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Prophets Of Doom: 12 Shocking Quotes From Insiders About The Horrific Economic Crisis Almost Here

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posted on Oct, 3 2011 @ 09:22 AM
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Prophets Of Doom: 12 Shocking Quotes From Insiders About The Horrific Economic Crisis That Is Almost Here

#1 George Soros: "Financial markets are driving the world towards another Great Depression with incalculable political consequences. The authorities, particularly in Europe, have lost control of the situation."

#2 PIMCO CEO Mohammed El-Erian: "These are all signs of an institutional run on French banks. If it persists, the banks would have no choice but to delever their balance sheets in a very drastic and disorderly fashion. Retail depositors would get edgy and be tempted to follow trading and institutional clients through the exit doors. Europe would thus be thrown into a full-blown banking crisis that aggravates the sovereign debt trap, renders certain another economic recession, and significantly worsens the outlook for the global economy."

#3 Attila Szalay-Berzeviczy, global head of securities services at UniCredit SpA (Italy's largest bank): "The only remaining question is how many days the hopeless rearguard action of European governments and the European Central Bank can keep up Greece’s spirits."

#4 Stefan Homburg, the head of Germany's Institute for Public Finance: "The euro is nearing its ugly end. A collapse of monetary union now appears unavoidable."

#5 EU Parliament Member Nigel Farage: "I think the worst in the financial system is yet to come, a possible cataclysm and if that happens the gold price could go (higher) to a number that we simply cannot, at this moment, even imagine."

#6 Carl Weinberg, the chief economist at High Frequency Economics: "At this point, our base case is that Greece will default within weeks."

#7 Goldman Sachs strategist Alan Brazil: "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?"

#8 International Labour Organization director general Juan Somavia recently stated that total unemployment could "increase by some 20m to a total of 40m in G20 countries" by the end of 2012.

#9 Deutsche Bank CEO Josef Ackerman: "It is an open secret that numerous European banks would not survive having to revalue sovereign debt held on the banking book at market levels."

#10 Alastair Newton, a strategist for Nomura Securities in London: "We believe that we are just about to enter a critical period for the eurozone and that the threat of some sort of break-up between now and year-end is greater than it has been at any time since the start of the crisis"

#11 Ann Barnhardt, head of Barnhardt Capital Management, Inc.: "It's over. There is no coming back from this. The only thing that can happen is a total and complete collapse of EVERYTHING we now know, and humanity starts from scratch. And if you think that this collapse is going to play out without one hell of a big hot war, you are sadly, sadly mistaken."

#12 Lakshman Achuthan of ECRI: "When I call a recession...that means that process is starting to feed on itself, which means that you can yell and scream and you can write a big check, but it's not going to stop."



M'kay.

Does everyone have their popcorn?

While I've never been told I have a terminal illness, I imagine this is what it must feel like once you're past the denial and horror and simply resigned to what may ultimately come next...

I might as well add extra butter and salt...


Good luck everyone.


See also: The man who predicted the market collapse TO THE DAY in 2008 predicts October 24, 2011 as a collapse



edit on 3-10-2011 by loam because: (no reason given)




posted on Oct, 3 2011 @ 09:30 AM
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Well Loam the timing is certainly right for end of Oct personally thought would have been by now.

Have to add the following candor for more famous quotes lol



If not Oct definately by next spring, wont make April worldwide as it is currently.

The Status Quo is both loosing its status lol and Quo.

Kind regards,

Elf



posted on Oct, 3 2011 @ 09:45 AM
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Someone has been predicting the collapse of civilization at least twice a week since I could read. It hasn't happened yet.

Heck, in the past two years I've sen about 30 "set" dates for the collapse of the global financial system come and go.

Same old song and dance.



posted on Oct, 3 2011 @ 09:47 AM
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reply to post by jtap66
 


Have you possibly even read the list and who said it?

And when?

is society that dumbed down they cant tell the difference between an You Tube pyschotic ranting and the people who run things saying

LOOK

Tssk

Elf



posted on Oct, 3 2011 @ 09:51 AM
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Ominous collection indeed.....The world may be poised to go broke, but the war profiteers will still be making money.....
this is unconscionable and the people will have their pound of flesh sooner or later for the backlash.
Wen roseanne barr is on TV talking of bringing back the guillotine, you know that the bolder of the citizens are already with her in spirit.
all it will take now is a servere devaluation of their money.



posted on Oct, 3 2011 @ 10:00 AM
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Although I am honestly to the point I could not give a flying F what happens next I do recognise it is a when and I recognise a rigged game when I see it..

There is no longer any doubt in my mind on that score.. or the realisation that it does not matter how much we might huff and puff, we (the people) will still deal with whatever they throw at us and get on with our lives as best we can.



posted on Oct, 3 2011 @ 10:12 AM
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The collapse will most likely happen before Christmas. It has to.
I can hear all the materialistic people now:
"My kid ain't gonna get nothin' for Christmas!"
"How am I gonna buy my kids those cool toys and brand name clothes that all their friends are wearing!"

I think all of this is going to bring about a mighty gloomy holiday for those who are always hell bent on spending as much as they can for all the "cool" things that they and their offspring obviously need.

Black Friday is going to be red this year.

Plus, ruining Christ's fake birthday celebration is another way to bring about a one world religion.



posted on Oct, 3 2011 @ 10:15 AM
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Originally posted by jtap66
Someone has been predicting the collapse of civilization at least twice a week since I could read. It hasn't happened yet.

Heck, in the past two years I've sen about 30 "set" dates for the collapse of the global financial system come and go.

Same old song and dance.
Same here.

On the other hand I've also heard predictions that by the year 2000 we would have flying cars, no need for fuels, a cure for aging, everyone would work from a home office, and political differences would be solved.



posted on Oct, 3 2011 @ 10:22 AM
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You don't need the gift of prophecy to have seen this coming, or to see where it could end up.

Alert me when someone figures out how we REALLY got in this mess.

will ya?




posted on Oct, 3 2011 @ 10:34 AM
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reply to post by jtap66
 
I wish what you say is true, unfortunately the coming collapse and subequent chaos are very real indeed
The signs have been readable since 2008 that a global depression was brewing. It will be much worse than the 30's era depression as well, because of globalization and the huge increase in population.



posted on Oct, 3 2011 @ 10:40 AM
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reply to post by Afterthought
 


Guess who's not ordering?



Factory activity in Europe and Asia slumped in September to levels not seen since the depths of the financial crisis as export demand dropped




Even in China, which reported a slight uptick in its official PMI, economists saw evidence of a cool-down. China's factory activity typically rises in September as businesses prepare for the Golden Week holiday, but this year's increase was smaller than the average.

"There was no reason to be cheerful, as this was in fact the weakest September reading ever and was on tie with that in 2008," said Yao Wei at Societe Generale.


www.reuters.com...

Ooh. some dumb and fat kid is not gonna get new toys this Christmas.



posted on Oct, 3 2011 @ 11:31 AM
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reply to post by loam
 


Nowdays I see your screen name, hit flag, hit star, then read.
This lends great creedence to everything I've been say'in for the last 7 to 8 years now.
Excellent read loam. Thank you. I think it's hilarious the way most of them have something dire to say. Yet not one will call attention to the most obvious. That this has all been engineered.




edit on 3-10-2011 by randyvs because: (no reason given)

edit on 3-10-2011 by randyvs because: (no reason given)



posted on Oct, 3 2011 @ 11:44 AM
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reply to post by Fractured.Facade
 


Fractional Reserve banking.
If it weren't for that no run on any bank would make a difference.
The fractional reserve lending practice is going to die due to it's own entropy and allowing debt to outrun job growth. It's really fairly simple.
How to get out of this mess is what's gonna be hell.
I think "hot war" is probably their bailout plan, unfortunately.



posted on Oct, 3 2011 @ 04:14 PM
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I admit, even though I agree that trouble is brewing, I can't help but read these threads and have Invader Zim pop into my head.

From a purely logic and technical stance, the global economy should have collapsed (and likely DID collapse) in 2008... what has kept it "alive" for the past 3 years? Smoke & mirrors, my friends, smoke and mirrors. The realization of the collapse and all the tasty bits & pieces that come along with that realization will not occur until the magicians decide to turn off the smoke machines and break the mirrors. I do not believe anyone outside of the inner circle of neo-warlocks and jesters that run the whole show can predict when that moment will arrive.

Stay vigilant and prepared, but don't anticipate any specific dates or events because, in reality, all those predictions do is drive the fringe believers away from their beliefs when those dates and events do not come to pass.



posted on Oct, 3 2011 @ 04:42 PM
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It would be nice to know what George Sorros is doing, I suppose we will know when his private army comes knocking on the door demanding what little food we have, and syphoning gas from the auto..



posted on Oct, 3 2011 @ 05:02 PM
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I have no money so I have nothing to lose.
I have no greed so I have nothing to gain.
It seems the money makers and holders are worried that you the consumer will have no money to buy their goods and services.
Then we will have no one to turn to but each other.
Thats the powers that be no. 1 fear and why they are hyping this so much.
That we no longer depend on them.
That their power and status will dry up and they will fade away.
Good Riddance... Ptoooey!



posted on Oct, 3 2011 @ 05:30 PM
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reply to post by intrptr
 

Very poetic and to the point. May I quote you in the future?



posted on Oct, 3 2011 @ 05:54 PM
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reply to post by intrptr
 


Oh how I used to dream of such things,

However the reality is that Government, International Organisations Like the IMF, WHO, UN, Military, 3 letter agencies, healthcare, food supply & distribution, prisons, communications, environmental services, and our pensions wages, forms of paying and mortgages are all,

Now so interlinked,connected to & controlled by the Banks, Funds & markets that when

"They"

are running for their lives,

Most of us will be to!

Amazing what people will do to feed their families/selves, get a sick person help, survive.

Its just a fact of human nature, a base instinct that comes back when society collapses, and in many G20 it certainly would imho.

No 3 day cycle delivery in supermarkets quickley ish, no access to life savings, pension pots, assets all striped quickly,

You know the vibe, no street lighting, repairs, ques for bread soon and all that. Not a good scenario.

As said know one really knows the time but alas the "hot war" is very likely if history proves or suggests anything,

Taking into account this Thread as an example and many others I fear much it will be bright hot a flash and there will be footage of it, lots of it.

An "Shock & Awe" emotional reset Event, instant overwhelm emotionally, open mouthed most will be watching it on TV 9/11 x100, and so the "new" reality, or "bin laden or sorry was it iraq?" will be beamed to us.

Out of fear 99% will do or support the "Mission" as their shock and fear turns to first, anger then vengence and will be neatly vented where wanted like recently and even now by "Them"

There is some heightened & overt meddling fighting by all three sides, NATO/KFOR Serbs Kosovans at the mo in old yugoslavia Serbia/Bosnia and its relevance in the last ethnic cleansing in Europe, starting WW1 amongst others is worth watching closely indeed as the timing, usually the favourite playground to set the fuse for big European restructuring and even world war.

The above is really really worth watching as tinder. Bin Laden was there tin foil hat extreme on, is Gadafi there now? lol and if not another very very hot tinder indeed for any "hot war" to start.

Kind Regards,

Elf



posted on Oct, 3 2011 @ 06:05 PM
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They must mean that it is going to collapse for the rich and powerful because us poor folk already saw it fail a long time ago.



posted on Oct, 3 2011 @ 06:32 PM
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First and foremost - Soros
The top supporter of socialist and communists groups in the world is worried about anything other than himself


OK, got that out of the way.

I think the main problem is that they are predicting a recession, not the end of Western Democracy. That is just irrational people misusing fact to support delusional idea's. Yes the economy is bad and Europe made a lot of stupid socialistic dumb moves for which they will pay.

Greece caused its own problems.

Spain caused its own problems.

The UK is headed down the same path until recently.

Strangely enough, it seems Canada woke up some time in the 1990's and they are well on their way out of the insane entitlement culture mess. They cut their debt, stopped spending like drunken socialists and started drilling and let business create adequate jobs. Time for the others to come out of denial and drop the insane ideologies that conclude you can spend your way out of debt.

Those of you who's votes they are buying with other peoples money, shame on you! Sold out for a handout!

Soros

Really




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