(Zerohedge) Presented with little comment, courtesy of Diapason Commodities’ Sean Corrigan, NAPM Export Orders have plunged over 3 sigma in the last 3 months and have only dropped more (in history) immediately after the Lehman debacle. Decoupling anyone?
I have been saying this for some time, but the US *absolutely cannot* avoid the consequences of the European collapse in progress… we will feel it here – we already are, as the above article clearly demonstrates.
Ultimately, the global scope of the dysfunctional banking system, combined with the rise of corrupt multi-national mega-corporations will not allow any country to escape, but those worst hit will be those “deepest down the rabbit hole”…and that would include the US. It is going to be one ugly car wreck…and yet it is happening in such slow motion that even the fatalities get to witness the events unfolding. Yes, this is a grim observation, but what isn’t, these days?
Europe is collapsing - both financially and socially – and fascism is inflaming age-old issues of race and class which we have not seen since WW-II. the Middle East is about to burst into war for the third time in 12 years. Violence, strikes, and insurrection are rapidly rising in India and Southeast Asia again. China is collapsing beyond even their totalitarian government’s ability to conceal it. Russia is rapidly falling back into communism and violent corruption. Mexico’s gangs and cartels are in outright insurrection against all law and decency. The next round of sovereign defaults are already brewing in South America and Africa. It seems that there is no place on Earth where the greed, corruption, and market manipulating forces of evil, money-grubbing animals are not at work…
I believe we have reached the tipping point, in just the last month -
The lies in Europe are so threadbare that they can no longer conceal the truth of the Euro’s total and abject failure – the latest announcements about a solution had *no effect* on currency or equity markets, because no one is listening any more.
Here in the US, we’ve experienced the PFG (Peregrin Financial Group) implosion, seen a “rogue” JP Morgan trader destroy $Billions with high-risk derivatives bets, seen Liborgate revealed and are still learning how much damage that ultimately caused, and now we have seen another case of a “rogue algorithm” making several hundred million worth of “bad trades” in less than 45 minutes., resulting in the collapse of another reinvestment bank. Next, we may be about to witness the collapse of two of the worlds largest banks – Bank of America and/or Deutsche Bank. Watch these two closely, because even a “partial failure” of either one may be sufficient to bring burnt out shell of the banking system crashing down, worldwide.
In short, the global economy is absolutely at the breaking point. There are a dozen different “shoes waiting to drop”, when only one is needed as the trigger for a global, systemic, financial collapse – and there has never been a government in the modern history of the world that did not fall when its people were out in the streets, hungry, angry, and disillusioned.
At the same time, we face the prospect of entering a fresh war in the Middle East – a war with the real possibility of going nuclear in the worst case, and the increasingly plausible threat of some type of martial law invocation here at home.
If we make it to Election Day in November (and that is a BIG “IF”), then the election *WILL* be the last straw – regardless of who claims victory in our presidential race, there are enough residents of this country who will not accept the outcome, and will take to the streets. Across America, nerves are frayed, tempers are getting short, and bills are piling up unpaid. When all of that emotion comes out into the streets, violence will follow quickly.
Yes, I am saying that I expect to see violence in the streets of America REGARDLESS OF WHO “WINS” on November 6th. There is already way too much chatter in the air about Scytl, Obama’s “army of election lawyers”, and so forth from republicans, while the democrats are already turning up their rhetoric about “voter suppression” because of newly passed Voter-ID laws and other issues. NEITHER side is going to accept the victory of the other – just expect it to get ugly. Period.
Pray for the best, but plan for the worst.
WE HAVE BEEN WARNED