Collapse Unavoidable- Global Reset inevitable

The Sovereign Debt Crisis Is Never Going To End Until There Is A Major Global Financial Collapse

Locust says: Collapse Unavoidable- Global Reset inevitable

From:  http://theeconomiccollapseblog.com/

In the past, there certainly have been governments that have gotten into trouble with debt, but what we are experiencing now is the first truly global sovereign debt crisis.  There has never been a time in recorded history when virtually all of the governments of the world were drowning in debt all at the same time.  This sovereign debt crisis is never going to end until there is a major global financial collapse.  There simply is no way to unwind the colossal web of debt that we have constructed in an orderly fashion.  Right now the EU and the IMF have been making “emergency loans” to nations such as Greece, Ireland and Portugal, but that is only going to buy those countries a few additional months.  Giving more loans to nations that are already drowning in red ink may “kick the can down the road” for a little while but it isn’t going to solve anything.  Meanwhile, dozens more nations all over the globe are rapidly approaching a day of reckoning. (Read More….)

Will 2012 Be The Year That We See Mass Starvation In Africa? 12 Signs That The World Is Running Out Of Food

Tonight millions of American families will shovel huge piles of food into their mouths without even realizing that starvation is rapidly spreading in Africa.  Right now Somalia, Ethiopia and Kenya are experiencing the worst drought conditions that they have seen in 60 years.  Tens of thousands of African families have abandoned their homes as they desperately search for food and water.  Hundreds of thousands of farm animals have died because of the drought.  Considering the fact that approximately two-thirds of the people living in the region “make their living by raising goats, sheep, cattle and camels“, the word “catastrophic” just is not sufficient to describe what is happening.  Every single day, thousands more head to Dadaab, the biggest refugee camp in the world.  Dadaab was originally designed to hold 90,000 people, but now over 360,000 precious people are camped there.  In addition, approximately 30,000 desperately hungry people are standing outside the fences waiting to be admitted.  It is projected that by the end of the year there will be over a half million people living in Dadaab.  Sadly, this is just the beginning.  According to the United Nations, there are already 10 million people in the region that are facing severe food shortages, and many fear that if the drought continues we could actually see mass starvation in Africa in 2012. (Read More….)

Rampant Unemployment = The Death Of The Middle Class – 40 Facts That Prove The Working Class Is Being Systematically Wiped Out

Without an abundance of good jobs, the middle class in the United States is going to shrivel up and die.  Right now, rampant unemployment is absolutely killing communities all over America.  Hopelessness and poverty are exploding and many are now wondering if we are actually witnessing the slow death of the middle class.  There simply are not nearly enough “good jobs” to go around anymore, and even many in the mainstream media are referring to this as a “long-term structural problem” with the economy.  The only thing that most working class Americans have to offer in the marketplace is their labor.  If nobody will hire them they do not have any other ways to provide for their families.  Well, there is a problem.  Today wealth has become incredibly centralized.  The big corporations and the big banks dominate everything.  Thanks to incredible advances in technology and thanks to the globalization of our economic system, the people with all the money don’t have to hire as many ordinary Americans anymore.  They can hire all the labor they want on the other side of the globe for a fraction of the cost.  So the rich don’t really have that much use for the working class in America anymore.  The only thing of value that the working class had to offer has now been tremendously devalued.  The wealthy don’t have to pay a lot for physical labor anymore.  Thousands of our factories and millions of our jobs have been shipped overseas and they aren’t coming back.  The big corporations are thriving while tens of millions of ordinary Americans are deeply suffering.  Almost all of the wealth being produced by our economy is going to a very centralized group of people at the very top of the food chain.  The rich are getting richer and the working class is being systematically wiped out. (Read More….)

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