Perfect Economic Storm

"I am with you always, even to the end of the age."

Dear Friends, September 3, 2008

We are getting very close to the breaking of the perfect economic storm of which we have been warned. This storm has been gathering on the horizon for many years as the alternative press has been predicting would one day happen. Different mystics and seers have likewise been warning the world for decades. It now seems the time may very well be at hand. The Royal Bank of Scotland, one of the Systems own, has advised its clients of an impending economic crash about to take place within the next three months.


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RBS issues global stock and credit crash alert

By Ambrose Evans-Pritchard, International Business Editor

Last Updated: 12:19am BST 19/06/2008

The Royal Bank of Scotland has advised clients to brace for a full-fledged crash in global stock and credit markets over the next three months as inflation paralyses the major central banks.

"A very nasty period is soon to be upon us - be prepared," said Bob Hanukah, the bank's credit strategist.

A report by the bank's research team warns that the S&P 500 index of Wall Street equities is likely to fall by more than 300 points to around 1050 by September as "all the chickens come home to roost" from the excesses of the global boom, with contagion spreading across Europe and emerging markets.

Such a slide on world bourses would amount to one of the worst bear markets over the last century.

RBS said the iTraxx index of high-grade corporate bonds could soar to 130/150 while the "Crossover" index of lower grade corporate bonds could reach 650/700 in a renewed bout of panic on the debt markets.

"I do not think I can be much blunter. If you have to be in credit, focus on quality, short durations, non-cyclical defensive names.?

This does not mean that it is absolutely inevitable, as God could stop it, if it were His will. It does, however, seem that with the rise in oil prices, the sub prime housing fiasco, etc? that now may very well be the time for the greatest economic crash the world has ever seen.