The Beginning Of The End
The Beginning Of The End By Michael T. Snyder - Kindle Version

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11 Quotes That Show How Worried The Financial World Is About Europe Right Now

The recent elections in France and in Greece have thrown the global financial system into an uproar.  Fear and worry are everywhere and nobody is quite sure what is going to happen next.  All of the financial deals that Greece has made over the past few years may be null and void.  Nobody is going to know for sure until a new government is formed, and at this point it looks like that is not going to happen and that there will need to be new elections in June.  All of the financial deals that France has made over the past few years may be null and void as well.  New French President Francois Hollande seems determined to take France on a path away from austerity.  But can France really afford to keep spending money that it does not have?  France has already lost its AAA credit rating and French bond yields have started to move up toward dangerous territory.  And Greek politicians are delusional if they think they have any other choice other than austerity.  Without European bailout money (which they won't get if they don't honor their current agreements), nobody is going to want to lend Greece a dime. (Read More....)

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The Number One Catastrophic Event That Americans Worry About: Economic Collapse

Can you guess what the number one catastrophic event that Americans worry about is?  There are certainly many to choose from.  Many Americans are deathly afraid of a major terrorist attack.  Others live in constant fear of natural disasters such as earthquakes, volcanoes and hurricanes.  Still others are incredibly concerned that a massive pandemic will break out at any time or that World War III will erupt in the Middle East.  Yes, there are certainly a lot of potential catastrophic events that one can worry about in the times in which we live, but the number one catastrophic event that Americans worry about is actually "economic collapse".  At least that is what a recent survey conducted by Leiflin Inc. for the EcoHealth Alliance found.  But this goes along with what so many other polls have found over the past few years.  Over and over again, opinion polls have found that the number one issue that American voters are concerned about is the economy.  The truth is that average Americans are deeply, deeply concerned about unemployment, debt, the housing crash and the steady decline in the standard of living.  It has been years since the U.S. economy has operated at a "normal" level, and many Americans are afraid that things could soon get a whole lot worse. (Read More....)

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