Here is a list of the most worrying signs indicating an imminent* escalation of the financial situation in the US and Europe. As, again, nothing has been solved during the 2008 recession the coming economic collapse could be the worst in 100 years.
The economic system that most of the world relied on since the second world war is based on fiat money and never-ending increase of consumption and production. It failed to address and regulate the requirement that in order to keep businesses growing the purchase power of the many (99%) needs to grow not the few (1%).
For decades, we were not living in a world of free trade** but large-scale / accelerating corporatism and artificially enhanced consumerism peppered with planned obsolescence.
The concept of free trade does not work for the people (“the many”) anymore when the people are effectively manipulated into their needs…
The following lists is a compilation of some of the most worrying data in my opinion:..
* Could happen at any time; but IMHO the most likely time is after the November election.
**There can be no “free trade” or anything that can be called a level playing field when a few people can create money out of thin air and everybody else cannot. See Web of Debt by Ellen H. Brown for an in depth tutorial….before it’s too late.
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