There has been no total global economic collapse yet, just tremors so far.
The Powers That Be have been busy kicking the can down the road so they can continue burning and pillaging, getting themselves vastly rich and powerful in the process. The can is running out of room to be kicked.
In fact, there is no can anymore....
Were talking worse than the great depression.
Spain just took a "bailout" over $100billion this week, it was gone in a day... A DAY!! !! !! ! But the talking heads are up there chanting "it's okay, it's okay, it's okay, rah rah rah hey hey hey!" "recovery!!"
We still have another housing bubble, a student debt bubble and a credit card bubble just waiting to pop in the USA
China... Oh wow, poor China... They are building HUGE massive cities as make work projects that nobody lives in...... something like 70 million empty newish units.... Look up "ghost cities china". Still, I think the renmimbi will end up taking over the US Dollar....
Canada has been lying about their banks, leverage, exposure....
Germany is going to finally win the war... decades later, without bullets.
The core and periphery of the EU are totally broken and broke.
All of them are printing money out of thin air backed by nothing other than more debt at ever higher interest rates... The whole global economy has been hi-jacked and turned into a giant ponzi scheme. The rich get richer, the poor get... poorer..
Global debt is so top heavy it would take the GDP of the globe a thousand years to pay off (generalizing a bit here)
Last edited by MarthaCannary on 13 Jun 2012, 2:43 pm, edited 2 times in total.