I see an economic diasater coming...

[triffid]

Lloyd’s of London ABANDONS
European banks!
“Banks could be taken down,”
says Lloyd’s finance director.
Dear Investor,


Without warning, Lloyd’s â€" the world’s oldest insurance market â€"announced that it has withdrawn its money from European banks.
The reason? According to Lloyd’s, the banks are in danger of failing as Europe’s debt crisis continues to intensify.
The company’s Finance Director, Luke Savage, put it simply:
“If you’re worried the government itself might be at risk, then you’re certainly worried the banks could be taken down with them.”
Which European governments is Lloyd’s talking about? They’re not saying. 
But it IS interesting to note that Lloyd’s didn’t just withdraw its money from Greek banks; it withdrew its money from banks all over Europe!
One thing you can be sure of, though:
When the world’s oldest insurance company ...
A firm that for 323 years has made its living by accurately calculating the odds of future disasters ...
When that company suddenly takes its money and runs, it’s a MASSIVE red flag for investors â€" a clear sign that the beginning of the end is near!

Lloyd’s has every reason to worry. In addition to the government debt crisis that’s threatening to destroy European banks, a huge credit crisis is spreading across the Continent as well.
Spanish and Italian banks are rejecting massive numbers of loans and charging customers more as the sovereign debt crisis continues to drive their own borrowing cost higher.
Any way you look at it, this shrinking of European credit markets is the worst kind of downward spiral:
The government debt crisis is making it harder and more expensive for banks to borrow money; the banks are passing those higher costs along to borrowers.


Corporations have to pay more to borrow; their cost of doing business is rising.
Consumers can’t or won’t borrow at higher rates, so corporate earnings plunge.


As corporate earnings evaporate, the taxes they pay also plummet.


Falling tax revenues cause the government’s deficits to explode higher, driving the banks’ cost of borrowing even higher.
And so, the death spiral continues ...
My urgent online video
will show you what to do right now ...
If you think Europe’s woes aren’t going to spill over onto our shores â€" THINK AGAIN!
In fact, we believe that the U.S. is about to get slammed harder than it did by the financial crisis of 2008.
That’s why we created a shocking new video on this crisis: To help you prepare immediately ... and to show you how to profit handsomely from these rapidly-unfolding events.

[triffid]

Once again this is one of the 20 newsletter offers I get a month predicting that something terrible is going to happen but they can fix it for me if I only subscribe to their newsletter and do as they say.I did not check the price yet.But you can listen to Alex Jones for free on u-tube and he tells you what the elite 131 people and families have in store for the world.They are drying up the credit.Nobody can borrow money to the point the world and usa economy goes into a freefall.So lloyds of london is just another step in the process.Make everybody live in fear!triffid

[the_big_m_in_ok]

Once again this is one of the 20 newsletter offers I get a month predicting that something terrible is going to happen but they can fix it for me if I only subscribe to their newsletter and do as they say.

I think I said in this thread that there was an organization involving a financial analyst who predicts the same collapse I do.   He has a multi-part YouTube Video presentation covering his basic projections.   (He'd like money for more specific recommendations.)

His answer?   More buying of gold and speculating on the economy!!!   No storing of food.   Maybe he thinks it's not really as bad as others know it'll get.



The Wall St. protests gained students and union members on Wed in NYC.   This movement is growing because people are pissed at what's happening to their lives!  Rightly so!

--Lee

[triffid]

Yesterday Steve Jobs of Apple passed away.Today hes being honored all around the world.I heard today that the company Apple has more cash on hand than the us treasury.Also that his personal wealth was 7 billion.
I wonder if he ever knew of vitamin b-17?Something that could have saved him?I have another friend today who has breast cancer and I am trying to teach her about b-17.I am trying to get her to eat seeds containing b-17.triffid

[triffid]

Lee,I understand the frustration of constantly being told to buy gold as a solution to ones financial ills.I first saw it in the 1970's.With hindsight I never really had to buy it just get it out of dumpsters when it was scrap gold and store it somewhere until 2010.Process it and sell it.If I don't want to process it myself I could hire someone else to do it.Back in the 1980s I had no one to tell me the amounts of gold per lb of scrap like I do now.Today I have the internet to tell me that.You can still buy packs of cigs and bars of soap to use for barter
Some would say ammo too but I would stick with bars of soap.Cigs are bad for your health and ammo leads us down a dark path too.Cans of food could be used for barter too.But you are better off with a piece of ground somewhere raising your own food.You barter your food away then you go hungry too.triffid