UN warns next global financial crisis may include huge debt defaults

RT.com
23 Sep, 2016

If the global economy enters a new economic crisis it may lead to epic debt defaults, according to trade economists at the United Nations.

“As capital begins to flow out, there is now a real danger of entering a third phase of the financial crisis which began in the United States housing market in late 2007 before spreading to the European sovereign bond market,” the annual report of the UN Conference on Trade and Development (UNCTAD).

Following the 2008-2009 crisis, developing countries faced a huge influx of cheap credit. The process was heated by quantitative easing programs in the developed nations.

The Rest…HERE

This entry was posted on Friday, September 23rd, 2016 at 12:08 pm and is filed under Conspiracy, Corruption, Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.