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DOOM ALERT: The Largest Economy In The World Is Imploding Right In Front Of Our Eyes

 
waht
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User ID: 24118278
United States
10/07/2012 09:26 AM
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DOOM ALERT: The Largest Economy In The World Is Imploding Right In Front Of Our Eyes
A devastating economic depression is rapidly spreading across the largest economy in the world. Unemployment is skyrocketing, money is being pulled out of the banks at an astounding rate, bad debts are everywhere and economic activity is slowing down month after month. So who am I talking about? Not the United States – the economy that I am talking about has a GDP that is more than two trillion dollars larger. It is not China either – the economy that I am talking about is more than twice the size of China. You have probably guessed it by now – the largest economy in the world is the EU economy. Things in Europe continue to get even worse. Greece and Spain are already experiencing full-blown economic depressions that continue to deepen, and Italy and France are headed down the exact same path that Greece and Spain have gone. Headlines about violent protests and economic despair dominate European newspapers day after day after day. European leaders hold summit meeting after summit meeting, but all of the “solutions” that get announced never seem to fix anything. In fact, the largest economy on the planet continues to implode right in front of our eyes, and the economic shockwave from this implosion is going to be felt to the four corners of the earth.

On Friday, newspapers all over Europe declared that Greece is about to run out of money (again).

The Greek government says that without more aid they will completely run out of cash by the end of November.

Of course the rest of Europe is going to continue to pour money into Greece because they know that if they don’t the financial markets will panic.

But they are also demanding that Greece make even more painful budget cuts. Previous rounds of budget cuts have been extremely damaging to the Greek economy.

The Greek economy contracted by 4.9 percent during 2010 and by 7.1 percent during 2011.

Overall, the Greek economy has contracted by about 20 percent since 2008.

This is what happens when you live way above your means for too long and a day of reckoning comes.

The adjustment can be immensely painful....


Read more at [link to investmentwatchblog.com]
Anonymous Coward
User ID: 25115298
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10/07/2012 09:43 AM
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Re: DOOM ALERT: The Largest Economy In The World Is Imploding Right In Front Of Our Eyes
verysad

We don't need to get hit by an asteroid, or get blown up in WWIII.

We'll just fizzle out and go down the drain real slow.
Anonymous Coward
User ID: 16932400
United Kingdom
10/07/2012 09:55 AM
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Re: DOOM ALERT: The Largest Economy In The World Is Imploding Right In Front Of Our Eyes
verysad

We don't need to get hit by an asteroid, or get blown up in WWIII.

We'll just fizzle out and go down the drain real slow.
 Quoting: Anonymous Coward 25115298


every day, more and more babies are being born. population is rocketing. we can't cope NOW!

big events are RIGHT on our doorsteps. ALL of our doorsteps.
535
User ID: 1326993
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10/07/2012 10:17 AM
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Re: DOOM ALERT: The Largest Economy In The World Is Imploding Right In Front Of Our Eyes
This has been planned.

It is obvious that a fiscal union without a political one would not work in the long run. The problem was given to Europe, with eyes open.

The solution to this created problem was the entire point of the fiscal union: A politically United Europe.

Once this is complete, Europe will have a single large military, political structure, and fiscal structure. This is being done to offset the Islamic super state consolidation.

News








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