Economic Collapse a Mathematical Certainty

Piioottrr · Dołączył: 29 Mar 2011 Posty: 990

Economic Collapse a Mathematical Certainty - Top 5 Places Where Not To Be

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The dollar collapse will be the single largest event in human history. This will be the first event that will touch every single living person in the world. All human activity is controlled by money. Our wealth,our work,our food,our government,even our relationships are affected by money.

No money in human history has had as much reach in both breadth and depth as the dollar. It is the de facto world currency. All other currency collapses will pale in comparison to this big one. All other currency crises have been regional and there were other currencies for people to grasp on to.

This collapse will be global and it will bring down not only the dollar but all other fiat currencies,as they are fundamentally no different. The collapse of currencies will lead to the collapse of ALL paper assets. The repercussions to this will have incredible results worldwide.

Piioottrr · Dołączył: 29 Mar 2011 Posty: 990

Debt Contagion and the Global Economic Collapse

http://blog.alexanderhiggins.com/2011/06.....ult-31511/

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World On Verge Of Economic Collapse As European Leaders Prepare For Greek Default

http://rt.com/news/china-own-interests-help-eu/

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“China pursues its own interests by offering help to Europe” – economist

In trying to help the eurozone, China is not driven by altruism, but is pursuing its own interests, believes Jean-Francois Di Meglio, president of the Asia Center think tank in Paris.
“China has always done things gradually pursuing its own interests. Its premier is once again touring Europe and trying […] to diversify the assets of China,”

the economist told RT.

“China has the capacity [to pull the eurozone out of the crisis]. Now, does it have the real will and can China really do it in a short amount of time? The answer is probably no,” he also stressed.

Quite unexpectedly China has announced its plans to step in to help prop up the euro. The Asian giant is offering to open up its mammoth US$3 trillion in foreign reserves to buy up European debt. Premier Wen Jiabao made the offer during his tour of Europe.

It is widely believed Beijing, which has been accumulating cash faster than it can spend it, has decided to diversify away from US debt.

But the move has prompted fears the economic sovereignty of the EU could be compromised.

Meanwhile, some critics even suggest the ongoing currency war between the US and China is the real motivation behind the offer.