Eveillard - We Are Looking At Catastrophe Going Forward

“I’ve been in the business half a century, and I can say yes, we are looking at catastrophe going forward.  As long as those people are around, and they are not just in the US, they are everywhere because they are all Neo-Keyneysians, but as long as those people are around, the money will be printed.  It was true even during the first few years of the Weimar Republic, before inflation became hyperinflation.

It’s not just in the developed world.  Look at China and India.  Even though the long-term prospects are strong, they might be nearing a big bump in the road.  So, current circumstances worldwide are not appealing...."

athttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/4/19_Eveillard_-_We_Are_Looking_At_Catastrophe_Going_Forward.html

Nigel Farage: There Are Going to Be Serious Banking Collapses

“Therefore, what is likely, is that at some point, the markets will just overwhelm and engulf the whole thing and short-term, that will lead to chaos. The whole central banking, International Monetary Fund banking system, I mean it just begins to look more and more like the biggest Ponzi scheme we’ve ever seen on earth.

There are going to be some serious banking collapses and the impact of that on some sovereign states, will be serious. I’m afraid we’ve gotten to a point where we really can’t stop this now. We’re beginning to reach a stage where however much false money you create, the problem becomes bigger than the people trying to solve it. We are very close to that point.

When I talk about the threats and the risk that this thing could wind up in some kind of rebellion, some sort of awful social cataclysm, they (other European politicians) are now very worried indeed. They will talk to you in private, but in public, nobody dares utter a word.

I think the deterioration, in the last two or three weeks, in the eurozone is very serious indeed. It’s the bond spreads in Italy and Spain. It’s the fact that youth unemployment is now over 50% in some of these Mediterranean countries. 

It’s riot and disorder on the streets. And yet a month ago I was here and there was Herman Van Rumpuy telling us, ‘We’ve turned the corner. Everything is solved. There are no more problems with the eurozone.’ What a pack of jokers they look like.”

Farage also had this to say about the Italian movement of gold: “It was interesting to see massive bullion movements last month, out of Italian banks and into Swiss banks. So, people who have purchased gold for protection and have kept the gold in Italian bank vaults, now their trust in Italian banks is so bad they have physically moved the bullion to Switzerland. I’m still a believer, buy gold on dips.”

at http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/4/18_Nigel_Farage__There_Are_Going_to_Be_Serious_Banking_Collapses.html

Joe Stiglitz's Presentation On Why The Entire Global Economic System Is Doomed To Fail

"At the Institute for New Economic Thinking conference in Berlin, economist Joe Stiglitz delivered a presentation titled Is Mercantilism Doomed to Fail? China, Germany, and Japan and the Exhaustion of Debtor Countries.

The basic idea is: A few powerhouses like China, Germany, and Japan, plus some commodity based economies, have thrived in a system where they do all the exporting, and a few countries like the US run massive trade deficits.
But that system is coming to an end, as countries realize that their trade deficits are unsustainable, and seek to become trade surplus countries at the same time. Of course, not everyone can run surpluses, so this becomes a game of hot potato, with everyone pushing the deficit to someone else, via currency devaluation and other aggressive trade moves.
In this presentation, Stiglitz explains why the system is heading towards collapse.
Stiglitz hints a globalist solution, with a non-dollar reserve currency, and more coordination of monetary policy to avoid currency wars and competitive devaluations."

at http://www.businessinsider.com/joe-stiglitz-on-mercantilism-2012-4?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+clusterstock+%28ClusterStock%29#ixzz1s8Os7Kph

Global Systemic Economic Crisis: Stagnation in Europe, US Relapse into Recession. Crash of Markets and Financial Institutions: The five devastating storms in summer 2012 at the heart of the world geopolitical swing

"...Therefore, in LEAP/E2020’s view, five devastating storms will mark the summer of 2012 and thus accelerate the process of world geopolitical swing:

. US relapse into recession against the background of European stagnation and BRICS slowdown
. dead end for the central banks and interest rate increases
. storm on the foreign exchange and Western sovereign debt markets
. Iran, the war « too far »
. new crash in the markets and financial institutions...."

at  http://www.globalresearch.ca/index.php?context=va&aid=29824