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 2) Nostradamus and the New Prophecy Almanacs
 GLOBAL ECONOMIC COLLAPSE
 August 3, 2011
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jimmyk311
Average Member



208 Posts

Posted - Sep 12 2011 :  7:03:36 PM  Show Profile Send jimmyk311 a Private Message  Reply with Quote
I wonder how many more companies and corporations will have to do more massive layoffs?

Seems like Warren Buffett wants some more money to screwed over the workers.

Bank of America to cut up to 30,000 jobs, slash $5 billion in costs
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Edited by - jimmyk311 on Sep 12 2011 7:09:41 PM
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halifax
Advanced Member



845 Posts

Posted - Sep 15 2011 :  6:57:22 PM  Show Profile Send halifax a Private Message  Reply with Quote
Hi Jimmyk311

Thats exactly the sort of announcement I was refering back in my Aug 20 post about Banks planning thosands, most probably tens of thousands layoffs. Simply becuase the credit expansion of about a quarter of a century is over and a credit sqeeze is slowly but surely taking hold, starting from late 2007. You can go back and look at some of the posts and discussions on these forums in 2006/07/08 to get a feel for what we knew was coming in one form or another. While it is difficult to know the timing or the the detailed aftermath, the big picture tells us for some time the overall outcome. And we will witness various stages. The current stage is the result of private debt being moved to government debt, now we are seeing various governments attempting to manipulate their currencies to remain competetive on the global stage, this has sparked, in effect, a currency war, hence the gathering momentum of gold and silver holdings as safe haven resorts should the current system implode due to medling.

Back to your point, with credit tightening, as a Bank you need less people to manage less money. Laying off at Banks and continuing to move labor offshore should be an ongoing trend, you would have to think...
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halifax
Advanced Member



845 Posts

Posted - Sep 16 2011 :  6:47:18 PM  Show Profile Send halifax a Private Message  Reply with Quote
This has somewhat overlapped the social unrest topic on these forums but in any case, the recent upswing in European protests involving Italy as well this time, proves the bigger economic issues and how it is affecting ordinary people is not going away, and it can only get worse as the austerity screws get applied more and more.

Its about conditioning, slower screwing people into a mindset that you will get less and have less. This process has been going for a few years now and will continue until there is some kind of major uprising that wont be put down easily.

To date, all the street protests havent brought about any major change and with richer Europe now clearly having to either save poorer Europe or break the Union apart, these are key moments in time, what path is chosen will have a long term affect. Right now Southern Europe is hanging by a thread, economically.

The bigger picture from Mike has Southern Europe overun by Muslims at some point, and I am wondering if that comes about because the north breaks ties with the south making it an easier target? If it were not longer 'protected' by the likes of Germany and France etc. Just a thought.
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mm2001
Forum Admin



USA
1132 Posts

Posted - Sep 16 2011 :  10:18:12 PM  Show Profile  Visit mm2001's Homepage Send mm2001 a Private Message  Reply with Quote
...overrun by Muslim invaders, some military, some terrorists, inciting ethnic minorities there ... hard to know for certain.

In most instances there will be civil wars or revolutions in progress in these countries before any military invasion takes place. France is hard to be sure about ... revolution may come before invasion or after invasion, depending on the prophecies ...

The nations that appear in the prophecies as having civil wars or revolutions are: Italy, Germany, France, and Britain. Spain, Portugal, Monaco, and Greece are never mentioned as having these revolutions or civil wars.

Serbia, Hungary, Bulgaria, and "Yugoslavia" are also mentioned as having civil wars or revolutions. One of these (Serbia or Hungary) supposedly triggers the Russian part of the blitzkrieg invasion of Europe largely in the northern and central parts. How far west they get varies from prophecy to prophecy. The Muslim invasion is restricted largely to the southern Balkans and southern Europe. Britain will not be invaded, although missiles will be launched into British territory and the colony of Gibralter (remininscent of Hitler's V2 rocket attacks on London).

Russia itself will be undergoing a revolution when it launches its invasion. After many Russians are killed by the "yellow dust" weapon used by the West (and a lot of civilians killed too caught in the zone of death), the remnant retreat to the frontiers of Russia.

At that time the revolution inside Russia will be much worse (by that time it is called a mega-revolution) and the nation will become fragmented. Also at that time Moscow will begin a nuclear war with the United States, limited exchanges at first, and then total annihilation.

These are the events that occur around the time of civil wars and revolutions in Europe and the US that we "know" about. Again, prophecies do not all concur. Some say Italy, Germany, France and Britain will have their internal disorders BEFORE Russia and the Muslims attack; some do not mention the Muslim attacks at all; some say Russia will have a huge revolution first, and that will spread to certain European countries like Germany and Italy, then the Balkans explode, and then the Russian invasion begins; some say France will not have its revolution and Britain its civil war until after being attacked by Muslim armies.

Very confusing, eh?

"Cast a cold eye
On life, on death,
Horseman, pass by!"

-- William Butler Yeats
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halifax
Advanced Member



845 Posts

Posted - Sep 19 2011 :  6:25:48 PM  Show Profile Send halifax a Private Message  Reply with Quote
That certainly presents a number of possibilities.
The first test for southern Europe is clearly an economic one, right now in the process. Greece is in effect the guinea pig, as to the bigger management of EU going forward. Several days of economic jockeying has been going on, from promises of liquidity by flooding US$ into Europe to the ECB assisting French and German banks to manage their ‘Greek’ positions in regards to bond holders. I am going to go against the public opinion here and speculate the behind the scenes activity in these recent days is in preparation for a Greek default. I don’t think they will be saved.
The previous issues of Iceland and Ireland were quite straightforward. The Greek situation has the potential to boilover to global markets, big time.
As you have pointed out Mike, repeatedly over the years, Greece gets involved in a major tussle, and as you have put forward various options, it’s still unclear how this will unfold, BUT this current economic situation in Greece should not be underestimated, it is a ticking time bomb.




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Conor
Moderator



Ireland
1174 Posts

Posted - Sep 20 2011 :  04:59:26 AM  Show Profile Send Conor a Private Message  Reply with Quote
The greek people themselves have no desire to alter their carefree lifestyle and actually pay taxes like everyone else. This is why the greek government cant collect their taxes to pay their debts. The greek public are rioting because they do not want to conform to a northern european work ethic i.e. a 40 hour working week instead of their current 30 hours.

Ireland took its medicine and while its miserable here right now and will be for a few years, we should hopefully bounce back and meet all the financial and debt deadlines imposed on us by the EU and IMF.

Its just tough, ya pull up your socks and get on with it! The greeks dont want to do that!
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halifax
Advanced Member



845 Posts

Posted - Sep 21 2011 :  8:40:52 PM  Show Profile Send halifax a Private Message  Reply with Quote
The fallout is gathering momentum.

Seven Italian and three American Banks downgraded plus a weak FOCM outcome in the US.

And the Greeks have said they do not want to leave the EU and will take the cuts as required, problem is the public servants are'nt willing to accept.

All the Central Banking 'clowns' have ducked and weaved these last days and weeks providing all sorts of dubious 'solutions' to the crisis unfolding. I suggest they look in the mirror, as that is where they will find both the problem and the solution.

Meanwhile markets are starting to behave like markets, I wonder if there will be any more planned interventions in an attempt to prevent this ugly bear being unleashed in all its glory.

While the US has more than its fair share of economic isuses, we should continue to watch Europe closely, especially if Greece is cut adrift and the fallout from that.

Edited by - halifax on Sep 22 2011 6:56:53 PM
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pacino
Senior Member



Canada
727 Posts

Posted - Sep 22 2011 :  10:10:14 PM  Show Profile  Visit pacino's Homepage Send pacino a Private Message  Reply with Quote
GRAHAMS SUMMERS: The Fed Disappointed… The Great Collapse Is HERE

I’ve been warning for weeks now that the Fed would disappoint with its September meeting. And boy did it.

As I forecast, the Fed didn’t announce QE 3. In fact, it didn’t announce any new policy of note. Instead it is simply reshuffling its holdings to focus more on the long end of the bond markets.

On top of this, the Fed announced it will only be moving roughly $400 billion of its portfolio around. This is the smallest major intervention the Fed has announced since it began implementing QE in 2009 (QE 1 was $1.25 trillion while QE 2 was $600 billion). Indeed, this move is on par with the Fed’s implementation of QE lite which to date has been about $300 billion give or take in scope.

Even more striking, while announcing this disappointing move, the Fed downgraded its view of the economy stating, “there are significant downside risks to the economic outlook.”

Previously, any admission of economic deterioration from the Fed resulted in the US Dollar selling off sharply as traders expected additional easing/ printing. This time around, the market senses that the Fed has disappointed and that the Fed’s move is largely symbolic more than anything else.

The end result of this: the market is Crashing just as I warned. The S&P 500 has gone from 1,200+ to 1,136, a 6% drop, in the overnight session.



We’re just getting started here. Today we got a confirmed SELL on my proprietary Crash indicator. This is the SAME indicator that registered before the 1987 Crash, the Tech Crash, and the 2008 collapse.

It’s just triggered again… which means that today’s sell off is JUST the beginning of what’s coming.

Yes, the GREAT COLLAPSE has begun. The markets will be going to new lows (below the March 2009 lows) in the coming months.

We’re also going to be seeing major banks go under, market crashes, food shortages, government shutdowns, and SYSTEMIC FAILURE.



Yes, I believe that before this mess ends, the financial system as a whole will have collapsed. What’s coming is going to make 2008 look like a joke.

Many people will lose everything in this mess. Yes, everything. The US is going to be defaulting on its debt, paper currencies around the world will fail. It’s going to be a dark dark time.

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Edited by - pacino on Sep 22 2011 10:12:40 PM
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Darkcomet
Moderator



United Kingdom
598 Posts

Posted - Sep 23 2011 :  1:38:29 PM  Show Profile Send Darkcomet a Private Message  Reply with Quote


UK Chancellor warns there is just six weeks left to save the Euro

Britain's Chancellor George Osborne has warned that the eurozone has just six weeks to save the euro currency.

“I think there is now quite a clear deadline set which is the Cannes summit in six weeks’ time,” he said in Washington DC this afternoon. “The eurozone has six weeks to resolve this political crisis.”

"There is pressure now on the euro zone from across the international community and that was felt last night," he added, referring to a G-20 finance officials' dinner on Thursday. “The eurozone is aware of the fact that time is running out."

Osborne's warning comes just a day after British PM David Cameron told the eurozone to act now and "stop kicking the can down the road".

While the EU is faced with having to shore up their banks to face the crisis, Osborne said that the UK has no such problems.

"As part of the European stress test, we have stress-tested sovereign write-downs," he said. "I am confident that the UK banking system is well capitalised and properly liquid."

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If you tremble indignation
at every injustice
then you are a comrade of mine.
- Ernesto Che Guevara -




Edited by - Darkcomet on Sep 23 2011 1:43:15 PM
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halifax
Advanced Member



845 Posts

Posted - Sep 23 2011 :  6:48:57 PM  Show Profile Send halifax a Private Message  Reply with Quote
Yes, the last two posts are accurate.

My concern with Greece is not the country itself so much, but the principle in how the EU will handle the situation, because that will set a precedent going forward when a country of more economic significance faces the same situation, such as Italy for example.

And while there has been issues with Portugal and Spain over the past year, the next really big one brewing is Italy. If the EU decide to allow a Greek default then prepare for the same for Italy, which is the third largest EU economy.

I will speculate the EU are faced with either a massive bailout of both Greece and Italy or a default of both this side of xmas, the way things are unfolding.

The whole ideology of the EU was of combined power, political and economic, and that principle is now being tested to the core.

Suffice to say both the US and the EU are now at the cliff’s edge for various reasons, some overlapping and some different.
But we still shouldn’t contuse a strained economic system with a broken one. We are still operating in a strained system; nothing is broken, yet...



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mm2001
Forum Admin



USA
1132 Posts

Posted - Sep 23 2011 :  10:08:02 PM  Show Profile  Visit mm2001's Homepage Send mm2001 a Private Message  Reply with Quote
I suppose this bears repeating since you brought up Italy, Halifax ...

If prophecy can be believed, if Italy falls to chaos because of economic collapse, then Germany and France will be next fairly quickly, and also Britain ...

I have read that the Polish president of the EU believes there could even be a civil war within the Eurozone itself, although he gives it another 10 years. This may explain better why Russia could find itself caught up in revolution and find a pretext to invade Europe.


Eurozone crisis could rip EU apart: officials - September 14, 2011.
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Poland warns of war 'in 10 years' as EU leaders scramble to contain panic - September 14, 2011.
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It is even possible, I suppose, that Russia may have the blessing of the United States ... if it has something to do with bringing STABILITY back to Europe, for example. But Russia goes too far, kills too many innocent people, and that explains the nuclear duel between Russia and the US later.

"Cast a cold eye
On life, on death,
Horseman, pass by!"

-- William Butler Yeats
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pacino
Senior Member



Canada
727 Posts

Posted - Sep 24 2011 :  4:43:20 PM  Show Profile  Visit pacino's Homepage Send pacino a Private Message  Reply with Quote
Mike your totally right, let me add up that PUTIN is back.. he is planned to get back to presidency in 2012. Russia is expecting Putin to be able to get Russia back to power while the Euro and US or the globe financially fails.



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halifax
Advanced Member



845 Posts

Posted - Sep 30 2011 :  6:15:18 PM  Show Profile Send halifax a Private Message  Reply with Quote
A financial view is reflecting that despite Germany’s apparent willingness to allow the Greek bailout, not all is well. If the markets continue to gyrate and become intimidated over Greece, the real test coming remains Italy. Mikes predictions also confirm Italy could be a catalyst for the major turmoil to begin. Financial market mayhem and social unrest in Italy at the same time appears to be coming down the line, once Greece is out of the headlines.

I still think there will be a Greek default or a managed default, that s what the markets are building into the equation. Once we know how the Greek situation is handled to some sort of conclusion and the response from both the Greek public and the rest of the EU populace, then it may become clearer the framework going forward. That’s going to be the real test, especially when we get to handling Italy.

Plus financial data coming out of China is becoming more worrying, so the chances of China pulling the world out of financial troubles is becoming slimmer, Mike has touched on this before. We shouldn’t forget that right now Chinas biggest customers are the EU and NA. A continual drop in demand and the potential bursting of internal bubbles in China are brewing to be a double whammy.



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pacino
Senior Member



Canada
727 Posts

Posted - Sep 30 2011 :  8:48:49 PM  Show Profile  Visit pacino's Homepage Send pacino a Private Message  Reply with Quote
CNN NEWS: Forecast says double-dip recession is imminent

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pacino
Senior Member



Canada
727 Posts

Posted - Oct 02 2011 :  12:02:20 AM  Show Profile  Visit pacino's Homepage Send pacino a Private Message  Reply with Quote
The revolution has now spread in EVERY CITY of the US and even in Canada!... this think has gone BIG folks.

There is even now a US Index for the OCCUPY movement:

You must be logged in to see this link.http://media.kickstatic.com/kickapps/images/68885/photos/WIDGET_499653_ap_160X160.jpg&widgetHost=http://serve.a-widget.com&wmode=transparent&as=68885&wid=499653&cVars=n&revision=14

Breaking News: 'Occupy Wall Street' Protests Spread Across the United States (Also CANADA)



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Also


CNN : Hundreds of Wall Street protesters arrested at Brooklyn Bridge

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