21 Signs Of Impending Doom For The 2011 Economy
If you are not aware of how rapidly the global economic situation is unraveling you need to snap out of it and start paying attention. The world economy was relatively stable in 2010, but here in 2011 things are deteriorating very quickly. Right now there is major civil unrest in at least a dozen different nations in Africa and the Middle East. The civil war going on in Libya has sent the price of oil skyrocketing and the protests that are scheduled to begin in Saudi Arabia later this month could send oil prices even higher. Meanwhile, the sovereign debt crisis in Europe just seems to get worse by the day. Several nations in Europe are suddenly finding that it has become extremely expensive to finance more debt. It appears that it will only be a matter of time before more bailouts are needed. Meanwhile, the United States is also covered in a sea of red ink and the economic situation in the largest economy on earth continues to deteriorate rapidly. It is as if the entire world financial system has caught a virus that it just can't shake, and now it looks like another massive wave of financial disaster could be about to strike. Does the global economy have enough strength to weather a major oil crisis in 2011? How much debt can the largest nations in North America and Europe take on before the entire system collapses under the weight? Will 2011 be a repeat of 2008 or are we going to be able to get through the rest of the year okay? Only time will tell.
But it is quickly becoming clear that we are reaching a tipping point. If the price of oil keeps going up, all hopes for any kind of an "economic recovery" will be completely wiped out. But if the globe does experience another economic slowdown, it could potentially turn the simmering sovereign debt crisis into an absolute nightmare. The U.S. and most nations in Europe are having a very difficult time servicing their debts and they desperately need tax revenues to increase. If another major economic downturn causes tax revenues to go down again it could unleash absolute chaos on world financial markets.
read more http://endoftheamericandream.com/archives/21-signs-of-impending-doo...
But it is quickly becoming clear that we are reaching a tipping point. If the price of oil keeps going up, all hopes for any kind of an "economic recovery" will be completely wiped out. But if the globe does experience another economic slowdown, it could potentially turn the simmering sovereign debt crisis into an absolute nightmare. The U.S. and most nations in Europe are having a very difficult time servicing their debts and they desperately need tax revenues to increase. If another major economic downturn causes tax revenues to go down again it could unleash absolute chaos on world financial markets.
read more http://endoftheamericandream.com/archives/21-signs-of-impending-doo...
Comment
"Destroying the New World Order"
THANK YOU FOR SUPPORTING THE SITE!
Latest Activity
- Top News
- Everything
How Man-Made Clouds Can Help Save Coral Reefs
Scientists have come up with a unique strategy for protecting corals in Australia’s Great Barrier Reef. @nikolajcw meets an oceanographer to see how man-made...
Can it get any Sicker !
"Sick, sad, gut wrenching and true. It is understandable why so many families are fleeing Britain…"
What is Reality? Ask Doctor Steven Greer
So, what is the mystery drone sightings all about? We’re going to have to jump down a rabbit hole…See More
THE FALL OF THE CABAL by Janet Ossebaard & Cynthia Koeter (THE SEQUEL) Part 9
"And there are the atheists who say there's no such thing as the Devil."
Prime clown idiot of the year.
"Wow the Pause button for this circus just got hit. Prime clown silenced his own self right out of…"
In The Year 2525 - Groove Guild feat. Jean Rohe
Master recording by Groove Guildwww.grooveguild.comSocial handles - @GrooveGuildAll visuals by Sarofskywww.sarofsky.comSocial handles - Instagram - @Sarofsky...
© 2025 Created by truth.
Powered by
You need to be a member of 12160 Social Network to add comments!
Join 12160 Social Network