September 22, 2011 – New York – The Dow has fallen -677points in two days. With no solution in sight for Europe and new fears of a global recession, investors dumped stocks and commodities and ran to the safety of U.S. Treasuries. Stocks came off their worst levels, but still finished sharply lower Thursday in heavy-volume trading as a gloomy outlook from the Federal Reserve in addition to ongoing economic jitters fueled concerns of a recession. Adding to concerns of another global recession, China’s manufacturing sector contracted for a third straight month in September. The world’s second-largest economy is especially vulnerable to fading demand from the U.S. and Europe, its biggest export markets. In addition, business activity in France and Germany grew at its weakest pace in more than two years in September and new orders fell for a third month, underscoring a loss of momentum in Europe’s largest economies. –CNBC
The Bullet in the Chandelier: It was bound to happen, however; the worst part of this financial three-part nightmare act is yet to play to billing. A global Depression will soon be upon the world and suffice it to say, no corner of the globe will be spared the misery and suffering it will bring to the untold millions who entrusted their lifesavings and retirement hopes to financial institutions that gambled everything at the roulette wheel and lost. The 2008 financial crisis was the charging rhino in the room at the black-tie cocktail party no one wanted to talk about. Governments only had one bullet in the gun to fire to bring the beast to its knees and its goes without saying its aim and interests could not have been more off target. It fired into the chandelier. Instead of reforming the corrupt ponzi-schematics of a financial system that created the crisis in the first place; governments instead chose to throw trillions of dollars into the furnace to shore up bank balance sheets whose debt levels already exceeded the relative value of all the paper currency on the planet several times over. Bank derivative debt runs into the quadrillions of dollars. For those of you doing the math- a quadrillion is a thousand trillion. When this glass bubble of global debt finally does burst, the noise will be heard as far away as the rugged remote regions of Antarctica. – See: The Coming Global Depression, The Extinction Protocol, page 263-266
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