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Peter Schiff: This Is Going To End Badly Much Worse Than 2008

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Peter Schiff counters the MSM cheerleading for Bernanke and irresponsible money printing. The end is on the horizon and will be much worse than 2008.

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TYT: Financial Armageddon – Swaps Redefined As Futures

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Wall St Rumor: Major Financial Institution To Crash. Could It Be Morgan Stanley?

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Its beginning to sound like 2008, with Bear Sterns and Lehman Brothers all over again. The signs all there, and a report from Beacon Equity Research suggests that Morgan Stanley could be the one to watch.

Recently we had the following reports.

Big money flows out of financial stocks by key financiers like George Soros and John Paulson were reported just last week and tens of billions of dollars have been withdrawn from the European banking system since Spring. The government for its part, has taken steps to lock down the banking system so that not only can customers no longer withdraw funds from money market accounts in the middle of a panic, but a recent federal court case set a new precedent that has essentially given the go ahead for banks and investment firms to use segregated customer deposit accounts to engage in highly risky trading strategies without the threat of ever being prosecuted.

..but Beacon Equity Research which analyises Wall Street chatter has pointed the figure at Morgan Stanley as possibly being on the verge of pulling a Bear Sterns.

Now, a report from analysis firm Beacon Equity Research suggests that there is an unusually high amount of chatter on Wall Street surrounding the possibility of another major financial collapse in the making. When the Department of Homeland Security or other intelligence services hear chatter they often raise the terror alert level, deploy federal SWAT teams and go on complete lock-down.

Thus, we should consider this latest piece of intel from those with their fingers on the pulse of Wall Street as a potential game changer:

Here is a piece from Beacon’s report:

With the stock price of Morgan Stanley (NYSE: MS) inches from its Armageddon lows of Oct. 2008, whispers of the imminent overnight collapse of this U.S. broker-dealer begin to surface.  Client funds, again, are at risk.

“I’m hearing rumors that another major financial house is going to implode,” says TruNews host Rick Wiles.  In fact, the name I’ve been given is Morgan Stanley . . .

“It’s going to be put on the sacrificial alter by the financial elite.”

Beyond the evidence of a teetering stock price—Morgan Stanley’s troubles may never go away—leading to bankruptcy, if traders can glean anything from the financial activities of front-running insider George Soros, the man who warned in Jun. 2010 that the global financial crisis has entered “act II.”

Adding to the speculation of a Morgan Stanley collapse, Bloomberg coincidentally pens an article on Aug. 23—the following day of the TruNews broadcast—in which the author Bradley Keoun recounts the dark days of Morgan Stanley at the height of act I of the financial crisis in 2008.

“At the peak of Morgan Stanley’s Fed borrowings, on Sept. 29, 2008, the firm reported that liquidity was ‘strong,’ without mentioning how dependent its cash stores had become on the government lifeline. . .” states Keoun.

But here’s where strong advice from Trends Research Institute founder Gerald Celente and former commodities broker Ann Barnhardt should be heeded.  Both consumer-friendly analysts implore investors and savers, alike, to withdraw from the financial system, warning that allocated brokerage accounts are not truly allocated.

Regulators were asleep at the switch in the cases of MF Global and PFG Best, both filing bankruptcy post 2008, taking customer funds with them to the financial grave.  Why not Morgan Stanley?

“They don’t give you the information to be able to decipher whether they have changed anything,” adds Hurwich.

Why an establishment cheerleader such as Michael Bloomberg would allow an article which serves to remind investors of Morgan Stanley’s financial problems at this time may lend some credence to Rick Wile’s sources, who hear chatter about the impending doom of Morgan Stanley.

The timing of the Bloomberg article is no coincidence.  Michael Bloomberg is only doing his part for the global banking cartel by tipping off that Morgan Stanley is ready for the “sacrificial alter.”  Get your money out.

Source: Beacon Equity
Via: Woodpile Report, Steve Quayle 

The following point is well made. Although rumours can be damaging and irresponsible, you also need to protect yourselves as the people you have charged to do this role have constantly disappointed.

We can make predictions or forecasts based on rumors and news, and often times we’ll be berated for acting to protect ourselves based on this information. Often, even rumors and chatter have been responsible for driving a particular stock or market up or down, so the very news itself, whether true or not, may set the ball in motion.

But, the fact of the matter is that neither the SEC nor Ben Bernanke nor Tim Geithner nor the White House nor mainstream financial pundits nor Wall Street insiders will ever tell us ahead of time that billions of dollars of our wealth is about to be wiped out.

We will only find out after the fact.

You’ve now heard the rumor. You’ve been following the news. The decision is in your hands.

Source: shftplan.com

Related Post: Jim Willie – Morgan Stanley Faces IMMINENT FAILURE & RUIN, May See 1st Private Stock Account Thefts

John Williams, ShadowStats: Hyperinflation is Coming

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Interview with John Williams from ShadowStats giving his opinion that Hyperinflation is coming by 2014. His gives a good sumation of where the US is right now and where he sees it going.

Oil Prices To Collapse in 2012 Like 2008 – Chris Cook

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Chris Cook gave an interview today on Max Keiser show. Check out the 2nd half of the show for interview. In it Chris predicts a collapse of oil prices in first 6 months of 2012 just like a similar collapse in 2008 when it went from $147 to $35 dollars per barrel. He made an interesting point that investors and hedge funds were buying oil contracts because they didn’t want to hold dollars. A few of the points covered are:

Selling oil today and lease back in a months time.

Oil market entirely corrupted.

People are buying long-term to avoid a loss because they didn’t want to hold money in dollars.

For article written by Chris Cook and full explanation of his view checkout theoildrum.com

Timothy Geithner and Goldman Sachs

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Timothy Geithner never formally left the New York Fed, here he is squirming over questioning by Marcy Kaptur over his links with Goldman Sachs during the 2008 crisis.

Jim Rogers Says 100% Chance of Crash

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Jim Rogers as reported in investmentweek.co.uk has said

he is 100% sure the world will face another financial crash prompted by the eurozone debt crisis, adding this time it will be worse than 2008’s collapse.

The interview was given to CNBC and Jim went on to say:

the upcoming crisis could be worse than the Lehman Brothers collapse three years ago due to astronomically higher debt levels in economies.“In 2002 it was bad, in 2008 it was worse and 2012 or 2013 is going to be worse still – be careful,” he warned.

“The world has been spending staggering amounts of money it does not have for a few decades now, and it is all coming home to roost.

“We are certainly going to have more crises coming out of Europe and America; the world is in trouble.” said Rogers.

He said borrowing more cash to fix the problem was no longer a solution for indebted nations.

“Last time, America quadrupled its debt. The system is much more extended now, and America cannot quadruple its debt again. Greece cannot double its debt again. The next time around is going to be much worse,” he said.

Rogers told CNBC he believed the only solution to the global financial crisis was to allow “everyone to go bankrupt”.

“Get everyone in a room and decide you will go bankrupt. You will survive and we are going to ring-fence you. We will make sure your cheques clear. Everyone’s deposits are going to be ok, the system is going to survive,” he said.

However, he warned letting Greece leave the euro would be a disastrous decision because the country would go back to its “same old ways”.

“They would start printing money, no one would lend them money and inflation would go through the roof. The Greek economy would get worse and worse. That is not good for Greece and it is not good for the world.

“It would be better off if we can hold the euro together and reorganise. People are bankrupt and when people are bankrupt you might as well face reality.”

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