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.
Rough and ready here...
I suspect it will be soon my ‘ol FRiend.
Yes, soon.
Stay safe, brother Eagle.
I loved that skit; remember it well and have the old album, still:
http://www.youtube.com/watch?v=bputeFGXEjA
Amen to that.
Yes, God is in control. He’s made the things we need available if we will take steps to provide and protect our families.
Because the transition will likely be very exciting.
At least it’s Friday.
QE1 and QE2 are probably the only reason we aren’t seeing Depression 2 deflation.
Are you saying that if I deposit money in a savings account, the bank should just put that money in the vault, rather than lending any of it out?
>>along with enough ammo to hold of horrific mobs, and government troops<<
The conundrum that I always bring myself back to is - what good will more than a few months of supplies do when either 1) mobs come through town looting and burning, or 2) the government jack-boots do the same, under the guise of ‘redistribution’?
I can hold them off for a while, but eventually I’ll be either rousted out of my house or killed.
I’ve been looking at buying a small plot of land in the way back-country to have as a bug-out place. But even then, state govt will have record of the transaction, and will assume it’s a relocation point.
Yes, God is in control, but He is also allowing humans to exercise their free will to obey His rules, or not, as they see fit.
That's what I worry about.
You are correct. It's still coming unless QE-3 (a very big one) shows up quickly.
Wasn't God in control during all sorts of horrible things that have previously happened throughout history?
I told my children to not have children of their own. The world is headed, to paraphrase Churchill, into a new Dark Ages....made all the more terrible and prolonged by the sinister powers of science.
I used to laugh at my grandparents who had around a thousand rolls of tp and paper towels stored. I don’t laugh anymore. They made it through the Depression better than most through farming and taking things in trade. I learned a lot from them but wish I’d learned more.
Close but more precisely: "The Misuse of fractional reserve banking system is the root of all evil in today’s economies."
Such is the basis of Banks loaning money, the problem is the FED uses it to devalue the Dollar rather than adjusting it to reflect the actual Growth or Contraction of the GDP.
Its like prescription drugs. Used right it makes things much better. Abuse it and it can be devastating. The FED/Banking regulators misuse Fractional Reserve Banking daily!
When countries and economies fail it brings on wars. We’ll have WWIII long before we see a one world currency.
http://www.freerepublic.com/focus/f-news/2890296/posts
Related: “US and European regulators are essentially forcing banks to buy up their own government’s debt—a move that could end up making the debt crisis even worse, a Citigroup analysis says.”
No, the antiChrist won’t come to save us. Us... we... won’t exist. If this happens the way he says, we will be gone and reduced to a 3rd world country of 20 million and ISLAM will conquer the world unchecked by any Western culture.
THAT is our future.
Now it may be that the antiChrist does wear a blue turban....
But, it won’t matter to us here.... and this is a post rapture scenario.... if the rapture comes earlier, it won’t matter to us here either way.
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