Thursday, December 15, 2011

Financial and economic experts on the coming depression

Oh, you do NOT believe the HEAVENLY MESSAGES on the coming financial and economic depression and chaos ?
Well, belive at least the HUMAN FINANCIAL and ECONOMIC EXPERTS quoted underneath.

The lines given were taken from issues of 28th, 29th, 30th of June and July 2nd 2010 of THE MOST IMPORTANT NEWS, a news agency that daily sends out this type of headings, and much more.

One New York Times columnist is declaring that we are heading into "the third depression".

The Wall Street "reform" bill has just encountered another set of roadblocks.

An article on Bloomberg's website says that 46 U.S. states are facing a "Greek style" financial crisis.

Andrew Roberts, the credit chief at RBS, is warning clients to prepare for "monster" money-printing by the U.S. Federal Reserve.

Federal regulators on Friday shut down banks in Florida, Georgia and New Mexico, lifting to 86 the number of U.S. bank failures this year.

Is the U.S. commercial real estate market about to implode?

Economists are warning that the decision by European governments to cut their budgets could send the entire globe into another recession.

Banks in the U.K. are being instructed to hoard cash in preparation for the next financial crisis.

World financial markets seem to sense that something really bad is coming.

Are public pension funds the next bubble to burst?

Cash machines that only dispense £5 notes regardless of how much money is withdrawn will soon be installed across Britain.

The Conference Board's Consumer Confidence Index declined sharply to 52.9 in June. Most economists had expected that the figure for June would be somewhere around 62.

John P. Hussman of Hussman Funds has issued a full-fledged recession warning.

French bank Societe Generale is forecasting that gold could reach $1,430 an ounce in the third quarter of this year due to fears of a double-dip recession.

Economist Nouriel Roubini says that Greece needs an orderly restructuring of its public debt to head off an "inevitable default".

The Bank for International Settlements is warning that Europe's banks have yet to come clean over bad loans and may struggle to refinance short-term debt unless the region's bond crisis subsides soon.

The Bank for International Settlements is also warning authorities across the developed world that they cannot rely on ultra-low interest rates to cushion the blow of austerity measures.

On Tuesday, the Dow Jones industrial average fell nearly 270 points to close below 10,000 for the first time since June 10.

The protests against the austerity measures being imposed on Greece continue to turn violent.

Analysts are warning that global bond markets are flashing warning signals of a sharp slowdown in growth across the world and a possible slide toward a double-dip recession and outright deflation.

In fact, it is being reported that bond traders all over the world are getting "deflation jitters".

Fears that government austerity packages will hinder global growth have combined with fresh anxiety about the health of European banks to hammer investor confidence in Europe.

A new United Nations report released on Tuesday calls for abandoning the U.S. dollar as the main global reserve currency.

According to a new poll, more than half of all Germans want to go back to the deutschmark.

Sam Zell, chairman of Equity Group Investments, told CNBC on Tuesday that the U.S. public sector is so big that the economy cannot support it and that it needs to be cut back.

Ambrose Evans-Pritchard is wondering if it is time to shut down the U.S. Federal Reserve.

The United Nations is predicting a global rise in food prices.

A new report released by the United Nations is publicly calling for the establishment of a world currency.

It turns out that shell-shocked American consumers still aren't buying anything.

All signs seem to continue to point to the fact that the U.S. economy is going to continue to struggle for the rest of 2010.

In early 2009, U.S. net national savings as a percentage of GDP went negative for the first time since 1952, and it has continued its downward trend since then.

Forbes has published an article with this stunning headline: "Why The Greater Depression Still Lies Ahead".

The National Association of Realtors said on Thursday that its seasonally adjusted index of sales agreements for previously occupied homes dropped 30 percent in May.

According to a long-term budget outlook released today by the non-partisan Congressional Budget Office, U.S. government debt will represent 62% of the nation's economy by the end of this year, the highest percentage since just after World War II.

This Spring, North American financial markets tumbled to their worst quarter since the fall of Lehman Brothers.

According to prepared testimony by Goldman Sachs Chief Operating Officer Gary Cohn, Goldman Sachs shorted roughly $615 million of the collateralized debt obligations and residential mortgage-backed securities the firm underwrote since late 2006.

Moody's announced on Wednesday that it may cut Spain's AAA local and foreign currency government bond ratings by as much as two levels after a three-month review.


  1. a system failure to achieve a fiscal federation

  2. I don't need a bolt of lightning from heaven to know we are in a depression. The question is whether or not we'll see more price inflation (so that nobody can pay for the essentials, let along buy extras).

    Next question is whether or not we're stupid enough to give power to the Republicans, who will ram through more austerity programs. That will put us into a severe depression along with religious restrictions on how we live--brought to you by those wonderful Christians who believe they HAVE heard from on high.

  3. austerity done wrongly is the problem. can't continue to spend beyond our means, but in making cuts it is always the trend to cut from...those who aren't bailout the banks and bondholders..even shadow banking risk. spend sanely, ban derivatives-all types, banks take all their losees, fold if they can't make it, other local banks can fill the spot, smaller gov, ban lobbying, enforce sec regs and on gov memebers..and many other things, near endless list...question is will that happen? what makes up gov these day's? is like asking them to cut off their own legs. austerity, and using that savings to bail banks and bondholders and business as usual for certain segments. almost seems there's no chance huh. sane spending is needed but the using of the savings goes to the populace. examples of austerity done wrong, greece, the Uk, potugal, italy, spain...
    savings goes back to the governed..of the people and for the people...whatever happened to that. yep repubs are terrible, but stop ignoring the dems..different colors of suits out for many of the same goals, read it everyday in factual releases, even lawsuits lol, they speak swooning words and aim for the same goals from different directions sometimes, but the the goal, not the direction they come from in trying to achieve it.

  4. Personally I don't really trust economic experts for if they really know what they're advising we won't be experiencing an economic recession these days.


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