Analyst's note:  We can hope they are wrong, but hope alone is not going to be enough if their warnings are correct.

Item #1

Strap Yourselves in: Jim Rogers Explains Why We Are Going to Have ‘Financial Armageddon’

posted by Beckett Adams with The Blaze

Leaders of the 17-nation eurozone announced on Friday a plan to rescue their failing banks with cash normally reserved for fledgling governments. When the “recapitalization” (i.e. bailout) plan was unveiled, markets responded very, very well.

However, despite the positive market reaction, at least one veteran businessman thinks the deal is a big mistake. In fact, he thinks it’s only making things worse. According to Quantum Fund co-founder, free market advocate, author, and regular lecturer of finance at the Columbia University Graduate School of Business Jim Rogers, the EU’s decision to recapitalize its banks won’t do anything to fight off the oncoming “financial Armageddon.”

“Just because now you have a way to get [EU governments] to borrow even more money, this is not solving the problem, this is making the problem worse,” Rogers said during an interview on CNBC on Friday.

“People need to stop spending money they don’t have. The solution to too much debt is not more debt. All this little agreement does is give them (banks) a chance to have even more debt for a while longer,” he added.

Rogers went on to argue that the deal does very little to improve the finances of crumbling nations such as Greece and Spain, adding that governments need to stop coming to the rescue of failing banks, even if it results in “financial Armageddon.”

“What would make me very excited is if a few people went bankrupt or a few people started paying off their debt. We are going to have financial Armageddon anyways, when the rest of the world is not going to give these people any more money,” he said.

 Item #2

Watching the Clock: Will a Total Economic Collapse Occur in September-October?

Posted By Contributing Author by SHTFPlan.com On June 28, 2012 @ 3:45 pm 

This report has been generously contributed by SGT Report ^[1]. 

People like to ask about dates. “When do you think the collapse will happen?” they ask. What are your thoughts on the Mayan calendar? How ’bout December 21st, 2012? 

Most of us informed and awake folks aren’t interested in trying to predict specific dates. That’s an art best left to Nostradamus ^[2]. That said, highly respected truth tellers James Turk and John Williams have both tied dates to predictions. In an interview with James Turk he told me that he thinks we will see $400 silver and $8,000 gold some time between 2013-2015 ^[3]. And John Williams firmly believes the die has been cast for hyperinflation in the United States, likely beginning in 2014. 

Over the past 48 hours we’ve stumbled across three separate pieces of information, all predicting essentially the exact same thing regarding a fall 2012 economic collapse. Serendipity or coincidence, it’s information I want to pass on. As always, discussion is welcomed below. 

The first warning is from a St. Louis based police officer who called into the Alex Jones radio show on Sunday, June 24th. The second warning comes our way via the Silver Doctors. And the third came today from unflappable Director of UBS Floor Operations Art Cashin. All three warnings are presented here for your benefit and consideration:

The first warning came our way via the Sunday broadcast of the Alex Jones radio show. Jones announced that he only wanted to take calls from members of the military or police. A man identifying himself as a police officer named ‘Jim’ called in to report some startling information. 

“We have been told that in October we need to be prepared for an event that will require us to use air and ground support, in conjunction with the military here.”

During the call Jim comes across as passionate, sincere and very shaken by the information he tries to share. After the commercial break, Jim gets choked up as he tries to convey his appreciation for what Alex Jones has tried to do in terms of waking people up in the effort to save the Republic from the clutches of the forces seeking to destroy it.

Now, nearly in tears, Jim concludes by saying “This country’s dead Alex. It’s gone” before unexpectedly hanging up. 

Here’s the entire call including the head of the show with the date of the broadcast for posterity’s sake. I edited out the commercial break, and posted this call on my backup You Tube channel SGTreport ^[3].

Warning 2 from Silver Doctors ^[4], on Monday:

LEAP/2020 has issued a RED ALERT for the Western banking system, stating that Europe’s hour of payment has arrived, and compares the next two months to the Israelites circling Jericho for 7 days prior to blasting the trumpets. LEAP/2020′s red alert states the Western banking system’s trumpet blast will occur in September or October. 

The seven blasts of the trumpets of Jericho marking the September October 2012 period will cause the “Dollar Wall’s” last sections and the walls which have protected the world as we know it since 1945 to collapse. The shock of the autumn 2008 will seem like a small summer storm compared to what will affect planet in several months.

The third warning comes by way of Art Cashin and Zero Hedge ^[5] on Tuesday morning: 

While Europe is dominating headlines this week, UBS’ Art Cashin suggests “mark your calendar and cross your fingers” as he notes the disproportionate prevalence of events that occur in September. Focusing on The Economist’s Greg Ip’s recent post on a possible seasonal pattern in banking crises, via this recent Reinhart & Rogoff extension paper by Laeven and Valencia ^[6], he notes: “The frequency with which the world goes to hell in September seems hardly random.” Unfortunately the authors provide no explanation for this beyond observing, “An interesting pattern emerges: banking crises tend to start in the second half of the year, with large September and December effects.”

No one can possibly know exactly when the death of the Western fiat banking system will occur. We just know that it will collapse – it cannot be stopped. And increasingly it looks like it will happen sooner rather than later. 

This is not fear porn. It’s the reality of the dire times we now find ourselves in. Take heed, and prepare the best you can.

We are all in this mess together.

Article printed from SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You: 

URL to article click here: 

URLs in this post:

[1] SGT Report: 

[2] Nostradamus: 

[3] $400 silver and $8,000 gold some time between 2013-2015: 

[4] Silver Doctors:

[5] Zero Hedge: 

[6] this recent Reinhart & Rogoff extension paper by Laeven and Valencia: