Socio-Economics History Blog

Socio-Economics History Blog

Quick-Moving Russian Economic Collapse Causing Fears of Global Meltdown!

by mosesman
Global meltdown coming! The world economy TITANIC is about to hit an iceberg!
Global meltdown coming! The world economy TITANIC is about to hit an iceberg!
  • Quick-Moving Russian Economic Collapse Causing Fears of Global Meltdown! 
    by , http://offgridsurvival.com/ 
    When the 8th largest economy in the world is on the brink of collapsing, it’s bound to have a ripple effect throughout the rest of the world.In less than six months, Russians have lost half their wealth as the result of a fast moving collapse of their economy. So far this year, the Russian ruble has dropped nearly 50 percent against the U.S. dollar.
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    In recent days that collapse has accelerated at rate that has caused many to pull their money out of Russian banks, signaling a possible run on the banks. The trouble is only being exacerbated by a global drop in oil prices, which is hitting Russia especially hard because as much as half of the governments revenue comes from oil and gas exports.
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    Could this Chaos Signal the beginning of a Global Meltdown
    It’s no secret that our interconnected world has linked all of our economies together. When the 8th largest economy in the world is on the brink of collapsing, it’s bound to have a ripple effect throughout the rest of the world. Add in the fact that the U.S. economy is probably in even worse shape than Russia, we’re just a little better at keeping our Ponzi scheme running, and we have the perfect recipe for disaster.Yesterday we highlighted some of this country’s most recent economic numbers, as reported by the Census Bureau. What we found was more than a little bit troubling.
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    * According to the latest census numbers, one in five U.S. millennials – adults 18 to 34 years old – now live in poverty.
    * Almost two-thirds (65 percent) of children in the U.S. now live in a home that receives assistance from at least one government welfare program.
    * Although the government claims a 6.1% unemployment rate, a record 92,447,000 in the United States are not working. If you look at the actual number of people without jobs, it’s not hard to realize the government unemployment numbers are a complete sham.
    * We are now over 18 Trillion dollars in debt – a number that doesn’t even account for the $222 trillion in unfunded liabilities this government owes.
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    read more!

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