Archaic globalization Archaic globalization conventionally refers to a phase in the history of globalization including globalizing events and developments from the time of the earliest civilizations until roughly the s.
Analysts are sounding the alarm about junk bond defaults, the smart money is getting out of stocks at an astounding rate, mortgage rates are absolutely skyrocketing, and Europe is already facing a full blown financial meltdown.
Of course expectations that another global economic crisis will happen among the general population are probably at an all-time low right now, but the reality of the matter is that we are probably closer to a new one erupting than at any point since the last one in So how bad are things at this moment?
And as I have written about so many times before, junk bonds are often an early warning indicator for a major financial crisis. In fact, this one appears to be the worst yet, and there are fears that it could spread to other areas of the eurozone.
Those of you that have followed my work for a long time know that I have written extensively about Deutsche Bank, and it really is amazing that it has survived for this long. The mainstream media in the United States almost entirely ignores Europe, but I believe that what is going on over there is the key right now.
If you will remember, Europe could barely handle what happened in Greece, and the Italian economy is many times the size of Greece. And once things start unraveling over in Europe, we will be deeply affected in the United States as well.
When this bubble bursts there is nothing that anyone will be able to do to stop it. Global central banks have been able to buy a few extra years of time by engaging in unprecedented levels of intervention, but now they are almost out of ammunition and events are beginning to escalate at a very frightening pace.There are three ways to start the answer; Define: Carbon Imperialism is a modern day type of imperialism wherein the developed nations are trying to enforce their views about energy-consumption upon the developing nations, with two primary motives.
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