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MARKET WATCH: EU Bank Failures Will CARSH WALL STREET...
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SAN LUIS OBISPO, Calif. (MarketWatch) — Worst-case scenario’s closing fast:...
When?
A string of European bank collapses is dead ahead. And like the Arab Spring, they will trigger an economic disaster for American banks.
Yes, coming soon says Martin Weiss in his “7 Major Advance Warnings,” which is “bound to have a life-changing impact on nearly all investors in the U.S. and around the globe.” His new Weiss Ratings warnings are the “most important” in a 40-year career. The stress on Wall Street banks will force them back to Congress for more bailouts...
1. Greece will default very soon ...
2. The contagion of fear will spread
3. European Mega Banks will collapse
4. EU governments suffer new credit rating downgrades ...
5. Spain and Italy next to face default on their massive debts ...
6. Global debt markets will suffer a critical meltdown ...
7. Vicious cycle: sovereign defaults, bank failures, global depression ...
History inevitably repeats itself: Arab Spring triggered Wall Street Fall. Next, the raging European monetary collapse will ripple through America’s banking system, completing the 2008 meltdown that never ended because Wall Street fought all reforms.
But now, a bigger meltdown as history repeats a dangerous cycle like the 1929 Crash and Great Depression.
History will also deal a fatal blow to Wall Street. Weiss adds a key warning: No bank bailouts. America’s banking system is bankrupt, structurally and morally. Washington is broken.
...Listen closely: Weiss final warning to all investors: “Get all or most of your money out of danger immediately … above all, stay safe!” Prepare for the coming bank collapse.
[link to www.marketwatch.com]
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Some of the article is pro-wall street protestors (although the author does not endorse communism)...nevertheless, it doesn't change the analysis or our fate.
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