‘International Monetary Fund Managing Director, Christine Lagarde, has called for Eurozone countries to hand over more of their sovereignty to the European Union Superstate and the international banking system. In order to save the centralized bureaucracy from complete collapse the former lawyer wants bailout decisions to bypass Governments, with money going directly to failed banks.

After yesterday’s IMF-led conference in Luxembourg, finance minsters of countries using the Euro currency were informed that so called emergency bailout packages should be a process between the unelected EU suits and the private banks themselves, rather than the elected leaders of countries that are in crisis. She suggested that the current system is causing a “negative feedback loop” where Governments go directly in to national debt to bail out banks that operate in their countries.

While this is technically true the idea that some debt burden will be lifted by cutting out the middle man is nothing more than an accounting mirage and fails to address the legitimacy of the debt itself. Under the EU system “we’re all in this together”. If for example the Spanish Government didn’t bail out Bankia earlier this year, and instead the bank was given a direct cash injection from the EU emergency fund, the debt burden on taxpayers within the Eurozone isn’t lifted, it’s just spread around between member states. It’s a control mechanism that keeps power centralized under the EU and the international bankers. EU countries struggling with their own national debt problem caused by borrowing too much from bankers, pledge money they’ve borrowed from bankers to bail out banks in countries that are struggling to pay back bankers they’ve borrowed from. Which ever way you slice it, bankers are the ones sitting atop the system.

The collapse of the Euro was caused by a combination of fraudulent investment banking practises, and in order to save it, power is being centralized further so money can be given directly to reckless and fraudulent banks.’

‘The US financial system and, probably, the financial system of Europe, like the police, no longer serves a useful social purpose.

In the US the police have proven themselves to be a greater threat to public safety than private sector criminals. I just googled “police brutality” and up came 183,000,000 results.’

‘When civilizations start to die they go insane. Let the ice sheets in the Arctic melt. Let the temperatures rise. Let the air, soil and water be poisoned. Let the forests die. Let the seas be emptied of life. Let one useless war after another be waged. Let the masses be thrust into extreme poverty and left without jobs while the elites, drunk on hedonism, accumulate vast fortunes through exploitation, speculation, fraud and theft. Reality, at the end, gets unplugged. We live in an age when news consists of Snooki’s pregnancy, Hulk Hogan’s sex tape and Kim Kardashian’s denial that she is the naked woman cooking eggs in a photo circulating on the Internet. Politicians, including presidents, appear on late night comedy shows to do gags and they campaign on issues such as creating a moon colony. “[A]t times when the page is turning,” Louis-Ferdinand Celine wrote in “Castle to Castle,” “when History brings all the nuts together, opens its Epic Dance Halls! hats and heads in the whirlwind! Panties overboard!”

The quest by a bankrupt elite in the final days of empire to accumulate greater and greater wealth, as Karl Marx observed, is modern society’s version of primitive fetishism. This quest, as there is less and less to exploit, leads to mounting repression, increased human suffering, a collapse of infrastructure and, finally, collective death. It is the self-deluded, those on Wall Street or among the political elite, those who entertain and inform us, those who lack the capacity to question the lusts that will ensure our self-annihilation, who are held up as exemplars of intelligence, success and progress. The World Health Organization calculates that one in four people in the United States suffers from chronic anxiety, a mood disorder or depression—which seems to me to be a normal reaction to our march toward collective suicide. Welcome to the asylum.’

‘If you enjoy watching financial doom, then you are quite likely to really enjoy the rest of 2012.

Right now, red flags are popping up all over the place.  Corporate insiders are selling off stock like there is no tomorrow, major economies all over Europe continue to implode, the IMF is warning that the eurozone could actually break up and there are signs of trouble at major banks all over the planet.

Unfortunately, it looks like the period of relative stability that global financial markets have been enjoying is about to come to an end.  A whole host of problems that have been festering just below the surface are starting to manifest, and we are beginning to see the ingredients for a “perfect storm” start to come together.

The greatest global debt bubble in human history is showing signs that it is getting ready to burst, and when that happens the consequences are going to be absolutely horrific.

Hopefully we still have at least a little bit more time before the global financial system implodes, but at this point it doesn’t look like anything is going to be able to stop the chaos that is on the horizon.

The following are 22 red flags that indicate that very serious doom is coming for global financial markets….’