TURKEY’S LIRA COLLAPSE MAY TAKE DOWN EUROPEAN BANKS 8-11-2018

I have written several times that Turkey’s Ottoman Sultan want a be, Erdogan is a few bottles short of a six pack. He is now dictator for life, engaged in brazen, military imperialism, and now has a currency collapse to deal with. I also mentioned Pastor David Wilkerson’s “prophecy” from a few years ago. Well, things are now fully in motion for a global economic crisis much worse than the one triggered by the Russian bond defaults in 1997. I can’t stand Alan Greenspan, but even he admitted when Long Term Capital Management imploded from Russian bond losses the entire global economic system came close to crashing and burning. In Turkey’s case, we are dealing with multiple European banks, holding staggering amounts of Turkish debt, that is now essentially worthless. The link below tells more.

https://kingworldnews.com/greyerz-ecb-to-issue-emergency-liquidity-as-turkish-contagion-spreads/

Greyerz – ECB To Issue Emergency Liquidity As Turkish Contagion Spreads

Egon von Greyerz:  “Eric, we are often talking about the various problems in the world and what will be the catalyst for a global crisis, which has to happen because of all the risks that we see.  And I now think that Turkey could be a major catalyst…

Egon von Greyerz continues:  “Turkey has massive economic problems, deficits, and their currency is collapsing.  The fact that many banks in the EU have lent money to Turkey will probably lead to a crisis in the European banking system.  As an example, Spain’s second largest banks has lent $18 billion to Turkey, and BNP in France has lent $40 billion.  Many other European banks are involved as well.  

As we have seen, Turkey’s currency is collapsing and gold has been skyrocketing in Turkish lira.  Since 2013, gold is up 4x in Turkish lira.  We have talked about hyperinflation in Venezuela and Argentina.  Well, we are seeing it now in Turkey too, Eric, and it’s going to get worse.  Turkish banks have a lot of currency loans, in US dollars and other currencies, to Turkish borrowers.  That’s 40% of their balance sheets.  That will most likely wipe out the reserves of most of these banks because the clients won’t be able to repay it in Turkish lira.

https://www.zerohedge.com/news/2018-08-11/worst-case-scenario-turkey

“Self-Fulfilling Contagion”: This Is The Worst Case Scenario For Turkey

. traders and investors have expressed growing concerns where potential contagion may strike next, who is most exposed to the Turkish crisis, in the process hitting European stocks and EU banks, and what a “worst case” scenario for Turkey would look like.

To be sure, the FX market’s response this week certainly was swift as the currency plunged by more than 20% since last Friday vs. the USD, with JPMorgan analysts warning that policy options for the Turkish government are limited, as policy rate hikes alone would likely no longer be sufficient and could have been counter-productive as it could exacerbate concerns over the banking system, meanwhile president Erdogan remains staunchly opposed to both an IMF bailout and capital controls for now, the two other emergency escape valves that are traditionally used in similar situations.

Meanwhile, fears are also growing about the viability of the Turkish banking sector, with Goldman recently warning that the banks’ excess capital would be eroded should the Turkish Lira depreciate to 7.1, not too far from its Friday close…

Doomer Doug, a.k.a. Doug McIntosh now has a blog at www.doomerdoug.wordpress.com
My end of the world e book “Day of the Dogs” is available for sale at the following url
http://www.amazon.com/-/e/B007BRLFYU

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IS DAVID WILKERSON’S PROPHECY BEING TRIGGERED? 5-27-2018

Many years ago, back in 1993, Pastor David Wilkerson made a prophecy related to the trigger event for an economic collapse being pulled in Germany, of all places. The decades went by, life went on, and people forgot about it. Well, today’s events in Italy, with the imminent collapse of the “new populist government,” and the resulting economic chaos the government collapse is unleashing, required me to take a closer look. I wrote a book on Ezekiel’s prophecy about Gog and Magog, called “Ezekiel’s Islamic Confederacy,” waaaaaay back in 1992, so I have long had an interest in Bible Prophecy. Granted, I don’t put Pastor Wilkerson in the same class as either Ezekiel, or Isiah, but I take him seriously. At at rate, here is what Pastor Wilkerson said, and here is the economic crisis now unfolding in Italy. Further, Turkey, under its delusional leader Erdogan, is suffering from a currency collapse. Right now, we have imminent financial disasters happening in Italy, Turkey, Spain, and  possibly Germany.

The reason Germany’s economy would collapse is it is tied to the EURO currency, and it is the EURO peg that caused all the problems in Greece, and now Spain, Italy, and Turkey. The Germans will now have to potentially “bail out,” Italy, Spain, and Turkey. This is after Germany has already bailed out Greece, more or less. Wilkerson’s prophecy may, repeat may, indicate that Germany is going to refuse to deal with Italy, Spain, and Turkey, which is a NATO member, although not an EU member. If Germany does that, it may trigger a general collapse of the EURO, followed by a general collapse of the EU. Finally, when you throw Brexit into the mix, things get even more dicey for both the EURO and the EU. Again, I am just pointing out that Wilkerson’s prophecy just exploded out of nowhere in the last several days. What happens if Spain, Italy, and Turkey unleash total economic chaos in Europe over the next week or so? I am just bring this to the attention of my blog readers. Actually, we now have two natural disasters, volcanoes on the Big Island, and the first storm of the season in the Gulf of Mexico.

Is a possible Greek or Italian default the marker of a prophecy given by David Wilkerson 20 years ago. Do the Greek people have any say in what their Euro masters tell them to do. Is America headed for a bank holiday? Is Mexico going to default? Are Americans prime for bankruptcy,

https://z3news.com/w/david-wilkerson-global-economic-collapse-begins-germany/

David Wilkerson: Global Economic Collapse Begins in Germany

  1. Derivatives – Never before in history have so many financial institutions exposed themselves to so much risk in the form of derivatives, which are financial products that derive all of their value from an underlying asset. Derivatives allow financial institutions to leverage their assets many times over. As a result, many investors hold a claim to the same asset while none of them actually own anything of real value. This approach works great when market values are moving up because profits are multiplied, but it is very dangerous when market values are moving down because losses are multiplied too. Large losses can force even very large banks to go bankrupt.
  2. Debt – Never before in history have there been so many nations in so much debt. Sovereign debt levels have increased significantly among almost all developed nations since the 2008 collapse of the housing market. The enormous debt burden makes it almost impossible to absorb the cost of any unexpected disasters.
  3. Here is the link to the economic crisis in Italy.
  4. https://www.zerohedge.com/news/2018-05-27/toxic-coup-narrative-why-italys-political-crisis-may-be-set-explode
  5. “A Toxic Coup Narrative”: Why Italy’s Political Crisis May Be About To Explode

IT’S WAR! 5-9-2018

I predicted a regional Middle Eastern War over the next 72 hours, and so we now have one. If you haven’t heard, a real fur ball is now going on between Israel, Iran, Assad Junior, Hezzbollah. I’m told that Russian fighter jets are in the air warning the IDF to not attack Syria. Saudi Arabia and Jordan can’t be far behind. Iran has also unleashed its proxy forces in Yemen to attack Saudi Arabia. We have credible reports of artillery duels, tank shellings, missiles being shot back and forth among other things. The bottom line is Israel is now at war. The full extent of the war, and how wide it will spread, is unknown at this time. They won’t stop now in my opinion. If the Russians get involved, then the US and NATO will get involved, and that means World War Three. Yes, Virginia, we are on the cusp of World War Three as I write this. You may think me mad, but don’t be surprised if a tactical nuke or two, or three, is used. I highly suggest you immediately fill up your gas tank, as in stop reading this blog and get some gas for your car. I assume my blog readers won’t be doing any “last minute prepping,” along with the hordes of sheeple who are now likely freaking out. At any rate, nobody who reads my blog should be surprised now that another regional Middle Eastern War has broken out. Since I was in the US Army back in October of 1973, I have a better read on the level of social chaos that the sheeple will unleash once the fact the US may be at war with Russia in another week or so penetrates the sheeple skull.

 

GAME ON, GANG.

HERE ARE A FEW TWEETS.

The Intel Crab Retweeted

Strategic Sentinel‏Verified account @StratSentinel · 1m1 minute ago

.@Reuters reports that #Iranian forces are taking part in the counterattacks, shelling #Israeli positions in the #Golan.

Strategic Sentinel

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@StratSentinel
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An unprecedented amount of military activity continues along the northern border of #Israel and into #Syria. A large #IDF operation appears to be underway, targeting several different factions near #Damascus and southern Syria. IDF is utilizing air and ground assets.

17 replies 188 retweets 131 likes
Reply 17 Retweet 188 Like 131

Strategic Sentinel

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@StratSentinel
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At this time it appears attacks on both sides have been confined to tank, howitzer, MLRS, mortars, air based, and otherwise generally immobile platforms. No ground advances are thought to be occurring.

4:29 PM – 9 May 2018

Doomer Doug, a.k.a. Doug McIntosh now has a blog at www.doomerdoug.wordpress.com
My end of the world e book “Day of the Dogs” will soon be available for sale at smashwords. The url is
https://www.smashwords.com/books/view/267340 It is also at the following url
http://www.amazon.com/-/e/B007BRLFYU

HERE WE GO! 5-8-2018

Um, well gang it’s been nice knowing ya all!

Seriously, we need the Alfaman, “Black Helicopters over DC report.”

Second, my opinion is war between Iran/Hezzbollah/HAMAS and Israel is now IMMINENT, AS IN THE NEXT 24 TO 72 HOURS.

Trump has now fully gone to the dark side, and now can’t recover. Bolton et al are in full control and we are going to war. Further, now that the corrupt “Bibi,” who is now doing a full “wag the dog,” scenario, to avoid being thrown in jail for corruption, as well as having bypassed the Knesset and been given total power to unleash the dogs of war, a regional middle east war, at the bare minimum, is now upon us.

Honestly, I was in the US Army back in October of 1973, at Fort Sam Houston, San Antonio, Texas being trained as a medic. Back then, I was wondering if I was going to be loaded onto a C-130 and end up at Tel Aviv airport.

Forces have now been unleashed, passions raised that will be a true end of the world as we know it scenario. For example, if Israel really does take out Iran’s oil and container ports, the impact on oil prices will be immediate and devastating. Combined with the ongoing missile strikes from Yemen, by the Iranian proxy Houthi, on Saudi Arabia’s oil facilities it will be even worse than the 1973 oil crisis.

I highly suggest you all fill up your car’s gas tanks immediately.

It won’t be long now, gang. Israel, well Israel is simply too arrogant at this point to understand the implications of what a war with Iran will mean. Iran has long understood asymetrical warfare techniques, which means the US is facing sleeper cell attacks here in CONUS.

We know Hezzbollah has been here in CONUS for the last several decades. We know that for a fact.

Russia is also a factor here. Putin has had about all he is going to take, so we may also be looking at a direct confrontation between the US and Russia, as well as Russia and Israel.

At any rate, I have been in the game for over 20 years now. It is all coming down now. Do not pass go; do not collect $200. The game is on, and I just hope the chaos won’t be total.

Doomer Doug, a.k.a. Doug McIntosh now has a blog at www.doomerdoug.wordpress.com
My end of the world e book “Day of the Dogs” will soon be available for sale at smashwords. The url is
https://www.smashwords.com/books/view/267340 It is also at the following url
http://www.amazon.com/-/e/B007BRLFYU

 

ASSAD JUNIOR MAKES HIS MOVE IN EASTERN SYRIA 5-1-2018

I have said for some time now that Assad Junior is focused on restoring the pre 2011 Civil War borders of Syria. I have in various blog posts shown how and why he is doing that. I have also said that when Assad Junior makes his move it will lead to direct combat between Assad Junior’s military forces, his Hezzbollah and Iranian allied forces against US forces, and US proxy forces. Well, gang the chaos is just starting. Here is a link to an article, and yeah it is FARS, ie Iranian news source. Well, if you want to find out what Iran and Assad Junior are up to, then you are going to have to check out FARS. At any rate, the link below indicates that all the troop movements I have been listing are moving into the imminent combat phase. The most likely place for firefights to happen between Assad Junior’s forces and US forces is near Deir Ezzur, which is in Eastern Syria near the Euphrates River. The US and its proxy forces are in the area, as well as in and around various Syrian oil fields and refineries.

The link is here.

http://en.farsnews.com/newstext.aspx?nn=13970211000922

Tue May 01, 2018 5:1
Syrian Army, US-Backed Militants May Engage in Battle in Deir Ezzur
TEHRAN (FNA)- Battle between the Syrian Army and the US-backed Syrian Democratic Forces (SDF) is becoming likely as both sides have dispatched a large number of forces to Western Deir Ezzur, field sources reported on Tuesday.

The sources said that the army has dispatched a large number of soldiers and equipment from Deir Ezzur city to the towns of al-Hosseiniyeh and al-Salehuyeh in Western Deir Ezzur in al-Jazeera region on the Eastern bank of the Euphrates River to reinvigorate its positions.

Meantime, the SDF has also sent a military convoy, including several vehicles and a number of fighters along with a number of US troops and vehicles, to Western Deir Ezzur, the sources said.

The sources said the situation is now growing ripe for a tough battle between the two sides in the region.

Field sources said on Sunday that the Syrian army imposed control on Al-Jieh Water Pump as well as the villages of Shaqareh and al-Alian West of Deir Ezzur city and on the Eastern coast of the Euphrates which was under the control of the Kurdish forces after the government troops imposed full control over al-Janineh and al-Ji’eh villages.

The Syrian army’s advances in the region took place several days after construction of a bridge by the Russian forces between the two coasts of the Euphrates river for the passage of the military equipment and delivering them to the army positions in Eastern Euphrates, the sources added. NOTE: i NOTED THAT THE RUSSIAN SHIP THAT DOCKED AT THE RUSSIAN BASE CARRIED BRIDGEBUILDING BOATS!

The army troops regained control over the two villages of al-Ji’eh and al-Janineh in Western Deir Ezzur after heavy clashes with the SDF forces.

Meantime, the SDF forces started dispatch of military equipment from al-Kasreh city to Western Deir Ezzur after Syrian army’s victory in the two regions.

This is while neither the Syrian army nor the Kurdish forces have confirmed or dismissed the news.

Doomer Doug, a.k.a. Doug McIntosh now has a blog at www.doomerdoug.wordpress.com
My end of the world e book “Day of the Dogs” will soon be available for sale at smashwords. The url is
https://www.smashwords.com/books/view/267340 It is also at the following url
http://www.amazon.com/-/e/B007BRLFYU

 

 

TRUMP GOES FULL DARTH VADER MODE AND ISRAEL STARTS WORLD WAR THREE 4-29-2018

Well, it didn’t take long after Trump’s new warrior Secretary of State  visited Israel before the missiles started flying. It also didn’t take long after Darth Trump talked with the totally corrupt “Bibi” for the missiles to fly into Syria. I guess the neo con warmongers now infesting Trump’s administration are in a hurry to start World War Three. Trump has not only sold us out, he is in a hurry. I saw where the caravan from Mexico’s people are now pouring over the California border, courtesy of Jerry Brown no doubt. The USA has reached critical mass in so many ways. Trump is just the carnival barker at this point.  I wish you good will and may you enjoy these final days before our doom is unleashed on us. May of 2018, for a lot of reasons, is a decisive month. We are dealing with the Iranian nuclear deal, as well as various dates in Israel. I am assuming the snowflakes will be out en mass on the Communist Holiday of May 1st. I thank all my blog readers for their support. I hope and pray you have had a good life. For I will tell you all plainly, we are here and now at the end of all things. Surf the anarchy, and enjoy the chaos. What is now, will not long endure, and what is to come will be nasty indeed.  Keep your eyes peeled, your powder dry, and your weapon close to you.

merkat 1.jpg

Truth really is the first casualty of war. The attack either came from Jordan and the USA, or from Israel launching Jericho surface to surface missiles from the Negev, or it came from the north and Turkey, or it came from Israel/US fighter jets, or maybe the tooth fairy did it. The bomb was either a tactical nuke, or a MOAB, or a missile.

Finally, it was either Israel or the USA that attacked the Iranian base and killed dozens of people and blew up on honking huge ammo dump.

At any rate, the fecal material has now well and truly hit the rotating blade. I’m not sure when, or how, Russia, Iran, Assad Junior and Hezzbollah are going to respond to Israel being given a green light by the neo con warmonger our gone over to the darkside Trump has anointed as our warrior Secretary of State, but they are going to. They will do so in a manner we don’t suspect, at a time we don’t expect, and on a scale we can’t comprehend. Make no mistake, gang. WORLD WAR THREE HAS JUST STARTED. Now that Russia has withdrawn from the defusing zones, there is NO MECHANISM LEFT TO PREVENT DIRECT COMBAT BETWEEN RUSSIAN AND SYRIAN AND IRANIAN FORCES WITH US LED COALITION OR ISRAELI.

Next, the most plausible denial way for Iran to piss on the fire-hydrant is to unleash the Houthi in Yemen and light up the Saudi oil refineries, and especially the offshore tanker loading platform. BY THE WAY ANYBODY THINK THE TWO REFINERY FIRES WE JUST HAD IN CONUS MIGHT BE BLACK OPS BY IRAN/HEZZBOLLAH? Nah, Alfaman we know how secure we are here in CONUS, cuz Obama told us so!!

Duck and cover gang, AND FILL UP YOUR GAS TANK TONIGHT.

We ain’t seen NOTHING YET out of Iran compared to what they are capable of. Now that Trump has gone to the dark side our end will come fast enough. Heck, it’s been good knowing ya all, and if don’t make it past Memorial Day it’s been a fun and whacky ride here at timebomb.

Doomer Doug, a.k.a. Doug McIntosh now has a blog at www.doomerdoug.wordpress.com
My end of the world e book “Day of the Dogs” will soon be available for sale at smashwords. The url is
https://www.smashwords.com/books/view/267340 It is also at the following url
http://www.amazon.com/-/e/B007BRLFYU

 

SAUDI ARABIA TO DEPLOY MILITARY FORCES INTO EASTERN SYRIA AT TRUMP’S REQUEST 4-19-2018

Well, the Trump Presidency has certainly been both an interesting one, as well as entertaining, in the we are all going to die style. The latest news out of Syria indicates that, as the various groups line up to attack US forces now building permanent firebases, and deploying into them, Trump has come up with plan B; namely, declare victory, hold a parade and then run like hell. In order to leave some kind of stability in Syria the idea is now to deploy an “Arab Force,” to take over from the retreating NATO forces, mostly, not all, but most are Americans. Like I said in an earlier post: follow both the money, the oil and the pipelines. Assuming Saudi Arabia really is lunatic enough to deploy its military into Eastern Syria, things could get real interesting, very quickly.

The first point I will make is that based on the combat performance of Saudi Arabia’s military in the Iranian/Saudi Arabian proxy war in Yemen, Iran, Assad Junior and Hezzbollah will not be impressed. The second point is this. What kind of reaction can any Muslim military force, Saudi Arabia, Egypt, etc expect when they deploy into Syria. The answer is it will trigger off round 300 in the 1300 year long civil war between the Shia Muslims, and the Sunni Muslims. The Sunni forces of Saudi Arabia will come against the Shia forces of Iran, Hezzbollah, and Assad Junior. Saudi Arabia will merely extend the Yemen proxy war with Iran to Syria. The Turks will try to stand back and pick up the pieces. The Russians, well Putin is likely starting to realize he needs to declare victory, hold a parade and leave. Oh wait, Putin already did that. Unfortunately for Putin, the Syrian Kraken shot out a tentacle and pulled him back in. At the minimum, Putin is going to have to seriously beef up Assad Junior’s military forces.

While our POTUS may think he is exiting Syria what will really happen is a religious war between the Sunni and Shia Muslim factions will explode; when, not if, that happens Israel will then be sucked under by the Kraken. If Saudi Arabia and Egypt deploy Sunni military forces into Syria, then the Shia forces will fight back. If they fight back, then Israel will get sucked back in. If Israel gets sucked into Syria, then the USA and NATO will get sucked back in. It isn’t like this is rocket science here, gang.

The link is below.

https://www.aljazeera.com/news/2018/…20Bird%20Brief

Saudi in talks with US over troop deployment in Syria

Foreign Minister Adel al-Jubeir says Riyadh is willing to send soldiers amid reports Trump is looking to exit Syria.

18 Apr 2018

Saudi Arabia is holding talks with the United States about sending troops into Syria as part of a wider international coalition, the kingdom’s foreign minister has said.

In his comments on Tuesday, Adel al-Jubeir said the deployment offer was “not new”, adding that Riyadh had previously proposed the idea to former US President Barack Obama.

“We are in discussion with the US, and have been since the beginning of the Syrian crisis about sending forces into Syria,” al-Jubeir told reporters in Riyadh during a press conference alongside Antonio Guterres, the UN chief.

“We made a proposal to the [previous] Obama administration that if the US were to send forces … then Saudi Arabia would consider along with other countries sending forces as part of this contingent.”

The kingdom announced its readiness to deploy ground troops in 2016 to fight the Islamic State in Iraq and the Levant (ISIL, also known as ISIS) in Syria.

While Saudi’s air force partook in the aerial campaign aimed at defeating ISIL from the very beginning in 2014, the Gulf kingdom stopped short of a full ground troop deployment.

US forces in Syria
The news came a day after the Wall Street Journal reported US President Donald Trump was looking to assemble an Arab force that would include Saudi Arabia and the United Arab Emirates to replace US military presence in Syria.

The force, which Trump’s new National Security Adviser John Bolton hopes will include Egypt, would be in charge of stabilising the northeastern part of Syria, according to the report.

Al Jazeera’s Patty Culhane, reporting from Washington, DC, noted that the US defence establishment “is going to be very wary” of the Saudi plan.

“There’s great concern among leadership inside the [US] military about the ability of Saudi forces – just look at the war in Yemen that the US has been helping them fight with intelligence and refuelling,” said Culhane.

“There have been humanitarian catastrophes, numbers of schools and hospitals that have been hit, raising big concerns among human rights activists.”

Another key question is what will happen to US troops in Syria and whether they are expected to stay as part of an expanded mission, added Culhane.

“[It is] not at all clear that Trump is going to be OK with that,” she added.

The US has an estimated 2,000 troops stationed inside Syria, according to the Pentagon.

SOURCE: AL JAZEERA NEWS

 

Doomer Doug, a.k.a. Doug McIntosh now has a blog at www.doomerdoug.wordpress.com
My end of the world e book “Day of the Dogs” will soon be available for sale at smashwords. The url is
https://www.smashwords.com/books/view/267340 It is also at the following url
http://www.amazon.com/-/e/B007BRLFYU