Hang onto your anusburgers, everybody! IMF adviser Dr. Robert Shapiro is (very calmly?) here to inform us that the world is on the brink of another Rapture, except instead of nuthatch evangelicals disappearing from Earth, this time it's just "all the world's money," and instead of Space Jesus perpetrating this nefariousness it's "humans as usual" with their corrupt financial institutions and cascading European sovereign debt crises poised to annihilate the global economy, again. Watch Shapiro say "meltdown" so many times that we should all expect Earth to liquefy back into a state of primordial ooze by approximately Halloween.

Zero Hedge has part of the transcript:

"If they can not address [the financial crisis] in a credible way I believe within perhaps 2 to 3 weeks we will have a meltdown in sovereign debt which will produce a meltdown across the European banking system. We are not just talking about a relatively small Belgian bank, we are talking about the largest banks in the world, the largest banks in Germany, the largest banks in France, that will spread to the United Kingdom, it will spread everywhere because the global financial system is so interconnected. All those banks are counterparties to every significant bank in the United States, and in Britain, and in Japan, and around the world. This would be a crisis that would be in my view more serious than the crisis in 2008."

'They" in this case are the "political leaders," so ...yeah, good luck, everybody. And if miraculously this doesn't manage to collapse civilization, the CEO of Nestle mentioned that the coming wars over basic commodities should do the trick:

The head of the world's biggest food company Nestle  said on Friday that rising food prices have created conditions "similar" to 2008 when hunger riots took place in many countries.

"The situation is similar (to 2008). This has become the new reality," the Swiss giant's chairman Peter Brabeck-Letmathe told the Salzburger Nachrichten daily in his native Austria in an interview.

"We have reached a level of food prices that is substantially higher than before. It will likely settle down at this level."

Like we said, hang tight to the anusburgers, America! [Zero Hedge/AFP]


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