Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

no more banksters

(395 posts)
Tue Jul 21, 2015, 02:40 PM Jul 2015

Increasing global debt levels is a fact - next global crisis ahead

22 countries are already in debt crisis; a further 71 could be soon

“... Germany could have turned its large surplus into a small deficit, by allowing workers’ wages to increase, enabling them to buy more from its major trading partners. This would have allowed countries with large debts to German banks, such as Greece, Portugal and Spain, to export more to Germany, more easily reducing their own deficits.”

“It seems the lessons of the financial crisis and the danger of these global imbalances has not been learnt. Current patterns of global trade and finance are sowing the seeds of the next global crisis.”

A "prophecy" is about to be confirmed?

“Armstrong predicts that a sovereign debt crisis will start to unfold on a global level after October 1, 2015 – a major pi turning point that his computer model forecasted many years ago.”


http://failedevolution.blogspot.gr/2015/07/increasing-global-debt-levels-is-fact.html
Latest Discussions»Issue Forums»Economy»Increasing global debt le...