Michael Snyder
The Economic Collapse
September 28, 2012
The United States is not the only one with massive economic problems
right now. The truth is that just about wherever you look around the
globe things are getting even worse. China is experiencing a
substantial economic slowdown, and Japan has resorted to yet another
round of money printing in an effort to keep the Japanese economy
moving. Unemployment in Europe continues to get even worse, and the
riots this week in Spain and in Greece have been absolutely frightening
at times. In the United States there are a whole host of signs that
another recession is approaching, and the number of American CEOs that
say that they plan to eliminate jobs in the coming months is rapidly
rising. The world economy is more interconnected today than ever
before, and that means that we are all in this together. Just remember
what happened back in 2008 and 2009. The economic pain that started on
Wall Street was felt in every corner of the planet. So anyone that
believes that the United States (or any other major nation for that
matter) is going to escape the next wave of the economic crisis is
simply not being realistic. Why do you think central banks all over the
world are in "panic mode" right now? They are firing all of their
ammunition and printing money like there is no tomorrow in an attempt to
keep the system together. Unfortunately, it is not going to work.
If the powers that be had an "easy button" that would quickly fix
everything, they would have pressed it by now. But despite all of their
efforts things continue to unravel. If you want to get an idea of
where we are headed, just look at what is already happening in Europe.
Unemployment has risen above 24 percent in Greece and above 25 percent
in Spain.
Those two nations are on the "bleeding edge" of the next wave of
economic problems. Unemployment is rising almost everywhere else in
Europe as well, and things are eventually going to get really bad in
Asia and in North America too.
So hold on to your seat belts - it is going to be a bumpy ride.
The following are 14 signs from around the globe that the world economy is getting weaker....
Read More
