Perfect Storm May Rock World Economy

I don't know....maybe a lot of you are getting sick of hearing about the financial news and the pending collapse of the U.S. economy.  I continue to find it interesting so of course will continue to blog about it...until I am convinced that all my readers have sufficiently gotten the message that extremely strange times are coming.

So here is another headline to add to the list:

PERFECT STORM MAY ROCK WORLD ECONOMY BY 2013

A “perfect storm” of fiscal woe in the U.S., a slowdown in China, European debt restructuring and stagnation in Japan may converge on the global economy, New York University professor Nouriel Roubini said.


There’s a one-in-three chance the factors will combine to stunt growth from 2013, Roubini, who predicted the global financial crisis, said in a June 11 interview in Singapore. Other possible outcomes are “anemic but OK” global growth or an “optimistic” scenario in which the expansion improves.

“There are already elements of fragility,” he said. “Everybody’s kicking the can down the road of too much public and private debt. The can is becoming heavier and heavier, and bigger on debt, and all these problems may come to a head by 2013 at the latest.”

“We’re still running over a trillion-dollar budget deficit this year, next year and most likely in 2013,” Roubini said in a speech in Singapore on June 11. “The risk is at some point, the bond market vigilantes are going to wake up in the U.S., like they did in Europe, pushing interest rates higher and crowding out the recovery.”

See it here; http://www.moneynews.com/StreetTalk/roubini-economy/2011/06/12/id/399748?s=al&promo_code=C6CD-1

Remember, we all have to be folded into a one world economy and currency....and the only way to to that is going to be to have the U.S. dollar and the Euro and a few other major currencies come apart.  This will pave the way for the new (and final) system.