So… remember I told you this was going on?

Spaniards alarmed by the dire state of their banks are squirreling money abroad at the fastest rate since records began, figures showed on Thursday, and the credit ratings of eight regions were cut.

Spain is the next country in the firing line of the euro zone’s debt crisis, with spendthrift regions and shaky banks threatening to blow a hole in state finances and pushing funding costs towards levels that signal the need for a bailout.

In related news, the Obama administration unexpectedly announced a reduction of economic growth from 2.1% to 1.9% in the last quarter…

Plus, orders from China for the creation of Christmas gifts to sell back to the USA has dropped dramatically since last year…

Ominous rumblings indeed. Hold on to your hats, I think 2012 is going to end up being a memorable year.