We seem to be rapidly approaching that era:
10 tipping points which could potentially plunge the world into a horrific economic nightmare
The global economy has become so incredibly unstable at this point that it is not going to take much to plunge the world into a horrific economic nightmare.
The foundations of the world economic system are so decayed and so corrupted that even a stiff breeze could potentially topple the entire structure over.
So what "tipping point" will trigger the next global economic downturn? Nobody knows for sure, but potential tipping points are all around us.
Today, the global economic system is even more vulnerable than it was back in 2008. Virtually none of the systemic problems that contributed to the 2008 collapse have been fixed.
There is much more in this article and without listing each specific "tipping point" here, we see these general comments:
The world is drowning in a mountain of debt, the global financial system is packed to the gills with toxic derivatives, everyone is leveraged to the hilt and the dominoes could start falling at any time.
I am not the only one that is warning that another financial collapse is coming. In fact, a whole lot of people have been warning about the next financial collapse lately.
So what will the tipping point for the next collapse be?
And we look around the world at several other potential precipitating factors:
Japan Admits Total Meltdown of 3 Nuclear Reactors
As the Japan Times reports today, the Japanese Nuclear and Industrial Safety Agency has "more than doubled its estimate of the radioactive material ejected into the air in the early days of the Fukushima nuclear crisi
While it is tempting to believe that the worst of the crisis is over, some of the reactors are more radioactive than ever, and nuclear chain reactions may still be occurring.
And it's not just the reactors themselves.
Remember that - when the spent fuel rods stored onsite within the reactor buildings are included - the amount of radioactive fuel at Fukushima dwarfs Chernobyl.
Greece scrambles to avert default
Mr. Barnier defended the eurozone as an entity, saying the current sovereign debt crisis hitting Greece and other nations “is not a crisis of the euro” currency. “It is a crisis of countries that have been poorly governed that are in the eurozone.”
European Central Bank risks being 'wiped out' by bail-outs
The European Central Bank is "looking increasingly vulnerable" and may face "hefty losses" as a result of propping up indebted eurozone countries, a leading think-tank has warned.
The International Monetary Fund's partner in the recent international bail-out missions is itself in danger of becoming a liability, Open Europe has argued.
In a report published on Monday entitled A House Built on Sand?, Open Europe has calculated that the ECB has a total exposure of about €444bn (£397bn) to "struggling eurozone economies".
Doctors Use Untested Medicine: "We Cannot Stand By and Watch Them Die"
There is no effective treatment for E. coli patients who are currently suffering from epileptic seizures, kidney failure or strokes. So far, doctors in Germany have primarily used dialysis in an attempt to remove the bacterial toxins from the body as they seek to treat the widespread outbreak of a particularly deadly version of the E. Coli bacteria..
For several days now, hospitals have been experimenting with a largely untested drug called Eculizumab, which has the brand name Soliris. It remains unclear whether it can help
Forensic evidence emerges that European e.coli superbug was bioengineered to produce human fatalities
Even as the veggie blame game is now under way across the EU, where a super resistant strain of e.coli is sickening patients and filling hospitals in Germany, virtually no one is talking about how e.coli could have magically become resistant to eight different classes of antibiotic drugs and then suddenly appeared in the food supply.
This particular e.coli variation is a member of the O104 strain, and O104 strains are almost never (normally) resistant to antibiotics. In order for them to acquire this resistance, they must be repeatedly exposed to antibiotics in order to provide the "mutation pressure" that nudges them toward complete drug immunity.
So if you're curious about the origins of such a strain, you can essentially reverse engineer the genetic code of the e.coli and determine fairly accurately which antibiotics it was exposed to during its development. This step has now been done (see below), and when you look at the genetic decoding of this O104 strain now threatening food consumers across the EU, a fascinating picture emerges of how it must have come into existence.
Iran sends submarines for reconnaissance in Red Sea
Iran has sent submarines to the Red Sea, the semi-official Fars news agency reported on Tuesday, citing an unidentified source, in a move that could anger Israel.
"Iranian military submarines entered the Red Sea waters with the goal of collecting information and identifying other countries' combat vessels," Fars said.
It did not specify the number or type of vessels involved but said they were sailing alongside warships of the Navy's 14th fleet.
State-run Press TV said in May the 14th fleet, comprised of two vessels, the Bandar Abbas warship and Shahid Naqdi destroyer, had been sent to combat piracy in the Gulf of Aden.
Anti-government rebels capture parts of NW Syria, kill 120 security officers
Thousands of paramilitary rebels wielding guns and explosives have seized an area of northwestern Syria between the towns of Homs, Hama and Latakiya. Syrian State TV interrupted its broadcasts for the second time Monday, June 6, to announce that "terrorist gangs" had killed at least 120 troops and security officers, most of them in the embattled town of Jisr al-Shughour.
Syrian newspaper: Naksa Day protests just the start
The events on Israel's Syrian border on "Naksa Day" are just the beginning, according to an article in the Syrian newspaper Tishreen.
According to the article, Israel should be ready for more than 600,000 refugees to march across the border, ostensibly to return to their homes in the Golan. "The Palestinian refugeeswho gathered at the border were part of a mass march of progress for the right of return," the article said.
IDF preparing for Al-Quds Day Riots
The IDF will be on high alert along the borders with Syria and Lebanon, as well as in the West Bank on Tuesday amid concern that Palestinians will launch large protests in conjunction with Al-Quds Day – Jerusalem Day – marking Israel’s capture of the capital in 1967.
Iran Says Its Submarines are in the Red Sea
According to Reuters, Iran announced last August it had expanded its fleet of domestically built 120-ton Ghadir-class submarines to 11. These, it said, would be used to patrol the Gulf and the Sea of Oman.
EU to hold crisis talks on E.coli outbreak
European Union agriculture ministers will today hold emergency talks in Luxembourg on the bacteria crisis that has left 23 dead, as the source of the outbreak remained a mystery.
Child's death from E.coli confirmed in SW Va
A child in SW Virginia has died of an E. coli infection, and another person “in close contact” with the child has been infected as well.
Virginia Department of Health spokesman Robert Parker said Monday afternoon that the E. coli that killed the child and infected a second person has been identified as the strain “0157H7.”
A world on the brink. A world who awaits a savior.