Experts — Unthinkable Poised to Happen on Wall Street

[Eric J (Viking)]

New Disturbing Evidence Proves Unthinkable Could Hit Wall Street

By Aaron DeHoog, Financial Publisher

Our economy is in complete disarray. But it's been that way since the recession began.

Unfortunately, the worst may be about to hit us. And I can feel the panic beginning to sweep through our economy.

Volatility in gold, the dollar, and stocks has wrecked portfolios. Historical investment methods have been rendered useless.

And this week has brought additional instability that has left average Americans uncertain of what's to come.

But the experts are starting to come to a consensus. And it's not good.

Famed economist Robert Shiller now warns that the stock market is "still high by historic standards," and that we haven't seen the dramatic correction yet that occurred during the Great Depression.

Dallas Fed President Richard Fisher says that Bernanke's Operation Twist will be "working against job creation."

Sir Mervyn King, governor of the Bank of England, said "This is the most serious financial crisis we've seen, at least since the 1930s, if not ever."

And probably the most shocking prediction comes from New York Times best-selling author and internationally respected economist Robert Wiedemer.

Recently he sat down for an interview with us to explain how America could fall into a situation with 50% unemployment, a 90% stock market plummet, and a second housing collapse.

Over 12 million people have viewed this powerful broadcast. People like Russell H. from Wichita, who stated that it "scared the hell out of me. It was a great wake-up call” and Richard B. from Apison, who stated, "It gave me the courage to make a move which, had I not made, would have left me behind the "eight ball.”

And countless others have written in to express their thoughts on this eye-opening internet event.

You can view an instant, private airing of the Aftershock Survival Summit by clicking here.
http://w3.newsmax.com/a/aftershockb/video.cfm?s=al&promo_code=D609-1

In it, Wiedemer lists a specific, step-by-step survival guide you need to take right now to protect your home, investments, insurance, and even your job.

http://w3.newsmax.com/a/aftershockb/video.cfm?s=al&promo_code=D609-1

~~~~~~~~

viking

[Cidersomerset]

Thanks Viking Its not that no one forsaw this I've known for at least 10 years this was going to happen, ....its to do with economic cycles that always happen...
The question is why they let it happen ? The economies of the west have been declining since the moving of most industrial output to the third world...
It was to do with workers in the west standard of living rising in the 60/70's.....Corporates were not making enough proffit and there was a cheap pool of labour
they were desperate to exploit.

The west agreed/coerced they were going to let the corporates take most of the factories out of their economies and replace them with 'high tech' banking and servive industries.
This is obviously untenable in the long term, and we have reached that point. The housing market was let to grow out of all proportion and out of the reach of 1st time buyers so
the chain would slow down in the markets, unless house prices drop,which means a lot of people who bought in the last 10/15 yrs will lose out.

Service industries government jobs also only have a relitively short term life depending on how much money is in the economy...Thats why governments have
been borrowing and taxing...Also the none regulations of banks who were allowed to lend people cash/credit/mortgadges knowing they were bad risks..

High tech is fine but only employs relatively few people, Armaments factories need wars, Pharma needs illness and disease, agriculture is being 'monsantode'
Retail can only last as long as there is a supply of cheap goods from developing nations I have seen this comming for years and so have polititions
so there must be a alternate agenda imho ...I've been a postman for 4 years , in a previous incarnation I was a transport despatch manager and
saw the high Streets being undermind by out of town shopping centres, which are fine, but also the reason a lot of town centres are shadows of there former selves.

The idea from the corporate point of view is a global market so they care little for each individual country they have economically taken over, as long as they are in
proffit. A worker in Britain, US ,malaysia , china, wherever are not human beings just assets that are expendable, thats capitilism and market conditions.
This is fine but as the theory is the rich create the wealth and the trickle down effect keeps the economy going...But this has been false for the last 20yrs or
more, as all that has been happening is the the borrowing of 'false money' ......that has to collapse as there is not enough money on the planet to pay back
the digital cash and interest supposed to be owed to WHO ? When most of the money does not exist in reality !!!!

We all know this and as David Icke says we can all bury our head in the sand, but our backside will still be exposed ,,Cheers Steve

[Bill Ryan]

-------

The first edition of Wiedemer's book AFTERSHOCK contained a final chapter that was considered so disturbing that it was removed by the publisher.

Here it is:

http://projectavalon.net/Aftershock_unpublished_chapter.pdf (http://projectavalon.net/Aftershock_unpublished_chapter.pdf)

Also do read:

http://projectavalon.net/forum4/showthread.php?32068-Protocols-For-Economic-Collapse-In-America-Al-Martin

(referencing this document: http://projectavalon.net/Protocols_For_Economic_Collapse_In_America.pdf )

[Cidersomerset]

Yes we were taught in school in the seventies this would happen that technology would mean we would all work a lot less and wealth would be
redistributed, there were TV programmes like Tommorrows world and documentries all forseeing the problems we would face....

So the the agenda was hijacked by the TPTB who did not want fair and equal societies to grow up around the world, but needed us to stay economic slaves..

[jcocks]

Yep, and the same was being taught to us in school as well in the 80's...

I also remember talk of Japan looking at building giant underground cities because there was not enough land in some of the books I read about "the future"...

They sure knew how to talk these things up!

[Lost Soul]

Thanks everyone and especially to you Bill. I read the first edition of Aftershock and between that and Peter Schiff's CrashProof 2.0, have my finances in order. It is my spiritual house that is more important and that's why I love this forum.

[Eric J (Viking)]

Yes we were taught in school in the seventies this would happen that technology would mean we would all work a lot less and wealth would be
redistributed, there were TV programmes like Tommorrows world and documentries all forseeing the problems we would face....

So the the agenda was hijacked by the TPTB who did not want fair and equal societies to grow up around the world, but needed us to stay economic slaves..

Yep spot on here my friend...spot on.

viking

[KosmicKat]

For anyone who swallowed the less work, more wealth story, and is looking for some relatively light sci-fi reading, I recommend Mark Adlard's "Volteface" trilogy, which, for me, reading it in the '80's, presented a much more realistic outlook.

[East Sun]

In reference to the first video----the only one I watched.....

....whatever else this info is it is also an advertizement for his book. Sounds like two bad actors reading a script.

[Eric J (Viking)]

Time to press the re-set button ...

quote...
On Monday, I said at the end of my post, “I think someday we will “grow” our way out of the economic mess we are in but not before a very big fall.” I didn’t think the fall would come the very next day–but it did. Two monster nukes exploded on the financial landscape. They are the surprise MF Global bankruptcy and the equally surprising Greek referendum on the second bailout package. Kaboom and kaboom!!! I see not one, but two giant mushroom clouds on the horizon, and destruction is headed our way. Anyone underselling these two bombs is on some pretty heavy Prozac. This is a turning point, and the turn is decidedly bad. It’s a global financial crash.

Two weeks ago, I wrote, “When European banks start failing, there is no way U.S. banks will be able to avoid being sucked into a vortex of default. For anyone who thinks this crisis can be resolved with a pain free plan—forget it. Welcome to the age of bank failures.” (Click here for the complete post.) I didn’t think MF Global, headquartered in New York City, would beat everyone to the punch.

MF Global is bankrupt for dealing in European sovereign debt. CEO Jon Corzine was trying to make a quick buck with what are reported as “risky trades” and got a bankruptcy pie in the face. There are allegations of missing money and possible criminal activity. Considering this is coming from a former Primary Dealer in U.S. Treasuries, the Federal Reserve looks like it was asleep at the wheel of regulation once again. Don’t forget the SEC and CFTC! Where were the regulators? There is no telling the amount of leverage and counterparty risk MF Global has, but we’ll be finding that out in the days and weeks to come.

And get this, for blowing up MF Global (a 200 year old company), Mr. Corzine might get a severance package of $12.1million!! Let’s hope bankruptcy limits his pay to zero. Heck, he should be paying money back to the company and its shareholders! You wonder why the Occupy Wall Street people are protesting greed and corruption? Even if MF Global does not turn into a Lehman Brothers event, it surely is one giant dead canary in the world’s financial coal mine. (Click here to read more on MF Global.)

The second big blowup happened yesterday when Greek Prime Minister George Papandreou called for a nationwide vote on the most recent sovereign debt bailout deal. Everyone expects this to completely kill the deal because the Greeks have figured out they don’t want to be banker debt slaves for the next generation or two. Who can blame them? If little Greece can cause a worldwide crisis, what will happen when Spain and Italy ask for the same deal–a 50% cut in their combined $3.4 trillion in sour sovereign debt? How much leverage and counterparty risk is there if they, too, decide to default and go back to their old currencies? That has to be in the many trillions of dollars, and the EU bailout fund (European Financial Stability Facility or EFSF) has reportedly about $350 billion left in it. The EU wants to raise the total to $1.4 trillion, but so far, the fund is falling short. Even if it meets its goal, that’s not enough to stop the dominoes of failing debt on a global scale.

Carl Weinberg, chief economist at High Frequency Economics, explained the EFSF this way in a research note on Monday. Weinberg said what the EU was proposing was a “crazy scheme” and explained his position by saying, “To listen to what they say, EU leaders – at an all-night summit last Wednesday ‘increased’ the size of their bailout fund to 1 trillion euros without putting a dime of real money on the table . . . . Now they (EU Leaders) are keen to tap into resources that are not their own to fund this crazy scheme of guarantees, leveraged off guarantees to sell bonds and bank shares that no one may want to buy, (in order) to restore value in the banking system destroyed by other bonds that no one wants to own right now. This is a construct of Madoffian proportions,” (Click here for more on this from CNBC.)

“Madoffian proportions” indeed, and we all know how that ended. I can come to no other conclusion than we are headed for a global financial crash. It is just a matter of when, and these two financial explosions have pushed the time table into fast forward.

CLICK HERE FOR THE REPORT AT USA WATCHDOG.

Nov. 2, 2011

http://reviewmessenger.com/?option=com_content&view=article&id=12734:two-financial-nukes-explode&catid=19:guest-opinion&fontstyle=f-larger

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viking

[Cidersomerset]

All these rearranging of the deck chairs on the Titanic is amusing when you know what they are hiding, all these figures of who owes what to who

all the time interest is going up on the debt ....The vultures are just waiting to see what assets they can aquire in the Euro fire sale....

Something I find amusing is that no one seems to know what a Trillion $/£ is....

Is it the US 1,000 million dollars/pounds = 1 Trillion or.....

Is it the UK 1,000,000 million dollars/pounds = 1 Trillion Theres a big difference...LOL ..Steve

[Carmody]

Dallas Fed President Richard Fisher says that Bernanke's Operation Twist will be "working against job creation."

And that is because it is completely self centered.

Which means they are in direct violation of their originally stated charter.

For if jobs were created now, then this would lessen the impact of the coming dollar collapse as more working people will be in the system at the reboot. The fewer working people (this means all people outside of wall street, obviously) in the real economy, the quicker the reboot. Like being the number of acorns planted, this eventually becomes the forest. thus, that tiny number or acorns or extra jobs can have a huge impact on speed and size of the economic recovery. This is due to the understanding that any dollar collapse does not mean the cessation of all existing jobs..but the lack of creation of new ones.

The new ones will come from the continuance, the seeding...that is provided by the jobs now existing and those of that group of jobs that will continue through the collapse proper. Which is why every job created before a dollar collapse is worth 10 regular jobs.

Thusly, a FED contraction for selfish purposes with selfish negative inhuman and zero empathy capitalistic single minded self-centeredness... is the most horrific 'answer' for the USA proper, that could ever be imaged to take place.


After this one thing is clear: If someone in the USA calls themselves a stock trader, they might find themselves being physically attacked.

Like Nazis and fascists, they'll probably have to try and cover up or hide their past. The same goes for bankers. And the politicians.

This reset is going to be painful. However, unlike past situations, a far larger percentage of the affected populace know the source of their pain.

[eric charles]

The economy is not crashing , what the hell you guys talking about !!

[percival tyro]

As of January 2011 foreigners owned 4.45 trillion dollars of US debt which is 47% of the debt held by the American public and 32% of the total debt of 14.1 trillion. The share held by foreign governments has grown from 13% in 1988 to 25% in 2007....In 2000 China held 6% of all foreign held US treasury securities. It now holds 36% which is 16% of total US public debt. (Figures Wikipedia) ....Gold markets are volatile because investors fear that there has been more bullion sold than may exist. Where is the gold !! I believe that independent audits have been refused.

[percival tyro]

Sure the best asset is infrastructure. Like the Rothschilds acquisition of the complete railway system of the Holy Land. In lieu of loans following the bankruptcy of the Ottoman Empire. Now it's just a simple train ride to Zion. I wonder what the plans are for Greece.