Are You Prepared For The Coming Economic Collapse And The Next Great Depression?
Well, it is official. The restructuring deal between Greece and private investors has been pushed through and the International Swaps and Derivatives Association has ruled that this is a credit event which will trigger credit-default swap contracts. The ISDA is saying that there are approximately $3.2 billion in credit-default swap contracts on Greek debt outstanding, and … Read more
I wish that I had an “aha moment” to share with you today, but instead all I have is an “ack moment” to share. As I was analyzing all of the info coming out of Europe in recent days, I came to the following realization: “Ack! They are actually going to let Greece default!” The … Read more
The rest of the world needs to sit up and take notice of what is going on in Greece right now. This is what can happen when you allow government debt to spiral out of control. Once it becomes clear that you can’t pay your debts, a financial collapse can happen very suddenly and you … Read more
Is the Greek debt crisis about to explode out of control? According to Der Spiegel, the government of Greece is considering leaving the Euro and reestablishing its own currency. If that happened, it would throw global financial markets into chaos and it might mean the end of the euro as a pan-European currency. But the … Read more
The Irish banking system is melting down right in front of our eyes. Ireland, Portugal, Greece and Spain are all drowning in debt. It is becoming extremely expensive for all of those nations to issue new debt. Officials all over Europe are begging Ireland to accept a bailout. Portugal has already indicated that they will … Read more
Up to this point, it seems as though most Americans have not really been too concerned about the financial meltdown that is taking place in Greece. But they should be. The truth is that the debt crisis we see playing out in Greece may soon repeat itself in some of the largest nations in the world such as Japan, … Read more
Order is breaking down all over the western world as governments lose control of their populations. Farmers have been holding angry protests throughout Europe, enormous groups of migrants have been rioting on a regular basis, looting has become a way of life in many communities in the United States, and now truckers are calling for … Read more
This wasn’t supposed to happen. For months, I have been writing article after article about the rapidly growing global food crisis, but even though drought is devastating so many other crops all over the planet I thought that there would be plenty of rice in 2023. Unfortunately, I was wrong. As you will see below, … Read more