End-time biblical signs and beginning of sorrows: December 2015


Dozens of beached whales die as hundreds wash up in India

State of the Family: America Is in Dangerous Times

RBS tells investors: ‘sell everything’ as crisis nears

economic-crisisThe Royal Bank of Scotland has recommended its clients prepare for a “cataclysmic year,” as major stock markets could drop by a fifth and Brent oil could hit $16 a barrel.

“Sell everything except high quality bonds. This is about return of capital, not return on capital. In a crowded hall, exit doors are small,”said the bank’s credit team in a note sent to clients, quoted by theTelegraph.

According to RBS analysts, the markets are showing the same stress alerts as seen before the 2008 crisis.

Andrew Roberts, the bank’s credit chief, says that “China has set off a major correction and it is going to snowball.” China “has very high debt levels (as a percentage of GDP) given they are still emerging” and crucially they have accumulated this debt incredibly fast, he said.

He predicts European and Wall Street markets to drop from 10 to 20 percent this year. London’s FTSE100 was predicted to plummet even lower. read more

In a stunning move, China has suspended some banks from Foreign Exchange markets and ordered other banks to stop buying Dollars.

China’s foreign exchange regulator has ordered banks in some of the country’s major import and export centers to limit purchases of U.S. dollars this month, three people with direct knowledge said, in the latest attempt to stem capital outflows.

The move comes as China reported its biggest annual drop in foreign exchange reserves on record in 2015, while the central bank has allowed a sharp slide in the Yuan currency to multi-year lows, raising fears of more capital flight.

All banks in certain trading hubs, including Shenzhen, received the order recently, the people added. They declined to be identified because they are not allowed to speak to the media. read more…