EU CRISIS DEEPENS!!! The German Economy Tanks, The ECB Throws Gasoline On The Fire, And Eurozone Bailouts Enter Fantasy Land!!!

Yeah man I know, I just wonder how much longer it's gonna be until they let it fall ! I thought 2008 was gonna be it, now everybody thinks the end of 2012 is gonna be it...I wonder what else have they got up their sleeve !

And about the tomatoes, I used to own a cactus once, even that died because I forgot to water it...!

I don't know when the last domino will fail either, but it will happen eventually, after the euro, the dollar, banks etc. no country in Europe can be spared from this.

Tomatoes sure are not your thing if you managed to dry up a cactus.

The Money Game ‏@themoneygame
Spaniard Explains How Their Real Problem Is A Massive Government by @PhilipGreenspun [link to read.bi]

zerohedge ‏@zerohedge
According to Pisani we need more failed auctions to prove all is well

zerohedge ‏@zerohedge
Schaeuble Says Situation in Europe ’Really Not So Dramatic’. He is right: S&P is at 2012 highs. Everything is under control

and inother ews...the US market is up

Controlled demolition!

Luisport, you do great work here, many thanks!

Thank you so much!!!

Stay track on doom with Louisport. See you after the collaps, same time, same location.

zerohedge ‏@zerohedge
Tsunami Warning Center says tsunami watch for Caribbean canceled; message was meant for Pacific. Merkel supports Pacific and Carribean

The Money Game ‏@themoneygame
ROSENBERG: Subprime Auto Lending Is Bigger Today Than It Was At The Peak Of The Credit Bubble by @mamtabadkar [link to read.bi]

Bump

Economist says Eurozone fall akin to the Great Depression
Posted on September 5, 2012 by The Extinction Protocol
September 5, 2012 – EUROPE – The eurozone economic downturn since the start of the crisis looks like the Great Depression of the 1930s, according to one economist. The decline in the economy of the eurozone, sparked by the beginning of the debt crisis with the shocks in Greece two and a half years ago, “seems to be more of a long-distance run than a quick sprint,” according to Carl Weinberg, chief economist at High Frequency Economics. One day ahead of a crucial European Central Bank (ECB) monetary policy meeting, the composite Purchasing Managers’ Index (PMI) for the eurozone – comprising manufacturing and services – fell to 46.3 from a flash reading of 46.6 and compared with a reading of 46.5 in July, data from Markit showed. Analysts have told Emerging Markets that September, with its string of events for the eurozone, could bring a shock to emerging markets as any bad news would trigger risk aversion. Weinberg pointed out in a market note that since the second quarter of 2010 – when Greece admitted lying about its fiscal position and markets started having doubts about its ability to pay back its debts – gross domestic product growth has declined or failed to rise in every quarter but one. GDP, which has not recovered from the post-Lehman contraction, is falling again and unemployment has risen since the eurozone debt crisis started, he added. “The Great Depression of the 1930s was not a slam-bang crash, either,” Weinberg wrote. “It was the cumulative result of a decade of cascading economic declines.” In the eurozone over the past 12 years, two “catastrophic” destructions of wealth in stock markets – the IT bubble burst between 2000 and 2003 and the financial crisis between 2007 and 2009 – have been compounded by a two-year slump in the prices of bonds of periphery countries, which in turn triggered a banking crisis, he said. Banks that are undercapitalized do not lend, so the credit crunch is getting worse, according to Weinberg. “We are not dissuaded from our outlook for a prolonged economic downturn in Euroland, an event more akin to the Great Depression of the 1930s than to any business cycle we have seen in our lifetimes,” he wrote. Our only error has been to underestimate the time frame in which this episode will play itself out,” he added, noting that when the eurozone crisis started he had expected a “rapid and steep decline of the economy into a deep depression.” –Emerging Markets
[link to theextinctionprotocol.wordpress.com]

zerohedge ‏@zerohedge
YTD Gold +8.4%, ES +12.16%, Silver +15.8%

zerohedge ‏@zerohedge
Troika is now present in Portugal. Will they demand locals work 28 hours a day to save the Euro - we will find out soon
FUCK!!!

Eventually it will all come together..... possibly on a friday (maybe 14th) so that then "it begins"..... maybe that's what the drop on the Timewave Zero starting on about that day really is up to....

Thread: MAJOR TIME WAVE ZERO DROP IN SEPTEMBER. 188 CYCLE Warm-up?

I guess we'll just have to prepare ourselves, wait and see....... just a few more days possibly