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World's experts predict total economic disaster!

 
stormer
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10/09/2011 09:10 AM
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World's experts predict total economic disaster!
Earthquakes, hurricanes, tsunamis, nuclear meltdowns...all fade into insignificance compared to the coming whirlwind of financial Armageddon many of the world's top experts see directly ahead. Economic Doomsday some are calling it. And now—they say—it's literally unavoidable. Starvation, collapse and death on an Apocalyptic scale. Will it be as bad as the Great Depression or World War Two? Worse, say many economists. Those events were a walk in the park compared to the total economic collapse coming to scores of countries.

Fed Chairman Bernanke's monetary policy a 'complete failure': What to expect

The world's financial experts...they almost sound like conspiracy theorists, but these are some of the most respected financial insiders. Here's what they expect during 2012: civil wars breaking out all over the planet; currencies collapsing into worthless paper; and roving bands of desperate, violent thugs willing to maim or murder for gold, silver—or even cans of beans.

In essence, anarchy will be breaking out all over as governments desperately respond with tyrannical martial law attempting to restore a semblance of order to masses of frightened, starving citizens. Widespread food and water shortages are expected and food and energy prices will soar. Remember everyone celebrating the arrival of the Millennium? People wanting to put the upheavals of the 20th Century behind them? Welcome to the 21st Century.

Find the tallest building and jump off?

Although none of the experts are advising jumping off buildings, they don't have much advice about anything. Some are at a loss over what to do with their own portfolios let alone any assets others might have. That's because they predict almost everything will plummet:

Real estate: think it's bad? It'll get worse, they warn.

Stocks: the Dow was below 1,000 in 1982. It can reach that again say market pundits.

Bonds: may look good on the surface, but with highly inflated, illusory values they'll be about as worthless as paper currency. They might be good as pretty wallpaper, for those that happen to still live in dwellings with walls.

Banks: many more will fail including some of the largest in the world. Same goes for some of the top insurance companies.

Annuities: although the principal is guaranteed, the currency they're based on is not. If it takes a barrel of dollars to purchase a loaf of bread, think what the "money" in an annuity will be worth. That's right, almost nothing.

This time the sky IS falling-----The 12 disciples of Doom

Here are just twelve of the thousands of financial experts that are predicting the worse case scenario is really going to happen this time. No Chicken Little among them—the sky IS falling.

Ann Barnhardt: The head of Barnhardt Capital Management, Inc.: "It's over. There is no coming back from this. The only thing that can happen is a total and complete collapse of EVERYTHING we now know, and humanity starts from scratch. And if you think that this collapse is going to play out without one hell of a big hot war, you are sadly, sadly mistaken."

Gerald Celente: Trends Research guru to Fortune 1000 companies, Celente's accurately forecasted hundreds of social, business, consumer, environmental, economic, political, entertainment, and technology trends over the decades. What does he see on the immediate horizon? "America is in for a Great Depression and riots by 2012."

Stefan Homburg: Dynamic leader of Germany's Institute for Public Finance: "The Euro is nearing its ugly end. A collapse of the monetary union now appears unavoidable." And when Europe collapses, America, Russia, and China will soon follow.

George Soros: Evil genius to some, just insightful and hard-nosed to others, Soros says: "Financial markets are driving the world towards another Great Depression with incalculable political consequences. The authorities, particularly in Europe, have lost control of the situation." And Soros always puts his money where his mouth is...he's dumped Europe's sovereign debt, calling it poison.

Mohammed El-Erian: The PIMCO CEO sees: "These are all signs of an institutional run on French banks. If it persists, the banks would have no choice but to delver their balance sheets in a very drastic and disorderly fashion...Europe would thus be thrown into a full-blown banking crisis that aggravates the sovereign debt trap, renders certain another economic recession, and significantly worsens the outlook for the global economy." Since he spoke those words the crisis has accelerated.

Attila Szalay-Berzeviczy: the global head of securities services at UniCredit SpA (Italy's largest bank): "The only remaining question is how many days the hopeless rearguard action of European governments and the European Central Bank can keep up Greece’s spirits."

Nigel Farage: An EU Parliament Member: "I think the worst in the financial system is yet to come, a possible cataclysm and if that happens the gold price could go (higher) to a number that we simply cannot, at this moment, even imagine."

Carl Weinberg: Respected chief economist at High Frequency Economics: "At this point, our base case is that Greece will default within weeks." Most economists agree that when Greece fails Italy, Spain, Portugal—and maybe France—will also collapse.

Alan Brazil: A top Goldman Sachs strategist thinks, "Solving a debt problem with more debt has not solved the underlying problem. In the US, Treasury debt growth financed the US consumer but has not had enough of an impact on job growth. Can the US continue to depreciate the world’s base currency?"

The short answer is No.

According to the Wall Street Journal, Brazil believes that "as much as $1 trillion in capital may be needed to shore up European banks; that small businesses in the U.S., a past driver of job production, are still languishing; and that China's growth may not be sustainable."

Josef Ackerman: One of the top, most savvy bankers in the world and CEO of Deutsche Bank: "It is an open secret that numerous European banks would not survive having to revalue sovereign debt held on the banking book at market levels." Which is something that is happening even as this is written.

Alastair Newton: A world-renown strategist for the giant Nomura Securities, London office: "We believe that we are just about to enter a critical period for the Eurozone and that the threat of some sort of break-up between now and year-end is greater than it has been at any time since the start of the crisis."

Lakshman Achuthan: With ECRI: "When I call a recession...that means that process is starting to feed on itself, which means that you can yell and scream and you can write a big check, but it's not going to stop."

Falling dominoes

Financial experts across 60 countries are publicly warning of the impending global financial disaster. The world's politicians—and the governments they run—have painted their economies into a corner after decades of mismanagement and now there's no safe place to hide. The dominoes will fall like this: the European Economic Union (EEU) has run out of options. Servicing debt with debt is a losing proposition. It's like flapping your arms wildly after you've fallen off the edge of the Grand Canyon.

The EEU's demise will cause the cracks in America to widen until everything tumbles into the gaping pit. Massive trade disruption and lack of revenue will cause the Eastern European, the Russian Federation and Chinese economies to collapse. Africa will become a seething hellhole and Australasia will fall as well. Another warning sign: New Zealand just had its sovereign debt downgraded.

Dead

Most of the world is broke. Dead broke. The stage after being dead broke is just dead. Countries that are self-sufficient in the Southern Hemisphere might fare better—among them Chile, Brazil and Peru. The irony is not lost there, however, as just several decades ago Brazil had a shaky economy hovering near the bottom of the world's economies.

Yet if the dominoes do fall, Brazil may emerge as the "last man standing" and the world's new superpower.

_________________
“When the people fear their government, there is tyranny; when the government fears the people, there is liberty.”
---Thomas Jefferson
Emancipate yourselves from mental slavery - Bob Marley
stormer  (OP)

User ID: 2948791
South Africa
10/09/2011 09:22 AM
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Re: World's experts predict total economic disaster!
Well I can speak for Africa...it's already a seething hellhole!
Emancipate yourselves from mental slavery - Bob Marley
Dr. know...

User ID: 1430060
United States
10/09/2011 09:35 AM
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Re: World's experts predict total economic disaster!
Thanks for posting OP.

not looking rosey.
Dr. know...
stormer  (OP)

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South Africa
10/09/2011 09:39 AM
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Re: World's experts predict total economic disaster!
Thanks for posting OP.

not looking rosey.
 Quoting: Dr. know...


Nope...S is HTF ...would buy gold tho'
Emancipate yourselves from mental slavery - Bob Marley
Revbo™
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User ID: 2918802
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10/09/2011 09:47 AM

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Re: World's experts predict total economic disaster!
bump

Did you write that, Stormer?

Either way, this should be pinned.

Last Edited by Revbo™ on 10/09/2011 09:52 AM
Anonymous Coward
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Netherlands
10/09/2011 09:49 AM
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Re: World's experts predict total economic disaster!
"Stocks: the Dow was below 1,000 in 1982. It can reach that again say market pundits."




Can you imagine?
All of those baby boomers will be crying like babies if that ever happens. Total lose of wealth. Then again, might drive them back to being innovative and working again, for they will be share rich and cash poor.
Anonymous Coward
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China
10/09/2011 09:51 AM
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Re: World's experts predict total economic disaster!
Ok, but the thing is, if these guys were such "experts", where the hell were they five years ago when everything was rosy and they were getting their $1 million bonuses?

I too though, think things will get way worse before getting better, but just when you think there is no hope - bang: something will come out of left field.

Free energy, or some levitation device, aliens or a way to desalinate sea water for next to nothing, or a new food source that takes care of all necessary minerals, vitamins and carbs etc in one tiny hit. Could be anything. But this will change the course of the world economy, and lead to a new surge in optimism and way of thinking, and the battle for resources will be no more.

When everyone capitulates, that's when things do a u-turn when people least expect.
stormer  (OP)

User ID: 2948791
South Africa
10/09/2011 09:53 AM
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Re: World's experts predict total economic disaster!
bump

Did you write that, Stormer?
 Quoting: Revbo™


Nope...

Couldn't link beforeit'snewsdotcom
Emancipate yourselves from mental slavery - Bob Marley
Anonymous Coward
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Netherlands
10/09/2011 09:53 AM
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Re: World's experts predict total economic disaster!
Ok, but the thing is, if these guys were such "experts", where the hell were they five years ago when everything was rosy and they were getting their $1 million bonuses?

I too though, think things will get way worse before getting better, but just when you think there is no hope - bang: something will come out of left field.

Free energy, or some levitation device, aliens or a way to desalinate sea water for next to nothing, or a new food source that takes care of all necessary minerals, vitamins and carbs etc in one tiny hit. Could be anything. But this will change the course of the world economy, and lead to a new surge in optimism and way of thinking, and the battle for resources will be no more.

When everyone capitulates, that's when things do a u-turn when people least expect.
 Quoting: Anonymous Coward 2951787


Well, that is not entirely true. Robert Prechter for one and many others have been calling this, for years and years.
Revbo™
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User ID: 2918802
United States
10/09/2011 10:01 AM

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Re: World's experts predict total economic disaster!
bump

Did you write that, Stormer?
 Quoting: Revbo™


Nope...

Couldn't link beforeit'snewsdotcom
 Quoting: stormer


Oh, right.

Well, good find, anyway. 5 stars and suggest pin.
Anonymous Coward
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Sweden
10/09/2011 10:03 AM
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Re: World's experts predict total economic disaster!
I´m not impressed, as TPTB are only pieces of paper: CORPORATIONS.

Just say NO, as a real human being with a heart and a soul of Love.

You can do that from behind your PC, no demonstrations in the streets needed.
This is the scam you should study to become free of the demonic vultures.
Skeptic Visionary

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Brazil
10/09/2011 10:05 AM
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Re: World's experts predict total economic disaster!
Yet if the dominoes do fall, Brazil may emerge as the "last man standing" and the world's new superpower.

 Quoting: stormer


Damn. NOW I got really scared. Brazil, the next world's superpower?

scared

DOOM ON.
A man sooner or later discovers that he is the master-gardener of his soul, the director of his life. - James Allen.
Anonymous Coward
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Belgium
10/09/2011 10:07 AM
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Re: World's experts predict total economic disaster!
Maybe time for start buying gold or any other metals of value :

[link to goudprijsgrafiek.nl]

Especially look at the 5 and 10 year graphs...
stormer  (OP)

User ID: 2948791
South Africa
10/09/2011 10:11 AM
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Re: World's experts predict total economic disaster!
I´m not impressed, as TPTB are only pieces of paper: CORPORATIONS.

Just say NO, as a real human being with a heart and a soul of Love.

You can do that from behind your PC, no demonstrations in the streets needed.
This is the scam you should study to become free of the demonic vultures.
 Quoting: Anonymous Coward 2948779


afropeace
Emancipate yourselves from mental slavery - Bob Marley
Quasar

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10/09/2011 10:20 AM
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Re: World's experts predict total economic disaster!
I have been preparing for this for over a decade and perhaps I will still be preparing for another decade, we shall see...
Anonymous Coward
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Canada
10/09/2011 10:22 AM
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Re: World's experts predict total economic disaster!
pin
Anonymous Coward
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United States
10/09/2011 10:24 AM
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Re: World's experts predict total economic disaster!
Well I can speak for Africa...it's already a seething hellhole!
 Quoting: stormer


can you summarize us what your life is like in Afirca please ?
economy,jobs,food,culture etc,etc..
zaphood1

User ID: 2903359
Croatia
10/09/2011 10:27 AM
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Re: World's experts predict total economic disaster!
Maybe time for start buying gold or any other metals of value :

[link to goudprijsgrafiek.nl]

Especially look at the 5 and 10 year graphs...
 Quoting: Anonymous Coward 1505703


value of gold is same as value of money not based on gold. Its valuable because people agree that is valuable. To me personally its worthless

Last Edited by zaphood1 on 10/09/2011 10:28 AM
Unknowable, knowing nor knowledge am I,
formless is my form.
I dwell within a senses but they are not my home.
Ever serenely balanced, I am neither free nor bound.
Conciseness and joy am I...and bliss is where I am found.
Anonymous Coward
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10/09/2011 10:30 AM
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Re: World's experts predict total economic disaster!
and yet the public is asleep at the switch. I know quite a few people who don't see it coming. they think: 'it can't happen here'.
Anonymous Coward
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United Kingdom
10/09/2011 10:32 AM
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Re: World's experts predict total economic disaster!
So much BS, i don't know where to start from OP.
You call these people experts? Go and do some research as to what they have said before and find out if any of them came true.
What is the matter? Did you realise that no one is going to buy in to Elenin type of scam any longer and so you are trying to hold on to this doom?
Get over it. It will get worse and TPTW (The powers that were)will have no choice but to let go. Then it will start to get better.
BRIEF

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United States
10/09/2011 10:34 AM

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Re: World's experts predict total economic disaster!
Well I can speak for Africa...it's already a seething hellhole!
 Quoting: stormer


When hasn't it been?
I never forgive and I never forget

I am a licensed firearm holder. I will, under protection of law, use lethal force if attacked.

Briefcut4892
the future is doomed?

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United States
10/09/2011 11:12 PM
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Re: World's experts predict total economic disaster!
Ok, but the thing is, if these guys were such "experts", where the hell were they five years ago when everything was rosy and they were getting their $1 million bonuses?

I too though, think things will get way worse before getting better, but just when you think there is no hope - bang: something will come out of left field.

Free energy, or some levitation device, aliens or a way to desalinate sea water for next to nothing, or a new food source that takes care of all necessary minerals, vitamins and carbs etc in one tiny hit. Could be anything. But this will change the course of the world economy, and lead to a new surge in optimism and way of thinking, and the battle for resources will be no more.

When everyone capitulates, that's when things do a u-turn when people least expect.
 Quoting: Anonymous Coward 2951787


I'm not sure if a great innovation will solve all of the worlds problems. I actually doubt it will. The problem is rooted so deep that nothing can stop it from happening. We are at the breaking point and there is no turning back. I think a big trigger for SHTF will be a huge stock market crash this month. Things are very, very ugly right now. Business is slow and people aren't spending like they used to. People are trying to cut costs, are losing their jobs, and can't afford the luxuries that they once used to.
Fundamentalism stops a thinking mind.

"If you hate the world, change it to suit you." Thoreau.

***Join me on the 90 Day Challenge!!! Ask Me How!!!***
the future is doomed?

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United States
10/09/2011 11:16 PM
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Re: World's experts predict total economic disaster!
So much BS, i don't know where to start from OP.
You call these people experts? Go and do some research as to what they have said before and find out if any of them came true.
What is the matter? Did you realise that no one is going to buy in to Elenin type of scam any longer and so you are trying to hold on to this doom?
Get over it. It will get worse and TPTW (The powers that were)will have no choice but to let go. Then it will start to get better.
 Quoting: Anonymous Coward 276706


I don't think so, anonymous. Things are very bad right now. You need to wake up and look at and for the signs. They are everywhere. The world economy is looking very, very bleak right now.
Fundamentalism stops a thinking mind.

"If you hate the world, change it to suit you." Thoreau.

***Join me on the 90 Day Challenge!!! Ask Me How!!!***
Anonymous Coward
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10/09/2011 11:17 PM
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Re: World's experts predict total economic disaster!
[link to www.awrm.org]

This site has all you need about what's coming.
smokahontas

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United States
10/09/2011 11:20 PM
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Re: World's experts predict total economic disaster!
check out dollarcollapse.com
"I may not agree with what you say, but I would defend to the death your right to say it." Voltaire

"Facts do not cease to exist just because they are ignored." Aldous Huxley
Anonymous Coward
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10/09/2011 11:27 PM
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Re: World's experts predict total economic disaster!
Yet if the dominoes do fall, Brazil may emerge as the "last man standing" and the world's new superpower.

 Quoting: stormer


Damn. NOW I got really scared. Brazil, the next world's superpower?

scared

DOOM ON.
 Quoting: Skeptic Visionary


That last part is more wishful thinking than probability. Brazil doesn't have the infrastructure to be the world's leading super power for now.
Anonymous Coward
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10/09/2011 11:30 PM
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Re: World's experts predict total economic disaster!
Well I can speak for Africa...it's already a seething hellhole!
 Quoting: stormer


that is because you are a bunch of darkies!
stormer  (OP)

User ID: 3001664
South Africa
10/10/2011 03:31 AM
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Re: World's experts predict total economic disaster!
Ok, but the thing is, if these guys were such "experts", where the hell were they five years ago when everything was rosy and they were getting their $1 million bonuses?

I too though, think things will get way worse before getting better, but just when you think there is no hope - bang: something will come out of left field.

Free energy, or some levitation device, aliens or a way to desalinate sea water for next to nothing, or a new food source that takes care of all necessary minerals, vitamins and carbs etc in one tiny hit. Could be anything. But this will change the course of the world economy, and lead to a new surge in optimism and way of thinking, and the battle for resources will be no more.

When everyone capitulates, that's when things do a u-turn when people least expect.
 Quoting: Anonymous Coward 2951787


I'm not sure if a great innovation will solve all of the worlds problems. I actually doubt it will. The problem is rooted so deep that nothing can stop it from happening. We are at the breaking point and there is no turning back. I think a big trigger for SHTF will be a huge stock market crash this month. Things are very, very ugly right now. Business is slow and people aren't spending like they used to. People are trying to cut costs, are losing their jobs, and can't afford the luxuries that they once used to.
 Quoting: the future is doomed?


The euro will go soon...and then the domino effect...worldwide economic doom!
Emancipate yourselves from mental slavery - Bob Marley
Nomad
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South Africa
10/10/2011 03:39 AM
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Re: World's experts predict total economic disaster!
Inst anonymous suppose to attack NYSE today
pigchef
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10/10/2011 03:42 AM
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Re: World's experts predict total economic disaster!
Well I can speak for Africa...it's already a seething hellhole!
 Quoting: stormer


When hasn't it been?
 Quoting: BRIEF


As recently as the early 80's in South Africa.
Butterfly girl

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10/10/2011 03:43 AM
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Re: World's experts predict total economic disaster!
Maybe time for start buying gold or any other metals of value :

[link to goudprijsgrafiek.nl]

Especially look at the 5 and 10 year graphs...
 Quoting: Anonymous Coward 1505703


ya think?!?
To everything there is a season, and a time to every purpose under heaven... A time to weep, and a time to laugh; a time to mourn, and a time to dance....





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