Many economists and analysts have been warning of a Global Financial collapse is just up ahead. As 2012 draws to a close a number of those well known names have risked their reputations and predicted what lies ahead in 2013. I have pieced together some of those predictions.

[1]Jim Willie writes of a Gold Standard as a solution to the crisis nations find themselves in as the system collapses. 

The arrival of the Gold Standard as the solution is being slowly manifested in the form of a gold-core trade settlement system, which will drive a global Gold Standard. The new system will dictate bank reserves practices, and render the USTBond as a rejected toxic paper relic. It should arrive early in 2013. In the process, the Western nations will become impoverished, as they desperately cling to the failed system. Anger will rise. Disorder will prevail. The USDollars inside the United States will be trapped, then devalued as the public watches in shock. The power will shift East inevitably, with the shipment of Gold. A new era will begin.

BusinessInsider wrote of [2]Geralde Celente’s (23 Dec 2012) view ahead.

Gerald Celente, the popular trends forecaster of Trends Research, cites the work of a former Treasury official and warns that the bonds are in a massive bubble that will burst in 2013 in what will be a financial collapse like nothing we’ve seen before.

He recently spoke about it in an interview with King World News:

“This piece is being penned by Dr. Paul Craig Roberts, the former Assistant Treasury Secretary under Ronald Reagan.  And he is convinced that the bond bubble is about to burst.  This cannot continue to go on the way it is.  Everyone knows that the whole game is rigged, and so is this….

The whole game is rigged.  It’s ready to go down, and Dr. Paul Craig Roberts believes it’s ‘Bonds Away’ in 2013 as the bond bubble explodes and brings about a financial disaster even worse than the Great Depression.

Because the whole world is being propped up by these phony bonds and it’s going to collapse.  It has to happen.  Interest rates are going to start going up, and when they do the bond bubble explodes.  You cannot keep interest rates at zero for this amount of time and expect anything other than disaster to follow.”

[3]Jim Rogers expects based on the US having a recession every 4 years and the existing debt is so high that 2013 is going to be a disaster and for everybody to be very worried. For interview on MoneyNews click here.

be very worried about 2013 be very worried about 2014, because that’s when the next slowdown comes. In 2002 we had a recession in 2008, it was worse because the debt was so much higher, it is going to be even worse because the debt is so staggeringly high now. So if you are not worried about 2013, please get worried

Max Keiser on an interview (Aug 2012) on the Alex Jones show gave a timeframe of April 2013 at the latest.

April 2013 at the very latest when those tax receipts in the US will be spectacularly short.

. Goto 32 min

[4] Marc Faber sees 100% chance of Global Recession.

Dr. Marc Faber the Swiss fund manager and Gloom Boom & Doom editor is still expecting a global recession in 2013 when the economies of the world could take a hit from negative developments.

Speaking to CNBC‘s Closing Bell on Thursday, Faber still sees a 100% chance the world heads into recession, echoing a call he made in May, as he simply can’t see where growth will come from.

“If you look at the world, essentially Europe, the US, China and emerging economies that depend heavily on China, Europe is already in recession, the German economy is still growing slightly but likely to go into recession, the other economies are already in recession. The US has decelerated and I don’t see much growth in the next 6-12 months,” he said.

…….

When taken in concert, all the economies of the world could take a hit from these negative developments, he reckons. “I think we could have a global recession either in Q4 or early 2013.” When asked what were the odds, Faber replied, “100%.”

Is there anything the Fed or the Treasury can do, i.e. more quantitative easing?

“If you look at the injections of liquidity and the interventions by the Fed and also by the Treasury with fiscal measures over the last 15 years, [the measures] have actually already impoverished the U.S. economy,” he said.

John Williams (shadowstats.com) sees hyperinflation by 2013/2014

the economy is not going to recover. They are going to have to buy increasingly more and more as it does so the treasuries actually add to the increase of the money supply and that adds to the inflation pressures from there. where i see the risk and  where i see the trigger here from moving into a hyperinflationary circumstance in the next year or two. By 2014 is the outside timing I put on it. Very simply is a panic decline in the dollar.

See 12:40 min

[5]Peter Schiff has been bullish on gold and has been proved right down through the years. Schiff has also be very vocal in criticising the state of the US economy and has predicted a US Treasury collapse in 2013.

Market-Crushing Treasury Collapse To Hit Around 2013 , Peter Schiff expects the coming crisis to blow the 2008-9 financial crisis out of the water.“The more you delay it,(The FED’s ultra-loose monetary policy ) the bigger it will be,” “so we need to raise interest rates during the recession to confront the inefficiencies.” Peter Schiff told Forbes in a phone interview – via Forbes

[6]Michael Kreiger in an article on ZeroHedge (Oct 2012) believes 2013 is when the US finally experiences similar problems to the EU as the fiat dollar ponzi system comes to a boiling point.

As Nixon’s Treasury Secretary John Connelly said when confronted by a group of European Finance Ministers: “it’s our currency, but your problem.”  At the time he was correct, as we were at the very beginning of the fiat dollar standard.  41 years later the system is in its final days and our currency is about to become our problem as well.

There were always going to be massive consequences to keeping this ponzi alive.  What is extremely unfortunate is the small number of U.S. citizens that actually understand specifically that the root of every problem we face right now is the fiat dollar monetary system, because it gives all the power in the country to the Federal Reserve and the TBTF banks that tell Banana Ben Bernanke what to do.  Since 2008, many of the consequences of the fraud called American Crony Capitalism Inc. have been clear, but it has yet to hit the boiling point.  I believe that the boiling point will be hit sometime within the next six months, and 2013 will see the streets of America  beginning to look a lot like the streets of Spain and Greece.

Nobody sums it up better than this interview of Nicole Foss (Automatic Earth) on interest.co.nz of what lies ahead.

Potential Collapse scenario 1

Potential Collapse scenario 2 (Jim Rickards)


Sources:

[1] SilverDoctors,

[2] BusinessInsider,

[3] Jim Rogers,

[4] Lewrockwell,

[5] peterschiffchannel.blogspot.ie,

[6] ZeroHedge

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