European debt crisis explained in 3 minutes

John Clarke and Bryan Dawe calculate the cost of the European debt crisis. It may seem hilarious but this is exactly what's transpiring. Without all the financial jargon used to confuse, any layman can understand what is happening in today's global bailout / ponzi economy.

Main Question:

How can broke economies lend money to other broke economies who haven't got any money because they can't pay back the money the other broke economies lent to them and various other broke economies??? Bottom line: none of this money should have been lent in the first place, because no one can pay pay it back, but that's OK we shall fix it by throwing more unpayable money at the problem... yea, that makes sense - right?

Weekend funnies - 29 May 2010

Click any image to enlarge - Enjoy!

Short-term Bottom in Gold

We’ve got a short-term bottom in gold. Yellow metal should now be preparing for yet another new record high. No surprise — the deteriorating fundamentals … the sovereign debt crisis … the plunging euro … North and South Korea … stock market slides … and more — are all positive for gold.

See short video and chart discussion at link:

http://www.uncommonwisdomdaily.com/

Gerald Celente : Financial Armageddon 2.0

$11T of Gvt injection and backstop money has merely delayed the collapse. Capitalism is now dead and has been replaced by Fascism... Many countries will collapse - defaulting on their sovereign debt and the US will be no different. A looming bank holiday, another 9/11 style attack and a global war are all likely in our future.

Author and Peak Oil Activist Michael Ruppert

Very powerful 21 May interview with Michael Ruppert, author of Confronting Collapse. Ruppert speaks of our dire economic condition, society's complete dependence on oil and the tangible steps required to confront the grave global realities standing at our doorstep - to include:

- Massive unemployment
- Disapearing State pensions
- More bailouts
- Massive monetary printing
- Gvt a servant of the Fed Reserve
- Far reaching implications of our current Gulf Oil crisis
- Chinese bubble

A few of his Major Concerns / Predictions

- Coming $200BBL Oil
- Dow 4000 in 2010
- Civil unrest
- Hyperinflation
- Complete breakdown of the US and Industrialized world

Suggest you skip to 6 minute point to start...

BTW: I know this is a long clip (~90 mins), but it's well worth your time. Suggest you save it to favorites and listen to smaller portions when time becomes available.

***Warning*** this video will likely scare the ____ out of you.

Hat tip JB

Gerald Celente interviewed by Max Keiser

Celente's candid interview releates back to some of the same issues we heard William Engdahl address earlier in the week; the markets are rigged - financial warfare. However, Celelene takes it a step further and says the people are finally waking up to these issues and are becoming fed up with the group of Harvard / Yale crooks who run the system for their own benefit. This frustration will soon lead to an "off with their heads" mentality directed against this elite body of folks who run the "fixed" game.


Part 1




Part 2

Link


Part 3

Link

Weekend Funnies, 22 May

Click any image to enlarge - enjoy!