‘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.’

‘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….’

‘If suicide is a measure of a society’s health, the Eurozone is getting sicker by the minute. The rate of people taking their own lives is soaring in Europe at such a clip that the trend has given birth to a new media term: “Suicide by economic crisis.” How has it come to pass that people would rather die than be subjected to the pain imposed by global elites?’

‘Before Greece and Portugal, it was Iceland that chilled investors. Now the country’s finances are recovering and its bonds are turning into a lucrative investment.

­Fitch has upgraded Iceland’s sovereign credit rating from BB+ to BBB- with a stable outlook. The rating agency lifted “the junk bond status” saying the country’s “unorthodox crisis policy response has succeeded.”

In 2008 Iceland faced the worst financial crisis in its history as three leading banks defaulted under the weight of huge foreign debt. As it became clear the default were inevitable Iceland’s government nationalized the banks, while foreign creditors were left holding the bag.’

‘The world economy is on the brink of a crisis that will end modern civilization as we know it.

Nations, or I should say banking colonies, will collapse left and right. Global poverty and unemployment rates have risen to levels that are socially and economically unmanageable under the current global financial, political, and bureaucratic system which favours the few at the expense of the many.

It is fitting that the collapse of Western Civilization is beginning in its ancient cradle, Greece. This great nation has fallen to the banksters who are behind the despotic new world order.’

‘The people out there that believe that the U.S. economy is experiencing a permanent recovery and that very bright days are ahead for us should have their heads examined. Unfortunately, what we are going through right now is simply just a period of “hopetimism” between two financial crashes.

Things may seem relatively stable right now, but it won’t last long. The truth is that the financial crisis of 2008 was just a warm up act for the economic horror show that is coming. Nothing really got fixed after the crash of 2008. We are living in the biggest debt bubble in the history of the world, and it has gotten even bigger since then. The “too big to fail” banks are larger now than they have ever been.’

‘The warning signs are all around us. All we have to do is open up our eyes and look at them. Almost every single day there are more prominent voices in the financial world telling us that a massive economic crisis is coming and that we need to prepare for the worst.

On Wednesday, it was the World Bank itself that issued a very chilling warning. In an absolutely startling report, the World Bank revised GDP growth estimates for 2012 downward very sharply, warned that Europe could be on the verge of a devastating financial crisis, and declared that the rest of the world better “prepare for the worst.”’

‘Greece has been laboring under austerity imposed by the EU, IMF and the ECB and as a result their deficit for the first half of the year rose to $21.4 billion from $17.3 billion. Needless to say, tax revenues have fallen off a cliff and as a result the Troika has mandated further cuts in order to offset revenue loss. This is a never ending story, because when all is said and done the economy will be all but dismantled, that is what economy existed in the first place. As a result unemployment worsens and that provides more demonstrators in the streets.

Those lower tax receipts mean more government layoffs. As a result of these and other problems Greek projections came up about 25% short of projections. These nebulous announcements by key players certainly did not justify major rallies in stock markets. Economic numbers in Greece are dreadful and in the UK, US and Europe they are only marginally better. It is obvious the world is slowing down.

Very disturbing is that the Fed, other central banks; governments and financial communities have no idea as to how to end the ongoing financial and economic crisis. All they can come up with is to throw money at the problem, which has not worked and extending the timeline has solved nothing. As a result the world is headed into a further fall into depressionary inflation. Virtually everyone in the financial sector in the US, UK and Europe are clamoring for more issuance of money and credit, now known as quantatiative easing.’