Sammich
02-Jun-2012, 05:28 AM
Don't worry Dancing with the Stars, American Idol and even a new Housewives of Hawaii will still be seen at the regularly scheduled times right until it all comes tumbling down. Ain't bread and circuses grand?
Former Hedge Fund Manager Warns Of 'THE END GAME' In Terrifying Presentation (http://www.businessinsider.com/raoul-pal-the-end-game-2012-6?op=1)
Everyday, we hear some pretty grim predictions about the markets and the economy. But this is one of the more comprehensive and most gloomy outlooks we've ever seen.
Raoul Pal expects a series of sovereign defaults, the "biggest banking crisis in world history", and asserts that we don't have many options to stop it.
-- -------- Post added at 05:28 AM ---------- Previous post was at 05:17 AM ----------
And this just in:
'Beware a rerun of the Great Panic of 2008': Head of World Bank warns Europe is heading for 'danger zone' as world markets suffer bleakest day of the year so far (http://www.dailymail.co.uk/news/article-2153324/Markets-facing-rerun-Great-Panic-2008-Head-World-Bank-warns-Europe-heading-danger-zone-bleakest-day-global-economy-year.html?ICO=most_read_module)
The head of the World Bank yesterday warned that financial markets face a rerun of the Great Panic of 2008.
On the bleakest day for the global economy this year, Robert Zoellick said crisis-torn Europe was heading for the ‘danger zone’.
This dovetails with the Raoul Pal presentation.
Other bits of interest are London is preparing for a Euro collapse and Greece is printing drachmas in preparation to exiting from the EU.
Former Hedge Fund Manager Warns Of 'THE END GAME' In Terrifying Presentation (http://www.businessinsider.com/raoul-pal-the-end-game-2012-6?op=1)
Everyday, we hear some pretty grim predictions about the markets and the economy. But this is one of the more comprehensive and most gloomy outlooks we've ever seen.
Raoul Pal expects a series of sovereign defaults, the "biggest banking crisis in world history", and asserts that we don't have many options to stop it.
-- -------- Post added at 05:28 AM ---------- Previous post was at 05:17 AM ----------
And this just in:
'Beware a rerun of the Great Panic of 2008': Head of World Bank warns Europe is heading for 'danger zone' as world markets suffer bleakest day of the year so far (http://www.dailymail.co.uk/news/article-2153324/Markets-facing-rerun-Great-Panic-2008-Head-World-Bank-warns-Europe-heading-danger-zone-bleakest-day-global-economy-year.html?ICO=most_read_module)
The head of the World Bank yesterday warned that financial markets face a rerun of the Great Panic of 2008.
On the bleakest day for the global economy this year, Robert Zoellick said crisis-torn Europe was heading for the ‘danger zone’.
This dovetails with the Raoul Pal presentation.
Other bits of interest are London is preparing for a Euro collapse and Greece is printing drachmas in preparation to exiting from the EU.