It's Over

Market-Ticker.org ^ | 2011-09-09 13:05 | Karl Denninger

[thatjoeguy]

On a global scale does anyone else see the sign of the release of the Third Horseman of the Apocalypse (3rd seal)?

Just something I’ve been mulling over lately.

[OB1kNOb]

On a global scale does anyone else see the sign of the release of the Third Horseman of the Apocalypse (3rd seal)?

Food and necessity scarcities do appear to becoming more prevalent on a global scale over the past couple of years, IMO. Of course that scarcity also impacts prices for such necessities through higher inflation. High inflation in food prices have lead to increases in open protests and rebellion, as evidenced by recents events in Egypt, other ME countries, China, etc.

The weather patterns seem to also be affecting food production levels leading to shortages. Certainly some countries which have historically been net exporters of certain basic foodstuffs have now become net importers, further exacerbating the shortage of such food and grain to other parts of the world, not to mention the idiotic policies of some nations to redirect a significant portion of critical grains away from bolstering food supplies in favor of insane alternative fuel production uses.

Yes, I'd say I see increased signs of 3rd seal/horseman impacts on food, necessities, and the corresponding high inflation that comes with said scarcity and shortages.

[GOPJ]

•German banks (and presumably French banks and all the other big banks too) are insolvent as they are carrying these bonds at well above their actual value in the marketplace. If the bonds were carried at the claimed "loss" values, which is quoted as 50%, then there would be no need to recapitalize them would there? This is an official statement of proof that the banks are lying about asset values and are in fact insolvent.

Something about this feels like it's going to reach out and touch us...

[DuncanWaring]

...so it won't be long before the new strongmen (or, horrors, strongwomen!) will have the trains running on time again.

The real problem is "Where will the trains be running to?".

[blam]

From Denninger in March 2009:

What's Dead (Short Answer: All Of It)

(I became a serious prepper after reading this article)

[thatjoeguy]

Thanks, actually I see the third seal more as a financial collapse then a food issue. The interpretations I’ve read regarding this were that through inflation, loss of wages, etc. the average worker has it so bad that it costs a day’s worth of wages for a day’s worth of food.

“A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.”

The last part regarding the oil and wine represents the rich as they will not be affected by the financial collapse.

Seems to fit now more then ever to me. Of course I’ve only got my own past history to base that off of.