Dr. Kevin Barrett: 9/11 False Flag Attack! Controlled Demolition!

Bob Chapman & Alex Jones: Fearing An Even Worse Inflationary Depression Ahead !

Alex Jones: Obama Plans Total Implosion of America!

Bob Chapman: Gold Will Go Right Back Up To $1900 And Go Higher!

• Bob Chapman : Gold will go right back up to $1900 and go higher , Gold closed higher than platinum …., the US government do not have the power to keep it down for more than two or three days and it is over , the central banks are buying as much as gold as they can …

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International Law Dead: ‘Friends of Libya’ Up For Control & Oil !

Zombies (Dick Cheney & Banksters) Stalking The World !

Even Goldman Sachs Secretly Believes That An Economic Collapse Is Coming!

Lord Darth Blankfein: Trust me, you American IDIOTS!

• Goldman Sucks, or Government Sachs, is an Illuminist bank. It is a major shareholder of the Federal Reserve. And yes, it ‘runs/owns’ the US government. The Satanic bloodlines behind this company are: Rothschild & Rockefeller! I repeat again: global economic, financial and monetary collapse is coming soon! Got physical gold yet? (emphasis mine)
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  Even Goldman Sachs Secretly Believes That An Economic Collapse Is Coming!
  By Michael Snyder, http://www.blacklistednews.com/
  Goldman Sachs is doing it again.  Goldman is telling the public that everything is going to be just fine, but meanwhile they are advising their top clients to bet on a huge financial collapse.  On August 16th, a 54 page report authored by Goldman strategist Alan Brazil was distributed to institutional clients. The general public was not intended to see this report. Fortunately, some folks over at the Wall Street Journal got their hands on a copy and they have filled us in on some of the details.
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  It turns out that Goldman Sachs secretly believes that an economic collapse is coming, and they have some very interesting ideas about how to make money in the turbulent financial environment that we will soon be entering.  In the report, Brazil says that the U.S. debt problem cannot be solved with more debt, that the European sovereign debt crisis is going to get even worse and that there are large numbers of financial institutions in Europe that are on the verge of collapse.  If this is what people at the highest levels of the financial world are talking about, perhaps we should all start paying attention.
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  There is a tremendous amount of fear in the global financial community right now.  As I wrote about the other day, the financial world is about to hit the panic button.  Things could start falling apart at any time.  Most of these big banks will not admit how bad things are publicly, but privately there is a whole lot of freaking out going on.
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  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.”
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  Perhaps most startling of all is what the report has to say about the debt problems of the United States and Europe. For example, this following excerpt from the report sounds like it could have come straight from The Economic Collapse Blog….
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  “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?”
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  Remember, this statement was not written by some guy on the Internet. A top Goldman Sachs analyst put it into a report for institutional investors. The report also goes into great detail about the financial crisis in Europe. Brazil writes about how the euro is headed for trouble and about how dozens of financial institutions in Europe could potentially be in danger of collapse.
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  But in any environment Goldman Sachs thinks that it can make money.  The following is how Business Insider summarized the advice that Brazil gave in the report regarding how to make money off of the impending collapse in Europe….
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  - Buy a six-month put option on the Euro versus the Swiss Franc, thus betting the Euro will drop against the Franc (the Franc being the currency that an official Goldman report recently referred to as the most overvalued in the world)
  - Buy a five-year credit default swap on an index of European corporate debt—the iTraxx 9. This is a bet that some of these companies will default, and your insurance policy, the CDS, will pay off
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  This is so typical of Goldman Sachs.  They will say one thing publicly and then turn around and do the total opposite privately. For example, prior to the financial crisis of 2008, Goldman Sachs was putting together mortgage-backed securities that they knew were garbage and marketing them to investors as AAA-rated investments.  On top of that, Goldman then often privately bet against those exact same securities. The CEO of Goldman Sachs has even acknowledged that the investment bank engaged in “improper” behavior during 2006 and 2007.
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  For much more on the history of all this, please see this article: “How Goldman Sachs Made Tens Of Billions Of Dollars From The Economic Collapse Of America In Four Easy Steps“. So will Goldman Sachs ever get into serious trouble for any of this? No, of course not.
  ….
  We have a financial system that is deeply, deeply corrupt and all of that corruption is a big reason why things are falling apart.
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  Sadly, the 54 page report mentioned above is right – we really are facing a global debt meltdown and we really are heading for an economic collapse. You aren’t going to hear the truth from the mainstream media or from our politicians because “keeping people calm” is much more of a priority to them than telling the truth is.
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  The debt crisis in the United States is unsustainable and the debt crisis in Europe is unsustainable.  Right now we are in the calm before the storm, and nobody knows exactly when the storm is going to strike. But let there be no doubt – it is coming.
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  The amazing prosperity that we have enjoyed for the last several decades has largely been a debt-fueled illusion. It was a great party while it lasted, but now it is coming to an end and the aftermath of the coming crash is going to be absolutely horrific.
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  Keep watch and get prepared. We don’t know exactly when the collapse is going to happen, but it is definitely on the way and now even Goldman Sachs is admitting that.

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Ambrose E. Pritchard: When Debt Levels Turn Cancerous!

Insurmountable mountain of debt!

• There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt. – John Adams, 1826
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• The world is overburdened by an insurmountable mountain of debt. The Illuminist banksters are telling us that the solution is more debt! The Illuminist snakes are not solving the problem. They are doing precisely the opposite of what is needed. They want to build this debt bomb into a nuclear debt bomb and detonate it worldwide! The Illuminists are about to pull the plug. A global economic, financial and monetary collapse is coming soon!
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  When debt levels turn cancerous!
  By Ambrose Evans-Pritchard, http://www.telegraph.co.uk/
  Now we know where the tipping point lies. Debt becomes poisonous once it reaches 80pc to 100pc of GDP for governments, 90pc of GDP for companies, and 85pc of GDP for households. From then on, extra debt chokes growth.
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   Stephen Cecchetti and his team at the Bank for International Settlements have written the definitive paper rebutting the pied pipers of ever-escalating credit. “The debt problems facing advanced economies are even worse than we thought.”
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  The basic facts are that combined debt in the rich club has risen from 165pc of GDP thirty years ago to 310pc today, led by Japan at 456pc and Portugal at 363pc.
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  “Debt is rising to points that are above anything we have seen, except during major wars. Public debt ratios are currently on an explosive path in a number of countries. These countries will need to implement drastic policy changes. Stabilization might not be enough.”
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  Demographic atrophy and aging costs will make this even nastier. “Rising dependency ratios put further downward pressure on trend growth, over and above the negative effects of debt.” Why has it happened?
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  1) Restrictions on credit have been “systematically removed” since the 1970s. (ie Gordon Brown’s 120pc mortgages and other such idiocies)
  2) Greenspan’s “Great Moderation” fooled us all into thinking the world was free of risk.
  3) The “Asian Savings Glut” pulled down real bond yields. (The BIS is being too kind to its masters — central banks — who also pulled down short rates for fifteen years, catastrophically so in my view).
  4) Tax policies favour debt; ie corporate debt in Europe, or mortgages in the US, as well as a host implicit debt subsidies and guarantees (Fannie Mae and Freddie Mac?)
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  So get rid of all these bad policies (gradually of course). The professoriat has been a little too cavalier in arguing that debt does not really matter for the world as a whole because we all owe it to ourselves. Debtors are offset by creditors (not always from friendly countries). Common sense suggest that this academic solipsism is preposterous, and so it now proves to be.
  …..
  My own suspicion is that debt has very powerful “intertemporal effects” that are not factored into the models. It steals growth from tomorrow, until there is little left to steal. The BIS does not explore this angle. (Mr Cecchetti said politely that I was talking nonsense when I raised this point with him .. well yes, perhaps, wouldn’t be the first time).
  …..
  Here is the league table. It is revealing. (top of post)
  As you can see, the US has one of the lower combined debts at 268pc of GDP. Australia is lowest (232), followed by Austria (238) and Germany (241). (I don’t believe the Norway figure in this chart. Norway has no public debt, except for purposes of monetary management).

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Sovereign Debt Worries Flare Again in Europe!

• The Eurozone sovereign debt bomb is about to explode! You cannot solve a debt problem with more debts at exorbitant interest rates! Do we really believe that Greece will not default when 1 year Greek bonds are at 60%, 2 years Greek bonds at 46%? This coming collapse will start in the Eurozone, bring down the financial/banking system and spread to UK, Japan and finally USA. Of course, by the end the whole world will be ‘in flames’! No country will escape this coming collapse.
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  Greek Bonds Plunge on Aid Deal Worries
  By NEELABH CHATURVEDI , http://online.wsj.com/home-page
  LONDON—Greek bonds fell sharply with two-year and five-year yields hitting euro-era highs as investors trained their guns back on the cash-strapped ountry amid signs of discord over a bailout package. Bonds issued by other highly indebted euro-zone countries also fell as traders fretted over the Italian government’s ability to push through fiscal tightening measures.
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  The two-year Greek bond yield rose by 2.64 percentage points to 45.92%, widening the yield spread over similarly dated German schatz by 2.47 percentage points to 45.39%. The five-year yield rose by 0.83 percentage point to 28.56%, while the 10-year yield climbed by 0.16 percentage point to 17.54%.
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  Sovereign Debt Worries Flare Again in Europe
  By MATTHEW SALTMARSH AND NIKI KITSANTONIS , http://www.nytimes.com/
  LONDON — Concerns about the euro zone’s ability to cohesively respond to its debt crisis resurfaced Friday after talks between Greece and its foreign creditors were interrupted and the head of the European Central Bank warned Italy to stick to its austerity program.
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  European stocks were sagging even before a disappointing U.S. jobs report added to concerns about the global economy, dragged lower by those companies most tied to growth like car makers, banks and insurers.       
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  Yields on 10-year Italian bonds rose almost a tenth of a percentage point to 5.21 percent — well above the 5 percent level that is considered to be the top rate desired by policy makers.       
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  The yield on Spain’s 10-year securities climbed slightly to 5.06 percent, despite passage in the lower house of the Spanish Parliament on Friday of an amendment that will enshrine stricter budgetary discipline in the Constitution.       
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  The E.C.B. on Aug. 8 began the extraordinary step of buying Italian and Spanish debt to help calm markets after 10-year rates had spiked to around the 6 percent level.       
  ….
  “There’s still no genuine investor demand for Spanish and Italian government bonds,” he said. Sentiment was hit after the team of European and International Monetary Fund officials pulled out of Athens early as they apparently disagreed over the country’s deficit figures and how to make up for a growing budget shortfall. The mission had been sent to determine whether Greece would meet the conditions for the next tranche of emergency loans, due in September.  
  …..
  An initial loan package, agreed to last year, has since been supplemented by a second bailout deal that was hammered out in Brussels in July, but which now hangs in the balance amid demands by some euro zone countries for guarantees from Greece in the form of collateral. Without that fresh aid, Athens could default on its obligations.
  ……
  One issue that dominated talks, which concluded in the early hours of Friday morning, was a deeper-than-expected recession in Greece that would necessitate “some additional elaboration to ensure there is no divergence” from deficit reduction targets, Mr. Venizelos said. 
  …..
  Mr. Venizelos also said that Greece’s economy was expected to contract by “up to 5 percent” but would not give a figure for the Greek budget deficit, broadly expected to overshoot a deficit target of 7.6 percent for 2011 by up to one percentage point. 
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  …. for the full article click here!

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Europe’s Banking System: A Slow-Motion Bank Run in Progress?

The smart money is fleeing danger! Should you trust European banks? Follow the smart money!

• Europe’s financial/banking system is teetering on collapse! All the indications are there for a coming global financial, economic and monetary meltdown. I have never in my life seen situation as bad as they currently are. It is easily 10x worse than the Great Depression and I am not exaggerating! Be careful, September and October are the months when financial earthquakes happen most frequently. It looks like fear and trepidation for the next 60 days at least. If you are not afraid, you do not understand what is going on. Don’t be like the sheeple public, the last to know and first to die!
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• Gold has rocketed to US$1884/oz. It is signalling worldwide currency debasement! What are you waiting for? An invitation to buy physical gold? Gold is heading towards US$10,000/oz! Any time is the right time to buy it. Ignore the day-to-day fluctuations. Gold and silver will be higher 1 month, 3 months, 6 months … into the future! (emphasis mine)
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  Europe’s Banking System: A Slow-Motion Bank Run in Progress?
  By Kash Mansori, http://wallstreetpit.com/
  Last week The Economist described what it called a “slow-motion run in the funding markets” in Europe — in other words, a gradual but steady run on European banks, as depositors remove their money from European banks and put it in places that are seen to be safer. It’s worth taking a look at some data to see how significant this phenomenon is.
  …..
  monetary financial institutions (“MFIs”, which basically means banks and money market accounts)
  ….
  To really understand what’s going on it’s useful to break the change in deposits held with European MFIs into two pieces: deposits owned by other MFIs, and deposits owned by non-MFI entities such as households and non-financial corporations. That story is told in the following table. (top of post)
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  Now we can understand why Greece, for example, doesn’t show a bigger fall in bank deposits in the aggregate statistics: households and corporations have indeed removed money from Greek banks at a substantial rate over the past 18 months (withdrawing about 15% of their deposits), but much of this has been replaced by increased deposits by other MFIs, reflecting the inflow of funds into the Greek banking system resulting from the various international measures to support it.
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  The truly troubling thing to note in the table, however, is the rate at which financial institutions have been withdrawing money from European banks. This has particularly affected those countries that have traditionally been large international money centers, such as Germany, the UK, and to a lesser degree, Ireland, but it has affected all of the major European economies to some extent. To varying degrees these withdrawals by financial institutions have been offset in the large euro-zone countries by steady increases in the deposits made by domestic residents and corporations (i.e. non-MFI deposits), leaving the overall level of deposits in the euro-zone roughly unchanged. But it seems very clear that the world’s big banks and other financial institutions are indeed moving their funds out of Europe at a significant rate.
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  Fortunately for them, the big euro-zone countries all have a large domestic base of depositors that has continued to deposit a portion of their earnings into their own banks, so alarm bells have not yet been sounded. But the fall in deposits by MFIs indicates that international money managers are nervous about keeping their money in European banks. And if their nervousness begins to spread to households and non-financial corporations (the way that it clearly has in Ireland and Greece, for example), this hidden slow-motion bank run will suddenly become very visible, and very dangerous.
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  One last note: according to this ECB data, MFIs in the UK have seen by far the largest falls in deposits over the past year and a half in absolute terms. But keep in mind that the UK does not even use the euro. That’s a potentially chilling reminder that if Europe’s debt crisis worsens and spreads, there’s every reason to believe that its effects will be felt well beyond the euro-zone.

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