Financial Professionals Sounding The Alarm, Economic Disaster Is Coming

– NOVEMBER 28, 2011POSTED IN: SURVIVAL NEWS

financial-professionals-sounding-the-alarm

You don’t have to search very far beyond the main stream to find lots of meaty articles about the dire economic straits we’re in – a world sinking in enormous debt of fiat currencies. A corrupt banking system swimming in 600 trillion of unregulated derivatives, an unimaginable staggering sum.

The reality is that we are getting much closer to a trigger event of an economic disaster, a domino effect of toppling systems, while at the same time we hope for miraculous resolutions.

This thing will begin in Europe.

British ministers privately warned that the break-up of the euro, once almost unthinkable, is now increasingly plausible.

Diplomats are preparing to help Britons abroad through a banking collapse and even riots arising from the debt crisis.

Diplomats have also been told to prepare to help tens of thousands of British citizens in eurozone countries with the consequences of a financial collapse that would leave them unable to access bank accounts or even withdraw cash.

Source: The Telegraph

 

With fiscal time bombs ticking in both Europe and the United States, the pertinent question for now seems to be which will explode first.

the U.S. is crystal clear in its intention to ignore its debt problems. With the failure of the Super Committee this week it actually became official. American politicians will not, under any circumstances willingly confront our underlying debt crisis.

Source: Financial Sense, Peter Schiff – Who’s Fuse is Shorter?

 

Is the world on the verge of another massive global financial collapse? Yes. The western world is drowning in an ocean of debt unlike anything the world has ever seen before, and our financial markets are gigantic casinos that are dependent on huge mountains of risk and leverage remaining very stable. In the end, this house of cards that has been built on a foundation of sand is going to come crashing down in a horrifying manner.

Most people out there are working hard and are busy preparing for the holidays and they are hopeful that the economy will turn around soon. But that is not going to happen. We are heading for another major global financial collapse, and when it happens the U.S. economy is going to get even worse.

The epicenter for the coming global financial collapse is almost certainly going to be in Europe. As you will see below, financial professionals all over the world are sounding the alarm about Europe. It is a disaster that everyone can see coming but that nobody seems to be able to prevent.

Source: The Economic Collapse – 17 Quotes About The Coming Global Financial Collapse That Will Make Your Hair Stand Up

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