World Economic Chaos

[Andy]

Re: Run on the banks

I agree 100% with you so true. We are not in recovery, it's deceptive and if they really took the time to look, maybe they would see it.

If the price of food and gas is "recovering" then I'd like to know what, "We're in for a long, tough, ride" looks like.

Amazing how the cost of living skyrockets but technology prices goes down. It's getting to where a laptop will be cheaper than a tank of gas one of these days!

[cornerstone33]

Re: Run on the banks

Demonic forces at work I would say, this is not a coincidence, these are evil forces at work who hate this country, and want to see it's demise and bring us into socialism. President Washington would had tried most of them for treason if he was still here, shame on them!!

Just a year ago, I would walk out of the store with 20 bags of groceries, now for the same price, I get 10 or less. And if they shrunk the bags or bottles or cans, I stay away from those items because I taught myself that I can do without. And I see the other side of the coin, that the truckers needed to increase the prices because, the price of gas/diesel went out of control for them.

[Issachar]

Re: Run on the banks

I just dont understand why gold bullion is tanking?

It's a matter of perspective. See, gold, silver, etc., have intrinsic value. That is, it's value isn't tied to the value of a currency; certainly not a paper currency .. a fiat currency. The value is fixed. What changes in value is .. if it can even be called "value" .. is the USD, Canadian, Euro .. all paper currency. It is nearly whimsical. So while paper currencies are going all over the place in "value", against one another mostly, gold and silver isn't going anywhere in value. There will always be demand for it. God created it and biblically, it is used for "money." Also, as we see in the building of the temple(s) as well as other uses, God also places high value on it. Precious little is deemed by God to have higher value. But of that which does, probably wisdom is at the top.

Imho, gold and silver should not primarily be bought, in order to turn around and sell it, some time later, at a higher currency value. That can be done as it is a good hedge against inflation, that insidious, unnecessary, process of wealth confiscation. The elitists hate people that realize gold's intrinsic value and hold onto it. They want the general populace to be yanked around by their whims ... Gold's going up! Quick! Buy some. Oh no! Gold is going down! Quick! Sell it!! Stay off of the whip elevator. If you can, just buy some and sit tight. The world's governments are devaluing their various and assorted currencies, rapidly.

I have to go .. if I think of anything else .. if you're interested, I'll type it.

Issachar, sees the "world" as comical ... if it's actions didn't have such dire consequences on real peoples lives ...

[Butterfly]

Re: Run on the banks

Paul Begely did a good take on this.


Is The World About To Unravel? Run On Greek Banks!!



Published on May 16, 2012 by paulbegley34
Theologian Paul Begley of Indiana reveals the soon economical collapse of the Greek Euro as citizens make a run on the banks http://www.paulbegleyprophecy.com http://finance.yahoo.com

[wendyj]

Re: Run on the banks

I wondered whether I should do a new thread on money--the system--and what is going on with gold down and oil etc. , because of Tom Cloud's latest email he referenced this article.

WHO IS CRASHING THE SYSTEM?

http://kingworldnews.com/kingworldne...he_System.html

With continued volatility in many of the key global markets, 40 year veteran, Robert Fitzwilson wrote this exclusive piece for King World News. Fitzwilson is founder of The Portola Group, one of the premier boutique firms in the United States. Here are Fitzwilson’s observations: “We know that the world’s debt-based, fiat money system can only be revived and sustained by the combination of more debt creation and consumption. We have arrived at a critical point in history.”


READ THE FULL ARTICLE : I'd love to hear the comments on it.

[Guest]

Re: ? "if Greece exits the Euro" ?

Now Spain has a run on their bank system.

http://www.ft.com/intl/cms/s/0/187a0...44feabdc0.html

[Andy]

World Economic Chaos

Okay, I just stumbled onto an article now about Spain's economy in huge trouble. Banking, recession, etc. I think it is indeed time to start a pinned thread on this subject as this is, in the eyes of most eschatology students/teachers, a sign of the end times, too.

My suggestion is instead of doing a "Reply" and keeping the Title (Subject) change the subject to match the article.

Hope that makes sense!

[Andy]

Spain beset by bank crisis, recession, bond pressure

http://news.yahoo.com/spanish-recess...-business.html

MADRID (Reuters) - Spain's borrowing costs shot up at a bond auction on Thursday, after economic data confirmed the country is back in recession and reports of an outflow of deposits from nationalized Bankia hammered its share price.

The Spanish Treasury had to pay around 5 percent to attract buyers of three- and four-year bonds. The longer-dated paper sold with a yield of 5.106 percent, way above the 3.374 percent the last time it was auctioned.

[Issachar]

Re: World Economic Chaos

I thought this was somewhat fitting ...





Issachar

[Butterfly]

Re: World Economic Chaos

WRAPUP 1-Europe's economic woes dominate G8 gathering

Reuters - UK Focus – Sat, May 19, 2012 10:12 BST

CAMP DAVID, Md., May 19 (Reuters) - U.S. President Barack Obama will press European leaders to ease up on fiscal austerity and focus on economic growth at a summit on Saturday that will discuss ways to stem turmoil in the euro zone and head off the risk of global contagion.

http://uk.finance.yahoo.com/news/wra...091236878.html

(underline mine). Merkel now has 2 socialists to contend with in the Eurozone.

[Issachar]

Re: World Economic Chaos

I agree. If interest rates remain at or near zero, inflation will destroy the economy in a way that will make the "Great Depression" era of the '30's, look like "no big deal." But as soon as rates rise, if they are allowed, to avert the hyper-inflation (no choice at zero percent) scenerio, the U.S. will be in a default mode. No more loans, let alone loans to the tune of six billion dollars daily as is now the case.

The world is rapidly approaching a lock-up postition in economics. It is by design. Enter the solution ...

Issachar

[SAT]

Re: World Economic Chaos

G7 to hold emergency euro zone talks, Spain top concern

Finance chiefs of the Group of Seven leading industrialized powers will hold emergency talks on the euro zone debt crisis on Tuesday in a sign of heightened global alarm about strains in the 17-nation European currency area.

With Greece, Ireland and Portugal all under international bailout programs, financial markets are anxious about the risks from a seething Spanish banking crisis and a June 17 Greek election that may lead to Athens leaving the euro zone.

http://news.yahoo.com/g7-hold-emerge...zA2Yw--;_ylv=3

[Guest]

Re: World Economic Chaos

http://news.xinhuanet.com/english/wo..._123234094.htm

Brazil to tout concerted action at G20 Leaders' Summit

BRASILIA, June 4 (Xinhua) -- The world's leading economies, especially those in Europe, must work together to combat the current global financial crisis, Brazilian President Dilma Rousseff said Monday.

Speaking at an official luncheon marking the visit of Spanish King Juan Carlos I, Rousseff said failure to act was not an option while insisting the world could not expect emerging economies alone to solve the problem.

The G20 Leaders' Summit will be held in the Mexican resort of Los Cabos from June 18-19. It is expected the meeting's agenda will be dominated by Europe's debt crisis and its impact on the world economy.

[SAT]

Re: World Economic Chaos

G20 may press Germany for stimulus spending: source

"Countries with sound fiscal positions will be encouraged to boost spending at the G20 level," the official said.

"As of now, Germany and Canada could be seen as those having fiscal capabilities among the advanced economies."

http://www.reuters.com/article/2012/...85402L20120605

Really! Canada! Really????

[SAT]

Re: World Economic Chaos

EU monitors heading to Madrid, despite 'Men in Black' claims

Spain's €100 billion bail-out will be accompanied by EU-IMF supervision of banking reforms, EU and German officials said on Monday (11 June) - contradicting Madrid's claims that no "men in black" will come to the country as they did to Greece, Ireland and Portugal.

Earlier that day, his spokesman said it was not important what the supervision is called - "troika ... men in black ... quartet" - but that Spain's banking reform will be under scrutiny in return for receiving the up to €100 billion loan from its eurozone partners.

http://euobserver.com/19/116575