Europe, or more specifically its common currency, is founded on an idea more fairy tale than sound economics. This tale is coming quickly to its not so happy ending. This Economic Update Video looks at what’s happened recently and prepares you for what’s next. We’re continuing a series of videos which can be found here.
Today, we’ll look at factors such as: The Downgrades that keep raining down in Europe for both banks and sovereigns from the Ratings Agencies, the big names that have recently been repeating exactly the same dire warnings that we have been for the last year and a half, & what a bailout means to the people of countries like Estonia & Slovakia. We’ll also discuss Ireland’s reported decision to reprint it’s old currency, the irony of the official proclamations and the decisions of the UK, and the real affects of Greece’s austerity measures and budget cuts. We’ll examine the financial health of those who are the ones who are supposedly going to bail out the poor countries, and the terrible risk that the United States is exposed to if the Euro area and it’s banks go under. These and more in the video below…
We hope you enjoy this video. If you have not seen The Coming Storm video, you should do so immediately to have a fuller understanding of what lies ahead. You can do so for free by going here. Please let us know what you think of this presentation or if you have any questions, leave them in the comment section below.
This is the first in a new series of Economic Update Videos. You can see the most recent set of Economic Update videos at: 1) Europe Economic Update 1, 2) Europe Economic Update 2, 3) Europe Crises Explained, 4) World Economic Update, 5) US Economic Update, 6) US Economic Update 2, 7) US Economic Update 3, 8) Hyperinflation Signs, 9) Hyperinflation, Inflation, or Deflation?, 10) Gold Update, & 11) Gold & Silver Update.