MEP Hannan says “doom is almost upon us and here we are solemnly talking about these proposals massively to increase our debt and deficit and to pour more money into this climate project. It would be disastrous if we actually meant it.” In the midst of economic collapse there are still fools pushing the climate agenda as a way to increase control over all industry and commerce.
Post Tagged with: "European debt crisis"
November 17, 2011 10:08
US banks at risk with billions in European bonds
US banks hold billions in European bonds making the US susceptible to Europe’s debt woes.
November 16, 2011 09:53
Europe in a death spiral?
The Merkozy’s of Europe will be making “calming” statements over the next few days. We are dangerously close to a death spiral, and they know it. But they have nothing on their shelf but words.
November 15, 2011 07:40
Chance of 2012 US recession tops 50%
European debt problems in Greece and Italy could drag down the US economy. Italy’s $2.4 trillion debt is a ruinous milestone which could trigger sovereign bank failures. Promised austerity measures will impact trading. Europe accounts for 21% of US exports.
November 11, 2011 03:40
A Financial Nightmare For Italy
Global financial markets are very nervous right now. You can almost smell the panic in the air. As a CNBC article posted on Wednesday noted, one prominent think tank actually believes that there is a 65 percent chance that we will see a “banking crisis” by the end of November
November 9, 2011 11:05
European debt could impact US economy
The dominoes are beginning to fall. First Greece now Italy. Austerity measures required in Europe to bail out these bankrupt economies could cause a recession in the US economy. Europe is a big buyer of US goods and services.
November 8, 2011 19:32
Europe Is Finished – are we next?
The ramifications of the Europe event will produce a domino effect that will topple other financial systems and economies. When you see the US, probably via the Federal Reserve and the IMF, provide funds for Europe that will be the signal that the end is very near.
