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20 Signs That The Next Great Economic Depression Has Already Started In Europe
05-01-2013, 01:05 AM #1
Posts:4,526 Threads:1,029 Joined:Jun 2012
Quote:[Image: 20-Signs-That-The-Next-Great-Economic-De...00x225.png]

The next Great Depression is already happening - it just hasn't reached the United States yet. Things in Europe just continue to get worse and worse, and yet most people in the United States still don't get it. All the time I have people ask me when the "economic collapse" is going to happen. Well, for ages I have been warning that the next major wave of the ongoing economic collapse would begin in Europe, and that is exactly what is happening. In fact, both Greece and Spain already have levels of unemployment that are greater than anything the U.S. experienced during the Great Depression of the 1930s. Pay close attention to what is happening over there, because it is coming here too. You see, the truth is that Europe is a lot like the United States. We are both drowning in unprecedented levels of debt, and we both have overleveraged banking systems that resemble a house of cards. The reason why the U.S. does not look like Europe yet is because we have thrown all caution to the wind. The Federal Reserve is printing money as if there is no tomorrow and the U.S. government is savagely destroying the future that our children and our grandchildren were supposed to have by stealing more than 100 million dollars from them every single hour of every single day. We have gone "all in" on kicking the can down the road even though it means destroying the future of America. But the alternative scares the living daylights out of our politicians. When nations such as Greece, Spain, Portugal and Italy tried to slow down the rate at which their debts were rising, the results were absolutely devastating. A full-blown economic depression is raging across southern Europe and it is rapidly spreading into northern Europe. Eventually it will spread to the rest of the globe as well.

more - http://theeconomiccollapseblog.com/archi...-in-europe
05-01-2013, 01:46 AM #2
Octo Mother Superior
Posts:41,550 Threads:1,589 Joined:Feb 2011
No things are fukn fabulous in Europe, that's the moon of Jupiter we're talking about right? blonde.gif
Anonymous Kritter Show this Post
05-01-2013, 10:18 AM #3
Anonymous Kritter Incognito
"next" depression? we never left the depression which started 2008/2009... due to various governmental interventions all over europe we just held the status quo until this year. lol
i'm waiting for ww3 anyway. coffeetime.gif out of the ashes of the next ww the phoenix will rise. :D


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