Posted on 05/31/2012 6:25:01 PM PDT by SatinDoll
If Raoul Pal was some doomsday spouting windbag, writing in all caps, arbitrarily pasting together disparate charts to create 200 page slideshows, it would be easy to ignore him. He isn't. The founder of Global Macro Investor "previously co-managed the GLG Global Macro Fund in London for GLG Partners, one of the largest hedge fund groups in the world. Raoul came to GLG from Goldman Sachs where he co-managed the hedge fund sales business in Equities and Equity Derivatives in Europe... Raoul Pal retired from managing client money in 2004 at the age of 36 and now lives on the Valencian coast of Spain, from where he writes." It is his writing we are concerned about, and specifically his latest presentation, which is, for lack of a better word, the most disturbing and scary forecast of the future of the world we have ever seen....
And we see a lot of those.
Consider this:
•We are here...
•We don’t know exactly what is to come, but we can all join the very few dots from where we are now, to the collapse of the first major bank…
•With very limited room for government bailouts, we can very easily join the next dots from the first bank closure to the collapse of the whole European banking system, and then to the bankruptcy of the governments themselves.
•There are almost no brakes in the system to stop this, and almost no one realises the seriousness of the situation.
•The problem is not Government debt per se. The real problem is that the $70 trillion in G10 debt is the collateral for $700 trillion in derivatives…
•Yes, that equates to 1200% of Global GDP and it rests on very, very weak foundations
•From an EU crisis, we only have to join one dot for a UK crisis of equal magnitude.
•And then do you think Japan and China would not be next?
•And then do you think the US would survive unscathed?
•That is the end of the fractional reserve banking system and of fiat money.
•It is the big RESET.
Bookmark for later.
http://www.trunews.com/Audio/5_11_12_friday_trunews2.mp3
http://www.trunews.com/Audio/m3u/5_11_12_friday_trunews2.m3u
I hope the fricken world blows itself to kingdom come tomorrow.
Okay, I need to prep....
“reset of currency?”
Watch, Obama just might get his face on the 5,000 bill.
It’ll be the $5000 toilet paper square at that point.
Thanks, Errant.
Psalm 137.8
O daughter of Babylon, who are to be destroyed; happy shall he be, that rewards you as you have served us.
His message goes along with what the author of 'The Harbinger' reveals.
sorry...but I am hoping and praying for the country to survive and for the world to right itself without horrible destruction....
sure, I put away food, etc.....but I hope NOT to have to ever depend on it....
Oh, I agree that it’s the whole country. It’s pretty obvious that we’re being set up for very bad things.
He blessed us and we turned our back on Him.
When we allow an evil communist in our White House, we’re in for it.
May God have mercy on the United States.
I hope he is right and we have another year or so, but like it or not the world’s economy is in for a fall and the piper will have to be paid! We might not fall as far or as hard as many countries, but I believe a fall is inevitable.
You either prepare and stand on your own beholden to no one or you become dependent on others to provide your basic needs and become thier‘serf’. Me I don’t want to be beholden to anyone for providing what is needed for me and mine. I certainly don’t want to have to kiss some ‘gubberment’ third class bureaucratic to try and coax some help from them, I don’t want some ‘jack booted’ thug herding me in line and telling me where to stand, sit, eat or sleep. And last but not least I don’t want to be shut up in with a bunch of ‘zombies’ and have to worry about not only trying to get basic necessities but having to fight to keep what I manage to get.
Now anyone thinking that prepping is foolish ask you what’s easier telling your children and loved ones why you prepared or explaining to them why you didn’t?
But if any provide not for his own, and especially for those of his own house, he has denied the faith, and is worse than an unbeliever. 1 Timothy 5:8
But then someone has to stand on the bridge waiting for FEMA to bring them a bottle of water, an MRE and a warm blanket so as to provide the Network Anchors their background ‘Money Shot’. I wonder how that will workout for them?
Face it we’ve kicked the financial can so far down the road that we are running out of road and the can which was once the size of a soda can is now the size of an oil drum (Try kicking that!)
For those who are just starting or are old hands at prepping you may find my Preparedness Manual helpfull. You can download it at:
http://tomeaker.com/kart/Preparedness1j.pdf
NOTE! THIS IS A FREE DOWNLOAD. I DO NOT MAKE ONE CENT OFF MY PREPAREDNESS MANUAL!
For those of you who haven’t started already it’s time to prepare almost past time maybe. You needed to be stocking up on food guns, ammo, basic household supplies like soap, papergoods, cleaning supplies, good sturdy clothes including extra socks, underwear and extra shoes and boots, a extra couple changes of oil and filters for your car, tools, things you buy everyday start buying two and put one up.
As the LDS say “When the emergency is upon us the time for preparedness has past.”
Or as the bible says: A prudent man sees danger and takes refuge, but the simple keep going and suffer for it.
NIV Proverbs 22:3
Lastly this for the doubters and the scoffers.
“There is no greater disaster than to underestimate danger.
Underestimation can be fatal.”
Preppers’ PING!
So it’s all OK? When Greece, Spain, Portugal, Ireland.... so on go broke and pull the Europe down with them there won’t be any serious repercussions? No effect on the remainder of the world’s finances? It will be all skittles and rainbows?
There is still time to alter our future, if we come to our senses, change our ways, and ask for God’s forgiveness. I don’t have much hope that will happen, at least not at the national level.
I agree 100% with every word.
“90 percent cash ....”
Cash, in what form?
I’ve got the rest covered, just need to do some stocking up...
It’s going to happen one way or another.
With somewhere around $100 trillion in combined debt and unfunded liabilities there are really only two realistic outcomes - a collapse and default or inflate the dollar to the point it can all be paid off with what will amount to pennies on the dollar.
Politicians will elect to inflate the dollar if given a choice but they might not get to choose. Their one-world utopian economy has linked our destiny so closely with Europe that they might well drag us down.
From our vantage point the end effect on us and our children will be the same either way - TEOTWAWKI
Either the U.S. will become the stable safe haven the world needs monetarily, or President Obama will be re-elected...
“With somewhere around $100 trillion in combined debt and unfunded liabilities there are really only two realistic outcomes - a collapse and default or inflate the dollar to the point it can all be paid off with what will amount to pennies on the dollar.”
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In a nutshell.
Go ahead you adamant, “sky is not falling” types; paint us a scenario, a way out of the woods, that does not include one of the two endpoints IM has cogently illustrated.
No, kickiing the fiscal can, YET further down the road does not count.
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