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Suddenly Everyone Is Warning About The Next Financial Collapse
Benzinga.com ^ | 5/31/11 | Michael Snyder

Posted on 05/31/2011 9:50:10 PM PDT by Kartographer

The following is just a sampling of the financial warnings that we have seen in recent days from some prominent voices....

*Economist Nouriel Roubini: "I think right now we're on the tipping point of a market correction. Data from the U.S., from Europe, from Japan, from China are suggesting an economic slowdown."

*Jim Rogers: "I would expect to see some serious problems in the foreseeable future….By 2011, 2012, 2013, 2013, I don't know when, we're going to have an economic slowdown again."

*Mark Mobius, the executive chairman of Templeton Asset Management's emerging markets group: "There is definitely going to be another financial crisis around the corner because we haven't solved any of the things that caused the previous crisis."

*David M. Blitzer, Chairman of the Index Committee at S&P Indices: "Home prices continue on their downward spiral with no relief in sight."

*Jeffrey Gundlach, CEO of DoubleLine Capital: "I think we're looking at some type of echo in the credit crisis coming up here. That's what I'm afraid of."

*Carl Icahn: "I do think that there could be another major problem. Now, will it happen next week, next year, i don't know and certainly nobody knows, but i don't think that the system is working properly. I really find it amazing that we're almost back to where it was, where there's so much leverage going on in the investment banks today. There's just way too much leverage and way too much risk-taking, with other people's money."

(Excerpt) Read more at benzinga.com ...


TOPICS: Business/Economy; Government; Society
KEYWORDS: bhoeconomy; buygold; buysilver; debt; default; economy; emergencyprep; financialcrisis; getreadyhereitcomes; getthingsinorder; greatestdepression; greatestrecession; greatrecession; hopeychangey; investment; nobama2012; obama; obamadepression; obamanomics; preparedness; preparenow; preppers; prepping; shtf; survival; survivalping; thecomingdarkness; tshtf
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Time to buy commodities and I am not talking gold and siver (thought those would be nice if you can efford them) I am talking food guns, ammo, basic household supplies like soap, papergoods, cleaing supplies, good sturdy clothes including extra socks, underwear and extra shoes and boots, a extra couple changes of oil and filters for your car, tools, things you buy everyday start buying two and put one up.
1 posted on 05/31/2011 9:50:11 PM PDT by Kartographer
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To: Kartographer

For those who haven’t prepared and would like to start or for those that have and are just interested you may download my Preparedness Manual at:

http://www.tomeaker.com/kart/preparedness1i.pdf

As the LDS say “When the emergency is upon us the time for preparedness has past.”

Or as the bible says: A prudent man sees danger and takes refuge, but the simple keep going and suffer for it.
NIV Proverbs 22:3


2 posted on 05/31/2011 9:50:30 PM PDT by Kartographer (".. we mutually pledge to each other our lives, our fortunes, and our sacred honor.")
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To: appalachian_dweller; OldPossum; DuncanWaring; VirginiaMom; CodeToad; goosie; kalee; ...

PING!


3 posted on 05/31/2011 9:51:36 PM PDT by Kartographer (".. we mutually pledge to each other our lives, our fortunes, and our sacred honor.")
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To: Kartographer

ping


4 posted on 05/31/2011 9:53:34 PM PDT by unkus
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To: Kartographer

It’s not suddenly.
Lots of people have been saying this for some time.
Geez


5 posted on 05/31/2011 10:00:14 PM PDT by Lorianne (o)
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To: Kartographer

Screw the commodities! I have so many potatoes and cabbages growing this year, all I am missing is the gulag...

If we don’t eat them all we can always make vodka. If you stop by the house, bring your own shovel....


6 posted on 05/31/2011 10:03:06 PM PDT by Bean Counter (Your what hurts??)
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To: Kartographer

Those guys are pikers.

When Jim Thompson says it’s bad I’ll believe it.


7 posted on 05/31/2011 10:05:56 PM PDT by Vendome ("Don't take life so seriously... You'll never live through it anyway")
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To: Kartographer

Nouriel Roubini and Jim Rogers have been on this since before the meltdown. They are not Johnny come lately’s to this thinking. A lot more have been on this as well. The difference now that has the news finally bubbling up to the public is that the MSM can’t hide the truth anymore. Things are so blatantly bad, they don’t know how to hide it. It is about time.


8 posted on 05/31/2011 10:11:44 PM PDT by Lazlo in PA (Now living in a newly minted Red State.)
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To: Kartographer

Even this dude is warning about it. It’s bad, you know.

http://www.youtube.com/watch?v=QzC_rGX-XyM


9 posted on 05/31/2011 10:20:14 PM PDT by familyop (Shut up, and eat your brains!)
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To: Kartographer
There is definitely going to be another financial crisis around the corner because we haven't solved any of the things that caused the previous crisis."

Well, then, impeach him.
10 posted on 05/31/2011 10:20:46 PM PDT by presently no screen name
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To: Kartographer

For those with little outdoor space.

“How to grow 100 lbs. of potatoes in 4 square feet.”
http://www.irisheyesgardenseeds.com/growers1.php


11 posted on 05/31/2011 10:37:39 PM PDT by familyop (Shut up, and eat your brains!)
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To: Kartographer

And anyone who doesn’t have “stuff” on hand is going to be sorry. Unavailable, very expensive, junk quality, not your size, etc. Things you can make are one thing (for instance, I have yards and yards and yards of many kinds of fabric, sewing supplies, sewing machines including foot pedal) but shoes? I can’t make shoes. Socks are hard too.


12 posted on 05/31/2011 10:40:14 PM PDT by little jeremiah (Courage is not simply one of the virtues, but the form of every virtue at the testing point. CSLewis)
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To: Kartographer

You think that is scary, watch this.

THE DECLINE: The Geography of a Recession
http://www.latoyaegwuekwe.com/geographyofarecession.html


13 posted on 05/31/2011 10:44:16 PM PDT by UCANSEE2 (Lame and ill-informed post)
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To: little jeremiah

True there is so much that isn’t even made here in America any more like shoes that ther could be shortages for sometime until the balance of things are restored.


14 posted on 05/31/2011 10:44:58 PM PDT by Kartographer (".. we mutually pledge to each other our lives, our fortunes, and our sacred honor.")
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To: Kartographer
Now that it's this late in the game, could this be a good time for someone within the press corps to ask (respectfully) of Mister Obama...

Has the president ever taken Econ 101a and b? Who was the professor? What were the textbooks? What were his letter grades?

Proof in the form of official transcripts would seem appropriate.

.

15 posted on 05/31/2011 10:49:11 PM PDT by Seaplaner (Never give in. Never give in. Never...except to convictions of honour and good sense. W. Churchill)
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To: Kartographer
suddenly ?

That implies this was unexpected, considering the prices of commodities and the trends, I'd say this was expected.

16 posted on 05/31/2011 10:49:22 PM PDT by Sonny M ("oderint dum metuant")
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To: Sonny M

"DOCTOR OBAMA THE PAITENT IS DEAD!"
"Well that was unexpected, but all is not lost it does free up my afternoon for a round of golf."

17 posted on 05/31/2011 11:00:49 PM PDT by Kartographer (".. we mutually pledge to each other our lives, our fortunes, and our sacred honor.")
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To: UCANSEE2

fascinating, thanks.


18 posted on 05/31/2011 11:29:29 PM PDT by americanophile (Hoping for Paul Ryan...will settle for the best I can get.)
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To: Kartographer

In before the living in fantasyland naysayers.

Good sound advice.

I’ve heard that the price of cotton has even gone up some.

We’re looking at cars and the guy we’ve been going to says the used car market is going crazy. They’re way up in price because of demand.


19 posted on 06/01/2011 2:41:47 AM PDT by metmom (Welfare was never meant to be a career choice.)
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To: presently no screen name

Truer words.......


20 posted on 06/01/2011 2:42:55 AM PDT by metmom (Welfare was never meant to be a career choice.)
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