But first, watch this video of a sinking ship and you'll get the idea of what I'm talking about here:
You back? OK. Well, the video is relative because, first; the passengers are oblivious to dangers coming (the passengers represent us "the people"). Second; when the ship started sinking, the captain and crew were splitting. The captain & the crew represent our politicians and bankers.
Not a pretty picture. People going along, as usual, in their ignorant bliss. The "leaders" knowing full well what's going on but trying to get out with what they can, while they can! The only difference between the sinking ship and the economy is there won't be any rescue coming for us.
While the entire world watches Greece and Italy, it seems, from looking at this chart, the real action is the UK, Japan, Spain and France.
Business, government and household debt in Japan show a 492% of GDP problem for Japan. The tax and spend days are coming to an end soon in Europe, the USA and, of course, in Japan.
This entire house of cards is going to collapse around our heads. When the collapse does come, it will come suddenly. Hope you have cash readily available and at least a few weeks of food and water ready. Because when the crash does come, stores will be empty in a matter if a few hours - if it takes that long.
A reader sends in this video. Kyle Bass on the BBC saying that Japan is "next":
Monday morning (Sunday for most people who read this blog). I've got a ton of things to do but here's a few things I've been thinking about... Especially how, even a few days after press release, you can see proof of how messed up a company Linkedin Japan is. Linkedin Japan is a FAIL!
First up, though, before the bashing begins, for your enjoyment, a very cool video Mash-up by Hexstatic of Nancy Sinatra's sixties smash hit "These Boots Were Made For Walking"
The picture in Greece, whose troubles kicked off the crisis almost two years ago, is bleaker than ever. A new report from Athens' international debt inspectors -- the European Commission, the European Central Bank and the International Monetary Fund -- proved that a preliminary deal for a second package of rescue loans reached in July is already obsolete.
The report showed that in the past three months Greece's economic situation has deteriorated so dramatically that for the bank deal to remain in place, the official sector would have to provide some euro252 billion ($347 billion) in loans. Alternatively, to keep official loans at euro109 billion ($150 billion), banks would have to accept cuts of about 60 percent to the value of their Greek bonds.
….
100 Million Euros is insufficient. The IMF pegged the amount between 100 million and 200 million. There is absolutely no reason to suspect the minimum is needed. Indeed, there is every reason to expect 400 million euros is insufficient.
….
I believe 400 million Euros will prove way insufficient once Portugal, then Spain, then Italy get into trouble.
Like I said, I think we could see the bankruptcy of Greece any day now. If that happens, all bets are off and it's every man (family) for itself. I think people would be wise to draw out a good sum of money from the banks and have it at home for a few weeks just to be safe until we can see what is going to happen. I fear a "bank holiday" where it might not be possible to withdraw money (or possibly even use credit cards) from banks for a few days or even a week or two (or more?)
I always follow my own advice and I think I've done pretty well. I always mess up dates, though... But I predicted a bad situation in Autumn on 2011 and, well, here it is, autumn. Please refer to: Japan's Financial Armageddon is Coming in 60 Days?
I warned people in October of 2008 to buy gold and silver and to stock up on food (click the links for proof). At that time, gold was $724.08 an ounce (today gold is $1562.30) and silver was $9.11 an ounce (today silver stands at $47.40).
If you had taken my advice, you would have easily more than doubled your investment in gold and taken over a 520% profit on silver. It's still not too late to get into gold and silver but a price correction is coming so wait a bit.* There will be no price correction on food. Stock up now, while you can.
After the big Tohoku earthquake and tsunami, when the stores shelves were bare for a week or so (and no one knew at the time how things were going to turn out on the food and water situation) my family was fine; we had 6 months of food and water, enough for 5 people, stocked up and ready to go. When people panicked and ran away from Tokyo or when they were fighting for parking spaces at the local grocery store, or fighting for bottles of water, I only watched and shook my head in disbelief.
How can people be so gullible and foolish? How can people be so negligent and irresponsible not to be prepared?
…..
Let me give you fair warning again. Especially if you live in Japan:
1) Store up enough water for at least 2 months (6 months preferable)
2) Fill your bathtub with water every night (if water stops you can use for cleaning)
3) Today or this week, buy at least 2 months of canned food (6 months preferable)
4) It is still not too late! Start saving money every month by buying gold and silver. If you have some savings, take 33% of it out of the bank and buy gold. Take the other 33% and keep it at safe place at home.
It looks like we are headed for some really rough times. Better be prepared to stay out of the way.
The point I am ultimately making is that of course no one can predict the future but just because of that fact not being prepared is just plain foolish. I'm sure that there were many people in Tohoku before the earthquake and tsunami who could make the same claim that "No one could have predicted the future" so that's why many did not have food or water or the means to escape (same as many in Tokyo)... But this is not about predicting the future, this is about protecting yourselves and your family.
If you think this is about predicting the future, then use that same logic next time you buy auto, car, fire or life insurance. Don't need them, right? No one can predict the future.
While I mention Greece, another curious thing about the situation there is that it is not being mentioned on the MSM. There's lots about demonstrations in the USA, where things are peaceful for the most part, but in places like Greece, where the sh*t is about to hit the fan? Not a peep.
I had been looking at many videos on Youtube and others showing some very heavy fighting between rioters and police. I wish I would have bookmarked them. This one, though, give a good idea. This is not a friendly party.
The most worrisome point about the situation in Greece is that the government needs the police and military to stand by them to protect them from and increasingly angry and militant civilian gathering, yet, at the same time, even the Greek police and civil servants are furious about getting pay cuts and massive slashes to their pensions. I wonder how long until they switch sides?
What would that mean for Greece and the other countries in immediate danger (Spain, Portugal, Italy, Ireland?)
And, finally, I see the ridiculous announcement from Linkedin that they finally "launched their Japanese site". Well, that's one big strike against them; they're lying. The service was actually launched sometime before May of 2010.
How to correctly handle a new product or service release? (in Japan)
A new company/product/service will need to appoint somebody in Japan to handle PR for them in Japan and work with that company to make a plan.
A necessary part of any good plan of attack would be that the representatives in Japan arrange meetings with major media at least 1 - 2 weeks before Japanese release day, as pre-press release. This is critical.
If this sort of ground-work is not fully prepared by the company and their reps in Japan, I strongly suggest that the company postpone the release of the product/service (and fire their representatives and hire a competent company) and then get properly prepared. If this sort of pre-press release is done correctly, the Japanese media will then follow-up and prepare and study the circumstances of the product/service and company so that they may be able to publish and provide better information for the Japanese audience (don't forget that the Japanese media are competing with each other, too, to provide up-to-date concise information, so this has to be done. No short-cuts here). This is critical for the success of any new company in Japan.
Even after years of repeated failures byvarious companies, to this very day, foreign companies come to Japan and repeat the mistakes Pepsi Cola and Seven-Up made decades ago. Some recent examples are Linkedin; E-Bay Japan, Google.jp, and a few others. (I strongly suspect Sugarsync is about to make the same mistake too!)
Take, for example, Linked-in. Linked-in came out with a Japanese version quite a while back but no one here in Japan uses it because no one knows about it; they had no local representation; no pre-press release information.
Kind of shocking, when you think about it; a supposedly forward thinking company coming to Japan and making such an amateurish mistake.
Well, Linkedin made that mistake. I also am quite familiar with this as I wrote a letter to Linkedin twice in early 2010 offering them a partnership with some companies that suggested tying up with Sony and placing the Linkedin software with all new Vaio computers sold. I sent them the letter twice. Twice, no response. Chuckle. Now, they've realized almost 1.5 years later that no one uses their Japanese language product (and probably won't). They blew a golden opportunity to tie up with one of the biggest companies in Japan... Now, what are they going to do?
You don't penetrate the Japanese market on the cheap and you usually have only one chance to get it right.
Let me make a prediction that I will stand by completely: Linkedin Japan will be a flop and failure along the lines of E-Bay in Japan.
Well, it's the start of another week. Keep positive. Write down your goals and smile.
Astounding. The peaceful demonstrations in Spain are over. The people have begun beating people and shooting them with rubber bullets. As usual, Japanese news is eerily silent on the matter. What's going on here?
THE CLASH - REVOLUTION ROCK
Google reports that the government has sent in police in Barcelona with truncheons and they are beating peaceful demonstrators and shooting them with rubber bullets. Google reports:
BARCELONA — Spanish police fired rubber bullets and swung truncheons to disperse anti-crisis protesters in a Barcelona square Friday as cleaning crews cleared their tent camp.
Catalan police in anti-riot gear moved in after about 50 protesters sat down on the street to block a convoy of cleaning trucks leaving the Plaza de Cataluna square with remnants of the encampment.
Police, some with plastic shields, were shown on television dragging protesters along the street and swiping with truncheons at activists, who had been chanting: "They shall not pass."
An AFP reporter at the scene saw rubber bullets fired.
The protest blockade was broken up within minutes but about 100 protesters regrouped in the square. They were surrounded by two police cordons blocking hundreds more people from entering from nearby roads.
Demonstrators chanted: "The people, united, will never be defeated!" and "No to violence!"
Cleaning crews with 10 lorries dismantled the last of the tents under police surveillance. Later, police left the square and let thousands of demonstrators flood in.
By the evening, at least 5,000 people were in the square protesting against the police intervention, some having put up tents. A dozen police vehicles were in streets leading to the square.
"What happened today was awful but it is a warning" for the country's leadership, said Ramon Deltran, 50, a psychiatrist.
Ultimately, unemployment, taxes and austerity measures have caused these huge demonstrations that are, as one protester said, "... against the criminal behavior of the central bankers and IMF. Taking tax money from the people and giving it to rich bankers have finally made the people take to the streets...."
Yet, this news is nowhere to be found in the Japanese news services in English or in Japanese.
I predict that this demonstration in Spain will collapse the Spanish government.
There's no way unemployment or the situation with government debt, which will lead to higher taxes and more austerity measures in Spain is going to go away anytime soon, so these demonstrations are going to go on. The government, by taking a heavy hand are just escalating the situation. They are toast.
But, once again, not a word about it in the Japanese press! I checked both Yahoo! Japan and NHK and cannot find any mention of this news!
Here's a screen capture of NHK news site:
Quick translation from top to bottom:
Anti-Nuclear Demonstrations Prompting Closure of Nuke Plants
PresidentExpectedin Poland
Tourism promotiondelegation sent toChina
U.S.envoycontinuing investigation of food shortagesin North Korea
Honda in Canada leakspersonal information
The stateofthe lastshuttlemaintenanceannounced
"The strange quiet of territorialnegotiations"
Syriancrackdown as police fireatprotesters
Democratization and assistance in the Middle East
Massivedemonstrationsprotesting thearmyin Egypt
U.S. Secretary of State visitsPakistan
......Nothing about police shooting people with rubber bullets in Barcelona Spain. How about Yahoo! Japan?
Well, what do you know!? Yahoo! Japan does come through and has a story about Barcelona! (Marked in red)... Yippee... Er, well, not exactly about demonstrations and the police rousting people out like the Nazi Gestapo, but about how some soccer team from Barcelona won a soccer championship for the fourth time beating Manchester United..... .....Yawn!
IS THIS SITUATION IS FAST SPINNING OUT OF CONTROL? MUST SEE!
The demonstrations in Egypt weren't nearly this big! In Europe, first Greece then Iceland now Spain! Massive demonstrations and protests have broken out all over Europe. There's not a word mentioned about these huge protests in the Japanese media or in the US media either! See the live feed at the bottom of this post. These demonstrations are huge and the news about them seems to be blocked all over the world!
Elections are tomorrow but the protesters have said that they will continue to protest until they get what they want... I'm sure the elections will not satisfy their demands. What's next? This and events in Portugal and Italy bode ill for the Euro and the world economy. This will certainly hurt Japan's already faltering economy.
These massive demonstrations continue to grow and have turned quite ugly and violent in Greece and have now been banned in Spain (which has only served to increase their size). In Spain's case, the government has banned these gatherings, but absolutely cannot afford to send the police in and kick these people out.
Ultimately, unemployment, taxes and austerity measures have caused these huge demonstrations that are, as one protester said, "... against the criminal behavior of the central bankers and IMF. Taking tax money from the people and giving it to rich bankers have finally made the people take to the streets...."
Yet, this news is nowhere to be found in the Japanese news services in English or in Japanese.
I predict that this demonstration in Spain will collapse the Spanish government.
"After passively submitting to the crisis, young Spaniards have finally taken to the street. Breaking out on the eve of municipal elections, the protests of recent days have been inspired by those in Iceland that led to the fall of the government in Reykjavik.
One morning in October 2008, Torfason Hördur turned up at what Icelanders call the “Althing”, the Icelandic parliament in the capital city, Reykjavik. By then, the country's biggest bank, the Kaupthing, had already gone into receivership and the Icelandic financial system itself was in danger of going under. Torfason, with his guitar, grabbed a microphone and invited people to talk about their dissatisfaction with the freefall of their country and to speak their minds.
A movement spawned by the Internet
But those voices calling for real democracy are not just being raised in Iceland, a country of about 320,000 inhabitants. Here in Spain, the umbrella organisation for various Spanish movements – Democracia Real Ya (Real Democracy Now) – already lists among its proposals some 40 points ranging from controlling parliamentary absenteeism to reducing military spending through to abolishing the so-called Sinde law (a law restricting on-line infringements of copyright).
Spain demonstration yesterday. This is not news in Japan!????
The demonstrations have broadened spontaneously, as was the case for those who rallied under the umbrellas of the "alternative globalisation" movements, and have evolved, one decade after the World Social Forum in Porto Alegre, Brazil, on a more modest stage than the one demonstrators faced in the past at the World Economic Forum of the global elite in Davos, Switzerland.
All this is happening at astonishing speed via the Internet, which has amplified the echo of discontent and opened the lanes of cyberactivism to groups such as Anonymous, notable for intervening against companies like PayPal and Visa during the advocacy campaign for Wikileaks chief Julian Assange. Yet it was also there at the beginning of the revolts in the Arab world, to help people get round the censorship of the Tunisian and Egyptian dictatorships.
“When we grow up, we want to be Icelanders!" cried one of the leaders of the organisation during the march on Sunday May 15 before a column of young – and not so young – parents and children, students and workers, the jobless and pensioners. Many Saturdays in Iceland were needed before citizens won the changes they had demanded. Spain’s first Sunday has taken place, and was followed by a Tuesday [May 17]- but there’s still a long way to go.
Protests have now spread to Italy and beyond.
Why these massive outpourings of discontent for government policies are being ignored in the Japanese press is a real curiosity. Here is a screen capture of NHK News English site. As you can see, not a word about it mentioned but there is a story of vital interest about Brazilian students sending letters to survivors of the Tohoku disaster!
CLICK ON IMAGE FOR LARGER VIEW
And here's a screen capture of the Japanese language page. Nothing about protests in Europe:
CLICK ON IMAGE FOR LARGER VIEW
Let's see: Something about the Hague Conventionmember stateswelcoming something called "the Buddhapolicy," Asia's largestexhibitionofNaval Weapons, specialtrains, JapanesechildreninBrazil... Oh! There's demonstrations! No. No. Those are in Thailand. Nope. Nothing about demonstrations in Europe.
Quite odd, don't you think?
MISH SHEDLOCK posts this: "SOL TV has a continuous direct broadcast from Puerto del Sol in Madrid, where today's gathering has just started."
The summer of 2011 has started. It's going to be a very hot one too. Got gold?
Here's a map and more information about the global insurrection against banker occupation. There's even an event planned in Tokyo today!!! http://www.thetechnoant.info/campmap/
Is the financial Armageddon coming soon? Many people are now warning that it is inevitable. I agree. It may not be in 60 days, but I think it is coming Autumn 2011. I'm not sure, but things are lining up poorly so I think you had better get prepared. This is a warning.
People should listen to my warnings. I warned people in October of 2008 to buy gold and silver and to stock up on food (click the links for proof). At that time, gold was $724.08 an ounce (today gold is $1562.30) and silver was $9.11 an ounce (today silver stands at $47.40).
If you had taken my advice, you would have easily more than doubled your investment in gold and taken over a 520% profit on silver. It's still not too late to get into gold and silver but a price correction is coming so wait a bit.* There will be no price correction on food. Stock up now, while you can.
*Note: A few hours after the posting of this article (check the dates and times) the price of silver dropped almost 10%.
After the big Tohoku earthquake and tsunami, when the stores shelves were bare for a week or so (and no one knew at the time how things were going to turn out on the food and water situation) my family was fine; we had 6 months of food and water, enough for 5 people, stocked up and ready to go. When people panicked and ran away from Tokyo or when they were fighting for parking spaces at the local grocery store, or fighting for bottles of water, I only watched and shook my head in disbelief.
How can people be so gullible and foolish? How can people be so negligent and irresponsible not to be prepared?
The repercussions of the Japan earthquake and tsunami followed by the nuclear accident has created shock waves throughout the world. Throw that on top of the soon-to-come collapse of the Euro...
Either preceded or followed by the collapse of the US dollar....
A lot of people predicted an economic calamity after the earthquake and tsunami. But, now some are saying it didn't happen. The fact is that the earthquake and tsunami are blips on the screen in the overall picture of the world economy.... But taken together with the information contained in the videos above, and they stat to cause one to consider.
Consider the Euro zone and the US dollar - along with Japan's aging problem and public debt problems - in the context of the repercussions for the business world of the Japan disaster. For a small example of how the Japan calamity is affecting foreign nations and companies, consider the fact that Japanese cars manufacturers have closed many of their plants as they are unable to obtain parts.
On initial inspection, this doesn't seem to be such a problem. But these plants, and including Japanese plants in the USA, employ tens of thousands of people. Now, what about the satellite businesses that deal with cars? The list is long, but here's two easy ones; Tire makers or service stands? What about other businesses that cater to auto worker employees? How about them? Home manufacturers, clothes makers, shoes manufacturers, the entertainment sector, banks, credit card companies, etc., etc.?
Now, consider the fact that nearly ever company must file their quarterly business report, well, every quarter. That means that the earthquake occurred on March 11... Let's just use March 30th as an easy calculation... This means that all of these corporations will show the effect of the Japan disaster - added to an already overloaded world economic crisis - and you just might have one more straw added to the camel's back... Could it be the straw that breaks the camel's back?
I don't think so. But throw on the extremely high probability of a Greek, Irish and Portuguese default on public debt and the ground swell rumors now abounding that Spain and Italy are next ( and are "Too big to bail") then you have a serious problem.
Let me give you fair warning again. Especially if you live in Japan:
1) Store up enough water for at least 2 months (6 months preferable) 2) Fill your bathtub with water every night (if water stops you can use for cleaning) 3) Today or this week, buy at least 2 months of canned food (6 months preferable) 4) It is still not too late! Start saving money every month by buying gold and silver. If you have some savings, take 33% of it out of the bank and buy gold. Take the other 33% and keep it at safe place at home.
It looks like we are headed for some really rough times. Better be prepared to stay out of the way.
If you want to find the best places to buy gold and silver, search those keywords on this blog's search function. I've warned people so many times up until now, that I'm tired of linking to it over and over.
Will people pay attention this time? If history is any guide, the answer is "No!" Readmore..
