Sunday, June 3, 2012

'Beware a rerun of the Great Panic of 2008'

Head of World Bank warns Europe is heading for 'danger zone' as world markets suffer bleakest day of the year so far

The head of the World Bank yesterday warned that financial markets face a rerun of the Great Panic of 2008.
On the bleakest day for the global economy this year, Robert Zoellick said crisis-torn Europe was heading for the ‘danger zone’.

Mr Zoellick, who stands down at the end of the month after five years in charge of the watchdog, said it was ‘far from clear that eurozone leaders have steeled themselves’ for the looming catastrophe amid fears of a Greek exit from the single currency and meltdown in Spain.

The flow of money into so-called ‘safe havens’ such as UK, German and US government debt turned into a stampede yesterday.

Read more: Daily Mail

8 comments:

Dov Bar-Leib said...

Yet, it is so bad in the United States right now that the Euro actually rose slightly against the US Dollar on Friday. So the EuroTrash have just realized that the US is no safe haven after all. This is going to be a bloodbath over the next week or two. There is no place to run.

Anonymous said...

It is not so bad, it is bad for them who wants to see bad things, B'H" most of people do not complain, and have plenty. US have many programs , free programs, medicaid, to pay for private schools even, food stamps for needy people, nobody dies from a hunger B'H. This is does not mean if euro rose slightly then it is so bad, it is not bad at all.

Anonymous said...

This is Anon101. My dear brother Dov Bar-Leib, It is obvious that you are grounded in Torah knowledge more than me, but to raise the fear level of Jews and non Jews without telling them what to do is not right, in my opinion. The best investment to make is to send money to www.divineinformation.com to make cds. Why? Each cd costs 1usd and can make not religious Jews religious. That means you get a share of each and every mitzvah this person does and it does not stop there. The same cd can travel to other people increasing your merit. This investment is forever because Jews do not reap the full reward until they die and then get rewarded every Rosh HaShana forever. Now as far as your retirement income, the US stock market might crash as brother Dov Bar-Leib is saying, so I am actively learning how to invest in Israeli real estate. Why? Jew hatred is increasing around the world, mainly in Europe. More Jews will immigrate to Israel. As a find out information on how to invest in Israeli real estate, I will post on this website as long as Devorah says it is okay to do so. In the meanwhile, start doing tshueva. Listen to the series at www.divineinformation.com it changed my life and I am sure it will do it for you. It has been over a month and 3 days, no TV or movies. It is the hardest thing I done in my life. Yes, I was and still am addicted to this.

Unknown said...

If things continue to deteriorate, Obama may be toast. What can he do to pull a rabbit out of a hat?

Dov Bar-Leib said...

What will Obama do? He will need to raise more money for his campaign. Eric Yoffe, the head of the Reform movement in America already told him that releasing Pollard will help Obuzzard raise millions of dollars from American Jews if necessary. I guess that when Yehonatan is released, Joe Biden will keel over. It was a fervent prayer of Sleeping Joe Biden that Pollard would be released over his dead body. It is good when G-d answers peoples' prayers. It shows us all how relevant prayer can be.

Now the pogrom in France, another one. This is all really depressing that these types of events will be the only things that will cause people to leave their native countries. May we have more voluntary actions and less need for pogroms. There are consortiums of people buying land in the Galilee from Arabs for Jewish development. For people who have money this is a fantastic investment with high returns. And you are doing a mitzvah at the same time, redeeming the Land of Israel. something to consider if you still have some extra cash. But fewer and fewer people in America have that extra cash. Yet, I know that there are some of you around still. This is done discreetly so that the Arabs who sell their land to the consortiums are not murdered by other Arabs. Some of them run away. Some simply change their names. It is all very discreet, but there are actually large numbers of Arabs who inherit very tiny inheritances and want to sell. So the key is to buy a whole bunch of adjacent plots. The consortiums take care of the details, including helping the Arab seller leave the country without getting killed by Arabs.

Anonymous said...

This is Anon101. My dear brother Dov Bar-Leib, please post the information on the consortiums. I found out there are two types of land in Israel. Private and Minhal (government owned) meaning you lease for 49 years and then another 49 years, etc. 80% of the land is Minhal. I will continue to let you know more information as it comes available.

Anonymous said...

This is Anon101. For people following how to buy Israeli real estate with your US IRA. I found out: Self-directed IRAs can get extremely tricky, especially if you want to play an active role in the business or property you're investing in. Numerous tax rules limit the types of investments you can make even in a self-directed IRA. In particular:
•So-called self dealing rules prohibit you from owning a business in an IRA if you are an officer of that business or own a controlling interest. Similarly, if you own an asset like a vacation home in an IRA, you can't use it for your own personal benefit.
•While buying real estate outright for an IRA is OK, the rules get complicated if you only have enough money to make a down payment and need to borrow to complete your purchase. It's critical that your personal funds not get commingled with your IRA.
•Other complicated provisions, such as unrelated business income rules, present additional obstacles to some types of investments. You'll want to check with your accountant before committing to any investment through an IRA.This information is from the link: http://www.fool.com/investing/ira/2009/01/08/why-you-need-a-self-directed-ira.aspx
As brother Dov Bar Leib pointed out, staying in stocks and bonds is risky business. I am actively researching this topic. As I find out more information, I will let Devorah know. This is ONLY INFORMATION, YOU NEED TO MAKE YOUR OWN DECISIONS AND NOT DEPEND ON ME, I AM NOT A LAWYER OR ACCOUNTANT.

dashmaus said...

Think of it like that amusement park ride, where you spin around faster and faster and then the floor falls away from your feet. But you don't fall. Hashem has you, you see. We aren't here to be comfortable, it is so easy to become spoiled. It is so easy to think we are entitled to be pandered to and massaged. It's exiting and terrifying to be here in these times and to see Hashem making it all true. All of these dreams and prophecies, the hopes of our prophets. Israel, green and full of clear running streams, a place of peace, where the nations will come to build the Beis and beg of us to teach them Torah and of our G-d and our forefathers' G-d, Hashem. It is not business as usual anymore. You can't stockpile food and water. Just enjoy the thrills and chills. Hashem has you. You cannot fall. You cannot lose.