[How I Look When I've Been In A Fight]
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The Edge
Of The Abyss And Going In To It !
Time Is Up!

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Zager & Evans

Kong Sez:

Economic historian, Dr. Gary North, writing in his
Reality Check online newsletter
February 17, 2009,

Believes that the banking system of Europe

"Is at the edge of the abyss."

[On The Edge of The Abyss]

"The Looming Collapse of European Banking" points out that last week, many stories appeared in online newpapers detailing the state of Europe's banks and estimating their losses at 13.7 trillion Euros, or the equivalent of 25 trillion dollars.

Then, this week, North went back to reread the stories and discovered the figures were missing, along with any hints that a collapse might be imminent, and the dire language used in the stories has now been considerably watered down.

According to North, "Ministers and officials have got the picture. They are facing a breakdown of Europe's economy."

North reasons that the original stories must have been true, because: "The response of the British government was swift: to demand a revision of the original article. This tells me the article was true."

He also notes that "Russia is going belly-up. It will have to liquidate most or all of its reserves of Western currencies."

Furthermore, "Central banks will inflate to keep any major bank from collapsing. But the trend is ominous. Russia and Eastern Europe are gonners. European banks that lent to them are, too. So is the purchasing power of the Euro -- and maybe even the actual Euro."

North's conclusion is even more ominous, and we would do well to heed his words:

"The west's economy really is at the edge of a leveraged disaster. The politicians know only one answer: deficit spending. The central bankers have only one signicant tool: monetary inflation. The speed of events is increasing.

"The markets don't reflect this yet. This gives time to a few people to get out. But the vast majority cannot get out. There are too few escape hatches open."

There's A Bad Moon On The Rise!

The Killing Mechanism Is Now In Place and Running.

There's A Bad Moon On The Rise!

[Running For Your Life]

In The Meantime

Run For Your Life

From now on, Folks, it's gonna get pretty rough! In fact, downright cussed.
Mr. Ugly Will Show Before Long.

But For Now...

[Running For Your Life]

Keep Running

Keep Your Purse and Scrip With You—Luke 22:36

And Now

Get Two Guns—Luke 22:36–38

Times in America will change rather abruptly.
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We Feel This Is Going To Be A Long, Hard Siege
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Other WebPages of Interest:

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Galactic Plane

Soon..The Rocks Will Fall...See The Galactic Plane

[When The Rocks Fall]
The Impact and Its Consequences

Ronking & Gronking In Distress
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[The Rocks Are Coming]

A City Being Stoned

[A City Being Stoned]

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