{"id":364732,"date":"2010-02-24T04:54:18","date_gmt":"2010-02-24T09:54:18","guid":{"rendered":"http:\/\/www.davidicke.com\/headlines\/30883-debt-dynamite-dominoes-the-coming-financial-catastrophe"},"modified":"2010-02-24T04:54:18","modified_gmt":"2010-02-24T09:54:18","slug":"debt-dynamite-dominoes-the-coming-financial-catastrophe","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/364732","title":{"rendered":"Debt Dynamite Dominoes: The Coming Financial Catastrophe"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/www.davidicke.com\/images\/stories\/Feb2010\/17736.jpg\" border=\"0\" \/><\/p>\n<\/p>\n<p>&#8216;The people have been lulled into a false sense of safety under the ruse of a perceived \u201ceconomic recovery.\u201d Unfortunately, what the majority of people think does not make it so, especially when the people making the key decisions think and act to the contrary. The sovereign debt crises that have been unfolding in the past couple years and more recently in Greece, are canaries in the coal mine for the rest of Western \u201ccivilization.\u201d The crisis threatens to spread to Spain, Portugal and Ireland; like dominoes, one country after another will collapse into a debt and currency crisis, all the way to America.<\/p>\n<p class=\"MsoNormal\" style=\"margin: 0cm 0cm 0pt\" align=\"justify\">In October 2008, the mainstream media and politicians of the Western world were warning of an impending depression if actions were not taken to quickly prevent this. The problem was that this crisis had been a long-time coming, and what\u2019s worse, is that the actions governments took did not address any of the core, systemic issues and problems with the global economy; they merely set out to save the banking industry from collapse. To do this, governments around the world implemented massive \u201cstimulus\u201d and \u201cbailout\u201d packages, plunging their countries deeper into debt to save the banks from themselves, while charging it to people of the world.<\/p>\n<p class=\"MsoNormal\" style=\"margin: 0cm 0cm 0pt\" align=\"justify\">\u00a0<\/p>\n<p class=\"MsoNormal\" style=\"margin: 0cm 0cm 0pt\" align=\"justify\">Then an uproar of stock market speculation followed, as money was pumped into the stocks, but not the real economy. This recovery has been nothing but a complete and utter illusion, and within the next two years, the illusion will likely come to a complete collapse.&#8217;<\/p>\n<p class=\"MsoNormal\" style=\"margin: 0cm 0cm 0pt\" align=\"justify\">\u00a0<\/p>\n<p class=\"MsoNormal\" style=\"margin: 0cm 0cm 0pt\" align=\"justify\"><a href=\"http:\/\/globalresearch.ca\/index.php?context=va&#38;aid=17736\" >Read more: Debt Dynamite Dominoes: The Coming Financial Catastrophe<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8216;The people have been lulled into a false sense of safety under the ruse of a perceived \u201ceconomic recovery.\u201d Unfortunately, what the majority of people think does not make it so, especially when the people making the key decisions think and act to the contrary. The sovereign debt crises that have been unfolding in the [&hellip;]<\/p>\n","protected":false},"author":2604,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-364732","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/364732","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/2604"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=364732"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/364732\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=364732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=364732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=364732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}