Southern Calif Oct 2011 Layoffs Anger Depression

Prophets Of Doom: 12 Shocking Quotes From Insiders About The Horrific Economic Crisis That Is Almost Here.

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Michael Snyder
BlacklistedNews.com

We are getting so close to a financial collapse in Europe that you can almost hear the debt bubbles popping. All across the western world, governments and major banks are rapidly becoming insolvent. So far, the powers that be are keeping all of the balls in the air by throwing around lots of bailout money. But now the political will for more bailouts is drying up and the number of troubled entities seems to grow by the day. Right now the western world is facing a debt crisis that is absolutely unprecedented in world history. Europe has had a tremendously difficult time just trying to keep Greece afloat, and several much larger European countries are now on the verge of a major financial crisis. In addition, there is a growing number of very large financial institutions all over the western world that are also rapidly approaching a day of reckoning. The global financial system is a sea or red ink, and when we get to the point where there are hundreds of ships going under how is it going to be possible to bail all of them out? The quotes that you are about to read show that quite a few top financial and political insiders know that things cannot hold together much longer and that a horrific economic crisis is coming. We built the global financial system on a foundation of debt, leverage and risk and now this house of cards that we have created is about to come tumbling down.

A lot of people in politics and in the financial world know what is about to happen. Once in a while they will even be quite candid about it with the media.

As I have written about previously, Europe is on the verge of a financial collapse. If things go really badly, things could totally fall apart in a few weeks. But more likely it will be a few more months until the juggling act ends.

Right now, the banking system in Europe is coming apart at the seams. Because the global financial system is so interconnected today, when major European banks start to fail it is going to have a cascading effect across the United States and Asia as well.

The financial crisis of 2008 plunged us into the deepest recession since the Great Depression.

The next financial crisis could potentially hit the world even harder.

The following are 12 shocking quotes from insiders that are warning about the horrific economic crisis that is almost here....

Link to source: http://www.blacklistednews.com/Prophets_Of_Doom%3A_12_Shocking_Quotes_From_In...

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[TheMessengernow]

Especially in the I.e.

[TheMessengernow]

U noticed that too.they r driving like maniacs.i drive the 10 frequently n people r like really pissed off.i cant imagine when it really hits the fan.

[USZombeeKing]

Doctors and Lawyers are the next domino to fall in this collapse. No one will be spared. We are heading towards the complete cessation of economic activity for at least a brief period, sometime in the coming future. Its a Domino Effect and we are in a chain reaction where one small collapse is leading to many other similar small and big collapses in the economy, which then propagates further in a similar fashion. And it will only accelerate and grow bigger as we move along the timeline.

[99jonny100]

WTF this lame blowhard is still at it--still hooked up with scamster Jonathan Lebed?

[DynamicMotionsHD]

@Bugs11000 theory of evolution only strongest will survive- retarded explanation. It's 2011 people still do not still understand or grasp what evolution is.

[theroilsoil]

Just think, all those food junkies out there . . . many of them are doctors, mechanics, policemen, firemen, teachers, etc . . . and their performance sucks big time, and the manic behaviour will get much, much, much worse.

[theroilsoil]

@BigBillie01

Cheers . . . . we need more people speaking openly.

[BigBillie01]

Might be an Ordinary Guy but he has one great asset - He's very HUMAN and I wish we could reach others and bring them together the problem and we know their massive could be shared.

Thanks for Video - Grass Roots information and completely relevant.

[wwwTotalCollapseCom]

Total Collapse....

[Bugs11000]

Wonder who was right, Jesus beleiving in hummanity, but at the end gotta be spitted on, and thrown shit , rocks and got whipped. Ha yeah!! Sure, hes gonna come back, guess hes some kind of massochist. Or Charles Darwinn, with his theory of evolution, that only the strongest will survive. I think that Charles Darwinn was right, that only the strongest will survive this coming economic depression.