Economic And Social Disorder Predicted

Very interesting comments to the linked article.

…You think 2007-2008 was bad?

That was a private sector collapse. The taxpayers of the world were the backstop – and for the most part business continued as usual.

We’re now to the point where entire nations are beginning to crumble under the weight of excessive spending and debt – and all of their backstops and emergency response plans have been exhausted.

The end result will be a paradigm shift unlike any we have witnessed in our lifetimes. There will be riots. There will be starvation. There will be bloodshed.

http://www.shtfplan.com/headline-news/pre-collapse-ramp-up-retailers-stock-up-on-shutters-organize-security-details-ahead-of-financial-meltdown-and-social-unrest_05292012

Related:

This is not the first time we’ve warned you about an imminent financial megashock.

In our Money and Markets of December 3, 2007, we specifically named Lehman Brothers as the next major firm to collapse on Wall Street. (See “Dangerously Close to a Money Panic.”)

In our Money and Markets of March 17, 2008, precisely 182 days before its failure, we again named Lehman, making it abundantly clear that it could be the trigger of a financial meltdown. (See “Closer to a Financial Meltdown.”)

And now, starting with last week’s edition, we are warning you of ANOTHER Lehman-type megashock.

A new telltale sign: Bank runs, the final nail in the coffin of any modern economy, are spreading among the PIIGS countries of Europe — and possibly beyond.

In Greece it’s already a tsunami — a desperate effort by millions of citizens to get their money out of danger before Greece is forced to leave the euro zone.

In Spain, it’s quickly turning into a flood, as individuals and businesses — with $1.25 trillion in total bank deposits — wonder if their country will be the next to leave the union.

In Portugal, Ireland, Italy or even France, banks are vulnerable to similar outflows. And once the stampede strikes more than two or three major countries, you could see bank runs all across Europe…

http://www.moneyandmarkets.com/bank-runs-spreading-across-europe-what-next-49763

Also related:

Slowly, surely the largest investors in the world are no longer buying the debt of Europe. Recently the Chinese sovereign wealth fund, China Investment Corp., said that they were done and would no longer be buying European debt

http://www.zerohedge.com/news/buyers-have-left-house

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