Eurozone debt crisis worsens as financial world holds breath over impending financial apocalypse
by Mike Adams
Wednesday, November 30, 2011
Allow me to begin this article with a single paragraph published yesterday on Yahoo Finance:
“The world is watching Europe, waiting upon a solution. It’s not just the euro that’s at stake. If the euro fails, so too does the 27-nation European Union. Bank lending would freeze, stock markets would likely crash, and Europe’s economies would follow. Nations in the euro-zone would see their economic output decline, though temporarily, by as much as 50%, according to UBS forecasters. That economic meltdown would then spread to the U.S. and Asia, who would find themselves caught up in the credit freeze while their exports to Europe would collapse.” (http://finance.yahoo.com/news/Euro-…)
If you had read these words just 12 months ago, you would have thought it to be fear-mongering conspiratorial nonsense. Words like “collapse” and “crash” and “meltdown” aren’t normally tossed around the mainstream media, even when their use is justified. To actually see these words in print is strongly indicative of the severity of the global financial crisis our world now faces — a crisis, by the way, which is nothing less than a global economic coup that has seen entire nations virtually taken over by criminal banksters.