Part of being prepared involves looking rationally at current world events and likely events coming in the near future. A short internet search of potential world disasters will take you from the mundane to extreme fantasies. As Preppers or survivalists it is important to make evaluations about the possibility of these different events happening. No family can be completely prepared for every eventuality. Some of the most likely disasters to affect families in the near future are financial. The Economic Collapse Blog is a great one source stop for economic information.
If what you are hearing about the “economic recovery” on the main stream evening news or the newspaper doesn’t seem to fit with the situation in your neck of the wood, you are not alone! When I talk to people from different parts of the country I get comments like “things aren’t going as well here as they are nationally.” The funny thing is that people from all over the country say this. They are told on the evening news that things are getting better and believe it, they assume it just is their area that is not “in the recovery mode”.
There are a lot of possible problems on the horizon and I personally think world wide financial problems are high on the “possible threats list”. The article 22 Red Flags That Indicate That Very Serious Doom Is Coming for Global Financial Markets is a must read in my estimation.
Remember that God doesn’t want us to have a spirit of fear when we read these things. We should do what we can in the physical realm to prepare and go to God for strength to weather whatever trials face us.
22 Red Flags That Indicate That Very Serious Doom Is Coming For Global Financial Markets
If you enjoy watching financial doom, then you are quite likely to really enjoy the rest of 2012. Right now, red flags are popping up all over the place. Corporate insiders are selling off stock like there is no tomorrow, major economies all over Europe continue to implode, the IMF is warning that the eurozone could actually break up and there are signs of trouble at major banks all over the planet. Unfortunately, it looks like the period of relative stability that global financial markets have been enjoying is about to come to an end. A whole host of problems that have been festering just below the surface are starting to manifest, and we are beginning to see the ingredients for a “perfect storm” start to come together. The greatest global debt bubble in human history is showing signs that it is getting ready to burst, and when that happens the consequences are going to be absolutely horrific. Hopefully we still have at least a little bit more time before the global financial system implodes, but at this point it doesn’t look like anything is going to be able to stop the chaos that is on the horizon.
The following are 22 red flags that indicate that very serious doom is coming for global financial markets….
#1 According to CNN, the level of selling by insiders at corporations listed on the S&P 500 is the highest that it has been in almost a decade. Do those insiders know something that the rest of us do not?
#2 Home prices in the United States have fallen for six months in a row and are now down 35 percent from the peak of the housing market. The last time that home prices in the U.S. were this low was back in 2002.
#3 It is now being projected that the Greek economy will shrink by another 5 percent this year.
#4 Despite wave after wave of austerity measures, Greece is still going to have a budget deficit equivalent to about 7 percent of GDP in 2012.
#5 Interest rates on Italian and Spanish sovereign debt are rapidly rising. The following is from a recent RTE article….
Spain’s borrowing rate nearly doubled in a short-term debt auction as investors fretted over the euro zone’s determination to deal with its debts.
And Italy raised nearly €3.5 billion in a short-term bond sale today but at sharply higher interest rates amid fresh concerns over the euro zone outlook, the Bank of Italy said.
#6 The government of Spain recently announced that its 2011 budget deficit was much larger than originally projected and that it probably will not meet its budget targets for 2012 either.
#7 Amazingly, bad loans now make up 8.15 percent of all loans on the books of Spanish banks. That is the highest level in 18 years. The total value of all toxic loans in Spain is equivalent to approximately 13 percent of Spanish GDP.
- The Mess That Is Europe (ritholtz.com)
- Europe’s debt fix falters, rattling markets (charlotteobserver.com)
- Spain’s woes hit new low as unemployment surges (thehimalayantimes.com)
- The Mainstream Media’s Blatant Anti-Preparedness Bias (survivalblog.com)
- Doomsday Report: THREE MILLION PREPPERS IN AMERICA Are Getting Ready For The End of the World As We Know It (theintelhub.com)