Posted on 06/01/2012 7:53:15 PM PDT by TigerLikesRooster
'Beware a rerun of the Great Panic of 2008': Head of World Bank warns Europe is heading for 'danger zone' as world markets suffer bleakest day of the year so far
Robert Zoellick: 'Far from clear leaders ready for impending catastrophe'
Raft of dismal news from around world wreaked havoc on market
Manufacturing output crashed in Britain, jobless up in Europe and U.S.
Fast-emerging economies such as Brazil and China running out of steam
By Hugo Duncan
PUBLISHED: 15:49 GMT, 1 June 2012 | UPDATED: 22:52 GMT, 1 June 2012
The head of the World Bank yesterday warned that financial markets face a rerun of the Great Panic of 2008.
On the bleakest day for the global economy this year, Robert Zoellick said crisis-torn Europe was heading for the ‘danger zone’.
Mr Zoellick, who stands down at the end of the month after five years in charge of the watchdog, said it was ‘far from clear that eurozone leaders have steeled themselves’ for the looming catastrophe amid fears of a Greek exit from the single currency and meltdown in Spain.
The flow of money into so-called ‘safe havens’ such as UK, German and US government debt turned into a stampede yesterday.
In Berlin the two-year government bond yield fell below zero for the first time, with the bizarre result that jittery international investors are now paying – rather than being paid – for lending to Germany.
There was a raft of dismal economic news from around the world, with manufacturing output falling in Britain and Europe, unemployment jumping in the eurozone and America, and fast-emerging economies such as Brazil and China showing signs of running out of steam.
(Excerpt) Read more at dailymail.co.uk ...
I’d worry about the scale and defense capabilities of a small nation like Costa Rica. Larger unfriendlies nearby, both north and south, perhaps easily overrun.
I’m staying put. I’m in the midst of a well-armed population who I count as friends. I’m not sure where I’d find a safer or more livable place.
I do a lot of business with Costa Ricans. Mainly exporting some of their products. I have lived there off and on for over 10 yrs. I know American couples living well - nice, small house in a safe neighborhood, minimal R.E. taxes if any, housekeeper 3 times a week for cleaning and cooking, cheap utilities ( no heat and Air Cond not necessary in most places because of altitude) - with a combined Soc Sec income of $1500 per month. And you get a one time duty free shipment of all household stuff and a car if you establish residency. On the bad side is that the roads are terrible, the infrastructure is not up to US standards....and the people are docile when it comes to petty corruption and lack of services. In ain’t America - but in a melt down here it is a good back up place to hold out in.
You’re right. They have no army. And Nicaragua in the North is always in a bad mood when it comes to CR. The Nicas come across the border to work and the Ticos treat them as illegals. But Panama in the south is very friendly. And well armed with American weapons. Plus we land Marines in the ports of CR from time to time for drug interdiction. And the terrain is similar to Switzerland - not easily overrun. And there isn’t much for an invading army to steal....mostly farm lands and crops. I wouldn’t worry about that.
Do you think Costa Rica would still be hospitable for Americans if it sinks into ruin along with the rest of the world?
As far as south, I’d regard Panama as a likely target of hostile intent, likely at the hands of Venezuela and to some extent Cuba. The international mercantilist economy would be heavily impacted, putting it into shambles for years between loss of demand, lack of accepted means of exchange and trade barriers, so China would be rather preoccupied in their more immediate sphere. Closer neighbors would have much to fear, but far flung I suspect not.
Oh....did I mention the women are beautiful?? :)
Ruin would be a relative concept, with those nations or alliances controlling sufficient food, energy etc. to remain viable and the ability to defend it faring much better, imho. It wouldn’t be a walk in the park for anybody, but those with the right resources, food and fuel, with the firepower to defend it, will be better off. Scale individual thinking up the line, from yourself, to your family. To your circle, town, region, state ... then nation or group of them. The basic concerns are the same. Those blessed by nature or well prepared won’t have the same level of difficulties.
But Panama has the dollar as the legal currency....so we all go down together there, I suppose.
As far as invasion from Venez....not likely IMO. I doubt very much Chavez's troops will fight once outside their own country. Like the Italians in WWII.
Is kidnapping a problem there like it is in Mexico and much of South America?
E.U. will collapse but Germany, Switzerland, just to name a few, will continue to do well.
China is about to implode. Do you know what "ghost cities" and bank runs have in common? They signal an economy about to tank. When it blows a billion oppressed people will rise up and the central authority will be powerless.
Build the fence on the southern border, where civilization stops, get rid of Obama, and Fortress North America will survive.
China is about to implode. Do you know what "ghost cities" and bank runs have in common? They signal an economy about to tank. When it blows a billion oppressed people will rise up and the central authority will be powerless.
Build the fence on the southern border, where civilization stops, get rid of Obama, and Fortress North America will survive.
It's important to remember that the population prides itself on being descendant from European stock with little inter marriage with the native population. Costa Rican's look and carry themselves very differently from Nicaragua, Panama or the rest of the people of Central America. Actually, the thought of a vicious drug cartel rising up in Costa Rica among the native population is laughable. They are much too passive and laid back for that !!
I’ve got the same feeling.
2008 is going to be looked at with fond memories as “good times”.
People don’t have any money to fall back on like they did in 2008.
http://americanpreppersnetwork.com/2012/04/10-rookie-food-storage-mistakes.html
My family eats lots of Bibimbap.
Get rice and a book on edible wild plants and you will never starve.
Agreed, if we had the government we should have, this is the place to be if such a thing were to occur, the US and Canada.
Without it, I don’t know.
Switzerland, yes. Germany, I don’t know.
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