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Global Stock Markets On The Brink

By: Steve Johnson

11/29/2010 - 107 Comments

Last week the average yield for 10-year debt from Greece, Ireland, Portugal, Spain and Italy reached 7.57 percent, a euro- era record.

Europe is bankrupt.  The U.S. is bankrupt. 

Germany, Russia and China cannot bailout the rest of the world.

A few weeks ago, at a time when the market appeared to the calm and the economy appeared to be at least holding its own, the global central bank - the Federal Reserve – made a move to aggressively inject money into the financial system that only a desperate situation would call for.

The decision to start QE2 is a clear sign that something is in the water.

QE2 is about as stupid as if someone were to use their credit card to pay for their mortgage. 

The benefit of paying your mortgage with your credit card is to delay the foreclosure process of your home.  But it will also greatly increase the risk of your complete financial collapse.

QE2 greatly increases the risk of the U.S. financial collapse, yet the Fed did it anyway.  Clearly they are worried about something bigger and more dangerous – like the financial meltdown of Europe that is underway. 

As the bond prices climb, one-by-one nations are becoming insolvent.  And when U.S. bond prices rise, the U.S. will become insolvent.

At some point, global investors are going to be forced to sell assets to cover losses on other assets and a global financial panic could quickly ensue, like we saw in 2008.  

Only this time, there is no wealth left in the dollar to re-inflate the markets because the Federal Reserve has already spent the wealth and public trust in the dollar to the point of no return.

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How the Global Economy is Dependent on Christianity

In this eBook I explain how the global economy will quickly collapse if world leaders try to replace Christianity with globalization, humanism or socialism or anything else. This is not fiction. The conclusion is based on historical facts and current events, which form a defense of Christianity and suggest that a revival is the answer to the global recession.

How Capitalism Saved America

This book is an excellent presentation on the problems of government 'regulations' into free market mechanisms. This book illustrates simply and clearly how many chaotic economic problems were caused by interference from government regulations and how capitalism has overcome them. Master this book and you have overcome most of the bad economic thinking of our time. Government is the cause of capitalism failure.

The Case Against the Fed

This book, written by Murray Rothbard, an economist and historian of fairly well known repute, is a scathing attack on not only the Federal Reserve, but the interests that created this institution. Rothbard explains how the Federal Reserve is the true source in the destruction of wealth, which has led to the destruction of the middle class and continues to sift money into the hands of the wealthiest.

The Coming Economic Earth Quake

Larry Burkett explains how the financial troubles in America started back in the 1930s. Larry explains the economics of huge goverment and public deficits and how it leads to hyper-inflation. We may be headed for another great depression.