Thursday, January 5, 2012

Falling dominoes

Falling dominoes


Financial experts across 60 countries are publicly warning of the

impending global financial disaster. The world's politicians and the
governments they run have painted their economies into a corner after
decades of mismanagement and now there's no safe place to hide.

The dominoes will fall like this: the European Economic Union (EEU) has

run out of options. Servicing debt with debt is a losing proposition. It's
like flapping your arms wildly after you've fallen off the edge of the
Grand Canyon.

The EEU's demise will cause the cracks in America to widen until

everything tumbles into the gaping pit.

Massive trade disruption and lack of revenue will cause the Eastern

European, the Russian Federation and Chinese economies to collapse.

Africa will become a seething hellhole and Australasia will fall as well.

Another warning sign: New Zealand just had its sovereign debt downgraded.

Dead

Most of the world is broke. Dead broke. The stage after being dead broke

is just dead.

Countries that are self-sufficient in the Southern Hemisphere might fare

better than among them Chile, Brazil and Peru. The irony is not lost there,
however, as just several decades ago Brazil had a shaky economy hovering
near the bottom of the world's economies.
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Earthquakes, hurricanes, tsunamis, nuclear meltdowns..all fade into

insignificance compared to the coming whirlwind of financial Armageddon
many of the world's top experts see directly ahead.

Economic Doomsday some are calling it. And now they say it's literally

unavoidable. Starvation, collapse and death on an Apocalyptic scale.

Will it be as bad as the Great Depression or World War Two? Worse, say

many economists. Those events were a walk in the park compared to the total
economic collapse coming to scores of countries.