Global financial crash one step closer - New level reached

I know I’ve been examined this subject up before. But it`s such a serious matter. So now after new indication and they show no difference from my previously ones. I must publish this new information and it`s really serious. So far, almost all of the scenarios that we heard of global economic catastrophe, were mainly for 2012, but new interpretations of worse “prophecy” are yet to come for 2013 this time. Multinational banks continue fatten their indebted countries. Which isn’t going to help in the long run.

The famous economist Nouriel Roubini has made another prediction. He believes that in 2013,”the perfect financial storm will hit the world.” The Nobel laureate economist warns as economies around the world slack, the geopolitical risks and the growing debt crisis in the euro area is growing.”The 2013 is the year that economic finances will worsen, that is when we will  have the perfect global storm,” says the economist. Roubini, who forecast the financial crisis that erupted in 2008, highlighted 5 players who could take the global economy off track. As Roubini says, the factors are: the worsening debt crisis in Europe; increasing taxes and cutting spending in the U.S. which may push the world’s largest economy into recession; the hard reality shock of the economy in China; further slowdown in emerging markets and a military confrontation with Iran. Lets hope this time Roubini’s predictions fall empty-handed. But we have a long way to go to at least to see a “global” rainbow after the storm.

But the situation now is much, much worse as more factors combine to suggest that foreign investors and trust in the U.S. and Europe and other comparable nations, economy might soon be a thing of the past. The latest indications are so sinister that mega corporations are warning their employees on regular staff meetings, about the coming collapse? The latest inline to demonstrate that they have a problem is VOLVO cars called “The golden calf” in Sweden. They are firing over 2000 people. And recently Securitas ” the worlds largest security company” fired for the first time (I believe) 500 officials. I’ve also talked to high-ranking officials from private equity firm CVC Partners who are the new owners of Ahlsell, purchased from Goldman Sachs Capital Partners for 1,8 B euro. And all prognosis are looking really bad. Why would Goldman Sachs Capital Partners in that case sell a very lucrative business otherwise? And Panasonic will fire another 10,000 employees by March of 2013, still won’t avoid $10 billion annual loss.

Ahlsell is the Nordic region’s leading trading company in installation products and tools & machinery. It offers a wide range of products and services to professional users in the segments of heating & plumbing, electrical, tools and machinery, refrigeration and DIY. The Group has an annual turnover of approx. SEK 21 billion and about 4,500 employees.

Listen to Jim Rogers: About the Global economic shock that is coming in 2013-2014.

You can ask yourselves why? After that so many politicians around the world lately have been declaring that the debt crisis is “over” when debt to GDP ratios all over the planet continue to skyrocket?  The global economy has never seen anything like the sovereign debt bubble that we are experiencing today on Earth. United States, Japan, and nearly every major nation in Europe are absolutely drowning in debt. We have heard a lot about “austerity” over in Europe in recent years, but debt to GDP ratios continue to rise in Greece, Spain, Italy, Ireland and Portugal. In general, most economists consider a debt to GDP ratio of 100% to be a “danger level”, and most of the economies of the western world have either already surpassed that level or are rapidly approaching it. Not even China is in the clear now from whats approaching.

Of course the biggest debt offender of all in many ways is the United States. The U.S. debt to GDP ratio for ex: Has risen from 66.6 percent to 103 percent since 2007 and climbing, and the U.S. government accumulated more new debt during Barack Obama’s first term than it did under the first 42 U.S. presidents combined.  This insane sovereign debt bubble will continue to expand until a day of reckoning arrives and the system implodes. This is simple inevitable with a capitalistic system.

More  More  More

About these ads