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The Economic And Financial Problems In Europe Are Only Just Beginning…

Euro Gears - Public DomainRight now, the financial world is focused on the breathtaking stock market crash in China, but don’t forget to keep an eye on what is happening in Europe.  Collectively, the European Union has a larger population than the United States, a larger economy than either the U.S. or China, and the banking system in Europe is the biggest on the planet by far.  So what happens in Europe really matters, and at this point the European economy is absolutely primed for a meltdown.  European debt levels have never been higher, European banks are absolutely loaded with non-performing loans and high-risk derivatives, and the unemployment rate in the eurozone is currently more than double the unemployment rate in the United States.  In all the euphoria surrounding the “deal” that temporarily kept Greece in the eurozone, I think that people have forgotten that the economic and financial fundamentals in Europe have continued to deteriorate.  Whether Greece ultimately leaves the eurozone or not, a great financial crisis is inevitably coming to Europe.  It is just a matter of time. (Read More...)

11 Signs That America Has Already Gone Down The Toilet

Toilet Paper - Public DomainJust when you think that the depravity of the United States cannot possibly get any worse, something else comes along to surprise us.  Many of the things that you are about to read about in this article are incredibly disturbing, but it is important that we face the truth about how far this nation has fallen.  There are times when I will be having a conversation with someone else about the state of our country, and the other person will say something like this: “Wow – America is really going down the toilet.”  At one time, I would have totally agreed with that.  But at this point I would have to say that we have already circled the bowl and have made it all the way through to the other end.  Our society is absolutely addicted to entertainment (most of which is utter trash), tens of millions of us are hooked on drugs (both legal and illegal), and we have murdered more than 56 million of our own babies.  Our financial system is consumed with greed, we treat our military veterans like human garbage, and most of our “leaders” in Washington D.C. are deeply corrupt.  In America today, 64 percent of all men view pornography at least once per month, it is estimated that one out of every four girls is sexually abused before they become adults, and we have the highest teenage pregnancy rate in the entire industrialized world.  We like to think that we are an “example” to the rest of the world, but the only example that we are setting is a bad one.  The following are 11 signs that America has already gone down the toilet… (Read More...)

EU Makes Greece ‘An Offer They Can’t Refuse': Agree To A Deal By Sunday Or Go Bankrupt

Gangsters - Public DomainIt looks like we aren’t going to have to wait much longer to see if Greece remains part of the eurozone or not.  Instead of softening their demands in the wake of the Greek referendum, European leaders have given the Greek government an ultimatum.  On Tuesday night, EU officials gave Greece a deadline of Thursday to submit a new proposal and a deadline of Sunday for agreeing to a deal.  If a deal is not reached on Sunday, all aid to Greece will be cut off and the nation will be faced with financial oblivion and a forced exit from the common currency.  But Angela Merkel has already made it abundantly clear that any new deal will not include a debt haircut – one of the key things that the Greek government wanted.  If a deal is actually made, it is almost certainly going to look very much like what Greece’s creditors have been offering all along.  Needless to say, this is precisely what the Greek people just voted against, but the pressure on Greek leadership is immense at this point.  In essence, they are being given “an offer they can’t refuse”.  So will the Greek government buckle under this mobster-like intimidation? (Read More...)

Is This The Beginning Of A Horrifying Stock Market Crash In Europe?

Is This The Beginning Of A Stock Market Crash In Europe?Are we witnessing the start of a historic financial meltdown in Europe?  In recent days, two massive corruption scandals have greatly shaken confidence in European financial markets.  The first involves Spanish Prime Minister Mariano Rajoy.  It is being alleged that he has been receiving illegal cash payments, and the calls for his resignation grow louder with each passing day.  The second is a derivatives scandal at the third largest bank in Italy.  Allegedly, there were some very large unreported derivatives deals that were supposed to help hide losses at the bank, but instead they actually made the losses much larger.  The investigation that is looking into this derivatives scandal is starting to spread to other banks, and nobody is quite sure how far down the rabbit hole this thing goes.  But what everyone does agree on is that this derivatives scandal has shaken up Italian politics, and the outcome of the upcoming election is now very uncertain.  Former Prime Minister Silvio Berlusconi is rapidly rising in the polls, and the European establishment is less than thrilled about that.  Meanwhile, stock indexes all over Europe fell rapidly on Monday, and even the Dow was down 129 points.  So will all this blow over in a few days, or is this the beginning of a full-blown stock market crash in Europe? (Read More...)

19 Warnings About A Coming Global Financial Catastrophe

Global leaders have tried just about everything that they can think of, but the coming global financial catastrophe continues to march steadily toward us.  We have seen “stimulus packages”, quantitative easing, bond buying, interest rate cuts, emergency economic summits, bailout packages for banks, bailout packages for entire nations, “Operation Twist”, unprecedented government intervention in business and massive amounts of new government debt and yet nothing seems to revive the global economy.  In fact, it looks like we are rapidly heading into the second dip of a “double dip recession”.  Unfortunately, many believe that this next dip will be more like a full-blown depression.  All over the world, top economic experts are warning that we are facing an unprecedented crisis of debt and insolvency that will result in a global financial catastrophe.  The eurozone is drowning in debt, the U.S. government is drowning in debt and major banks all over the globe are drowning in debt.  Global authorities have been trying to patch the system together and keep it going, but the incredible damage that all of this debt has done is now becoming apparent to everyone.  The global debt bubble that has fueled prosperity in the western world for the last several decades is getting ready to burst, and when that happens the chaos that will result will be absolutely horrifying. (Read More...)

35 Shocking Facts That Prove That College Education Has Become A Giant Money Making Scam

College education in America is a bad joke.  Instead of preparing the next generation of leaders for the jobs of tomorrow, the college education “industry” has become a giant money making scam.  We constantly preach to our high school students that they “need” to go to college and we tell them to not even worry about how much it is going to cost because a college education is “always” worth the money.  Then we lend them outrageous amounts of money so that they can pay the gigantic bills for the “education” that they are receiving.  But the truth is that the quality of education at America’s colleges and universities is absolutely abysmal these days.  I spent 8 years at U.S. universities, and most of the courses that I took could have been passed by the family dog.  Sadly, once our young people graduate they quickly discover that there are way too many college graduates and not nearly enough good jobs.  Today, we have millions upon millions of young Americans that are enslaved to student loan debt for the rest of their lives.  They were promised a bright future, but instead most of them are discovering that they are going to be working really hard to pay off financial predators for decades to come.  Unfortunately, for most college graduates a diploma is simply a ticket to a crappy job and a lifetime of debt slavery. (Read More...)

All Hail The United States Of Germany? The Rest Of Europe Is Facing Either German Domination Or Financial Collapse

It has now become very clear who dominates Europe.  As European officials prepare to gather for one of the most important summits in EU history, it has become apparent that either the German plan for a new EU treaty is going to be adopted or there is not going to be a deal at all.  Germany wants to impose strict new fiscal restraints on all of the eurozone nations.  This would include a new 3 percent budget deficit rule with automatic sanctions on any violators.  The European Court of Justice would be given power to decide whether or not an individual nation was complying with the 3 percent rule or not.  A highly controversial new tax on all financial transactions is also being proposed, along with a number of other repressive new regulations that are designed to more tightly integrate Europe.  Germany says that if all 27 EU nations are not willing to go along with a new treaty then it is prepared to strike an agreement with just the 17 nations that make up the eurozone.  But not everyone is thrilled with what Germany is trying to do.  Critics are saying that the German proposals (which are also being backed by the French) would mean a massive loss of sovereignty for most of the nations that make up the eurozone, and they would essentially turn the eurozone into “the United States of Germany”. (Read More...)

Major Earth Changes Coming? Earthquakes Are Becoming Much More Frequent And Much More Powerful

Are earthquakes becoming more frequent and more powerful?  With only two months to go, we are on pace to have more earthquakes of magnitude-5.0 or greater this year than we have had during any other year over the past decade by far.  In fact, as you will see in this article, since the year 2000 there has been a very clear upward trend in the number of major earthquakes.  So is this an indication that major earth changes are coming?  Is our planet becoming increasingly unstable?  We are currently witnessing tremendous political, social and financial upheaval all over the globe.  Every week the economic crisis in the United States and elsewhere seems to get even worse.  So what is going to happen if the shaking of the earth becomes even more intense and major cities all over the planet start getting leveled?  For most of human history we have seriously underestimated the awesome destructive power of natural disasters, and the fact that the number of earthquakes around the world seems to be going up consistently should be a huge wake up call for all of us. (Read More...)

They Want A “United States Of Europe” But They Are Going To Need A Massive Financial Crisis In Order To Get It

Are we about to see a huge push for a “United States of Europe”?  As the sovereign debt crisis in Europe continues to spiral out of control, suddenly this term is popping up in the New York Times and in major newspapers all over Europe.  So is this by accident?  Surely not.  The truth is that there is an overwhelming consensus among the political and financial elite of Europe that a “United States of Europe” is what would be best for the eurozone.  However, they are likely going to need a massive financial crisis in order to reach their goal.  Right now, the citizens of the countries that make up the eurozone are overwhelmingly against deeper European integration.  Without experiencing a massive amount of financial pain, they are unlikely to change their minds any time soon.  So who is going to win in the end?  Unfortunately, the clock is ticking because Greece is on the verge of defaulting on their debts and several other countries are not that far behind.  If Europe does not decide on a course of action soon, the euro is going to collapse and financial institutions all over Europe are going to come crashing down. (Read More...)