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Global Economic Collapse, nation by nation
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BornAgain2



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PostPosted: Thu Nov 24, 2011 8:03 pm    Post subject: Global Economic Collapse, nation by nation  Reply with quote




Hungary 'Junked' By Moody's
24 November 2011 Zero Hedge
http://www.zerohedge.com/news/hungary-junked-moodys

Citing uncertainty over the country's ability to meet 'austerity' targets and its rising susceptibility to external shocks - given its heavy reliance on external investors -
Moody's just downgraded Hungary to Junk Ba1 (with a negative outlook).

LIBOR SCANDAL on page 22
cj.myfreeforum.org/ftopic2553-322.php


ZionsCRY DAILY NEWS with prophetic analysis
http://cj.myfreeforum.org/forum10.php


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CJ
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PostPosted: Fri Nov 25, 2011 4:52 am    Post subject: Reply with quote

ILLUMINATI behind global government, globalism is the 666 Beast System
Many FACTS are conspiracy, but not theory.
WHAT is the driving force behind the new world order?
Its the same as satan long ago - "I" want to be God

February 7, 2012  Paul McGuire, NewsWithViews.com
When we talk about the NWO, that is the 666 New World Order, globalism, illuminati, UN, and pretty much ALL organizations today including most churches.
The destruction of the American economy and the USdollar did not happen by accident.
It was a planned event, like the demise of the euro etc.
There is [color=darkred]no energy crisis
and there are vast oil reserves in the United States and around the world.
There is NO real food shortage, only the manipulation of crops through genetically altered seeds and artificial shortages for the purpose of population control.
Everything we see around us is manufactured crisis, created to bring about a one world government.
Every major crisis for 100 years has been the work of globalists guided by occult forces like the Illuminati.
http://www.newswithviews.com/McGuire/paul116.htm


Nations are collapsing fast.   Shocked

November  25,  2011  Friday
World Stock markets are DOWN  on a lot of bad financial news
Spain, Ireland, Portugal, Greece and Italy ditched their government this year
Hungary junked by Moodys due to its rising susceptibility to external shocks.
Fitch downgraded Portugal rating to junk status.
Egypt downgraded
Japan in jeopardy

These threads are multiple pages

Financial Collapse and War
Maurice Sklar prophecy

http://cj.myfreeforum.org/about2591.html

Eurozone government, Euro-Collapse
http://cj.myfreeforum.org/about2219.html

WATCH GREECE -  Nov 22   Bank Run in Greece
http://cj.myfreeforum.org/about471.html

WATCH FRANCE  -  Fitch reports French rating at risk
http://cj.myfreeforum.org/about2520.html

WATCH SPAIN
http://cj.myfreeforum.org/about2526.html

WATCH ITALY
http://cj.myfreeforum.org/about2477.html

Germany Gets The Debt Blues As Euro Bonds Loom
http://cj.myfreeforum.org/about2544.html


Last edited by CJ on Sun Sep 23, 2012 8:55 am; edited 5 times in total
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BornAgain2



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Posts: 17194



PostPosted: Fri Nov 25, 2011 9:33 am    Post subject: Reply with quote

Portugal's Rating Cut To 'Junk' By China's Dagong
http://www.zerohedge.com/news/portugal-rating-cut-junk-chinas-dagong

23 November 2011
Arguably the least biased (or perhaps least cognitively dissonant) of the major ratings agencies,
China's Dagong has just moved Portugal's rating to junk (BB+) from comfortably investment grade (BBB+) - a 3 notch drop.

The rating agency also left the peripheral nation on negative watch.
This action follows Monday's Greek downgrade from C to CCC.
Is this a ploy for better entry levels when they save the world with their EFSF-buying bazooka?
Or more likely a more honest reflection of a debt-laden, slow-growing, austerity-facing nation burdened with inadequate leadership and an inability to control its own fate?


Germany faces Eurogeddon
Death of a currency as eurogeddon approaches
It's time to think what hitherto markets have regarded as unthinkable – that the euro really is on its last legs
.

24 Nov 2011
They need to wake up fast; it's happening before their very eyes. In its current form, the single currency may always have been doomed, but it has been greatly helped on its way by an extraordinarily inept series of policy errors.
The defining moment was the fiasco over Wednesday's bund auction, reinforced on Thursday by the spectacle of German sovereign bond yields rising above those of the UK.

If you are tempted to think this another vote of confidence by international investors in the UK, don't. It's actually got virtually nothing to do with us. Nor in truth does it have much to do with the idea that Germany will eventually get saddled with liability for periphery nation debts, thereby undermining its own creditworthiness.

No, what this is about is the markets starting to bet on what was previously a minority view - a complete collapse, or break-up, of the euro.
Up until the past few days, it has remained just about possible to go along with the idea that ultimately Germany would bow to pressure and do whatever might be required to save the single currency.

The prevailing view was that the German Chancellor didn't really mean what she was saying, or was only saying it to placate German voters.
When finally she came to peer over the precipice, she would retreat from her hard line position and compromise.
Self interest alone would force Germany to act.
But there comes a point in every crisis where the consensus suddenly shatters. That's what has just occurred, and with good reason.
In recent days, it has become plain as a pike staff that the lady's not for turning.

This has caused remaining international confidence in the euro to evaporate, and even German bunds to lose their "risk free" status. The crisis is no longer confined to the sinners of the south. Suddenly, no-one wants to hold euro denominated assets of any variety, and that includes what had previously been thought the eurozone safe haven of German bunds.
http://www.telegraph.co.uk/financ...ncy-as-eurogeddon-approaches.html
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BornAgain2



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PostPosted: Fri Nov 25, 2011 6:06 pm    Post subject: Reply with quote

Belgium credit rating downgraded by S&P
25 November 2011  Belgium has had its credit rating downgraded by ratings agency Standard & Poor's.
The country's downgrade could make it more expensive for Belgium to borrow in future.
Belgium's rating was cut by one notch, to AA from AA+, with S&P expressing concerns about funding and market pressures.
The move comes as the eurozone crisis threatens to keep growing, and with continued concerns over Italian debt.
S&P said the outlook was "negative", meaning Belgium's rating could possibly be cut further in future.

France, Spain, Belgium 5-year CDS widen to record
25 November 2011   MarketWatch
The cost of insuring European sovereign debt against default rose to record highs for France, Spain and Belgium in early trading Friday amid concerns that politicians are still a long way from resolving the euro-zone debt crisis.
Around 0800 GMT, five-year credit default swaps spreads on France, Belgium and Spain all pushed to fresh records, according to data-provider Markit.

France's five-year CDS spread widened two basis points to 250 basis points, while Spain's five-year CDS widened 16 basis points to 495 basis points.
Belgium's CDS widened one basis point to 395 basis points. It has now widened 69 basis points since last Friday.
Italy saw its five-year CDS jump 30 basis points to 583 basis points, closing in on its record high 587 basis points set Nov. 15.
Germany's CDS widened four basis points to 113 basis points. It is now just three basis points from its record high set Oct. 4.
Portugal's widened 10 basis points to 1,110 basis points after Fitch Thursday downgraded its credit rating to junk status.
Greece's CDS spread was one basis point wider at 63 basis points upfront, which means sellers of default protection are demanding a deposit at the inception of a trade to cover the country's deteriorating credit risk.
http://www.marketwatch.com/story/...ar-cds-widen-to-record-2011-11-25
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BornAgain2



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PostPosted: Fri Nov 25, 2011 8:42 pm    Post subject: Reply with quote

The worst week for the stock market in two months ended with a whimper in thin trading Friday.
http://news.yahoo.com/stocks-slip...st-week-since-sept-182351573.html

11/25/11   The Dow Jones industrial average lost 4.8 percent this week, while the broader Standard & Poor's 500 index fell 4.7 percent.
Both had their worst weeks since Sept. 23.
The Dow fell 25.77 points, or 0.2 percent, to close at 11,231.78. Of the Dow's 30 stocks, Chevron Corp. lost 1.6 percent Friday, the biggest drop. Travelers Cos. Inc. added 1.2 percent, the largest gain.

Major indexes wavered throughout Friday's session, which was shortened because it's the day after Thanksgiving. Worries about Europe's debt crisis flared up again after Italy had to pay 7.8 percent to borrow for two years at a debt auction. It's another sign that investors are increasingly hesitant to lend to European countries.
The euro slipped to $1.32, losing 2 percent this week against the dollar. The drop puts the euro at its lowest level since Oct. 4.

Higher interest rates on government debt of Italy, Spain and other European countries have rattled stock markets in recent weeks. When borrowing costs climb above the 7 percent threshold, it deepens investor fears about a government's ability to manage its debts. Greece, Ireland and Portugal had to seek financial lifelines when their interest rates crossed the same mark.


Euro zone may drop bondholder losses from ESM bailout
http://finance.yahoo.com/news/exc...-zone-may-drop-210813809.html?l=1

11/25/11   BRUSSELS (Reuters) - Euro zone states may ditch plans to impose losses on private bondholders
should countries need to restructure their debt under a new bailout fund due to launch in mid-2013, four EU officials told Reuters on Friday.

Discussions are taking place against a backdrop of flagging market confidence in the region's debt and as part of wider negotiations over introducing stricter fiscal rules to the EU treaty.
Euro zone powerhouse Germany is insisting on tighter budgets and private sector involvement (NYSEArca:PSI) in bailouts as a precondition for deeper economic integration among euro zone countries.

Commercial banks and insurance companies are still expected to take a hit on their holdings of Greek sovereign bonds as part of the second bailout package being finalized for Athens.
But clauses relating to PSI in the statutes of the European Stability Mechanism (ESM) - the permanent facility scheduled to start operating from July 2013 - could be withdrawn, with the majority of euro zone states now opposed to them.
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PostPosted: Sat Nov 26, 2011 9:16 am    Post subject: Reply with quote

EUROGEDDON
November  26,  2011  Saturday
Single currency collapse unless Germany and the ECB move quickly
Euro zone hurtles towards a crash.
The chances of the euro zone being smashed apart have risen alarmingly.
A euro break-up would cause the worlds most financially integrated region to be ripped apart by defaults, bank failures and the imposition of capital controls.
The euro zone could shatter into different pieces, or a large block in the north and a fragmented south.
Amid the recriminations and broken treaties after the failure of the euro, wild currency swings between
those in the core and those in the periphery would almost certainly bring the single market to a shuddering halt. The survival of the EU itself would be in doubt.
http://www.economist.com/node/21540255
.


Last edited by CJ on Tue Dec 06, 2011 5:52 am; edited 1 time in total
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BornAgain2



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PostPosted: Sat Nov 26, 2011 6:07 pm    Post subject: Reply with quote

Britain will join the Euro says Lord Heseltine

November 20th, 2011   Jeff Taylor
The staunch Europhile ex deputy prime minister and long term supporter of the Euro, Lord Heseltine, said on the BBC’s Politics Show that “I think we will join the Euro”.
This declaration by the Tory Grandee comes straight after the German finance minister, Wolfgang Schauble, said last week that the UK would join the single currency “faster than people think”.
Lord Heseltine said that, even though it had problems, the ‘chances are’ that the Euro would survive due to the sheer determination of the Germans and the French to maintain its ‘cohesiveness’.

The UKIP leader, Nigel Farage, also speaking on the Politics Show, responded by saying that the Mediterranean countries should leave the Euro.
‘The whole thing is failing.’ He said ‘It is going to break up’.
But actually both may well be right.
The Euro in its current form will almost certainly fail, but out of the ashes the French and Germans would create a new ‘Super-Euro’,
a more powerful Eurozone that does not have the weaker countries’ economies holding it back.
And that is the real danger for the UK.
http://www.economicvoice.com/brit...-heseltine/50025846#ixzz1eo9BgKFH


Banks Build Contingency for Breakup of the Euro     11/26/11
For the growing chorus of observers who fear that a breakup of the euro zone might be at hand, Chancellor Angela Merkel of Germany has a pointed rebuke: It’s never going to happen.
But some banks are no longer so sure, especially as the sovereign debt crisis threatened to ensnare Germany itself this week, when investors began to question the nation’s stature as Europe’s main pillar of stability.

On Friday, Standard & Poor’s downgraded Belgium’s credit standing to AA from AA+, saying it might not be able to cut its towering debt load any time soon. Ratings agencies this week cautioned that France could lose its AAA rating if the crisis grew. On Thursday, agencies lowered the ratings of Portugal and Hungary to junk.

While European leaders still say there is no need to draw up a Plan B, some of the world’s biggest banks, and their supervisors, are doing just that.
“We cannot be, and are not, complacent on this front,” Andrew Bailey, a regulator at Britain’s Financial Services Authority, said this week. “We must not ignore the prospect of a disorderly departure of some countries from the euro zone,” he said.
http://www.nytimes.com/2011/11/26...of-the-euro-zone.html?_r=1&hp


Prepare for riots in euro collapse, Foreign Office warns
British embassies in the eurozone have been told to draw up plans to help British expats through the collapse of the single currency, amid new fears for Italy and Spain.
http://www.telegraph.co.uk/news/p...ollapse-Foreign-Office-warns.html
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PostPosted: Tue Dec 06, 2011 3:32 pm    Post subject: Reply with quote

South Korea repeats warning on slowing economy
5 December 2011  - Seoul MarketWatch
South Korean Finance Minister Bahk Jae-wan on Tuesday repeated a warning about slowing growth for Asia's fourth-largest economy and
called for a decisive plan from the European summit later this week to quell the current global crisis.
http://www.marketwatch.com/story/...ing-on-slowing-economy-2011-12-05

New Zealand treasury cuts growth forecasts
4 December 2011  MarketWatch
New Zealand's Treasury cut its growth forecasts for the year ending March 2013 due to the European crisis.
http://www.marketwatch.com/story/...-cuts-growth-forecasts-2011-12-04

Mexican GDP outlook deteriorates, survey shows
5 December 2011  - Mexico City MarketWatch
The outlook for Mexican economic growth next year is worsening, while inflation expectations are ticking up for this year and 2012,
according to the results of a survey among private economists published Monday by Citigroup Inc. unit Banamex.
http://www.marketwatch.com/story/...eriorates-survey-shows-2011-12-05


Exclamation     David Wilkerson WARNED when Mexico goes, we're next     Exclamation
http://cj.myfreeforum.org/about16.html

*BA  I moved this here.  I want to keep the topic all together


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PostPosted: Mon Dec 12, 2011 11:03 am    Post subject: Reply with quote

Latvia Bank Run     December 12,  2011
Latvia largest bank is scrambling to contain a run among depositors fearing imminent collapse.
False rumors behind it that ATMs in Sweden were shut down, Swedbank operations in Estonia closed, and the bank Latvian chief executive has been arrested.
Swedbank said the bank is functioning normally and all depositors will have access to their funds via bank machines.
One large Latvia bank is being liquidated after regulators uncovered massive fraud.
http://www.cnbc.com/id/45637136
http://www.marketwatch.com/story/...hind-weekends-bank-run-2011-12-12
.



Last edited by CJ on Fri Dec 23, 2011 7:12 am; edited 1 time in total
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