The European Debt Crises is quickly coming to a spectacular and scary end. This will be a traumatic event for the world economy. 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: Each time the crises seems to come to a point of no return (or maximum market pessimism) the leaders of Europe come together and announce a plan to save the world…and then a few days or a week later, it becomes extremely clear that it was a big bluff or an outright lie. The market has not been interested in funding the EFSF fund that Europe had hoped would be able to buy the sovereign debt that no one wants to buy. Europe has installed dictators in Greece & Italy. Europe didn’t come close to raising enough money to rollover the bonds that came due in 2011 and yet they need to come up with hundreds of billions more in 2012 while the world is watching in horror. The UK is telling its citizens to prepare for riots as they expect normal life to completely shut down in Europe if the Euro implodes. 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 second in a new series of Economic Update Videos. Watch the first video at: 1) European Crises Pt 1. You can see the previous 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.