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12 Things That Just Happened That Show The Next Wave Of Economic Collapse Is Almost Here

 
Saddletramp
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03/04/2013 11:05 AM

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12 Things That Just Happened That Show The Next Wave Of Economic Collapse Is Almost Here
I Urge Everyone To Read This Article...


The following are 12 things that just happened that show the next wave of the economic collapse is almost here...

#1 According to TrimTab's CEO Charles Biderman, corporate insider purchases of stock have hit an all-time low, and the ratio of corporate insider selling to corporate insider buying has now reached an astounding 50 to 1....

While retail is being told to buy-buy-buy, Biderman exclaims that "insiders at U.S. companies have bought the least amount of shares in any one month," and that the ratio of insider selling to buying is now 50-to-1 - a monthly record.

#2 On Friday we learned that personal income in the United States experienced its largest one month decline in 20 years...

Personal income decreased by $505.5 billion in January, or 3.6%, compared to December (on a seasonally adjusted and annualized basis). That's the most dramatic decline since January 1993, according to the Commerce Department.

#3 In a stunning move, Michigan Governor Rick Snyder says that he will appoint an emergency financial manager to take care of Detroit's financial affairs...

Snyder, 54, took a step he avoided a year ago, empowering an emergency financial manager who can sweep aside union contracts, sell municipal assets, restructure services and reorder finances. He announced the move yesterday at a public meeting in Detroit.

If this does not work, Detroit will almost certainly have to declare bankruptcy. If that happens, it will be the largest municipal bankruptcy in U.S. history.

#4 On Friday it was announced that the unemployment rate in Italy had risen to 11.7 percent. That was a huge jump from 11.3 percent the previous month, and Italy now has the highest unemployment rate that it has experienced in 21 years.

#5 The youth unemployment rate in Italy has risen to a new all-time record high of 38.7 percent.

#6 On Friday it was announced that the unemployment rate in the eurozone as a whole had just hit a brand new record high of 11.9 percent.

#7 On Friday it was announced that the unemployment rate in Greece has now reached 27 percent, and it is being projected that it will reach 30 percent by the end of the year.

#8 The youth unemployment rate in Greece is now an almost unbelievable 59.4 percent.

#9 On Saturday, hundreds of thousands of protesters filled the streets of Lisbon and other Portuguese cities to protest the austerity measures that are being imposed upon them. It was reportedly the largest protest in the history of Portugal.

#10 According to Goldman Sachs, bank deposits declined all over Europe during the month of January.

#11 Over the weekend, the deputy governor of China's central bank declared that China is prepared for a "currency war"...

A top Chinese banker said Beijing is "fully prepared" for a currency war as he urged the world to abide by a consensus reached by the G20 to avert confrontation, state media reported on Saturday.

Yi Gang, deputy governor of China's central bank, issued the call after G20 finance ministers last month moved to calm fears of a looming war on the currency markets at a meeting in Moscow.

Those fears have largely been fuelled by the recent steep decline in the Japanese yen, which critics have accused Tokyo of manipulating to give its manufacturers a competitive edge in key export markets over Asian rivals.

#12 Italy is an economic basket case at this point, and the political gridlock in Italy is certainly not helping matters. Former comedian Beppe Grillo's party could potentially tip the balance of power one way or the other in Italy, and over the weekend he made some comments that are really shaking things up over in Europe. For one thing, he is suggesting that Italy should hold a referendum on the euro...

"I am a strong advocate of Europe. I am in favor of an online referendum on the euro," Beppe Grillo told Bild am Sonntag.

Such a vote would not be legally binding in Italy, where referendums can only be used to repeal laws or parts of laws, but would carry political weight. Grillo has said in the past that membership of the euro should be up to the Italian people.

In addition, Grillo is also suggesting that Italy's debt has gotten so large that renegotiation is the only option...

In an interview with a German magazine published on Saturday, Mr Grillo said that “if conditions do not change” Italy “will want” to leave the euro and return to its former national currency.

The 64-year-old comic-turned-political activist also said Italy needs to renegotiate its €2 trillion debt.

At 127 per cent of gross domestic product (GDP), it is the highest in the euro zone after Greece.

“Right now we are being crushed, not by the euro, but by our debt. When the interest payments reach €100 billion a year, we’re dead. There’s no alternative,” he told Focus, a weekly news magazine.

He said Italy was in such dire economic straits that “in six months, we will no longer be able to pay pensions and the wages of public employees.”


[link to www.zerohedge.com]
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Saddletramp (OP)
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03/04/2013 11:10 AM

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Re: 12 Things That Just Happened That Show The Next Wave Of Economic Collapse Is Almost Here
There is a stunning confluence of economic events happening RIGHT NOW...

And several of these economic events, like the "Fiscal Cliff", have been intentionally steered to this time frame...

Watch out guys, it's looking like it's close...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Anonymous Coward
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03/04/2013 11:14 AM
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Re: 12 Things That Just Happened That Show The Next Wave Of Economic Collapse Is Almost Here
I've been telling you, they're taking cues from all your avatar pics! Try the glp effect, next pic you take make a peace sign or hand out money!
Saddletramp (OP)
We Don't Rent Pigs...

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03/04/2013 11:15 AM

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Re: 12 Things That Just Happened That Show The Next Wave Of Economic Collapse Is Almost Here
I've been telling you, they're taking cues from all your avatar pics! Try the glp effect, next pic you take make a peace sign or hand out money!
 Quoting: Anonymous Coward 898228


cruise

That's a good one...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Waterbug

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03/04/2013 11:25 AM

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Re: 12 Things That Just Happened That Show The Next Wave Of Economic Collapse Is Almost Here
Food, water and shelter.

Fantasy paper... not so much.
Fire WatchModerator
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03/04/2013 11:28 AM

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Re: 12 Things That Just Happened That Show The Next Wave Of Economic Collapse Is Almost Here
Good thread.

Get/stay out of debt and hunker down is my best advice. This depression will get MUCH worse before it gets better.
When the people fear the government, there is tyranny. When the government fears the people, there is liberty. Thomas Jefferson
-------------------------------------
The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.
Thomas Jefferson
Saddletramp (OP)
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03/04/2013 11:28 AM

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Re: 12 Things That Just Happened That Show The Next Wave Of Economic Collapse Is Almost Here
Oil is having a fresh round of collapse this morning...

-1.05 to $89.63
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Anonymous Coward
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03/04/2013 11:28 AM
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Re: 12 Things That Just Happened That Show The Next Wave Of Economic Collapse Is Almost Here
HOLY FUCK BALLS!
Anonymous Coward
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03/04/2013 11:30 AM
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Re: 12 Things That Just Happened That Show The Next Wave Of Economic Collapse Is Almost Here
bump
JUST HERE

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03/04/2013 11:31 AM
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Re: 12 Things That Just Happened That Show The Next Wave Of Economic Collapse Is Almost Here
5 stars pin
:glp sign:
TastyThoughts

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03/04/2013 11:34 AM

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Re: 12 Things That Just Happened That Show The Next Wave Of Economic Collapse Is Almost Here
[link to www.youtube.com (secure)]
"They cannot see what's-up if They are looking down." (TastyThoughts)
"Something is smelly! Something is smelly, like an old barnacle encrusted shoe washing ashore in the middle of summer." (TastyThoughts)
"Yes happy Earth day. Now go tell the wicked to stop damaging the Human Species therefore/and the Earth; For, they are discombobulating the entire Universe and upsetting the Most High God." (TastyThoughts)
Anonymous Coward
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03/04/2013 11:37 AM
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Re: 12 Things That Just Happened That Show The Next Wave Of Economic Collapse Is Almost Here
But,but,but,but the Dow is at 14,000 again?ohappyoridin
Waterbug

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03/04/2013 11:42 AM

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Re: 12 Things That Just Happened That Show The Next Wave Of Economic Collapse Is Almost Here
But,but,but,but the Dow is at 14,000 again?ohappyoridin
 Quoting: Anonymous Coward 14317225


Is it on Broadway, yet..?

You can't eat illusions.
Wubbo Ockels
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03/04/2013 11:45 AM

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Re: 12 Things That Just Happened That Show The Next Wave Of Economic Collapse Is Almost Here
3/22


.
R.I.P. for the real Wubbo Ockels. He was a true icon of my country, and a great front-fighter for sustainable energie/technology and humanism.

"Yes, we have hurdles, we have distractions, we have disasters, personally and world-wide, and we do have to work it all out ourselves. BUT, there is a most amazing experience awaiting us on the other end of the finish-line.
The idea being, once we can handle it all down here, then we can live and explore eternally, responsibly, because we know what not to do, and not be resentful about being responsible, so we don't start a polarity domino effect in the other realms of existence."

"The Fraction" of Life can be increased in value not so much by increasing your Numerator as by lessening your Denominator. Nay, unless my Algebra deceive me, Unity itself divided by Zero will give Infinity."

Thread: LADIES & GENTLEMEN: I PRESENT to YOU OUR NEW SUN !!
Anonymous Coward
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03/04/2013 11:45 AM
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Re: 12 Things That Just Happened That Show The Next Wave Of Economic Collapse Is Almost Here
But,but,but,but the Dow is at 14,000 again?ohappyoridin
 Quoting: Anonymous Coward 14317225


Is it on Broadway, yet..?

You can't eat illusions.
 Quoting: Waterbug


But I can eat Netflix stock certificates and ipads.5a
Waterbug

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03/04/2013 11:46 AM

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Re: 12 Things That Just Happened That Show The Next Wave Of Economic Collapse Is Almost Here
But,but,but,but the Dow is at 14,000 again?ohappyoridin
 Quoting: Anonymous Coward 14317225


Is it on Broadway, yet..?

You can't eat illusions.
 Quoting: Waterbug


But I can eat Netflix stock certificates and ipads.5a
 Quoting: Anonymous Coward 14317225


With lots of HP sauce..?
Anonymous Coward
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03/04/2013 11:49 AM
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Re: 12 Things That Just Happened That Show The Next Wave Of Economic Collapse Is Almost Here
But,but,but,but the Dow is at 14,000 again?ohappyoridin
 Quoting: Anonymous Coward 14317225


Is it on Broadway, yet..?

You can't eat illusions.
 Quoting: Waterbug


But I can eat Netflix stock certificates and ipads.5a
 Quoting: Anonymous Coward 14317225


With lots of HP sauce..?
 Quoting: Waterbug


I dunno, I'll have to ask Bill Dudley, Larry Cuntlow and Cramer, first.
Resister

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03/04/2013 11:51 AM

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Re: 12 Things That Just Happened That Show The Next Wave Of Economic Collapse Is Almost Here
Food, water and shelter.

Fantasy paper... not so much.
 Quoting: Waterbug


^this^
"God forbid we should ever be 20 years without such a rebellion. The people cannot be all, & always, well informed... If they remain quiet under such misconceptions it is a lethargy, the forerunner of death to the public liberty... Let them take arms... What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time with the blood of patriots & tyrants. " - Thomas Jefferson in 1787
Lab Lover

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Re: 12 Things That Just Happened That Show The Next Wave Of Economic Collapse Is Almost Here
Just an illusion my friend, prepare and have faith and lets try and come out on this with some sort of sanity
Lab Lover
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Re: 12 Things That Just Happened That Show The Next Wave Of Economic Collapse Is Almost Here
nothintoseehere
Saddletramp (OP)
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03/04/2013 12:33 PM

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Re: 12 Things That Just Happened That Show The Next Wave Of Economic Collapse Is Almost Here
[link to www.risk.net]

Basel III approval is just around the corner as well...

Last Edited by Saddletramp on 03/04/2013 12:34 PM
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
roadrunnerray

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03/04/2013 12:37 PM

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Re: 12 Things That Just Happened That Show The Next Wave Of Economic Collapse Is Almost Here
There is a stunning confluence of economic events happening RIGHT NOW...

And several of these economic events, like the "Fiscal Cliff", have been intentionally steered to this time frame...

Watch out guys, it's looking like it's close...
 Quoting: Saddletramp


Thanks Saddletramp!.......5*
Anonymous Coward
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03/04/2013 12:37 PM
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Re: 12 Things That Just Happened That Show The Next Wave Of Economic Collapse Is Almost Here
Muslim extremists are succeeding in returning us to the Stone ages.
Gunnz, lots of Gunnz

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03/04/2013 12:43 PM
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Re: 12 Things That Just Happened That Show The Next Wave Of Economic Collapse Is Almost Here

Corp/o/Ration
A Single Entity (group with the same paragon) Restricting consumption of scarce commodities.
Kinga
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Re: 12 Things That Just Happened That Show The Next Wave Of Economic Collapse Is Almost Here
5* OP.

In my opinion economical collapse is coming but it takes time and won't be sudden. More people in more countries will start to protest on the streets like in Greece, Spain and Lisbon. With economical collapse usually goes revolution. And if I’m not mistaken this is the longest time in history without world war....
“Be who you are and say what you feel because those who mind don't matter and those who matter don't mind.” - Dr. Seuss
Anonymous Coward
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Re: 12 Things That Just Happened That Show The Next Wave Of Economic Collapse Is Almost Here
3/22


.
 Quoting: Wubbo Ockels


Care to elaborate?
Saddletramp (OP)
We Don't Rent Pigs...

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03/04/2013 12:49 PM

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Re: 12 Things That Just Happened That Show The Next Wave Of Economic Collapse Is Almost Here
3/22


.
 Quoting: Wubbo Ockels


Care to elaborate?
 Quoting: Anonymous Coward 35557748


Well there are a few old predictions that it will begin on a Friday...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Mega Nix

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03/04/2013 01:04 PM
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Re: 12 Things That Just Happened That Show The Next Wave Of Economic Collapse Is Almost Here
Good find!


I think it's a good thing that this false economy is soon to collapse.. For most people it will come as a shock and it will force them to question what really is going on in the world. I hope we won't ever give absolute power to a few individuals again after this shit is over.


People tend to only learn then they have hit rock bottom..
Mega Nix

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Re: 12 Things That Just Happened That Show The Next Wave Of Economic Collapse Is Almost Here
Muslim extremists are succeeding in returning us to the Stone ages.
 Quoting: Anonymous Coward 28683353


feels good to blame someone for everything?
Anonymous Coward
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Re: 12 Things That Just Happened That Show The Next Wave Of Economic Collapse Is Almost Here
3/22


.
 Quoting: Wubbo Ockels


Care to elaborate?
 Quoting: Anonymous Coward 35557748


Well there are a few old predictions that it will begin on a Friday...
 Quoting: Saddletramp


That wasn't really elaborating.

But agree the collapse is near. Hell I was fucking around on yahoo earlier. The article about unpopular cuts was getting blown up with comments. I decided to comment under false name and now any words saying treason, trater, collapse, crash, fed, federal reserve, etc are automatic comment censor.

Funny shit
Saddletramp (OP)
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03/04/2013 01:17 PM

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Re: 12 Things That Just Happened That Show The Next Wave Of Economic Collapse Is Almost Here
3/22


.
 Quoting: Wubbo Ockels


Care to elaborate?
 Quoting: Anonymous Coward 35557748


Well there are a few old predictions that it will begin on a Friday...
 Quoting: Saddletramp


That wasn't really elaborating.

But agree the collapse is near. Hell I was fucking around on yahoo earlier. The article about unpopular cuts was getting blown up with comments. I decided to comment under false name and now any words saying treason, trater, collapse, crash, fed, federal reserve, etc are automatic comment censor.

Funny shit
 Quoting: Anonymous Coward 13371913


The 3/22 is from the Skull & Bones symbol that has the number 322...it is also 33 years from the date that the center stone of the Georgia Guide-Stones was erected on March 22, 1980...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."

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