11 Signs That Time Is Quickly Running Out For The Global Financial System

Are we rapidly approaching a moment of reckoning for the global financial system? August is likely to be a relatively slow month as most of Europe is on vacation, but after that we will be moving into a “danger zone” where just about anything could happen. Historically, a financial crisis has been more likely to happen in the fall than during any other time, and this fall is shaping up to be a doozy.

Much of the focus of the financial world is on whether or not the euro is going to break up, but even if the authorities in Europe are able to keep the euro together we are still facing massive problems. Countries such as Greece and Spain are already experiencing depression-like conditions, and much of the rest of the globe is sliding into recession. Unemployment has already risen to record levels in some parts of Europe, major banks all over Europe are teetering on the brink of insolvency, and the flow of credit is freezing up all over the planet. If things take a really bad turn, this crisis could become much worse than the financial crisis of 2008 very quickly.

All over the world people are starting to write about the possibility of a major economic crisis starting this fall. more here http://www.infowars.com/11-signs-that-time-is-quickly-running-out-f...

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Comment by Robert Carobene on July 31, 2012 at 10:18am: Yes he does talk about it the truth and it will get ugly but we will have to wait and see.

Comment by Nathan on July 31, 2012 at 9:50am: I don't follow Celente religiously but I think I've seen the latest two or three vids that are circulating. He seems to be one of the few that will actually speak the truth about whats going on.

Comment by Robert Carobene on July 31, 2012 at 9:45am: Just research what Gerald Celente says about this

Comment by Nathan on July 31, 2012 at 9:38am: The only real question in my mind is will a hyperinflation event in the US be the proverbial straw that breaks the Euro or will the Euro collapse spark our hyper-event ;)

Every govt and financial inst the world over is scrambling to keep the sys propped up. The #1 solution? PRINT MORE MONEY/MORE DEBT of course! We are all gonna feel it alright and it aint gonna be pretty. JMO