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Felix Zulauf: The Euro Will Disintegrate, China Will Burst, Credit Markets Could Get Nationalized

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posted on Jun, 9 2012 @ 08:43 PM
Business Insider

Felix Zulauf, a Swiss hedge fund manager, has an extremely dark forecast for the world.

He recently participated in Barron's Roundtable.

As for the euro, it is a misconstruction. As I said in January, I expect the disintegration to begin in the second half of this year. That should lead the world into financial and economic chaos. My two major themes into 2013 are euro disintegration and China weakness, due to the bursting of a real-estate boom.

On the credit markets:

It is an explosive cocktail. The tower of debt is compounded by the gigantic over-the-counter derivatives market. In the past 10 years the notional value of derivatives worldwide has grown from $100 trillion to almost $800 trillion...

The potential exists for a broad-based nationalization of the credit system, capital controls and dramatic restrictions on financial markets. Some might even be closed for some time...

We are witnessing the biggest financial-market manipulation of all time. The authorities have intervened more and more, and thereby created this monster. They might change the rules when the game goes against their own interests.

What is it about hedge fund managers and their predictions of doom on the world economy? They're not driven by political interests, but financial interests, whether that results in a more truthful assessment or not is to be seen. Zulauf does raise some valid points though as China is weakening and taking evasive policy actions and the Eurozone crisis continues unabated with more countries being drawn into the turmoil.

posted on Jun, 9 2012 @ 10:28 PM
Well, the euro is already dead the rest of Europe doesn't know it.. yet. Now hearing that Spain will need a huge bailout, not to mention Italy, whew. Down it goes.

It all depends on how insulated others make themselves. The South American and African blocs are steppin their games up and India.. India is good, gravy i'm sure. Yea, i'll say India is straight gravy right now.. not turkey gravy but rice and gravy gravy.

The Canadians are just going to smoke pot and laugh at everyone as they start jumping out windows. Socialism is good in some forms. Can't knock those that let you smoke the green leaf.

China? They are realists and commies, heh. Europe is already their biggest customer not us. See Americans, you already got replaced and didn't know it. So when the Euro dives, the Chinese will simply find new customers. We're broke so it ain't gonna be us. How are Chinese African relations right now? Oh that's right.. wonderful!

Hm, now i wonder who is going to give Africa all those pretty infrastructure thingies so it can join China & India. Uh oh, what if African countries start supporting Chinese interests in Africa. Uh oh if European and American economies are in the tank how are we going to fund the war machine. Big Uh oh, when shtf, what happens to the shiny new African command?

Hm, i wonder if there is an actual limit to the monies the IMF can print i mean.. supply
. Damn these boys better find that gold and fast, the clocks tickin.

posted on Jun, 10 2012 @ 04:26 AM
Ok so we are now talking about 800 trillion.

I wanted to know what the next number was called. ie 1000 trillion

I found this table which tells me it's a quadrillion.

Also has the names of the next big numbers, we might need them.

This part worried me

The system used in the U.S. is not as logical as that used in other countries (like Great Britain, France, and Germany). In these other countries, a billion (bi meaning two) has twice as many zeros as a million, and a trillion (tri meaning three) has three times as many zeros as a million, etc.

I hope everyone is talking about the same quadrillion

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