Posts Tagged ‘economic’

The Great Collapse Has Officially Begun

Monday, 22 August 2011 08:39

‘In simple terms, we’ve now entered the Real Crisis, the END GAME, for our current monetary system. Before the dust settles on this mess, the US and its political, economic, monetary structure will look very very different.

However, before we get there, we will see riots, civil unrest, possibly martial law, for certain a Government shutdown, bank holidays, a debt default/ restructuring, the re-instatement of the Gold standard or something like it (possibly a basket of commodities), food shortages, and more.

We will also see trade wars, possibly another World War, a temporary backlash against globalization, a de-consolidation or fragmentation of corporate America, and other items.’

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Categories: Global news Tags: ,

European Markets Plunge on Economic Crisis

Wednesday, 10 August 2011 05:00

‘Markets in Europe plummeted to a two-year low on Tuesday, with London’s FTSE as well as Frankfurt’s DAX indexes diving by more five percent each, while the Paris Bourse declined more than three percent, Reuters reported. Other European indexes witnessed an almost similar plunge.

Investors have voiced widespread skepticism on whether policymakers can stop the downward spiral after the Standard & Poor’s (S&P) credit ratings agency downgraded the US’s rating from AAA to AA+ on Friday.’

Read more: European Markets Plunge on Economic Crisis