by Mark Sircus
07 May 2010
from IMVA Website
Time is fast running out. Financial collapse once thought impossible now is looming.
When the world’s recession began, countries with the heaviest debt loads experienced the unforgiving brutality of reverse leverage. Now that payback time has arrived, not just individuals and corporations, but nations are threatened with default.
Meaning there is a world of deadbeats who will never be able to pay back their debts and investors are just starting to realize this.
Thursday was a wild day and today Friday things are not looking so hot in Asia or in Europe.
Thursday the Dow Jones industrials at one point lost 1,000 points, nearly a tenth of their value, with 60 percent of the drop happening in less than half an hour. It was the biggest drop ever during a trading day.
That half hour sent a lot of shivers down a lot of peoples’ spines.
On Wednesday President Carolos Papoulias said that Greece was standing on the "edge of the abyss."
The situation is turning nasty and things are looking darker all of a sudden to the masses that have been euphoric in green shoot la-la land. The Euro is dropping like a stone and now markets are panicking and remember Wall Street was already down by 400 points before things went crazy possibly due to some mistake.
What is happening in Greece and elsewhere is but a footnote, the main event is about to unfold.
Global financial crisis part II has
begun and we are going to see things blowing up all over the world
right before our very collective eyes. This is the final assault
and death agony of capitalism and on what little freedoms are
left though it could be complete chaos that undermines the best
plans of the elite class.
Where do you think California’s 30% drop
Investors are looking around and quivering in their boots.
2010 will go down as a final chapter before all hell breaks loose around the world.
Latvia laid off one in 3 of its
government workers and whoever
The entire edifice of trust and awe that the powers-that-be has inculcated regarding the monetary system is eroding. People have seen for themselves that the system is not a fair one and is in fact manipulated.
Faith and trust is increasingly rare commodity these days.
Recent polls show 4 out of 5 people do not trust Washington, and they trust Wall Street the same for these days it is really hard to separate the politicians from the bankers.
One out of every 12 city workers will be
let go in the
Dictatorship is already upon us as elected representatives defy the will of the people they represent and work against the public interest.
Confusion is raining down hard today
especially in England (Election Day) where they have not the
slightest idea what to do. The entire sociopolitical construct of
the West is in jeopardy as the first world is like Humpty Dumpty
falling off a very great and rich dry wall made in China.