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Paper: We risk a disintegration of global finance within days
Ambrose Evans-Pritchard
London Telegraph
Monday, Oct 6, 2008
We face extreme danger. Unless there is immediate intervention on every front by all the major powers acting in concert, we risk a disintegration of global finance within days. Nobody will be spared, unless they own gold bars.
Investors will learn today whether the Paulson bail-out – fattened to $850bn (£480bn) by Congress – can begin to halt the death spiral in the credit system. So far, the response looks terrible.
Germany is now in the hot seat. The collapse of a rescue deal for Hypo Real Estate on Saturday threatens a €400bn (£311bn) bankruptcy that nearly matches the Lehman Brothers debacle for sheer scale.
(Article continues below)
Chancellor Angela Merkel has been forced to pull her head out of the sand, guaranteeing all German savings, a day after she rebuked Ireland for doing much the same thing. Reality intrudes.
During the past week, we have tipped over the edge, into the middle of the abyss. Systemic collapse is in full train. The Netherlands has just rushed through a second, more sweeping nationalisation of Fortis. Ireland and Greece have had to rescue all their banks. Iceland is facing an Argentine denouement.
The US commercial paper market is closed. It shrank $95bn last week, and has lost $208bn in three weeks. The interbank lending market has seized up. There are almost no bids. It is a ghost market. Healthy companies cannot roll over debt. Some will have to sack staff today to stave off default.
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39 Responses to “Paper: We risk a disintegration of global finance within days”
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October 6th, 2008 at 12:31 pm
Subtle hint for the gold guy, again.
We’re not all rich you know. Why whould I buy gold when I could by food and survival gear?
October 6th, 2008 at 1:11 pm
modern day Babylon burns
in time there will be nothing left but ashes
this is but the beginning of the end for the evil american empire
built on money, worship money, death by money
money was america’s false idol that its’ people worshipped
money will be the rock on which america is broken.
a new peaceful country will grow in its’ place
fed by the the ashes of USA’s destruction
burn baby burn
disco inferno ,. o ya’
October 6th, 2008 at 1:33 pm
I think the point is that if you are going to take your money out of the market (or even banks) and put it somewhere, it should be in gold/silver. I hope you’re not implying that buying “food and survival gear” would deplete all of your cash. Sure, but what you think is necessary, but it is that remaining cash that should be converted before the paper currency and coins become the worthless currencies they truly are.
October 6th, 2008 at 1:46 pm
aww did the intl bankers hook another fish?
too bad Americans have no idea what is going on..
You were warned about these people but propoganda keeps you in line and stupid.
give it up now and just go away, you didnt deserve what your forefather fought for
and you are too pussy to fight to keep it
October 6th, 2008 at 2:34 pm
In every other war time our economy was humming, but these b#*tards running our country contract out the work of supplying the soldiers with uniforms and bullets etc. sending the jobs overseas so we get to pay for the war, and our boys get to die in the war, but their families reap no economic benefits like they did during Vietnam or WWII. This is the total rip off of Americans by the foreign bankers who control our politicians through the federal reserve.
October 6th, 2008 at 3:09 pm
Why not just forgive every single debt around the world (mortgages, visa, the whole lot) simultaneously around the world tomorrow. Imagine the spending spree around the world for years to come! Lets have a global “do over”. After all we are talking about paper arn’t we?
October 6th, 2008 at 3:15 pm
The end begun September 29/30, 2008 (Tishri 1)
It will last 1335 days until Pentecost, 2012.
This is the 3.5-years “great tribulation”.
The United Nations will rule the world and destroy all religions since these autumn days (October/November).
The four beasts are The Middle East Quartet.
http://abib14.blogspot.com
October 6th, 2008 at 3:42 pm
The take away I get from this article is the world needs to come together to solve the credit crises. Problem/reaction/solution. One step closer to a global central bank. So, in a way hey ho gotta go is correct. However, the system to rise out of the ashes will be far more diabolical and tyranical. The Bible has stated this will happen, and it’s happening in our day. Even Aaron Russo, who was not a Christian as far as I could tell, talked about Nick Rockefeller stating they want to chip everyone and make a cashless society. Most on this site see the NWO taking total control and yet fail to see how accurately the Bible states this exact scenario.
October 6th, 2008 at 3:57 pm
Tronkin, looks like the intl bankers hooked USA, Japan, Germany, India, Britan, France, Russia, Indonesia, and a few other countries I do not currently recall. I guess that means the entire planet is ‘too pussy to fight’?? The GLOBAL economy is crashing. Japan and Europe crashed before we did.
October 6th, 2008 at 4:02 pm
Abib, I hate to spoil your show but the info I have points to Advent 2010. You think things are bad now, wait til John Paul II is made a “saint,” whoa then the party really begins!!
The need to destroy all religions is not necessary, since all visible religions all consider themselves justified, therefore it is not a One World Religion rising from the ashes of the destruction of religions to be on the lookout for, but that all paths lead to Heaven, regardless of what you believe. THIS is the so-called One World Religion that everyone is fearful of. It is taking a shape that people are not cognizant of.
October 6th, 2008 at 4:06 pm
That’s some big talk Tronkin. I’d say at least 50% of the population is totally aware of what is going on. Of that 200 million there are plenty that will do what needs to be done. Leave the epic battles to the Americans and go crawl back under your rock.
October 6th, 2008 at 4:09 pm
To ILLUMINATIDVDS:
I fully understand your intentions in providing the people with vital information, but marketing a much needed product in a failing economy doesn’t exactly fare well for the cause. How many people could possibly have the expendable income at his point, when buying food and vital supplies is much more advised?
October 6th, 2008 at 4:54 pm
Abib, your blog is in spanish. Probably most folks here including myself can’t read it! Iwas interested but that kinda puts a stop to it!
October 6th, 2008 at 5:05 pm
Gold bars are great big shiney things and nice to look at but you cant eat a gold bar and I doubt the grocery store will take gold bars for cereal and beanie weenies.. in other words, gold bars cant really be traded for food unless you meet a trapper in the woods at just the right time. This is no time for discussing religion. There is NEVER a good time to discuss religion.. keep it to yourself where it belongs. The only thing we need to destroy is the Fed reserve. We need to become active in gov and fire all the losers we’ve allowed to run amok. This is just as much our fault as it is theirs. If you leave children alone to their own devices they become spoiled and devious. It’s time we as Americans upheld the constitution as it was wrtitten and only we can do that. The babysitter (Bush) was on the phone all night talking to his buddies trying to score his own deal while we were not paying attention. Time to come back home to reality and clean up our mess. I just took my worthless cash to the store and bought enough food and water to last me a couple of months. Wake up America! The monkey’s are running the ZOO!
October 6th, 2008 at 5:21 pm
Disintegrate?
How could our financial system disintegrate?
Here’s how: Money enters into the system when banks make loans. Banks only loan the principal but demand back the principal plus interest. Hence there’s not enough money in supply to pay back all loans. The lending process must continually accelerate to pump enough money into the system for interest payments. Inevitably there are mass foreclosures and bankruptcies when the inevitable inflation catches up with us.
Only a thoroughly brain-washed and mal-educated populace can be conned into being financially raped by this kind of madness. And now the widespread ignorance is blowing up in our faces.
Time to start using an alternative currency and economic system.
Don’t fight the system:
Replace it
http://www.youtube.com/watch?v=73×8uOXQjag
October 6th, 2008 at 6:01 pm
Jin
I’d rather have some gold that I can hide in the car and run for it than not have any. You may be able to get somewhere where you can use it. There would probably be a lot of interest in that. Speaking of gold, it is interesting to me that the price is around 850 but bullion on ebay is going for 1100. And the price of gold numismatic coins is increasing. I am still waiting for an IRA order to fill in order to get those babies in the vault but I wonder if it will ever fill. The government may take them and give me $50 for each one. Ive got some graded numismatic type that maybe they won’t confiscate. Maybe the elite likes coin collecting.
October 6th, 2008 at 6:13 pm
BE perpared news not posted on this site yet,..dunno why but its importatnt
MSNBC reports….
FBI warns of potential terror attacks on public buildings. ..
there blameing Al-cida be warned be scared, know…
http://deepbackground.msnbc.ms.....01940.aspx
October 6th, 2008 at 6:27 pm
@13 are you mad ? 50% know whats going on dont be fucking stupid where the fuck were you in dc when the bill went through scratching your fucking arse ??? you wont be able to do anything when they nuke their own people. @11 old school stop blaming other people for your countrys fuck up, its your govt that wanted the bailout its your countrys military thats on a world tour of destruction. your media lies, your your politicians lie, your lawyers lie,your news papers lie, your pharmaceuticals lie in fact you are all fucking liars now fuck off you fucking fuck.
October 6th, 2008 at 6:31 pm
and another thing george bush snr IS a fucking reptile so there !!!!!
October 6th, 2008 at 7:21 pm
england expects, you don’t really have much room to talk dumbass. You’re telling me there are no crooked politicians with private agendas there? Laughable! Great Britan is FULL of big brother. Yes our govt approved our bailout, but WITHOUT OUR PERMISSION. There were no votes, no invitation to debate, no media broadcasts, no nothing. Do you actually think we like our government? We like our govt about as much as you folks adore Tony ‘neocon’ Blair and the royal family. We are livid that those assholes have racked up over ELEVEN TRILLION dollars of national debt (most of it in the last few months). Get off your hi-horse you tard. You guys are being destroyed by your own government as we speak here, so get over yourself. At least we can carry nail clippers without fear of being assaulted by bobbies (who aren’t even allowed to carry pistols). Go do your research and find out how deep YOUR country is into all this mess and how many of YOUR troops are on this crusade also. Last time I checked, Europes stocks crashed too. Along with Russia, Australia, Germany, France, India, Canada, Japan, and on and on. And they have their own bailout agendas as well. Go stomp around in their grass too!! This is a global crisis bloke. You might want to nic up to the pantry and stock your flat with food and a few extra pints. But beware the trash police may fine you for havng 2 bins of improperly sorted rubbish. They can always see you from one of their millions of spy cams all over the place.
October 6th, 2008 at 7:55 pm
So much deception and evil. Where are the good guys? Where are they? It seems the entire Earth is cloaked in evil , greed, and deception. Is there any good left?
October 6th, 2008 at 8:32 pm
arghhh just when im in the US for a weeks vacation.
Found out today that walking down the street in West Palm beach in a infowars 911 shirt is NOT a good idea. good thing i watch alex’s video’s so that was some intresting conversations, i was utterly surprised how few the american people know bout whats going on…..compleet ignorance and stupidity.
Hate to say it but if the people simply dont care…….the saying that you can bring a horse to water but you cant MAKE then drink comes to mind.
My hope for this country is getting smaller and smaller….
Wake the fuck up people….please, for all our sakes.
What’s a Dutch guy doing in Florida educating Americans bout the state of their country ?? why would I even Care ?? Simple….even if 100% of the dutch population would gather in front of the American embassy in The Hague it wouldnt make damn bit of difference, you guys have to start it, once you get the ball rolling we’ll take it from there in Europe.
October 6th, 2008 at 8:33 pm
It’s time to start cutting heads off.
October 6th, 2008 at 8:34 pm
http://www.thereignofchrist.org http://www.veritas144k.com
The Money Grabbers of the world today are the
Zionists who have the power to create and restrict
the supply of money, who allow the Freemasons to
administer the governments.
The Zionists are a very small number of people in
high places, and control all the money of the world.
The financial crises of 2008 is the result of their
encouraging precipitous lending and banking
practices in the past, administered by Masonry.
The result of their action will be to have all the
governments of the world declare ‘emergencies’
and so shift the defaults in money from the banks
and financial institutions, which they do or will
own, to the citizens of the world. They are then in
position to have all world citizens submissive to
their dictates. Then will come the ‘mark of the
beast.’ “And he shall make all, both little and
great, rich and poor, freemen and bondmen, to
have a character in their right hand or on their
foreheads: and that no man might buy or sell, but
he that has the character, or the name of the beast,
or the number of his name. Here is wisdom. He
that has understanding, let him count the number
of the beast, for it is the number of a man: and the
number of him is six hundred sixty-six” Apoc 13:16-18.
This character is more subtle than the micro-chip,
and is accepted by the academic and blue-collar
alike, that the proposed economic tyranny is the
only solution. I do not discount the ‘chip,’ but it
comes only after the population is brainwashed
into accepting the ‘necessary bailout.’
The Zionist (who include Jews, Atheists, and
Christians), will have a short lived day – three and
a half years.
October 6th, 2008 at 9:29 pm
Part of the remedy is spiritual awakening, living your highest excitement, and creating a reality of joy independent of what is happening
I would also check out Rob Menard’s videos on google video to see how to change your standing in law from a child of the state to a free man or woman on the land
October 6th, 2008 at 10:28 pm
Oldschool is right, this Agenda does not just come from within the borders of the USA.
Far from it.
It is a GLOBAL Agenda, and being someone who was born and raised in Britain and having researched and been aware of the NWO agenda for the past 8 years I can honestly say that Britain is most probably far ahead in the game of bringing about the NWO compared to other countrys.
It has 1 CCTV camera for every 14 people, there are micro chips in your refuse bins ( yes, really , ask your local council ) the National ID card ( micro chipped population ) is steaming ahead unchecked.
But regardless of the problems we face, we must ALL realise one thing. The truth cannot hide forever, once the knowledge of the NWO agenda has reached critical mass an awakening of huge proportions is going to take place.
I can see it happening all around me. People who once laughed at me for rantings of the NWO and all the background of secret society control , the fabrications of religion and such things as Micro CHipped populations now SEE IT HAPPENING EVERYDAY presented to them by the very media sources complicit in the past cover ups. For anyone that still doesnt believe in Britain, show them a youtube video of Gordon Brown calling for a New World Order. He has done it plenty.
Oh , and lastly, read the Protocols of Zion , it predicts this global financial meltdown in clear wording. Even if you doubt thier authenticity, you cannot doubt that they were first published over 100 years ago, and foretell the worlds events of today.
October 6th, 2008 at 11:30 pm
How can anyone take someone serious who believes Jesus walked on water, left Earths gravity and floated into space? How do you take someone serious who pretends to drink the blood and eat the flesh of an idiot? How do you take Judaism & Islam serious when they cut the tip of their babies penis off in worship to their God? (American Christfuc*ers are the only Christfuc*ers who cut off the tip of their babies penis. Why? Because the Jew control every aspect of most Americans minds but not most European Christfuc*ers do they do not cut the tip of their babies penis off).
Religion = Dictator Worship
No one will ever get rid of religion, it is too good of a propaganda brainwashing mechanism, not to mention a money maker. Different owners will control religion but religion will always be used as a tool on ignorant fools.
October 7th, 2008 at 12:25 am
FK global finance!
October 7th, 2008 at 12:50 am
We’re going down the tubes: http://www.youtube.com/watch?v=vPS7ksrKk8Y
October 7th, 2008 at 2:32 am
“I hope you’re not implying that buying “food and survival gear” would deplete all of your cash. Sure, but what you think is necessary, but it is that remaining cash that should be converted before the paper currency and coins become the worthless currencies they truly are.”
Remaining cash? That IS funny!
I can’t even afford the food and survival gear, never mind the gold!
October 7th, 2008 at 5:39 am
FEAR MONGERING!
October 7th, 2008 at 5:40 am
MORE FEAR MONGERING!!!!
October 7th, 2008 at 5:42 am
Wake up this is just more FEAR MONGERING!!!!
October 7th, 2008 at 5:57 am
My dear TCFI, when a country has to guarantee ALL of its savings deposits because of a banking crisis. That is not fear mongering. That is new reporting of the highest import.
Hello Ken, you’re just wrong. Pure religion is fundamental solving many problems. The devil is a real being. Evil is real and seeks to imitate the true religion. So, yes, it is abused. By your logic, childbearing would be done away because some parents are abusive and good parents would be denied childbearing. There are MANY good, humble Christians.
October 7th, 2008 at 7:10 am
Dave, cite your sources providing evidence that the devil is a real being, I don’t believe you
October 7th, 2008 at 8:00 am
so
October 7th, 2008 at 8:03 am
If you think gold and silver are going to save you, I have a bridge I’d like to talk to you about…it spans one of the widest rivers in the world and it’s for sale.
These guys are unloading a bunch of gold on you folks…if it was so dire that we have it, why are they trying to peddle it to anyone who will listen to their hype? ESPECIALLY gold bars…what are ya gonna do? Melt it down? It’d be an awful time to discover that the innards are moctly nickle or some other useless filler!
If the system goes completely to seed, where are you going to get your food from? Where are you going to get your electricity from? Where are you going to get your heating oil from? Your clothes? Your water? Your toilet paper? Or are you going to store all that stuff in your garage (assuming you have a garage)?
Most people live in apartments…lots live in tents…lots more will be moving into tents…if things get as bad as these twerps are trying to scare you into believing, then the sooner you’re dead, the better off you’ll be! Struggling to survive in a world that has gone to seed sure won’t be made any easier by having gold or silver…10 acres of land and the knowledge of how to live off it would be useful! At least you could put food in your belly!
O well…good luck…if you’ve been listening to these guys for any length of time, you’re going to need it!
October 7th, 2008 at 10:16 am
Dave says: “There are MANY good, humble Christians.”
Yes, and there are MANY good, humble non-Christians.
In fact, there are MANY good, humble agnostics and atheists.
October 7th, 2008 at 11:04 am
Interestingly, that book that everybody hates said that folks’ll be throwing their gold into the streets..