Nicole Foss BusinessInsider.com Jun. 4, 2012 2008 was a practice run, or a warning shot across the bow, compared to what is coming over the next few years. 2008 did not demonstrate what a liquidity crunch really means, but this time we are going to find out. As with many aspects of financial crisis,... »
Archive for June 4th, 2012
Europe Will See Deep Depression, China Bubble To Burst, US To Anarchy
Modernsurvivalblog.com June 4, 2012 On Bloomberg TV this morning, Todd Schoenberger, managing principal at BlackBay Group said, “They’re headed for a deep depression (Europe). The debt bombs that are there… we’re looking at 1.5 Trillion dollars in debt just amongst the PIGS countries that are held by those countries including the IMF. Think about... »
Turk – Bank & Government Collapses, Gold Spike Coming
KingWorldNews.com June 4, 2012 With continued volatility in major markets, as well as gold and silver, today King World News interviewed James Turk out of Europe. Turk told KWN, “if the central planners try to paper over the insolvency of governments and many of the big banks with more money printing, then gold, silver... »
“Anti-Democratic” World Government Advocate Attends Bilderberg
FT writer Rachman outlined plan for global UN dictatorship Paul Joseph Watson Prison Planet.com Monday, June 4, 2012 Financial Times writer Gideon Rachman was in attendance at this year’s 2012 Bilderberg Group conference, no doubt to further the agenda he advanced in a December 2008 FT article in which he argued that “everything is... »
Eurozone debt crisis could spark bear market in US, Goldman Sachs warns
An escalation of the financial crisis in Spain or elsewhere in the eurozone could fuel a bear market in the US, Goldman Sachs warned. By Angela Monaghan TelegraphUK 04 Jun 2012 A report said that although it was most likely that an election on June 17 would result in Greece remaining in the single... »
Global slump alert as world money contracts
Growth of the world money supply has dropped to the lowest level since the financial crisis of 2008-2009, heralding a severe economic slowdown later this year unless authorites rapidly take action. By Ambrose Evans-Pritchard TelegraphUK 04 Jun 2012 The latest data show that the real M1 money supply – cash and overnight deposits –... »
Gold Wins As Financials And USD Deteriorate
by Tyler Durden ZeroHedge.com 06/04/2012 With Europe’s credit traders on vacation, volumes overall were muted today in Europe but average in the US. The lack of discipline that normally occurs when the credit boys leave the room helped lift sovereign credit in Europe and implicitly US equity futures (ES) into the open today, which... »
Egan Jones Downgrades The UK From AA To AA-
by Tyler Durden ZeroHedge.com 06/04/2012 When one is expected to go down for missing a comma in their NRSRO application, one at least should go down swinging. Sure enough, Egan-Jones, the only rating agency with any credibility left, is at it again, this time cutting the big momma itself – the UK – from... »
Market rumor: Pimco and JP Morgan halt vacations to prepare for economic crash
Kenneth Schortgen Jr Examiner.com June 3, 2012 On June 1, market rumors were coming out of a hedge fund luncheon stating that Pimco, JP Morgan, and other financial companies were cancelling summer vacations for employees so they could prepare for a major ‘Lehman type’ economic crash projected for the coming months. These rumors came... »
Chinese Gold Imports Spike to Staggering Record Level
KingWorldNews.com June 4, 2012 On the heels of the spectacular rally in gold on Friday, and with global markets continuing to struggle, today King World News interviewed acclaimed money manager Stephen Leeb, Chairman & Chief Investment Officer of Leeb Capital Management. Leeb told KWN that Chinese gold imports spiked to unbelievable record levels. But... »