13 August 2012

Waiting for the other shoe to fall

25 Menachem Av 5772

Do you feel like you're waiting for the other shoe to drop? Like something's coming and you just don't know which direction it's going to come from? Join the crowd.

(Hat tip Rav Yehuda)

Are The Government And The Big Banks Quietly Preparing For An Imminent Financial Collapse?

Something really strange appears to be happening. All over the globe, governments and big banks are acting as if they are anticipating an imminent financial collapse. Unfortunately, we are not privy to the quiet conversations that are taking place in corporate boardrooms and in the halls of power in places such as Washington D.C. and London, so all we can do is try to make sense of all the clues that are all around us. Of course it is completely possible to misinterpret these clues, but sticking our heads in the sand is not going to do any good either.

...from a recent Money Morning article....

Richard Duncan, formerly of the World Bank and chief economist at Blackhorse Asset Mgmt., says America's $16 trillion federal debt has escalated into a "death spiral," as he told CNBC.

And it could result in a depression so severe that he doesn't "think our civilization could survive it."

A former World Bank executive is warning that our civilization might not survive what is coming?

That is pretty chilling. ...It is almost as if a "perfect storm" is brewing.

See the full article
here along with this related one...

Warning: Get Your Money Out: “All Legal Bank Deposit Protections Are Now Officially Gone”


  1. what most people probably don't get is that "get your money out of the bank now" won't help you one bit.

    Just imagine what would happen a step further if no one could get their money out of the banks. Widespread chaos. Can't get your money out of a bank? No problem just rob a local foodplace, don't pay bills, etc. Do you think anyone is going to care about money at that point? There will be riots and at that point money will have no value whatsoever.

    That of course is just my opinion but i think it's pretty realistic. So in the end, the only thing we can do is trust in hashem to protect us and do teshuva so that our sins do not prevent us from being saved when moshiach arrives.

  2. And that's exactly what all these events are meant to do - bring us to teshuva.