Global Economy Collapsing

Many thanks to the Hyper Report for pointing to the reports below:

Today’s Items:

First…
Greece Is Back!
http://www.zerohedge.com

It appears that the Greek crisis is about to flare up, yet again… Euro-zone finance ministers were meeting in Brussels for a secret meeting to discuss mounting concerns over Greece’s bailout. But get this, representatives of the Greek government were not invited; so that, they do not have voice for their future.

Next…
World Faces Catastrophic Danger
http://kingworldnews.com

According to Paul Craig Roberts,  the biggest financial danger is the collapse of the dollar as the world’s reserve currency. If the world’s reserve currency collapses, the payments mechanism everywhere is disrupted, and the reserves of central banks evaporate. The panic and domestic inflation in the U.S. dwarfs any banking crisis and it appears we are getting nearer to that point.

Next…
6 Signs of 2014 Super Crash
http://goldsilverworlds.com

Here are a few without going into detail…
1. Market distortions, because QE, are appearing in emerging markets such as Turkey.
2. Manipulation, from LIBOR to gold price fixing, is entering the mainstream public debate.
3. Banks are once again reporting losses as we hear of more banker suicides.

Next…
Disposable Income
http://www.zerohedge.com

Real disposable personal income dropped by 0.2% from a month earlier, and plummeted by 2.7% from a year ago. This was the biggest collapse since the semi-depression in 1974. Yet, Obama says the economy is great?

Next…
American Savings
http://www.zerohedge.com

U.S. consumers funded some 46 billion dollars in spending by burning down their personal savings.    At of end of  December, 2013, total personal savings left were down to 495 billion dollars. Keep in mind, despite this massive dip in savings to support the holiday season, retailers still reported that they had the worst sales season since 2008. Yet, Obama says the economy is great?

Next….
Walmart Sales Slump
http://uk.finance.yahoo.com

Officials at Walmart stated that bad weather and cuts in food stamp support hurt their profit margin.
Aside from the fact that they need more global warming to help in the bottom line, we have a direct connection between Walmart’s bottom line and the government Food Stamp program that will soon no longer be managed by JP Morgan.

Next…
Butter Wins
http://www.naturalnews.com

Good old-fashioned butter sales are up 65%, since 2000, and margarine sales are down significantly.   This is because people are learning that saturated fats from pastured animals is healthy while margarine is so bad that even ants know to avoid it.

Finally, please prepare now for the escalating economic and social unrest. Good Day!

Go to: http://hyperreport.org/2014/02/03/140203/
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3 comments on “Global Economy Collapsing
  1. RonMamita says:

    http://themoneygps.com/bankers-steal-from-greece-gain-billions/
    Germany preparing third financial rescue for Greece
    Finance minister says Greece can avoid third bailout
    “A second round of bailouts for Greece is needed. Despite the billions given during the first round, it just wasn’t enough. It will continue.” – PG 68
    Rush on Northern Rock continues

    Sources:
    http://www.theguardian.com/world/2014/feb/02/germany-preparing-third-financial-rescue-greece
    http://www.irishtimes.com/news/world/europe/finance-minister-says-greece-can-avoid-third-bailout-1.1648706
    http://news.bbc.co.uk/2/hi/6996136.stm

    Like

  2. RonMamita says:

    Elites Run Systemic Stress Tests Ahead Of More Global Chaos

    “Dr. Roberts touched on the dilemma for the Fed in his recent KWN interview. We were intrigued by his comment that the Fed must soon choose between the banks and the dollar. Our fear is that they will choose both, and that there is a third option in their playbook. That option is a ramp in the financial repression. The candidates that come to mind are the bail-in and the recently announced “MyIRA.” There have been recent episodes of banks refusing to allow cash withdrawals above certain amounts or without explanations as to the use of the cash as well as ATM system failures. We should consider the possibility that this represents stress testing the reaction to the policies by the depositors. Global wealth taxes have been also proposed.”

    http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/2/2_Elites_Run_Systemic_Stress_Tests_Ahead_Of_More_Global_Chaos.html

    Like

  3. RonMamita says:

    Shocking Reality Of What Will Happen As Currencies Collapse

    …“What happens in countries like this is you have to go around with big wads of money to pay for things and nobody ever has any small change. So what’s happened in some of the Latin American countries, and I specifically remember in Argentina, people started to use candies as small change. You would buy a newspaper and they would give you 3 or 4 candies back (laughter ensues again).”

    People get quite innovative as they go into ‘survival mode.’ When they get paid they go out and spend it right away. So the velocity of money becomes very, very high in these countries because you want to get rid of the money before it depreciates.

    There is no waiting to pay. If you have a bill the collector is there that afternoon waiting to collect the money, and it becomes an all-cash economy. People routinely carry around large wads of cash with them”…

    http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/1/30_Shocking_Reality_Of_What_Will_Happen_As_Currencies_Collapse.html

    [NOTE: this rarely occurs in a reserve currency nation, unless someone can find evidence to the contrary. I have not found any, when the British was no longer the reserve currency for example…]

    Like

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The Worldwide Awakening
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