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A Whole Bunch Of Impending Disasters That Are Staring Markets In The Face
TBI ^ | 6-11-2012 | Joe Weisenthal

Posted on 06/11/2012 7:10:14 PM PDT by blam

A Whole Bunch Of Impending Disasters That Are Staring Markets In The Face

Joe Weisenthal
June 11-2012

This is how it works. When markets are up, people find positive stories to talk about.

When markets are down, people focus on the negative.

The point is: Markets lead the narrative, not the other way around.

Hence, people are talking about some gloomy things.

SocGen FX strategist Sébastien Galy lists several things to worry about in a note tonight.

They include:

* The ESM (European bailout fund) doesn't work. It makes sovereign bondholders less senior, and therefore is toxic.

* Greece is about to have a potential "cliff-jumping" event, in the form of its election coming up on Sunday. There are leaks coming out from the EU about imposing capital controls in Europe post Grexit. Not helpful.

* A major downgrade of the US financial system could come any day now. Banks are getting pummeled.

* There are some worries about Switzerland holding the line on the EURCHF floor.

Note that these are all acute things. Other worries like the US fiscal cliff and the Chinese hard landing are bigger issues. Also unmentioned is any spillover into Italy, which has mostly enjoyed calm the last few weeks.

Says SocGen's Galy: "It all feels very early 1980s when police would stop folks carrying suitcases of cash into Switzerland."

(Excerpt) Read more at ...

TOPICS: News/Current Events
KEYWORDS: economy; europe; finance; markets

1 posted on 06/11/2012 7:10:21 PM PDT by blam
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To: blam

So where’s the bad news?

2 posted on 06/11/2012 7:19:43 PM PDT by Signalman ( November, 2012-The End of an Error)
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To: blam

“We are Preparing for Massive Civil War,” Says DHS Informant

Read more:
In a riveting interview on TruNews Radio, Wednesday, private investigator

Doug Hagmann said high-level, reliable sources told him the U.S. Department of Homeland Security (DHS) is preparing for “massive civil war” in America.

“Folks, we’re getting ready for one massive economic collapse,” Hagmann told TruNewshost Rick Wiles.

GET THE TRUTH! - Bookmark my Website:

“We have problems . . . The federal government is preparing for civil uprising,” he added, “so every time you hear about troop movements, every time you hear about movements of military equipment, the militarization of the police, the buying of the ammunition, all of this is . . . they (DHS) are preparing for a massive uprising.”

Hagmann goes on to say that his sources tell him the concerns of the DHS stem from a collapse of the U.S. dollar and the hyperinflation a collapse in the value of the world’s primary reserve currency implies to a nation of 311 million Americans, who, for the significant portion of the population, is armed.

Uprisings in Greece is, indeed, a problem, but an uprising of armed Americans becomes a matter of serious national security, a point addressed in a recent report by the Pentagon and highlighted as a vulnerability and threat to the U.S. during war-game exercises at the Department of Defense last year, according to one of the DoD’s war-game participants, Jim Rickards, author of Currency Wars: The Making of the Next Global Crisis.

Through his sources, Hagmann confirmed Rickards’ ongoing thesis of a fear of a U.S. dollar collapse at the hands of the Chinese (U.S. treasury bond holders of approximately $1 trillion) and, possibly, the Russians (threatening to launch a gold-backed ruble as an attractive alternative to the U.S. dollar) in retaliation for aggressive U.S. foreign policy initiatives against China’s and Russia’s strategic allies Iran and Syria.

“The one source that we have I’ve known since 1979,” Hagmann continued. “He started out as a patrol officer and currently he is now working for a federal agency under the umbrella of the Department of Homeland Security; he’s in a position to know what policies are being initiated, what policies are being planned at this point, and he’s telling us right now—look, what you’re seeing is just the tip of the iceberg. We are preparing, we, meaning the government, we are preparing for a massive civil war in this country.”

“There’s no hyperbole here,” he added, echoing Trends Research Institute’s Founder Gerald Celente’s forecast of last year. Celente expects a collapse of the U.S. dollar and riots in America some time this year.

Since Celente’s ‘Civil War’ prediction of last year, executive orders NDAA and National Defense Resources Preparedness were signed into law by President Obama, which are both politically damaging actions taken by a sitting president.

And most recently, requests made by the DHS for the procurement of 450 million rounds of hollow-point ammunition only fuels speculation of an upcoming tragic event expected on American soil.

These major events, as shocking to the American people as they are, have taken place during an election year.

Escalating preparatory activities by the executive branch and DHS throughout the last decade—from the Patriot Act, to countless executive orders drafted to suspend (or strip) American civil liberties “are just the beginning” of the nightmare to come, Hagmann said.

He added, “It’s going to get so much worse toward the election, and I’m not even sure we’re going to have an election in this country. It’s going to be that bad, and this, as well, is coming from my sources. But one source in particular said, ‘look, you don’t understand how bad it is.’ This stuff is real; these people, the Department of Homeland Security (DHS), they are ready to fight the American people.”

TruNews‘ Wiles asked Hagmann: who does the DHS expect to fight, in particular? Another North versus South, the Yankees against the Confederates? Hagmann stated the situation is far worse than a struggle between any two factions within the U.S.; it’s an anticipated nationwide emergency event centered on the nation’s currency.

“What they [DHS] are expecting, and again, this is according to my sources, what they’re expecting is the un-sustainability of the American dollar,” Hagmann said. “And we know for a fact that we can no longer service our debt. There’s going to be a period of hyperinflation . . . the dollar will be worthless . . . The economic collapse will be so severe, people won’t be ready for this.”

3 posted on 06/11/2012 7:23:30 PM PDT by ebysan (ebysan)
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To: blam


4 posted on 06/11/2012 7:33:34 PM PDT by unkus (Silence Is Consent)
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To: ebysan

So why is Doug Hagmann not welcome on FR?

5 posted on 06/11/2012 7:35:18 PM PDT by Jack Hydrazine (It's the end of the world as we know it and I feel fine!)
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To: blam
Here's a Wild card:

Supreme Court strikes down O-care at the end of the month.

6 posted on 06/11/2012 7:44:53 PM PDT by what's up
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To: ebysan

Rick Wiles and Trunews are very balanced but, do focus on the end times a bit.

7 posted on 06/11/2012 7:50:51 PM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: what's up

Here’s a Wild card:

Supreme Court strikes down O-care at the end of the month.


8 posted on 06/11/2012 7:58:01 PM PDT by unkus (Silence Is Consent)
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To: blam

As gaggle of black swans have been circling for some time now. The 3 year recovery of the stock markets have been nothing more than irrational exuberance .

9 posted on 06/11/2012 8:26:30 PM PDT by IBIAFR
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To: blam

Don’t worry Obama, U.S. Treasury Secretary Timothy Geithner’s Quantitative Stimulus version 3.0 come August will keep the economic balloons in the air up to at least voting day, November 2012.

This will pump up the stock market as such government stimuli have done temporarily in the past so all of us can jump back into the market for the next three months. Be sure to set your stop loss orders to get out in time.

10 posted on 06/11/2012 8:31:09 PM PDT by RicocheT (Eat the rich only if you're certain it's your last meal)
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To: mylife

As well they should. Too many things happening that we have been forewarned of.

Isaiah 3:4 “And I will give children to be their princes, and babes shall rule over them.”

True enough. We are the last generation.

11 posted on 06/11/2012 8:32:22 PM PDT by Mortrey (Impeach President Soros)
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To: Mortrey

If you are unfamiliar with trunews you can check them out here.

12 posted on 06/11/2012 8:40:24 PM PDT by mylife (The Roar Of The Masses Could Be Farts)
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To: blam
Can you please stop posting this hysterical stuff.

All we have to do is keep printing more money, then take that money and use it to bail out corporations and nation states. We can even use it to buy our own treasuries. See how easy this is?

Quit being so negative!

13 posted on 06/11/2012 9:46:15 PM PDT by AAABEST (Et lux in tenebris lucet: et tenebrae eam non comprehenderunt)
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To: ebysan

When I see what Iran buys in gold I start to think wow, maybe. If China and Russia collapse the dollar it would be bad for many of their citizens but they have both shown what they can do to the poor without issue. They would also warn allies in advance. The “sacrifice” would well be worth it to defeat the west. Save the military and trim some dead weight. I say the west because the Euro would crash for sure.

14 posted on 06/12/2012 12:25:33 AM PDT by enduserindy (Conservative Dead Head)
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To: enduserindy

Someone explain how crashing the currencies of your largest customers would be a sacrifice that is worth it to China?

Russia’s major export is gas. Their major customer is Europe. What do they gain? How many USD assets do each of them hold? What is left afterward? How do you force the two largest economies in the world to trade in Yuan or Rubles? There isn’t enough gold in the world to replace these currencies and China and Russia also use electronic currencies.

How do they control IMF, World Bank or the balance of payments of the globe?

The standard answer is “power”. How do they gain any power? Are China and Russia up to invading, subduing and holding Europe and the USA? Do the EU and US elites simply roll over and let go of all their hard assets and real control just to implement some ideology that is already in place in the EU and gaining momentum in the US? Is there zero military response available to the targets?

What would it cost to consolidate a military victory on two huge land masses? What are the logistics of such an occupation?

One crash to rule them all? Pyrrhic.

15 posted on 06/12/2012 5:28:48 AM PDT by reformedliberal
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