Source: USAWatchdogGreg Hunter
What is going on in the world today is both frightening and
historic. It is frightening because the amount of debt accumulated is
orders of magnitude more than ever before. It is historic because the
way this finally shakes out will be considered a major turning point in
modern history. I see this, but most people in the world are either in
denial, delusional or just a victim of disinformation by the mainstream
media (MSM). If you read this site often,
you know I heavily source what I write about. I do this because I want
people to have solid information and analysis. For example, just last
week, a Morgan Stanley analyst named Joachim Fels sent a research note
out to clients that talked about the EU sovereign debt crisis. Here is
part of what Mr. Fels said, “This past week, by raising the
possibility that a country might (be forced to) leave the euro, core
European governments may have set in motion a sequence of events which
could potentially lead to runs on sovereigns and banks in peripheral
countries that make everything we have seen so far in this crisis look
benign.” (Click here to read the entire story from Zerohedge.com.)
This Morgan Stanley analyst is talking about bank runs and is painting
a calamitous picture of the EU sovereign debt problem. I believe that
most people haven’t a clue about what is going on and how their lives
are going to change for the worse. If they do, then they just refuse to
believe that the government will let anything bad happen. I got a
comment from a reader by the name “In4mayshun” on a post I wrote last week titled “Two Financial Nukes Explode.” It was about MF Global and Greece. Both situations are far from over and sorted out. The comment is below:


































