from a U.S. government source. He told me that the dollar amount of the order was in the "five figures".

When he asked about why so much food was being ordered, the government source told him essentially that "you know what is coming". When pushed further, the government official did not elaborate.

It was unclear whether this was part of a larger food stockpiling program by the government. Perhaps this order was just part of the normal preparations that government agencies make for potential emergencies.

Nobody could blame the government for storing up some emergency food. That is something that we all should be doing.

The truth is that the government is taking emergency preparedness very seriously these days. For example, you can see video of a high-level NASA official urging NASA employees to develop preparedness plans for their own families right here.

But what if this is a sign of something bigger?

Remember, this is not some rumor I just pulled off the Internet. This is not something that someone got from "an aunt" somewhere.

I got this information over the telephone from the person who took the order.

I promised that I would not reveal any more specific details, so I won't.

But this does seem to fit with a pattern that we are beginning to see emerge.

Earlier this year, FEMA issued an RFI (Request For Information) that inquired about the availability of 140 million meals of emergency food. Apparently the food was meant to be stored up in case there was a "catastrophic disaster event" along the New Madrid Fault.

You can view this FEMA RFI right here. The following is an excerpt....

The Federal Emergency Management Agency (FEMA) procures and stores pre-packaged commercial meals to support readiness capability for immediate distribution to disaster survivors routinely. The purpose of this Request for Information is to identify sources of supply for meals in support of disaster relief efforts based on a catastrophic disaster event within the New Madrid Fault System for a survivor population of 7M to be utilized for the sustainment of life during a 10-day period of operations. FEMA is considering the following specifications (14M meals per day):

- Serving Size - 12 ounce (entree not to exceed 480 calorie count);
- Maximum calories - 1200 and/or 1165 per meal;
- Protein parameters - 29g-37g kit;
- Trans Fat - 0;
- Saturated Fat - 13 grams (9 calories per gram);
- Total Fat - 47 grams (less than 10% calories);
- Maximum sodium - 800-930 mg;

Requested Menus to include snacks (i.e. fruit mix, candy, chocolate/peanut butter squeezers, drink mix, condiments, and utensils). All meals/kits must have 36 months of remaining shelf life upon delivery. Packaging should be environmentally friendly.
Mysteriously, seven days later this RFI was cancelled.

At that same time, FEMA also issued an RFI that sought to identify a supplier for 140 million blankets. You can view that RFI right here. The following is an excerpt....

The Federal Emergency Management Agency (FEMA) procures and stores blankets to support readiness capability for immediate distribution to disaster survivors routinely. The purpose of this Request for Information is to identify sources of supply for blankets in support of disaster relief efforts based on a catastrophic disaster event within the New Madrid Fault System for a survivor population of 7M to be utilized for the sustainment of life during a 10-day period of operations. FEMA is considering the following specifications (14M blankets per day):

- 100% cotton;
- White;
- 66" x 90"
Also, there have been some much publicized shortages of storable feed recently. There has been much speculation about whether or not the government is part of the reason for these shortages.

There are some products that simply were not available for an extended period of time. For example, the following was posted on the Mountain House home page....

As you know we have removed #10 cans from our website temporarily. The reason for this is sales of #10 cans have continued to increase. OFD is allocating as much production capacity as possible to this market segment, but we must maintain capacity for our other market segments as well.
The shortages around the country got so bad at one point earlier this year that a special alert was posted on Raiders News....

Look around you. Read the headlines. See the largest factories of food, potassium iodide, and other emergency product manufacturers literally closing their online stores and putting up signs like those on Mountain House's Official Website and Thyrosafe's Factory Webpage that explain, due to overwhelming demand, they are shutting down sales for the time being and hope to reopen someday.
Unfortunately, shortages have not been limited to storable food. Most Americans don't realize this, but there is a significant shortage of certain pharmaceutical drugs in many areas of the country right now. Just check out the video news report posted below....



In addition, it is not just in the United States where food is being aggressively stored up. For example, a recent article in The Telegraph noted that governments all over the globe are now stockpiling food....

Authoritarian governments across the world are aggressively stockpiling food as a buffer against soaring food costs which they fear may stoke popular discontent.
Also, some governments are now gobbling up as much farmland as they can.

According to the New York Times, China has been buying up "vast tracts of Latin America’s agricultural heartland" and is seeking to acquire quality farmland all over the globe.

So what does all of this mean?

It could mean something.

It could mean nothing.

But as I have written about so much recently, we really do seem to be on the verge of a major economic crisis.

The signs that the financial world is melting down are all around us. I won't take the time to repeat what I have covered in the last few days here. If you missed any of it, just go back and read these articles over....

*Is Financial Instability The New Normal?

*Depressed As A Nation? 80 Percent Of Americans Believe That We Are In A Recession Right Now

*Nervous Breakdown? 21 Signs That Something Big Is About To Happen In The Financial World

One thing that I haven't covered yet is a very curious move by Lloyd's of London. It turns out the Lloyd's of London has started pulling money out of banks in Europe’s peripheral economies according to Bloomberg....

Lloyd’s of London, concerned European governments may be unable to support lenders in a worsening debt crisis, has pulled deposits in some peripheral economies as the European Central Bank provided dollars to one euro-area institution.
At this point, world financial markets have officially entered "bear" territory. In fact, global stocks are down approximately 20 percent since May.

Many believe that what we have seen is just the beginning of another major financial crisis.

For example, in a recent editorial for The Ticker, Karl Denninger (who saw the 2008 crash coming) warned that the house of cards is starting to fall once again....

Well, America (and the world), you’ve been scammed by the financial institutions and governments for the last 30 years. 2008 was the first spasm of recognition but was short-circuited by…. you guessed it…. even more scams. Rather than demand truth and an end to the games the American consumer lapped up the frauds and schemes of the politicians on both sides of the aisle who conspired with the financiers to rip you off once again.
Later on in the editorial, Denninger stated that he hopes that all of us have "taken the last couple of years to become prepared"....

Now recognition of that fact is dawning on people in a convulsive fashion, and markets of all sorts are reacting as one would expect when their entire worldview is exposed as having been a gigantic and intentional pyramid scheme constructed of debt layered upon debt thatcannot be paid down. The wrong thing was done in 2008 and there is zero evidence that our government has changed one iota in their singular focus on misdirection and lies in this regard.

Welcome to awareness; I hope you’ve taken the last couple of years to become prepared.
Well, if the anecdotal evidence presented above is an indication of a larger trend, it appears that the government is getting prepared.

And if the government is stockpiling food, who can blame them?

It should be obvious to anyone that the world has become an incredibly unstable place.

Hopefully we are not about to enter another major economic crisis, but it never hurts to be prepared.

If anyone out there has any additional information that is relevant to this report, please let me know.

If the government really has started to aggressively stockpile food, that would be an important thing to know.

If it is happening, the mainstream media surely will not tell us about it. So we will have to rely on one another for information.

So what do you think about all of this? Please feel free to post a comment with your opinion below....

Source: The Economic Collapse

Friday, September 23, 2011

Mountain Guardian Exercise Takes School Children to Sports Stadium

Infowars.com reporter Darrin McBreen reported today outside Denver’s Mile High Stadium that the facility would be used for “processing activities,” according to a handout.



The handout is a news advisory disturbed to press by authorities in Colorado. It states that a “terrorist-driven catastrophic situation” will include the “processing” of students:

Catholic Charities and Sports Authority Field at Mile High will participate in an administrative fashion to test student/teacher processing activities.

“In terms of the drill or even real events, the goal is to get everybody here to reunify with their parents,” Scott Snow, director of the Victims Assistance Unit of the Denver Police, told Infowars.com.

Darrin McBreen talked with a Denver firefighter on a security detail who admitted that she was playing the role of a mother who was at the stadium to pick up fictitious children. She had a print-out of fifth or sixth grade kids, according to McBreen. The woman said she was instructed not to talk with the media and her comments were off the record.



An employee confirmed that the south entrance and tunnel of the stadium would be used to bus children in for processing. Buses were spotted at the location with digital destination banners reading “Special,” according to Aaron Dykes.

As Alex Jones has noted in his documentaries, and William Lewis has documented in his film, Camp FEMA, the supposed disaster response agency has the authority to round up people and relocate them to designated facilitates, including sports stadiums, under a number of executive orders.

Federal exercises have specifically targeted children on a number of occasions, most infamously in Muskegon, Michigan. In 2004, a Michigan county concocted a scenario in which public school children were threatened by a fictitious radical group that believed everyone should be home-schooled, WorldNetDaily reported. The exercise was funded by homeland security grants to area school districts and Muskegon county.





Source: Infowars.com

“I Hope You’ve Taken the Last Couple of Years to Become Prepared”

Mac Slavo

Karl Denninger, who forecasted the breakdown in stock markets a couple of weeks before the crash of 2008, says that all hell is now breaking loose:

You’ve once again had your 401k and IRA whacked by the incessant lies and scams promulgated by your government and the “financial wizards” who seduced you back into the markets with half-truths and siren songs.

The market opened this morning down 300+ DOW points and the VIX slammed through the 40 level. There will clearly be bounces along the line but as things stand right now the underlying financial conditions have not changed one iota from where they were in 2007. Instead of allowing those who were overlevered to go bust and have capitalism do what it does best – creative destruction of the foolish – we instead took private effectively-defaulted risk and transferred it to the public balance sheet.

But that’s a scam – it simply moves the deck chairs on the economic Titanic, because governments can only raise funds through two means: They can borrow money (increasing leverage) or they can tax it (decreasing consumption or investment by private parties.) The obvious “borrow it” choice was made here in the US and elsewhere, but just as with private borrowing government borrowing has limits and we’re now running into them, and deficit spending creates false demand signals in the economy that must eventually end.

Recognition that you’ve been scammed can be a truly ugly thing. It is usually violent at an emotional and financial level, and more often than one would like it has a habit of being violent in the physical sense as well.

Well, America (and the world), you’ve been scammed by the financial institutions and governments for the last 30 years. 2008 was the first spasm of recognition but was short-circuited by…. you guessed it…. even more scams. Rather than demand truth and an end to the games the American consumer lapped up the frauds and schemes of the politicians on both sides of the aisle who conspired with the financiers to rip you off once again.

The opportunity to address these issues as I have been tirelessly attempting to do, was ignored by those in policy roles in Washington DC. Those who have been reading The Ticker are well-aware of my efforts going back into 2007 and through the 2008 Presidential campaign on both sides of the aisle, along with my efforts since.

They’ve been ignored with the political establishment choosing to knob-job the banks and lie to you, the public, rather than address the fact that the entire last 30 years have been one gigantic economic scam and that what they were attempting to do could not, as a matter of mathematics, succeed.

Now recognition of that fact is dawning on people in a convulsive fashion, and markets of all sorts are reacting as one would expect when their entire worldview is exposed as having been a gigantic and intentional pyramid scheme constructed of debt layered upon debt thatcannot be paid down. The wrong thing was done in 2008 and there is zero evidence that our government has changed one iota in their singular focus on misdirection and lies in this regard.

Welcome to awareness; I hope you’ve taken the last couple of years to become prepared.

Source: Market Ticker

Denninger has for years put forth mathematically undeniable empirical evidence that shows not only how unsustainable our system is, but the lunacy in the government’s purported solutions and response.

Our debt load is too high. Our production capacity has been decimated. Our GDP growth is negative and has been for a decade (if you look at the real data).

It may very well all be coming to a head. While we opined earlier that the triggers for the meltdown of the last 24 hours may not have been a loss of confidence in the US dollar, that doesn’t mean it won’t happen as a result of what will play out in coming weeks and months.

It’s clear that stock markets world wide are in panic mode, and this will not bode well for investors, as Denninger suggested in a commentary yesterday:

I’ll go ahead and make the prediction now: This time will be worse than 2008 and we’ll measure from SPX 1370, which makes the minimum downside target under 600. And no, this time it won’t recover with more “hopium” and fraud – that card has already been played which means the pension funds and annuities across this nation are going to get smoked, exactly as I warned about four years ago.

Consider the implications of what led to the collapse of 2008, our failure to resolve the problem, the obscene debt we created in the last three years, and the economic disaster that is the American job market.

Many have been holding out hope that “they” will do something to keep everything from normal.

They won’t.

So if you haven’t spent the last two or three years preparing, then we’d recommend you get into high gear right now. Not tomorrow. Not next week. Now.

The world as we have come to know it, in one way or another, is going to crumble over coming years. It may happen overnight in a rapid waterfall collapse, or it may deteriorate over several years. Regardless of how it happens or exactly how long it takes, we’re running out of time and the outcome will be the same. Here’s historical proof exists that this can happen in America. In The Redline: A Tale of Collapse, Brandon Smith depicts a scenario that may not be too far off from what reality will look like in America in the not too distant future.

Suffice it to say that if you want to avoid, or at least insulate yourself from, living in a world of poverty, violence, and despair, consider how you can become more self reliant today.

■What will you do if commerce stops due to a currency collapse and the banks are closed- how will you buy food, medicine and bare essentials?
■Can you grow your own food or raise micro livestock?
■Do you have the ability to protect yourself at home or in public?
■What skills do you bring to the table that will be of use when the service industry in America collapses – what are you capable of producing?
■How prepared are you to sustain your family in the event of a hyperinflationary or hyperdeflationary collapse – what will you use to pay your monthly mortgage and bills if traditional currencies collapse or you lose your primary income stream?
All of these questions and many more should be at the top of your list of things to do right now.

Obviously, mainstream media, government and central bankers have been lying to us about the state of our economy and financial markets. Perhaps preparedness minded web sites like SHTFplan are wrong.

But what will you do if we’re right?

Source: SHTF Plan

Thursday, September 22, 2011

Nervous Breakdown? 21 Signs That Something Big Is About To Happen In The Financial World

Will global financial markets reach a breaking point during the month of October? Right now there are all kinds of signs that the financial world is about to experience a nervous breakdown. Massive amounts of investor money is being pulled out of the stock market and mammoth bets are being made against the S&P 500 in October. The European debt crisis continues to grow even worse and weird financial moves are being made all over the globe. Does all of this unusual activity indicate that something big is about to happen? Let's hope not. But historically, the biggest stock market crashes have tended to happen in the fall. So are we on the verge of a "Black October"?

The following are 21 signs that something big is about to happen in the financial world and that global financial markets are on the verge of a nervous breakdown....

#1 We are seeing an amazing number of bets against the S&P 500 right now. According to CNN, the number of bets against the S&P 500 rose to the highest level in a year last month. But that was nothing compared to what we are seeing for October. The number of bets against the S&P 500 for the month of October is absolutely astounding. Somebody is going to make a monstrous amount of money if there is a stock market crash next month.

#2 Investors are pulling a huge amount of money out of stocks right now. Do they know something that we don't? The following is from a report in the Financial Post....

Investors have pulled more money from U.S. equity funds since the end of April than in the five months after the collapse of Lehman Brothers Holdings Inc., adding to the $2.1 trillion rout in American stocks.

About $75 billion was withdrawn from funds that focus on shares during the past four months, according to data compiled by Bloomberg from the Investment Company Institute, a Washington-based trade group, and EPFR Global, a research firm in Cambridge, Massachusetts. Outflows totaled $72.8 billion from October 2008 through February 2009, following Lehman’s bankruptcy, the data show.
#3 Siemens has pulled more than half a billion euros out of two major French banks and has moved that money to the European Central Bank. Do they know something or are they just getting nervous?

#4 On Monday, Standard & Poor's cut Italy's credit rating from A+ to A.

#5 The European Central Bank is purchasing even more Italian and Spanish bonds in an attempt to cool down the burgeoning financial crisis in Europe.

#6 The Federal Reserve, the European Central Bank, the Bank of England, the Bank of Japan and the Swiss National Bank have announced that they are going to make available an "unlimited" amount of money to European commercial banks in October, November and December.

#7 So far this year, the largest bank in Italy has lost over half of its value and the second largest bank in Italy is down 44 percent.

#8 Angela Merkel's coalition is getting embarrassed in local elections in Germany. A recent poll found that an astounding 82 percent of all Germans believe that her government is doing a bad job of handling the crisis in Greece. Right now, public opinion in Germany is very negative toward the bailouts, and that is really bad news for Greece.

#9 Greece is experiencing a full-blown economic collapse at this point. Just consider the following statistics from a recent editorial in the Guardian....

Consider first the scale of the crisis. After contracting in 2009 and 2010, GDP fell by a further 7.3% in the second quarter of 2011. Unemployment is approaching 900,000 and is projected to exceed 1.2 million, in a population of 11 million. These are figures reminiscent of the Great Depression of the 1930s.
#10 In 2009, Greece had a debt to GDP ratio of about 115%. Today, Greece has a debt to GDP ratio of about 160%. All of the austerity that has been imposed upon them has done nothing to solve their long-term problems.

#11 The yield on 1 year Greek bonds is now over 129 percent. A year ago the yield on those bonds was under 10 percent.

#12 Greek Deputy Finance Minister Filippos Sachinidis says that Greece only has enough cash to continue operating until next month.

#13 Italy now has a debt to GDP ratio of about 120% and their economy is far, far larger than the economy of Greece.

#14 The yield on 2 year Portuguese bonds is now over 17 percent. A year ago the yield on those bonds was about 4 percent.

#15 China seems to be concerned about the stability of European banks. The following is from a recent Reuters report....

A big market-making state bank in China's onshore foreign exchange market has stopped foreign exchange forwards and swaps trading with several European banks due to the unfolding debt crisis in Europe, two sources told Reuters on Tuesday.
#16 European central banks are now buying more gold than they are selling. This is the first time that has happened in more than 20 years.

#17 The chief economist at the IMF says that the global economy has entered a "dangerous new phase".

#18 Israel has dumped 46 percent of its U.S. Treasuries and Russia has dumped 95 percent of its U.S. Treasuries. Do they know something that we don't?

#19 World financial markets are expecting that the Federal Reserve will announce a new bond-buying plan this week that will be designed to push long-term interest rates lower.

#20 If some wealthy investors believe that the Obama tax plan has a chance of getting through Congress, they may start dumping stocks before the end of this year in order to avoid getting taxed at a much higher rate in 2012.

#21 According to a study that was recently released by Merrill Lynch, the U.S. economy has an 80% chance of going into another recession.

When financial markets get really jumpy like this, all it takes is one really big spark to set the dominoes in motion.

Hopefully nothing really big will happen in October.

Hopefully global financial markets will not experience a nervous breakdown.

But right now things look a little bit more like 2008 every single day.

None of the problems that caused the financial crisis of 2008 have been fixed, and the world financial system is more vulnerable today than it ever has been since the end of World War II.

As I wrote about yesterday, the U.S. economy has never really recovered from the last financial crisis.

If we see another major financial crash in the coming months, the consequences would be absolutely devastating.

We have been softened up and we are ready for the knockout blow.

Let's just hope that the financial world can keep it together.

We don't need more economic pain right about now.

Source: The Economic Collapse