The Economic Collapse Blog runs wonderful articles on bad stuff that is threatening us. I love these articles, because the editor posts links to at least one article that supports his claim. These links are a treasure trove.
The editor has a knack for assembling these links into one comprehensive summary. One after another, link by link, we can see what a mess the governments of the world have made of the economy.
You can think of these as dominoes ready to topple. You can think of them as a room full of explosives, where politicians are smoking, despite “No Smoking” signs. Or you can think of these as anomalies in a world run by central bankers, politicians, and well-paid tenured bureaucrats. But the lists are nevertheless disturbing.
Here are recent highlights.
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#1 According to CNN, the level of selling by insiders at corporations listed on the S&P 500 is the highest that it has been in almost a decade. Do those insiders know something that the rest of us do not?
#2 Home prices in the United States have fallen for six months in a row and are now down 35 percent from the peak of the housing market. The last time that home prices in the U.S. were this low was back in 2002.
#3 It is now being projected that the Greek economy will shrink by another 5 percent this year.
#4 Despite wave after wave of austerity measures, Greece is still going to have a budget deficit equivalent to about 7 percent of GDP in 2012.
#10 It is looking increasingly likely that a major bailout for Spain will be needed. The following is from a recent Reuters article….
Economic experts watching Spain don’t know how much money will be needed or precisely when, but some are near certain that Madrid will eventually seek a multi-billion euro bailout for its banks, and perhaps even for the state itself.
#11 Analysts at Moody’s Analytics are warning that Italy has now reached financially unsustainable territory….
“Italy is already out of fiscal space, in our estimate.” said Moody’s. “Its debt levels relative to GDP already exceed a manageable level. The manageable limit for Italian 10-year bond yields is estimated at 4.2pc. As of Wednesday, Italian 10-year yields were 5.46pc.”
#12 It is being projected that the Portuguese economy will shrink by 5.7 percent during 2012.
#15 The top economist for the IMF, Olivier Blanchard, recently made this statement: “One has the feeling that at any moment, things could get very bad again.”
#17 George Soros is publicly declaring that the European Union could soon experience a collapse similar to what happened to the Soviet Union.
#20 Goldman Sachs is projecting that the S&P 500 will fall by about 11 percent by the end of 2012.
#21 Over the past six months, hundreds of prominent bankers have resigned all over the globe. Is there a reason why so many are suddenly leaving their posts?
#22 The 9 largest U.S. banks have a total of 228.72 trillion dollars of exposure to derivatives. That is approximately 3 times the size of the entire global economy. It is a financial bubble so immense in size that it is nearly impossible to fully comprehend how large it is.
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For the entire list, click the link.
yeah i get the 22 reasons, i need a closer call on the WHEN
How does imminent sound? It's happening now, the government is desparate to raise your as we speak taxes, fees.
And yet people and politicians are not screaming governments are spending to much money they still promise and we still want will we get someone who will speak and teach the truth before its to late
Sorry, but America DESERVES what happens to her!!!
Too many entitled screaming MUCH LOUDER than the 'honest, hard working American'!!! Why aren't our local politician's offices being FLOODED like the homosexuals and illegals SCREAMING are about getting THEIR 'rights'???
I HOPE America goes BUST!!! The only ones surviving are the ones who KNOW how to WORK!!!!
http://www.trunews.com with Rick Wiles.
yes absolutely !!!
The only good news is that God still sits on His throne and is still in control. If He watches over the sparrow He will certainly watch over us. He will step in, but only on time of His choosing…not ours. I have a feeling He may just sit back and allow human’s sinful nature run its course while many of God’s fearing sit passively by in a state of ambivalence.
SERVANT LEADERSHIP, FIGHT AGAINST THE NWO and THE BANALITY OF EVIL. The Little Known Flip Side of the Milgram Experiment. Refuse To Comply! Learn more, http://thedailybell.com/3836/Joel-F-Wade-The-Bana…. You are probably familiar with Stanley Milgram's Obedience to Authority experiments. Subjects were asked to administer ascending quantities of electrical shock to people each time they answered a question incorrectly. Two thirds of participants administered the full range of shock, simply because the person in authority, a man with a white coat, would say, "The experiment requires that you continue." This is very scary, of course, but there's more to the story. In a little known but vitally important detail in these experiments, those who witnessed another person refuse to comply with the authority were dramatically more likely to refuse to comply themselves. In this case only 10% obeyed the orders of the authority. The power of a positive example represents a huge potential for good. One representative with that kind of integrity can make a world of difference, the potential to defy the status quo of the Progressive Agenda. Now comes the hard work of dismantling the EVIL Administrative State that has been built in defiance of our founding principles.
Then why did he give us the choice thing? And why didn't he save 6 million Jews? His chosen people. Who saved what was left? The USA that is who!