The western nations are saddled with so much debt that the western countries (America, U.K, France, Germany, Japan) economy is going to collapse. There is no way that these nations can pay back the loans from the worthless bonds / treasuries that they sold to other countries.
Watch this informative documentary and if you are American realize that what is true in this video about the U.K is also true about the United States, as America is already bankrupt and its federal debt is reaching 20 Trillion dollars.
First of all, every American citizen should realize that the real reason for the decline of the U.S economy is because of all the expansionary wars that the U.S is engaged in which cost American taxpayers Trillions of Dollars.
There is also a cronyism element, where the large corporations don’t pay their share of taxes, the “uber rich” also don’t pay their full share of taxes and politicians and Wall Street stealing taxpayers money.
New discovery by Kapersky anti-virus software company, shows that spying software has been placed on firmwares of hard drives which collects and reports information to the NSA. A former NSA employee has confirmed this finding.
Basically, this is yet another back-door that can be used to spy on the entire world, as you go about your business typing MS word, PowerPoint and other personal documents and store it on your hard drive, thinking it is safe and secure, but in-fact the backdoor may be reporting your work to spy agencies.
In addition to the oil price and Toronto Stock Exchange plunging from its high of 15700 points, now with the surprise rate cut by the Bank of Canada, the CAD dollar is taking a hit and along with that the Canadian Bond yields are going down too….Ouch.
The oil plunge will cause significant problems in western Canada, particularly Alberta which is now seeing huge layoffs in the oil fields and that will have ripple effects to be felt within 6 months.
When China, the second largest economy in the world sneezes the world economy catches a cold…the U.S.A is usually the primary catalyst and we can already see the American markets weakening now. Within 6 months the U.S market is going down, already we can see many stocks taking a huge hit.