The Economy Of The Largest Superpower On The Planet Is Collapsing Right Now

The years 2015/2016 may get quite interesting for the so called western countries. A little doom porn to end or start your day with..

How do you fix a superpower with exploding levels of debt, that has a rapidly aging population, that consumes far more wealth than it produces, and that has scores of zombie banks that could collapse at any moment.

You might think that I am talking about the United States, but I am actually talking about Europe.

You see, the truth is that the European Union has a larger population than the United States does, it has a larger economy than the United States does, and it has a much larger banking system than the United States does. Most of the time I write about the horrible economic problems that the U.S. is facing, but without a doubt economic conditions in Europe are even worse at the moment. In fact, there are many (including the Washington Post) that are calling what is happening in Europe a full-blown "depression". Sadly, this is probably only just the beginning. In the months to come things in Europe are likely to get much worse.

www.activistpost.com...

Well now ain't that just a kick in the face? Then again its not like it could go any other way, we humans set ourselves on this path long ago.

a reply to: 727Sky

The article is right. But the "full-blown depression" is in half of Europe (the South).

I expect the ECB will pull the QE card in desperation somewhere in the first half of 2015.

thanks for the paranoia... I just moved to Germany and will be there for the next 4 years...

All money does (or lack of) is cause problems!

Pretty much the entire world is a financial house of cards for the most part. Any of the world's big economies coming down will pull down the rest. Not even China is on solid footing. They have massive public debt, too.

originally posted by: ketsuko
Pretty much the entire world is a financial house of cards for the most part. Any of the world's big economies coming down will pull down the rest. Not even China is on solid footing. They have massive public debt, too.

You`re right about that. Chinese economic figures can`t be trusted just like those coming from the US/EU.

And to add, I`m still trying to figure out this move by the Chinese and US/Canadian government :

“The Renminbi Hub”: Chinese Banks Acquire Stakes in US and Canadian Banks. Is There a Hidden Agenda?

Source

I`m always pondering if they are going to use the US (and or EU) economy as a sort of a bad bank and let it collapse so the rest can survive.

a reply to: 727Sky

So the real debt question is who has all this money owed by the major powers? This many trillions has to be somewhere, rather paper or computer (digital money) where is it?

originally posted by: MarlinGrace
a reply to: 727Sky

So the real debt question is who has all this money owed by the major powers? This many trillions has to be somewhere, rather paper or computer (digital money) where is it?

That's the trillion dollar question that will never be answered. Who owns the Fed, IMF and World Bank? Who owns the major multinational corporations? Who inserts the 00000's into the world's digital accounts? Who indeed. If the world is bankrupt who are the creditors? Aren't the creditors by very definition a part of this world, so who does the "world" owe this money to? The idea of credits in the form of currency that can be manipulated and that is rigged to benefit the extreme few, is an idea based on insanity, yet people are more afraid of the possible options then they are of the current reality (which will lead to possible extinction). It's the frog in the slowly boiling pot syndrome.

If the money is printed out of thin air, and the worlds corporations borrow it or borrow against it at interest then who is to be paid for it? There is no such thing. It is all a ponzi scheme. That is the real kick in the pants. They all did this together so that a very few could get rich before it collapses.


a reply to: Chewingonmushrooms

originally posted by: ketsuko
Pretty much the entire world is a financial house of cards for the most part. Any of the world's big economies coming down will pull down the rest. Not even China is on solid footing. They have massive public debt, too.

Chinese corporate debt now stands at $14.2 trillion, a lot of the bank loans are tied to the value of stock piled copper, which is loosing value by the day.

The problem is not printing money, its the bankers adding more money in to the economy out of thin air.
Every time they issue a loan, bam... more money (interests)

Like the guy with the only 100 dollar bill in the whole world, you lent it from him, but now you have to pay him 120 $...
But... THERE IS ONLY 100 DOLLAR IN THE WORLD !!!

Genius at work

a reply to: MarlinGrace

one Banking family, Rothschild. And if anyone thinks debts will be forgiven think again. The debt will be collaterized against hard assets.

a reply to: 727Sky
Part of the EU's trouble is that Luxenburg has been doing private little deals with the corporations and businessess that lets them off paying the right amount of tax and probably in some cases tax at all.

This has now been exposed and with the trouble in Belgium where about 100,000 - 120,000 people have demonstrated as well as the demonstrations in Greece and other places the governments that do these little deals against the public are probably up for a comeuppance and about time too!

I think that a government official proved to be working against the interests of the people he represents should be done for treason and its well time this was brought into the public's mind - to make these people responsible and pay.

originally posted by: MarlinGrace
a reply to: 727Sky

So the real debt question is who has all this money owed by the major powers? This many trillions has to be somewhere, rather paper or computer (digital money) where is it?

That's easy, we do! Our "future" cash bought today's bonds that creates the flow of capital called QE.

So it's our pensions that own the debt.

My theory is that everyone will be looking for a whole lot of something that no one actually has, and this is where WWIII actually starts.

But who is all this money owed too ?

Could it just be that our Zionist banker in Israel hold all the debt and print money out of thin air to bribe/lobby our leaders who all have far more money than the job pays them.

Naw, I am just being silly so just who does the world owe all this money too ?

originally posted by: VirusGuard
But who is all this money owed too ?

Could it just be that our Zionist banker in Israel hold all the debt and print money out of thin air to bribe/lobby our leaders who all have far more money than the job pays them.

Naw, I am just being silly so just who does the world owe all this money too ?

That's the other half of the equation. I think it's so incestuous in the lending that no one will be able to figure that out either. And even if all of it is owed to a very few people, how are they going to collect it when it doesn't exist and the rest of the world outnumbers them, including the militaries? It's not like the governments are going to just say, "Oh, hey yeah, you own us now. Here's your army ..."

The author of the article is Michael Snyder, as serial doom-mongerer! The same old, same old.

Like most doom-sayers, it doesn't seem to faze Snyder one bit that every one of his past predictions of economic collapse were dead wrong.

rationalwiki.org...

Regards

originally posted by: ketsuko
My theory is that everyone will be looking for a whole lot of something that no one actually has, and this is where WWIII actually starts.

Hasn't that fire been raging for some time now?

We don't call it what it is though, we call it "brush fires".

To the thread, the "EU" is currently experiencing lots of little brush fires right now. There are "Austerity' riots in Belgium, France, Germany, Italy and Spain. There are pending referendums to secede in some of those counters, too.

The sanctions that the UE imposed on Russia is political and economic suicide, imo. They aren't in the tank enough over there they have to declare a moratorium with one of their biggest business partners, Russia.

And for what so NATO can grab another country and subjugate it?