19 Warnings About A Coming Global Financial Catastrophe

Global leaders have tried just about everything that they can think of, but the coming global financial catastrophe continues to march steadily toward us. We have seen "stimulus packages", quantitative easing, bond buying, interest rate cuts, emergency economic summits, bailout packages for banks, bailout packages for entire nations, "Operation Twist", unprecedented government intervention in business and massive amounts of new government debt and yet nothing seems to revive the global economy. In fact, it looks like we are rapidly heading into the second dip of a "double dip recession". Unfortunately, many believe that this next dip will be more like a full-blown depression. All over the world, top economic experts are warning that we are facing an unprecedented crisis of debt and insolvency that will result in a global financial catastrophe. The eurozone is drowning in debt, the U.S. government is drowning in debt and major banks all over the globe are drowning in debt. Global authorities have been trying to patch the system together and keep it going, but the incredible damage that all of this debt has done is now becoming apparent to everyone. The global debt bubble that has fueled prosperity in the western world for the last several decades is getting ready to burst, and when that happens the chaos that will result will be absolutely horrifying.

The following are 19 warnings about a coming global financial catastrophe....

1. "Dr. Doom" Nouriel Roubini says that the rapidly approaching financial crisis will be even worse than 2008.... The problem is that we are running out of policy rabbits to pull out of the hat!"

2. John Embry....

3. Jim Rogers....

4. Prominent Spanish politician Felipe Gonzalez....

5. Leader of the UK Independence Party Nigel Farage....

6. Peter Praet, chief economist at the European Central Bank....

7. Graham Summers....

8. Peter Schiff....

9. New York Times columnist Paul Krugman....

10. IMF Managing Director Christine Lagarde....

11. Andrew Kenningham, senior global economist at Capital Economics....

12. Zero Hedge....

13. Lakshman Achuthan, the co-founder of the Economic Cycle Research Institute....

14. Priya Misra, head of U.S. rates strategy at Bank of America Merrill Lynch..

15. Chris Williamson, the chief economist at Markit....

16. Howard Archer, chief European economist at IHS Global Insight....

17. Karl Denninger....

18. LEAP/E2020...

19. Steve Quayle's anonymous international banking source..