| Welcome to The-Christians-Forum.com. We hope you enjoy your visit. You're currently viewing our forum as a guest. This means you are limited to certain areas of the board and there are some features you can't use. If you join our community, you'll be able to access member-only sections, and use many member-only features such as customizing your profile, sending personal messages, and voting in polls. Registration is simple, fast, and completely free. Join our community! If you're already a member please log in to your account to access all of our features: |
| Global Economic Crisis Watch | |
|---|---|
| Topic Started: Apr 28 2010, 11:23 PM (2,704 Views) | |
| Earendel | Apr 28 2010, 11:23 PM Post #1 |
Administrator
  ![]](http://z3.ifrm.com/static/1/pip_r.png)
|
Greek financial crisis could hit Britain, warn economists Businessmen and economists are warning the crisis affecting Greece could be coming to Britain unless the next Government takes drastic action to cut the national deficit. By Christopher Hope, Whitehall Editor Published: 5:32PM BST 28 Apr 2010  Photo: EPA They warned that hedge funds and speculators would pick off weaker European economies “like they did with the banks”, while senior businessman said the party that wins the election had to be on a “war footing” to deal with the scale of the crisis. A widespread stock market sell-off was triggered yesterday when ratings agency Standard & Poor’s cut Greek debt to junk status, while a downgrade to Portugal reignited worries about a growing eurozone crisis. http://www.telegraph.co.uk/finance/financetopics/financialcrisis/7646972/Greek-financial-crisis-could-hit-Britain-warn-economists.html Financial Crisis in Greece, Europe Could Threaten US> and World Economy Tribune Washington Bureau April 28, 2010 | 3:25 p.m. WASHINGTON -- Just as the American economy was gathering steam -- with consumers starting to spend more and the housing market showing signs of stabilizing -- a widening financial crisis in Europe is threatening to put a damper on the recovery both here and abroad. Germany offered a hopeful word Wednesday, putting aside months of reluctance and saying it could rush through a plan to foot its share of an IMF-EU bailout for Greece that now looks to exceed $132 billion. But the credit contagion that began in heavily indebted Greece spread to Spain as that much-larger economy's sovereign rating was downgraded -- only one day after Athens' own bonds were slashed to junk status and Portugal's debt fell as well. And despite German officials' pledge to act swiftly, many economists saw a likelihood damaging fallout from the crisis. Jacob Kirkegaard, a European specialist at the Peterson Institute for International Economics in Washington, said he doubts there's enough political will in Germany to back such a hefty bailout plan, and even if it does, the government is likely to face constitutional challenges to taking such measures. "If German parliamentary approval doesn't come through" -- officials said a vote could taken next week -- "the risk of contagion goes up dramatically. And you could have the kind of Argentinean scenario for Greece," Kirkegaard said, referring to the financial meltdown and economic collapse of that South American nation a decade ago – a crisis that infected the entire region... ..."Their money problems in Greece are dramatically affecting us," said company president Roy Paulson. And it isn't just shipments to Greece that Paulson and other American businessmen are concerned about. The spreading financial woes have sown fears about the stability of the European banking system and cast a deepening gloom over the continent's economy. The depressed euro, which touched a one-year low against the dollar Wednesday, has made U.S. exports more expensive in Europe and less competitive in some other markets as well. If the troubles persist, American companies face the prospect of softer overseas sales, or worse, a broader and deeper hit to their revenues from weakening global growth. http://www.latimes.com/news/nationworld/nation/wire/sc-dc-economy-greece28-20100428,0,6024638.story |
 |
 
|
| Replies: | |
|---|---|
| LoisFaith2000 | Oct 9 2011, 05:54 PM Post #91 |
|
Senior Member
|
3 weeks til global financial collapse October 07, 2011 Friday Yom Kippur, Days of judgment .. interesting timing World Economy Could Melt Down in 2 Weeks Harvard Economist Robert Shapiro Europe could melt down in two weeks, 3 tops, and take the world down with it, IMF adviser and Harvard economist Robert Shapiro says. The fate of the industrial world's economy lies in European policymakers' hands. If they cannot address the financial crisis in a credible way I believe within perhaps 2 to 3 weeks we will have a meltdown in sovereign debt which will produce a meltdown across the European banking system. We are talking about the largest banks in the world, the largest banks in Germany, the largest banks in France, that will spread to the United Kingdom, it will spread everywhere because the global financial system is so interconnected. All those banks are counterparties to every significant bank in the United States, and in Britain, and in Japan, and around the world. http://www.moneynews.com/StreetTa...y-World-Melt/2011/10/07/id/413606 Printing more money wont work this time Some of the links are vanishing fast on this news. Supposedly the IMF is broke, and has said all nations will economicly collapse in 2 to 3 weeks. US Facing Dangerous Threat From Euro Debt The U.S. economy and stock market face severe consequences from the European financial crisis, which will not resolve itself without major debt restructuring, former Federal Reserve Chairman Alan Greenspan said. http://www.cnbc.com/id/44813873 DRUDGE carried the headline, but when I clicked the link, it wasnt good, so I googled for other links. http://drudgereport.com Edited by LoisFaith2000, Oct 9 2011, 05:55 PM.
|
|
|
|
| LoisFaith2000 | Oct 18 2011, 12:57 PM Post #92 |
|
Senior Member
|
http://articlesofinterest-kelley.blogspot.com/2011/10/daily-doom-build-up-to-ww-iii-day-after.html DAILY DOSE OF $$$$ DOOM http://articlesofinterest-kelley.blogspot.com/2011/10/daily-doom-build-up-to-ww-iii-day-after.html COLLAPSE: build-up to WWIII |
|
|
|
| Earendel | Nov 14 2011, 01:05 PM Post #93 |
|
Administrator
|
'France will be the next to crumble', warns Gordon Brown France risks becoming the next victim of the sovereign-debt crisis “in the coming weeks”, Gordon Brown, the former prime minister, has warned.  Gordon Brown has urged Nicolas Sarkozy to draw up a "global growth agreement" with major powers such as China Photo: REUTERS By Henry Samuel 6:20AM GMT 11 Nov 2011 Mr Brown’s prediction came as the difference between French borrowing costs and those of Germany hit record levels. EU leaders urged France to draw up further austerity measures to meet its deficit reduction targets, amid fears the eurozone’s second biggest economy could crumble if Italy’s debt crisis spirals out of control. Mr Brown, speaking in Moscow, said: “France is in danger of being picked off by the markets in the coming weeks and months."... Read more: http://www.telegraph.co.uk/finance/financialcrisis/8882828/France-will-be-the-next-to-crumble-warns-Gordon-Brown.html Greek Economy Mired in Recession (with a full blown world depression steadily on the way) http://thecomingcrisis.blogspot.com/2011/11/greek-economy-mired-in-recession-with.html |
|
|
|
| Earendel | Jan 22 2012, 09:19 PM Post #94 |
|
Administrator
|
Warning Signs That We Should Prepare For The Worst The warning signs are all around us. All we have to do is open up our eyes and look at them. Almost every single day there are more prominent voices in the financial world telling us that a massive economic crisis is coming and that we need to prepare for the worst. On Wednesday, it was the World Bank itself that issued a very chilling warning. In an absolutely startling report, the World Bank revised GDP growth estimates for 2012 downward very sharply, warned that Europe could be on the verge of a devastating financial crisis, and declared that the rest of the world better "prepare for the worst." ... Read more: http://theeconomiccollapseblog.com/archives/warning-signs-that-we-should-prepare-for-the-worst Subculture of Americans prepares for civilization's collapse By Jim Forsyth Sat Jan 21, 2012 11:44am EST (Reuters) - When Patty Tegeler looks out the window of her home overlooking the Appalachian Mountains in southwestern Virginia, she sees trouble on the horizon. "In an instant, anything can happen," she told Reuters. "And I firmly believe that you have to be prepared." Tegeler is among a growing subculture of Americans who refer to themselves informally as "preppers." Some are driven by a fear of imminent societal collapse, others are worried about terrorism, and many have a vague concern that an escalating series of natural disasters is leading to some type of environmental cataclysm... Read more: Reuters |
|
|
|
| Earendel | Jan 31 2012, 01:08 PM Post #95 |
|
Administrator
|
~~~ 20 Signs That Europe Is Plunging Into A Full-Blown Economic Depression  An economic nightmare is descending on Europe. With each passing month, the economic numbers across Europe get even worse. At this point it is becoming extremely difficult for anyone to deny that Europe is plunging into a full-blown economic depression. In fact, some parts of Europe are already there. In Spain the overall unemployment rate is over 22 percent, and in Greece one out of every five retail establishments has already been closed down. All over Europe, economic activity is rapidly slowing down, unemployment is skyrocketing and bad debts are unraveling. It isn't even going to take a default by a nation such as Greece or a collapse of the euro to push Europe into an economic depression... Read more: http://endoftheamericandream.com/archives/20-signs-that-europe-is-plunging-into-a-full-blown-economic-depression |
|
|
|
| Wil | Apr 10 2012, 07:26 PM Post #96 |
|
Member
|
DOUG KASS: Don't Wait Until May, Sell Stocks Now Joe Weisenthal | Apr. 9, 2012, 8:32 AM The market cliche is: Sell in May, and go away. In his latest column for Real Money, Doug Kass advises not to wait that long. His key points: The economy is slowing, contrary to what a lot of people are saying. Massive gridlock is coming in Washington, as Obama and the Republican Congress will likely return to power. Monetary and fiscal contraction is coming. The market itself is looking bad thanks to weak internals, like weakness in the Russell 2000, and a diminishing number of new highs. http://www.businessinsider.com/doug-kass-sell-now-2012-4#ixzz1rgsusKcR |
|
|
| Wil | Apr 11 2012, 10:38 AM Post #97 |
|
Member
|
Welcome to the new Great Depression 04/10/2012 We’re already in the new Great Depression, says Nobel prize-winning economist Paul Krugman, and it could be a long time before we come out the other end. “My view is we are actually in a depression,” Krugman told Reuters in a recent video interview.I So what’s the same this time round? A persistently depressed economy, interest rates near 0% and in the United States a 9% jobless rate. “It’s not the total misery of the 1930s, but it’s not good,” he said. According to Krugman, Europe is dead wrong in its attempts to curb the crisis. Its preoccupation with austerity is like a “medieval doctor, you’re sick so he bleeds you, you get even sicker he bleeds you some more … Death is possible.” What Europe needs is more expansive monetary policy, more quantitative easing and looser inflation targets. A major banking group in Europe weighed in with the same view Monday. The Institute of International Finance, which played a central role in the restructuring of Greece’s debt, said that excessive spending cuts across the euro area are dragging the region’s economy down and called for more spending by countries like Germany. So when will the new Great Depression end?Krugman used the example of Japan, which took 15 years to come out of its downturn, only to be hit by the global financial crisis just as it was emerging. “We could have that happen perfectly well in the U.S. and Europe,” Krugman said. http://propheticseer.com/5/post/2012/04 |
|
|
|
| Wil | Apr 15 2012, 09:20 AM Post #98 |
|
Member
|
The Shocking Truth About Unemployment In America In One Chart The mainstream media is not telling you the truth about unemployment in the United States. The percentage of working age Americans that are employed is not increasing. In March 2010, 58.5 percent of all working age Americans had a job. In March 2012, 58.5 percent of all working age Americans had a job. So if the employment rate is exactly the same as it was two years ago, then how in the world can the Obama administration claim that things have gotten significantly better since then? According to the Bureau of Labor Statistics, the official unemployment rate in the United States was 9.8 percent in March 2010 and it declined to 8.2 percent in March 2012. So how is this possible if the percentage of working age Americans that have jobs hasn't moved? Well, what they do is they claim that there are millions upon millions of Americans that have "left the labor force". In other words, they claim that there are millions upon millions of unemployed Americans that don't want jobs anymore. Of course that is a total farce, but the mainstream media and most Americans are buying it. They actually believe that the unemployment rate is going down. But the truth is that the unemployment crisis in America has not subsided. In fact, we are pretty much exactly where we were two years ago, and things are about to get a whole lot worse. rest: http://theeconomiccollapseblog.com/ Edited by Wil, Apr 15 2012, 09:21 AM.
|
|
|
|
| Wil | Apr 19 2012, 09:57 AM Post #99 |
|
Member
|
Nigel Farage: There Are Going to Be Serious Banking Collapses ... “Suddenly, a big shot from the IMF says, ‘There is a problem here, and there may be a breakup of the eurozone. It could come sooner than you think.’ I see that as a bit of a crack in the dam. They’ve always used the argument that the euro was inevitable and it was here to stay, and an individual from the IMF has just completely blown that out of the water. (The breakup could be disorderly) because there have been no contingency plans. This is what makes me so angry. I’ve been saying to Barroso and that little Van Rumpuy character, ‘Come on, let’s have a Plan B.’ Let’s actually get ourselves ready in case it goes the other way.’ The point the IMF official made is that there have been no contingency plans whatsoever... kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/4/18_Nigel_Farage__There_Are_Going_to_Be_Serious_Banking_Collapses.html Edited by Wil, Apr 19 2012, 10:43 AM.
|
|
|
|
| Wil | Apr 25 2012, 05:52 AM Post #100 |
|
Member
|
25 April 2012 Last updated at 07:30 UK economy in double-dip recession The UK economy has returned to recession, after shrinking by 0.2% in the first three months of 2012. A sharp fall in construction output was behind the surprise contraction, the Office for National Statistics said. A recession is defined as two consecutive quarters of contraction. The economy shrank by 0.3% in the fourth quarter of 2011. BBC economics editor Stephanie Flanders says it "adds to the picture that the economy is bumping along the bottom". She said economic output was slightly smaller now than it was in the autumn of 2010. Wednesday's figure is an early estimate and is subject to at least two further revisions in the coming months. It is compiled using 40% of the data gathered for later revisions. The UK economy was last in recession in 2009. 'Catastrophic' Prime Minister David Cameron said the figures were "very, very disappointing". These figures are slightly worse than many expected, but the fact that the UK is now technically back in recession should not detract from the underlying reality, which is very much as predicted. The UK economy has been bumping along the bottom for more than a year and is still struggling to gain momentum. Many have questioned the dire numbers for the construction sector, which accounts for less than 7% of the economy, but has done much to pull the GDP figure into negative territory. The sharp fall in output from the production sector is also at odds with recent business surveys (though manufacturing has not fallen as the sector overall). However, this preliminary figure is consistent with the message coming from official and private data - that the UK was once again relying heavily on services and consumption by households. That suggests the recovery will continue to be weak, though whether we will see further quarters of negative growth is very much an open question. "There is no complacency at all in this government in dealing with what is a very tough situation, which frankly has just got tougher." res: http://www.bbc.co.uk/news/business-17836624 |
|
|
|
| 2 users reading this topic (2 Guests and 0 Anonymous) | |
| Go to Next Page | |
| « Previous Topic · End Time News · Next Topic » |
12:55 AM May 21