by Graham Summers Posted Tuesday, 11 October 2011
Here is the reality of the financial system today:
§ The European banking system is facing systemic collapse.
§ The US economy has rolled over and is in a confirmed double dip in the context of a larger DE-pression.
§ The Central Banks and regulators have admitted we are peering into the abyss and they have no clue what to do.
Yes, I believe that before this mess ends, the financial system as a whole will have collapsed. What’s coming is going to make 2008 look like a joke.
If you have yet to prepare yourself for what’s coming, now is the time to do so. Whether it’s by moving to cash and bullion, opening some shorts, or simply getting out of the markets altogether, now is the time to be preparing for what’s coming (remember, stocks took six months to bottom after Lehman… and that was when the Fed still had some bullets left to combat the collapse).
And if you’re looking for specific ideas to profit from this mess, my Surviving a Crisis Four Times Worse Than 2008 report can show you how to turn the unfolding disaster into a time of gains and profits for any investor.