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USA is on its way to a major Economic Recession (or Depression) again!



 
According to Natural News, the following are 18 signs that massive economic problems are erupting all over the planet:

·        The eurozone is now in the midst of its longest recession ever.  Economic activity in the eurozone has declined for six quarters in a row.

·        Italy’s economy has now been contracting for seven quarters in a row.

·        Industrial production in Italy has fallen for 15 months in a row.  It has now fallen to its lowest level in about 25 years.

·        The number of people that are considered to be “seriously deprived” in Italy has doubled over the past two years.

·        Consumer confidence in France has just hit a new all-time low.

·        The number of unemployed workers seeking a job in France has hit a brand new all-time record high. 

·        Unemployment in the eurozone as a whole has just hit a brand new all-time record high of 12.2 percent.

·        Youth unemployment continues to soar to unprecedented heights in Europe. 

·        Youth unemployment is being partially blamed for the worst rioting that Sweden has seen in many years. 

·        An astounding 10 percent of all banking deposits were pulled out of banks in Cyprus during the month of April alone.

·        Economic growth in India is the slowest that it has been in an entire decade.

·        Suddenly, Australia is experiencing some tremendous economic challenges. 

·        The financial system in Japan is beginning to spin wildly out of control.  The Japanese stock market has now declined about 15 percent from the peak, and many believe that the yen will continue to get weaker and that interest rates in Japan will start to rise significantly.

·        Global cash flow is declining at a rate not seen since the last recession.  This indicates that we could be headed for a global credit crunch.

·        Real wages continue to decline in the United States.  Even though we are being told that the U.S. is experiencing an “economy recovery,” real weekly earnings have declined from $297.79 in 2010 to $295.49 in 2011 to $294.83 in 2012.  (The preceding calculation is based on 1982-1984 dollars)

·        Wall Street is buzzing about the fact that “the Hindenburg Omen” appeared at the end of last week.  So exactly what is “the Hindenburg Omen”? 

·        As I wrote about the other day, the SentimenTrader Smart/Dumb Money Index is now the lowest that it has been in more than two years. 

·       Margin debt on the New York Stock Exchange has set a new all-time high. 

For more information, log onto:

http://www.prisonplanet.com/18-signs-that-massive-economic-problems-are-erupting-all-over-the-planet.html

 

To see some fascinating and interesting clips regarding the horrifying truth about these 18 economic issues and more, one can easily log onto:


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