Economic Collapse: The End of the World As We Know It
As everyone is well aware, Europe is an absolute mess. The gravity of the global debt crisis is getting worse and for sure it’s the end of the world as we have known it.
EU trade commissioner Karel De Gucht recently said, “The endgame has begun, and how it will finish I do not know.”
There is an implosion happening in Greece, and Spain is not far behind with Portugal and Ireland running neck and neck into the full embrace of depression and life-shattering bank runs.
Greece is a big deal and Spain is even bigger. Right now the European Central Bank (ECB) is starting to cut off funds from several Greek banks and there is a run going on at the same time.
Those banks are going down the toilet into a black hole and there will be a loud sucking sound as these banks pull hard on other banks. The Titanic is going down at the bow and just because you are at the stern (in the United States), not in Spain or Greece, it does not mean the cold waters of economic calamity are not going to come to the shores of your life.
Martin Weiss has a logical sequence that forecasts the ruin of our current way of life.
“That’s the only way they know how to react to the riots on the streets, how to finance their budgets, how to rescue their banks and save their own necks politically. And if you think Europe is too far away from your hometown to matter very much—too far away from Main Street USA—think again,” says Weiss.
Chris Martenson said:
“Well, my hat is off to the global central planners for averting the next stage of the unfolding financial crisis for as long as they have. I guess there’s some solace in having had a nice break between the events of 2008/09 and today, which afforded us all the opportunity to attend to our various preparations and enjoy our lives. Alas, all good things come to an end, and a crisis rooted in ‘too much debt’ with a nice undercurrent of ‘persistently high and rising energy costs’ was never going to be solved by providing cheap liquidity to the largest and most reckless financial institutions. And it has not.”
Graham Summers, of Phoenix Capital Research, just back from Europe says:
“The situation in Europe is bad… How BAD? Well, France, Spain, and Germany have ALL implemented border controls. Spain, France, and Germany can each close their borders for up to 30 days at any point if they so choose. Why are they doing this? Because they know that when the stuff hits the fan and the EU collapses (which it will in the next few months) people are going to attempt to flee with their money… so they have made it so that no one can get it… and no one can get out,”
“A €1 billion run [$1.28 billion] on a recently nationalized Spanish bank has sparked further fears that the 17-nation eurozone is about to implode. “The U.S. media has completely ignored this story because the implications are truly horrifying: that the EU and its banking system could very easily collapse in the coming months. After all, there are already bank runs taking place in Spain and Greece. Once things pick up steam NO ONE will be immune. No less than Ben Bernanke has publicly admitted that if the EU goes down, it will potentially take the U.S. with it. Make no mistake, what’s coming will be bigger and worse than 2008. We’re talking about bank holidays, civil unrest, and the worse,” said Summers.
You think this is all to be taken lightly? The Italian government does not think so and has deployed 20,000 law enforcement officers to protect individuals and sensitive sites.
The government increased security last Thursday at 14,000 sites, and assigned bodyguards to protect 550 individuals after a nuclear energy company official was shot and letter bombs directed to the tax collection agency.
It really is the end of the world we know, or the beginning of that end. Christians believe in the end of the world as a matter of course and the world is giving them every reason to think that their beliefs are correct. Our modern civilization is vulnerable from a number of different angles and the insanity of the elite and centuries of financial manipulation and control are smashing against the wealth of the masses and the very structure of society.
I read that Homeland Security is preparing for civil war, preparing to fight the heavily armed American people and internal security agencies have bought enough ammunition to kill everyone. Never has a public been so heavily armed so obviously the military and the police know it will take a lot to suppress Americans.
But they are not the only ones itching for war. Forty-nine headless bodies were dumped in Mexico and the idiots in Washington are still proud of their war against drugs. Modern civilization has been at war with its own people for a long while and now national governments are ready and set for war on a broader scale.
In the China Sea it’s the Philippines facing off against the Chinese and now we hear of a new unholy alliance in Israel that seems to have established a war cabinet to go full out to war with Iran.
Russia and Putin are talking rough and I don’t think they are kidding about defending their interests from the mentally deranged Europeans and Americans. Syria has joined the list of countries being torn apart by civil war.
Financial Armageddon is inching closer and closer. The future for the first world is already being written in Spain and Greece and even California, places where the money is running out big time. And the volcanoes and earthquakes just don’t stop. They just don’t stop and the reports keep coming in.
John Rubino said, “Europe’s leaders—that is to say German Chancellor Angela Merkel and the bureaucrats running the various eurozone agencies from Brussels—have looked into the abyss and don’t like what they see.
Specifically, a default and departure by even a relatively insignificant country like Greece might start a contagion that cripples or destroys the whole eurozone.
Paul Brodsky says, “The only way to deleverage is either to let credit deteriorate or to print money. Clearly the politically expedient way of deleveraging is to print money. Central banks can chatter all they want about not wanting to print money or wanting to keep the integrity of their currencies, but, at the end of the day, they don’t really have a choice.
They either have to manufacture more electronic credits and put them in the banking system or they have to let their banking system fail. That is just the reality. There is one interconnected banking system and they all have claims with each other. If German banks end up in difficulty, it presents problems for U.S. banks.
California Gov. Jerry Brown (D) has some bad news: His cash-strapped state isn’t $9.2 billion in the hole, as projected in January; the Golden State is actually facing a yawning $15.7 billion shortfall.
The business and financial community is not paying attention to what is happening in Fukushima and how that alone will ruin the plans of mice and men.
Rich or poor, it makes little difference when we are challenged beyond our capacity to respond. Assuming that life will go on as it has these past decades is perhaps one of the greatest and most dangerous assumptions most people are making today.
The mainstream news media feeds this almost universally-shared assumption, so when this greatest-of-all bubbles bursts, there will be hell to pay—that is for sure.
We are all going to have to turn our bows into more spiritual winds to manage the major upheavals headed our way. Depending on who and where you are, these major upheavals have already occurred leaving increasing millions desperate and without hope.
The illusion of growth is fast fading and what will take its place is an ugly depression with a threatened currency collapse as trillions are printed to save the world from its own stupidity.