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Thursday, August 4, 2011

8/4/2011 - THE GREATEST DEPRESSION ON RECORD

 THE GREATEST DEPRESSION ON RECORD

The ball is unraveling… The West woke up this morning to find Italy on its death bed... They’ve closed their market and declared a “market holiday.”

Spain is now on life-support, postponing their next bond auction to September… 

The DOW is down -300 points as I write this…

While it's is currently down thanks to margin calls triggered by today's chaos, Gold is hitting new record highs daily on it’s way up to $1,700, then $7,000+ 

400,000 American’s are currently filing for unemployment benefits per week… 

Two of the most prominent stock investors just issued “Alerts” to all of their paid members over the past 60 minutes, advising them to sell ALL US based assets America and the world are drowning in debt, and their only solution is to print more money. 

When the only option you have left is to go into more debt in order to pay off old debt, the game is over. 

This is the very definition of a Ponzi-Scheme, and it is about to come crashing down, sending the world into the “Greatest Depression”, and finally war… Today’s events are simply a small preview of what’s to come, and when that time arrives, (which is now sooner, rather than later), it will be too late…
Are we heading into the big one? WWIII. What's going to save us? If there's an economic collapse major war will be inevitable - West vs East.  The markets are yelling for QE3 and as soon as the markets speak BUBBLE ben bernanke obeys and throws the market more QE3, so if tomorrows jobs number misses the mark and the markets fall apart again I think by next week BUBBLE ben bernanke will have something in order to rally the markets!







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