Major Global Financial Upheaval Underway? .... LINK

[Blackhatjack]

http://www.marketwatch.com/news/story/schultz-settles-apocalyptic-mode/story.aspx?guid=%7BCE9F808B%2DC32A%2D485E%2DBC35%2DE538C2F010CB%7D

A few thoughts after reading this linked article:

The 'interconnectedness' of world economies may have placed us all in financial peril the likes of which we have never experienced before.

As the price of oil skyrockets towards $200/barrel it stands to reason that just in time inventory systems and outsourcing of manufactured of goods will collapse as the costs to transport goods will outweigh labor and manufacturing savings. The same with food commodities?

When the flow of exports from China to the US slows, what will their position be in regard to the huge pile of US dollars they are sitting on?

And when gold becomes a defacto trading currency among nations, what will happen when huge gold reserves are dumped on the market?

There may be no place to hide and ride out the financial storm.

[mrdmk]

1. If a lot people have a low paying job or no job at all, finances become a bitch

Americans always seem to have a knack for pissin' other people off. We (that means everyone) must of really did it this time. People from around the world are going to mail our worthless greenbacks to us in taped-up shoe boxes. Maybe can get these folks to send these postings to 1600 Pennsylvania Avenue NW Washington, DC 20500 so they can have another accidental fire. Or better yet, have a cookout with John McCain.

The reality is, we are going through a planned shock treatment, and that shock treatment got way out of control. It was not supposed to blow out the country until the new President took over in January 2009. Now everyone in this country will know what it will be like to live in a third world country including the new President. Good-luck everyone!

This is a list of shock treatments:

Stolen election
The California Energy Outage
9/11
Afghan war
Iraqi war
Another stolen election
Katrina
Massive fires in the Western U.S.
Mississippi flooding (that may have an incidental oops!)
Food and energy prices going through the roof


P.S. The comments following the article posted by the O.P. are worth a read also.

[kickysnana]

2. They are already dumping IMF gold on the market to depress the price. n/t