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18 Signs That Global Financial Markets Smell Blood In The Water
The Economic Collapse ^ | July 19, 2011 | Staff

Posted on 07/19/2011 3:19:05 AM PDT by lbryce

Can you smell it? There is blood in the water. Global financial markets are in turmoil. Banking stocks are getting slaughtered right now. European bond yields are absolutely soaring. Major corporations are announcing huge layoffs. The entire global financial system appears to be racing toward another major crisis. So could we potentially see a repeat of 2008? Sadly, when the next big financial crisis happens it might be worse than 2008. Back in the middle of 2008, the U.S. national debt was less than 10 trillion dollars. Today it is over 14 trillion dollars. Back in 2008, none of the countries in the EU were on the verge of financial collapse. Today, several of them are. This time if the global financial system starts falling apart the big governments around the world are not going to be able to do nearly as much to support it. That is why what is happening right now is so alarming. As signs of weakness spread, the short sellers and the speculators are starting to circle. They can smell the money.

Back in 2008, bank stocks led the decline. Today, that appears to be happening again. The "too big to fail" banks are getting absolutely pummeled right now. Most people don't have much sympathy for the banksters, but if we do see a repeat of 2008 they are going to be cutting off credit and begging for massive bailouts once again, and that would not be good news for the economy.

In Europe, the EU sovereign debt crisis just seems to get worse by the day. Bond yields for the PIIGS are going haywire. The higher the yields go, the worse the crisis is going to get.


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


TOPICS: Business/Economy; Extended News; Government; News/Current Events
KEYWORDS: anarchy; economiccollapse; financialdystopia; societalmeltdown

1 posted on 07/19/2011 3:19:21 AM PDT by lbryce
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To: lbryce

Another meltdown. Baraq and Bernanke inspire zero confidence. They seem to be floundering around cluelessly.


2 posted on 07/19/2011 3:25:32 AM PDT by YankeeReb
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To: lbryce
well, they might just as quickly be soothed.

they just need to hear the right music.

but lately the band has really sucked...

3 posted on 07/19/2011 3:33:46 AM PDT by the invisib1e hand ("America will cease to be great when America ceases to be good." -- Welcome to deToqueville.)
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To: lbryce

It’s becoming obvious that they will print more money. This will bolster the stock market. Investors would prefer the stock market rise without QE but they would also prefer that the stock market rise due to QE as opposed to sliding backwards because of no QE. Worst case scenario, it slides backwards anyways despite another dose of QE. Gold remains the best investment IMO. It covers your butt pretty well no matter what happens. also, keep in mind, there are going to be big winners and big losers coming out of this global crisis.


4 posted on 07/19/2011 3:45:13 AM PDT by RC one (DO NOT RAISE THE DEBT LIMIT!)
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To: RC one

>> It covers your butt pretty well no matter what happens.

If a depression is what happens and you paid top dollar for your gold before prices slide, it loses your butt.

Just sayin’.


5 posted on 07/19/2011 3:49:25 AM PDT by Nervous Tick (Trust in God, but row away from the rocks!)
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To: Nervous Tick

the chaos that will ensue from such a depression will make gold look like the only life boat left on a sinking ship full of people. the utter failure of unfunded currency? think about it.


6 posted on 07/19/2011 3:53:32 AM PDT by RC one (DO NOT RAISE THE DEBT LIMIT!)
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To: lbryce

Better a horrible ending than horrors without end.

The government has been pumping up bubbles for too long and it may be way past time for a soft landing, at the risk of mixing a metaphor.


7 posted on 07/19/2011 3:56:32 AM PDT by Lonesome in Massachussets (Somewhere in Kenya a village is missing its idiot)
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To: RC one
In a depression, reservoirs of value are probably your safest bet. Better gold than any paper currency.
8 posted on 07/19/2011 3:58:22 AM PDT by Lonesome in Massachussets (Somewhere in Kenya a village is missing its idiot)
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To: RC one

The utter failure of unfunded currency and depression do not necessarily go hand-in-hand.

Anyway, the real lifeboats will be the things people need to live: food being #1, followed by a roof over your head, energy, and medicine/medical care.

Gold will be a shiny, pretty metal that some (not all) who have the above to trade will value.


9 posted on 07/19/2011 3:58:46 AM PDT by Nervous Tick (Trust in God, but row away from the rocks!)
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To: Nervous Tick

there will be two classes of people in such a scenario, those who scrounge for necessities and those who buy and sell gold. There will ALWAYS be a buyer for your gold somewhere. don’t kid yourself, gold is still the world’s real reserve currency no matter what Ben Bernanke says.


10 posted on 07/19/2011 4:05:34 AM PDT by RC one (DO NOT RAISE THE DEBT LIMIT!)
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To: lbryce
Congress and the pRes_ _ent want Americans on their
knees to them, and the bankers.


Umberto Calvini:
"The government bankers want to control the debt,
And whoever controls the debt, controls everything.
This is the essence of the banking industry,
to make us all slaves to debt."

11 posted on 07/19/2011 4:05:44 AM PDT by Diogenesis (No man's life, liberty, or property is safe while the legislature is in session. - Mark Twain)
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To: lbryce

When everybody and his grandmom knows that the markets are going to tank, that’s when the markets rally. 1440 by December.


12 posted on 07/19/2011 4:18:55 AM PDT by SC_Pete
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To: RC one

>> there will be two classes of people in such a scenario, those who scrounge for necessities and those who buy and sell gold.

There must also — and will also — be a third class of people in that scenario: those with the foresight to store *true* value in useful things, like for example land, tractors, fuel, biodiesel-making capability, antibiotics, roofing tools, ...

I’m not a big believer in a “WTSHTF” scenario, although I acknowledge that it *could* happen. But let’s assume it *does* happen. I envision a scenario like the following:

YOU: I’m hungry. I want to buy a chicken from you.
ME: “Buy”? What does that mean? There’s no such thing as money anymore.
YOU: Okay, sorry, I want to trade with you.
ME: What do you have to trade?
YOU: I’ll give you a tiny sliver of gold shaved off this coin.
ME: Ha ha ha ha ha. What good is that to me?
YOU: Then what do you want?
ME: I need a quart of lube oil and a fan belt for my tractor.
YOU: [blank look]
ME: OK, I’ll take pity on you. Give me that gold coin...
YOU: DUDE! I paid FIVE THOUSAND DOLLARS for that coin!
ME: What’s a dollar?

... you get the picture.


13 posted on 07/19/2011 4:20:02 AM PDT by Nervous Tick (Trust in God, but row away from the rocks!)
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To: Nervous Tick

“It was horrible. Horrible! Like lightning it struck. No one was prepared. The shelves in the grocery stores were empty.You could buy nothing with your paper money.

– Harvard University law professor Friedrich Kessler on on the Weimar Republic hyperinflation (1993 interview)”

http://www.webofdebt.com/articles/hyperinflation.php


14 posted on 07/19/2011 4:26:36 AM PDT by BlatherNaut
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To: BlatherNaut

The interesting thing is, people in the country did OK.

It’s the urban dwellers that were suddenly and viciously screwed.

It’s all about the *necessities* of life.


15 posted on 07/19/2011 4:29:27 AM PDT by Nervous Tick (Trust in God, but row away from the rocks!)
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To: Nervous Tick

If I were a provider of food, housing, energy or medical care I would want to be paid.

Gold and Silver would be acceptable, because they have the attributes of money. Mere currency and barter might become plausible alternative forms of payment, but would carry frictional costs which would tend to up the price.

E.g. A doctor wouldn’t want to be paid in beets or baby-clothes, and he would look askance at a rapidly-depreciating sheaf of Ben Bernanke Clown-Bux. But in 2014 a single oz of Silver will definitely get his attention.


16 posted on 07/19/2011 4:29:47 AM PDT by agere_contra ("Debt is the foundation of destruction" : Sarah Palin.)
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To: RC one
they will print more money. This will bolster inflate the stock market

Inflation is seen quickly in stocks

17 posted on 07/19/2011 4:31:06 AM PDT by bill1952 (Choice is an illusion created between those with power - and those without)
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To: lbryce

Why speak of going back to 2008, we are still in the depression of 2008, there was never a recovery, just an artificial boost that shot the whole wad before it was necessary, now we have nothing to bail us out.

Obama’s job has been done, he has destroyed our economy and he is still attacking us.


18 posted on 07/19/2011 4:41:01 AM PDT by Venturer
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To: agere_contra
If I were a provider of food, housing, energy or medical care I would want to be paid.

Good plan, until you meet someone who needs what you have, can't pay for it, but has a gun.

If the SHTF in a major way, the population of any urban area will go feral as quickly as after missing ones days food. Once it starts, it will snowball rapidly. No matter how far from urban areas you live, you will be found. The further out you live, the more resourceful and skilled will be the hunters. Darwin and all.

19 posted on 07/19/2011 4:44:56 AM PDT by IamConservative (Do peeps that drive Smart Cars on freeways have a death wish? If not, they better have spare undies.)
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To: IamConservative
until you meet someone who needs what you have, can't pay for it, but has a gun.

That's a fair description of the Federal Government.

20 posted on 07/19/2011 4:51:16 AM PDT by Rocky (REPEAL IT!)
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To: Rocky
That's a fair description of the Federal Government.

True indeed.

21 posted on 07/19/2011 4:53:22 AM PDT by IamConservative (Do peeps that drive Smart Cars on freeways have a death wish? If not, they better have spare undies.)
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To: YankeeReb

In my view, the back breaking straw is in Europe, not America.

A European bank, perhaps Spanish or Italian will close and precipitate the panic


22 posted on 07/19/2011 4:57:01 AM PDT by bert (K.E. N.P. +12 ....Flash mobs are trickle down leftwing REDISTRIBUTION))
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To: IamConservative
If you look carefully, the feral behavior has already started.

Buy a farm in a non-diverse area ASAP.

23 posted on 07/19/2011 4:59:18 AM PDT by Aevery_Freeman (White Hetero Able Male (WHAM) a.k.a. NOT Holder's people)
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To: RC one
"there will be two classes of people in such a scenario, those who scrounge for necessities and those who buy and sell gold. There will ALWAYS be a buyer for your gold somewhere. don’t kid yourself, gold is still the world’s real reserve currency no matter what Ben Bernanke says."

And the third category - Wolves with guns and ammunition.

24 posted on 07/19/2011 5:01:55 AM PDT by Truth29
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To: IamConservative

Doctor! Operate on my appendix or I’ll blow your fracking head off!

When massive devaluation events occur - e.g. as we saw in Argentina - civilization doesn’t end.

There is turmoil and increased violence. A whole lot of people become criminals and prostitutes who would never have done so otherwise. The police become more corrupt. It becomes dangerous to stop at stop lights because of kidnappers. Everyone begins to carry knives and handguns. The Government becomes more arbitrary and draconian, if that were possible. All this is historically attested from real-world currency crises.

But people still buy and sell. If anything they gain an increased appreciation of true money and the value of hard assets. They especially prize precious metals. Why? Because Gold and Silver have the attributes of money: they can be bartered-for-anything and they don’t depreciate.

You won’t do yourself any particular harm by insisting on storing e.g. 15 years worth of provisions and weaponry - in fact that is an excellent set of precautions to take.

But if you need to buy the services of e.g. an engineer to repair your generator or a midwife to deliver your daughter’s baby then you find not everyone is happy to be paid in small bottles of whiskey.


25 posted on 07/19/2011 5:05:55 AM PDT by agere_contra ("Debt is the foundation of destruction" : Sarah Palin.)
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To: Nervous Tick
Gold and silver are only an insurance policy that should be owned by every thinking citizens against the possibility of an inflationary collapse. I have some, but I also have weapons, ammo and food stocks.

Precious metals are one more potentially useful (and maybe critical) item that we should stock in case of emergency. Anyone who puts all their money in gold and silver is acting foolishly.

26 posted on 07/19/2011 5:05:59 AM PDT by Dr. Thorne (Buy Gold and Guns Now!)
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To: Nervous Tick
The guy in your analogy just goes upstate to the chicken farm and buys 100 chickens for that gold silver coin.

How can he do this? Because there are many people who own chickens - each producing vastly more eggs and meat than they can possibly use themselves.

Of the thousand people who want to buy a chicken, 800 have Bernanke Clownbux, 100 have various retarded barter ideas and 100 have silver money. Which ones do you think are going to be the chicken farmer's favorite customers?

Don't forget: those people who own chickens have their own bills to pay - and their suppliers don't want to be paid in chickens. The paper money is losing 10% a day and fills a wheelbarrow. But silver and gold? They'll do nicely.

27 posted on 07/19/2011 5:18:36 AM PDT by agere_contra ("Debt is the foundation of destruction" : Sarah Palin.)
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To: Truth29
Oh there will be lots of categories....Here is another....Aggressive Australian homosexual motorcyclists


28 posted on 07/19/2011 5:19:13 AM PDT by xp38
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To: lbryce

Surfing the TV channels yesterday, I came across Kramer-recommending Gold-physical Gold. If that’s not a sign you’re late to the party, I don’t know what is.


29 posted on 07/19/2011 5:35:34 AM PDT by orlop9
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To: orlop9

>> I came across Kramer-recommending Gold-physical Gold.

ROFL! Time to sell your gold...


30 posted on 07/19/2011 5:44:09 AM PDT by Nervous Tick (Trust in God, but row away from the rocks!)
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To: Nervous Tick

You forgot weaponry and ammo.


31 posted on 07/19/2011 5:50:17 AM PDT by Scotsman will be Free (11C - Indirect fire, infantry - High angle hell - We will bring you, FIRE)
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To: Venturer
this is what they've always wanted
32 posted on 07/19/2011 5:56:35 AM PDT by Dick Vomer (democrats are like flies, whatever they don't eat, they sh#t on.)
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To: Nervous Tick

I think ammo would be used like small denomination bills, e.g., five .22LR for a loaf of bread.

I can see a lot of barter taking place.


33 posted on 07/19/2011 7:34:37 AM PDT by darth
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To: lbryce
The DJIA is up about 140 this morning.

Buyers are snatching up bargains.

34 posted on 07/19/2011 7:37:54 AM PDT by Glenn (iamtheresistance.org)
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