Financial storm clouds of unprecedented intensity gathering on the horizon

“This is a time of total collapse where everything is lost. It is the time of the judgment of God. There will be epidemics and plagues and famine. Governments will be lost to foreigners; wise men and prophets will be lost.” -Chilam Balam

July 3, 2011 – If you thought the global financial crisis of 2008 was bad, wait till you sit through the sequel. The world should be preparing for some very difficult days ahead. An unprecedented financial storm of unknown scope and dimension is nearly upon us and we can only parlay the inevitable collapse of the global fiat ponzi scheme for so long. The U.S. Treasury floated the idea of a potential dafault in public for the first time only a few days ago and whether it was a political ploy to force U.S. politicians to raise the debt-ceiling or not- the fact remains that the U.S. is having an increasing difficult time financing the interest on its debt- let alone paying down the debt itself. A financial default by the U.S. could lead to the unraveling of the entire global economy in ways no one can foresee. It would be an economic calamity of biblical proportions. Every currency in the world and financial institution would likewise be at risk of collapsing or becoming seriously devalued. The shock of what this could do to civilization across the globe is frightening- martial law, anarchy, rioting, and war when countries will be stripped of their capital means of commerce and will have nothing left but bullets, stockpiles of war armaments, bombs and seething anger. Li Daokui, an adviser to the People’s Bank of China, said a default could undermine the U.S. dollar, and Beijing needed to dissuade Washington from pursuing this course of action. “I think there is a risk that the U.S. debt default may happen,” Li told reporters on the sidelines of a forum in Beijing. “The result will be very serious and I really hope that they would stop playing with fire.” –Daily Paul