The second financial crisis 2010

[wakeup2nwo]

They decide to tell us this now:( Gerald Celente has said this was imminent from back in the summer of 09 after the banks where last bailed out.. but all the msm was telling us is there where going to be "green shoots" did you see any green shoots? i surly didnt!! luckily i listened to Gerald, so we are prepared..
Ive warn all my family and argued with many about this happening.. this is an "i told you so" im not happy about!!

http://www.telegraph.co.uk/finance/financetopics/davos/6990433/Significant-chance-of-second-financial-crisis-warns-World-Economic-Forum.html


'Significant chance' of second financial crisis, warns World Economic Forum

There is now more than a one-in-five chance of another asset price bubble implosion costing the world more than £1 trillion, and similar odds of a full-scale sovereign fiscal crisis, a key report warned.


By Edmund Conway, Economics Editor
Published: 7:24PM GMT 14 Jan 2010

Investors must steel themselves for the possibility of a second leg to the financial crisis, and should be equally prepared for a fiscal crisis, in which a major economy faces either default or a "sudden stop" in financing themselves on capital markets, according to the World Economic Forum.

Its closely watched Global Risks Report also warned of the possibility of China's economy overheating and, instead of helping support global economic growth, preventing a fully-fledged recovery from developing.

The report, which comes a fortnight ahead of the WEF's annual summit in Davos, which will be attended this year by many of the world's leading businessmen and politicians, including Jamie Dimon of JP Morgan, Bill Gates, Bill Clinton and Nicolas Sarkozy. The report, produced in conjunction with Citigroup, Marsh & McLennan, Swiss Re, the Wharton School Risk Center and Zurich Financial Services, warns that the crisis has left leading economies acutely vulnerable to further problems.

The report, which in previous years had been among the first to cite the prospect of a financial crisis, the oil crisis that preceded it and the ongoing food crisis, included a list of growing risks threatening leading economies. Among the most likely, and potentially most costly, is a sovereign debt crisis, as some countries struggle to afford the unprecedented costs of the crisis clean-up, the report said, specifically naming the UK and the US.

Robert Greenhill, chief business officer of WEF, said: "The US and UK will have among the highest debt burdens; the danger may not be of a default, but it will certainly dampen economic activity."

The report also highlights the risk of a further asset price collapse, which could derail the nascent economic recovery across the world, with particular concern surrounding China, which some fear may follow the footsteps Japan trod in the 1990s.

Another worry is that Britain and fellow nations may be sleepwalking towards a potential energy crisis by failing to invest enough in the infrastructure that keeps the country powered. John Drzik, chief executive of management consultancy Oliver Wyman, said that countries were failing to invest sufficient amounts in both transport and energy infrastructure.

[wakeup2nwo]

Heres Gerald back in may 09..

Gerald Celente On *whats happening next?*....."WAR" 21.5.2009

Gerald Celente On *whats happening next?*....."WAR" 21.5.2009 - YouTube

[arty2000]

this seems to closely follow what the web bot project has been saying and also what the mayan 6th night is all about...good read:)

[tacchan14]

Early 2008: LEAP2020 announced that 2H 2008 would see the world plunging into the eye of the storm

2H 2008 - 1H 2009: We have seen what we have seen

2H 2009 - Now: Sucker Rally

I sold all of my stocks by the end of 1H 2008 and bought some real gold. Now at least a quarter of my total position consists of gold/gold ETF and it will only increase.

[rodin]

Early 2008: LEAP2020 announced that 2H 2008 would see the world plunging into the eye of the storm

2H 2008 - 1H 2009: We have seen what we have seen

2H 2009 - Now: Sucker Rally

I sold all of my stocks by the end of 1H 2008 and bought some real gold. Now at least a quarter of my total position consists of gold/gold ETF and it will only increase.

Has GLD got gold though or salted bars?

Will COMEX default?

[motleyhoo]

Here's my take on why I think this is likely. First, the Feds have made it known to all of the big banks and us that they will not let any of them fail, and they have been giving them trillions of dollars with no strings attached. We know they didn't use this money to loosen credit. Instead, they have used it to pump up the stock market, futures, commodities, and derivatives. There is not risk on them because when they decide to dump it, and they will, they will make trillions in short-selling, then claim they're broke, which we the taxpayers will have to cover because they're too big to fail.

The housing bubble was a classic pump-and-dump operation, and what is going on right now in the markets is the same thing. We have no real economy anymore with which to actually make real money doing anything that is actually productive. Instead, the banks create bubbles to swindle their earnings out of honest people just trying to make a living. Right niw they're pumping the bubble up. It won't be long before they dump it and cause what will likely be the total collapse of the US dollar.

I've said this before. The people who are doing this have no allegience to a flag or to any country. Patriotism or doing something for the good their country does not even figure into their agendas. They have all built posh villas in other countries with money they stole from our very own pockets, and when they are finished picking over whatever carcass is left of the US economy/financial system they'll just climb aboard their private jets and go do this to the next unsuspecting country.

.

[trix]

We got out of the city two months ago to a small cottage on a lake with a bit of property. We got chickens and stocked up on seeds.

I don't think 2010 is going to be a good year. I believe food shortages are going to hit while the real financial crisis goes down.

Even if it doesn't, hubby and I are happy to live more off the land. You appreciate things more when you work for it.

Holy crap, and they put their poison in everything. High fructose syrup in BREAD, was shocked, went about the house reading lists a few weeks ago, you wouldnt believe the stuff they put that toxin in, not to mention everything else they are poisoning us with. Make your own food, folks, or at least make an effort.

Good luck to all.

[wakeup2nwo]

We got out of the city two months ago to a small cottage on a lake with a bit of property. We got chickens and stocked up on seeds.

I don't think 2010 is going to be a good year. I believe food shortages are going to hit while the real financial crisis goes down.

Even if it doesn't, hubby and I are happy to live more off the land. You appreciate things more when you work for it.

Holy crap, and they put their poison in everything. High fructose syrup in BREAD, was shocked, went about the house reading lists a few weeks ago, you wouldnt believe the stuff they put that toxin in, not to mention everything else they are poisoning us with. Make your own food, folks, or at least make an effort.

Good luck to all.

i agree about the food shortages.. and all around me there are people who are not prepared.. :eek:

[anthony1965]

One in five chance of a second financial crisis? :confused:

One in one I would say.

Yesterday I read that a high ranking German politician Wolfgang Schäuble, Finance Minister, was saying pretty much the same thing. He sounded very gloomy, but he always does.

"Gefahr der nächsten Krise"
Nicht nur auf das Kabinett sieht Schäuble harte Zeiten zukommen: Bei einer Veranstaltung in Berlin warnte der Minister am Mittwoch vor einer neuen Wirtschaftskrise. "Ich sehe die potenzielle Gefahr, dass wir schon auf die nächste Krise zusteuern", sagte er auf dem Wirtschaftsgipfel der "Welt"-Gruppe . Eine solche Krise sei eine ernste Bedrohung: "Meine Fantasie reicht nicht aus, mir vorzustellen, wie die westliche Gemeinschaft eine zweite Krise dieser Dimension bewältigen könnte."

Here is a summary..

Danger of the next crisis
He sees the potential of the next crisis. He said that his fantasy isn't enough to imagine how western society could cope with a crisis of these dimensions.

One of the big weekly newspapers in germany "Die Zeit" has a front page asking the possibility of nations like Greece, Spain going bankrupt...

The bubble looks ready to pop...

[motleyhoo]

We got out of the city two months ago to a small cottage on a lake with a bit of property. We got chickens and stocked up on seeds.

I don't think 2010 is going to be a good year. I believe food shortages are going to hit while the real financial crisis goes down.

Even if it doesn't, hubby and I are happy to live more off the land. You appreciate things more when you work for it.

Holy crap, and they put their poison in everything. High fructose syrup in BREAD, was shocked, went about the house reading lists a few weeks ago, you wouldnt believe the stuff they put that toxin in, not to mention everything else they are poisoning us with. Make your own food, folks, or at least make an effort.

Good luck to all.

We have been trying to do this, but is impossible to sell our house right now, what with 4 others already for sale on my street that have had signs up for over a year. I do have a large yard tho, and I plan on getting a tiller and putting in a near 1/4 acre biointensive garden.

http://www.growbiointensive.org/

.

[xeon]

Here's my take on why I think this is likely. First, the Feds have made it known to all of the big banks and us that they will not let any of them fail, and they have been giving them trillions of dollars with no strings attached. We know they didn't use this money to loosen credit. Instead, they have used it to pump up the stock market, futures, commodities, and derivatives. There is not risk on them because when they decide to dump it, and they will, they will make trillions in short-selling, then claim they're broke, which we the taxpayers will have to cover because they're too big to fail.

The housing bubble was a classic pump-and-dump operation, and what is going on right now in the markets is the same thing. We have no real economy anymore with which to actually make real money doing anything that is actually productive. Instead, the banks create bubbles to swindle their earnings out of honest people just trying to make a living. Right niw they're pumping the bubble up. It won't be long before they dump it and cause what will likely be the total collapse of the US dollar.

I've said this before. The people who are doing this have no allegience to a flag or to any country. Patriotism or doing something for the good their country does not even figure into their agendas. They have all built posh villas in other countries with money they stole from our very own pockets, and when they are finished picking over whatever carcass is left of the US economy/financial system they'll just climb aboard their private jets and go do this to the next unsuspecting country.

.

Yes, that is what I think too. We can see signs right now even. Once the winter is over, I think it's a round 2 for financial problems and round 2 for the H1N1.

I'm trying to make my friends see this so we can organize something, but they are all either "yeah, right" or in popcorn flick mode.

[john connor]

We got out of the city two months ago to a small cottage on a lake with a bit of property. We got chickens and stocked up on seeds.

I don't think 2010 is going to be a good year. I believe food shortages are going to hit while the real financial crisis goes down.

Even if it doesn't, hubby and I are happy to live more off the land. You appreciate things more when you work for it.

Holy crap, and they put their poison in everything. High fructose syrup in BREAD, was shocked, went about the house reading lists a few weeks ago, you wouldnt believe the stuff they put that toxin in, not to mention everything else they are poisoning us with. Make your own food, folks, or at least make an effort.

Good luck to all.

Good luck to you and hubby