There are some who believe that the next great financial crash will not begin in the United States. Instead, they are convinced that a financial crisis that begins in Europe or in Japan (or both) will end up spreading across the globe and take down the U.S. too. Time will tell if they are ultimately correct, but even now there are signs that financial trouble is already starting to erupt in both Germany and Japan. German stocks have declined 10 percent since July, and that puts them in "correction" territory. In Japan, the economy is a total mess right now. According to figures that were just released, Japanese GDP contracted at a 7.1 percent annualized rate during the second quarter and private consumption contracted at a 19 percent annualized rate. Could a financial collapse in either of those nations be the catalyst that sets off financial dominoes all over the planet?
This week, the worst German industrial production figure since 2009 rattled global financial markets. Germany is supposed to be the economic "rock" of Europe, but at this point that "rock" is starting to show cracks.
And certainly the civil war in Ukraine and the growing Ebola crisis are not helping things either. German investors are becoming increasingly jittery, and as I mentioned above the German stock market has already declined 10 percent since July...
And when you look at some of the biggest corporate names in Germany, things look even more dramatic.
Just check out some of these numbers...
Meanwhile, things in Japan appear to be going from bad to worse.
The government of Japan is more than a quadrillion yen in debt, and it has been furiously printing money and debasing the yen in a desperate attempt to get the Japanese economy going again.
Unfortunately for them, it is simply not working. The revised economic numbers for the second quarter were absolutely disastrous. The following comes from a Japanese news source...
And it isn't just stocks that could potentially be on the verge of a massive decline. The bond market is also experiencing an unprecedented bubble right now. And when that bubble bursts, the carnage will be unbelievable. This has become so obvious that even CNBC is talking about it...
Picture this: The bond market gets spooked by a sudden interest rate scare, sending a throng of buyers streaming toward the exits, only to find a dearth of buyers on the other side.
As a result, liquidity evaporates, yields soar, and the U.S. finds itself smack in the middle of another debt crisis no one saw coming.
It's a scenario that TABB Group fixed income head Anthony J. Perrotta believes is not all that far-fetched, considering the market had what could be considered a sneak preview in May 2013. That was the "taper tantrum," which saw yields spike and stocks sell off after then-Federal Reserve Chairman Ben Bernanke made remarks that the market construed as indicating rates would rise sooner than expected.
Hopefully we still have at least a few more months before stock markets all over the world start crashing. But remember, we are entering the seventh year of the seven year cycle of economic crashes that so many people are talking about these days. And we are definitely primed for a global financial collapse.
Sadly, most people did not see the crash of 2008 coming, and most people will not see the next one coming either.
Frederic Vincent, a spokesman for the European Commission, told CNN on Wednesday that there have been eight confirmed cases of Ebola in European countries. There is one case in the United Kingdom that has been treated and the person has recovered; one case in France like that; two cases in Germany in which patients are receiving treatment; and three cases in Spain: two deceased Spanish missionaries and a nurse’s assistant who is being treated.
There is also a case in which a Norwegian staffer with Doctors Without Borders is being treated, he said.
Also in Spain, health officials said four more potential Ebola cases — in addition to the nurse’s assistant — are under observation.
Eight confirmed cases of Ebola in Europe, and four MORE under observation.
Oh, about that nurse’s assistant who tested positive and is currently being treated…
She said has no idea how she became infected.
A doctor treating her said that she may have been exposed while she removed her protective suit…that one of her gloves might have touched her face.
Are “health officials” still going to keep telling us this virus is hard to catch?
A group of German medical doctors in a peer-reviewed medical journal article published by Oxford University Press have challenged a key assumption regarding the Ebola virus repeatedly asserted by Dr. Thomas Frieden, director of the Centers for Disease Control and Prevention in Atlanta.
The researchers found that a patient showing no symptoms of the disease can still transmit a virus like Ebola by air if droplets containing the virus are transmitted to another person by a sneeze or cough.
World Health Organization has admitted that “wet and bigger droplets from a heavily infected individual, who has respiratory symptoms caused by other conditions or who vomits violently could transmit the Ebola virus over a short distance to another nearby person.”
WHO said it could happen when “virus-laden heavy droplets are directly propelled, by coughing or sneezing onto the mucus membranes or skin with cuts or abrasions of another person.”
Still, WHO added a qualification, insisting the transmission of Ebola by sneezing or coughing is not within its definition of airborne transmission.
WND reported Wednesday Liberia is preventing journalists from reporting Ebola-related stories from health care centers in the country unless they obtain written permission from the government. The news came as the World Health Organization issued a statement warning that the officially reported decline in new cases in Liberia over the past three weeks “is unlikely to be genuine,” because problems with data gathering continue.
The German physicians, led by Dr. Timm H. Westhoff of the Department of Nephrology at the Carité Campus Benjamin Franklin in Berlin, noted in a virology blog published Feb. 12, 2009, that acute viral infections such as Ebola hemorrhagic fever may cause little or no clinical symptoms in a so-called “inapparent infection” yet may be contagious.
“A well-known example is poliovirus: over 90% are without infections,” Westhoff and his colleagues continued. “During an inapparent infection, sufficient virus replication occurs in the host to induce antiviral antibodies, but not enough to cause disease. Such infections are important for the spread of infection, because they are not easily detected.”
Two days ago, Dr. Anthony Fauci, director of the U.S. National Institute for Allergy and Infectious Diseases, told The Canadian Press that it’s “quite conceivable, if not likely” that fast-tracked Ebola vaccines may have to given to entire countries to get the viral outbreak under control (viaModern Healthcare):
“It is conceivable that this epidemic will not turn around even if we pour resources into it. It may just keep going and going and it might require a vaccine.”
“As the epidemic gets more and more formidable and in some cases out of control it is quite conceivable, if not likely, that we may need to deploy the vaccine to the entire country to be able to shut the epidemic down.That is clearly a possibility.” [emphasis added]
Islamic terrorists have entered the United States through the Mexican border and Homeland Security sources tell Judicial Watch that four have been apprehended in the last 36 hours by federal authorities and the Texas Department of Public Safety in McAllen and Pharr.
JW confirmed this after California Congressman Duncan Hunter, a former Marine Corp Major and member of the House Armed Services Committee, disclosed on national television that at least ten Islamic State of Iraq and Greater Syria (ISIS) fighters have been caught crossing the Mexican border in Texas. The veteran lawmaker got the astounding intel straight from U.S. Customs and Border Protection (CBP), the Homeland Security agency responsible for guarding the 1,933-mile southern border.
“If you really want to protect Americans from ISIS, you secure the southern border,” Hunter proclaimed on a national cable news show this week. “It’s that simple. ISIS doesn’t have a navy, they don’t have an air force, they don’t have nuclear weapons. The only way that ISIS is going to harm Americans is by coming in through the southern border – which they already have.” The three-term congressmen went on: “They aren’t flying B-1 bombers, bombing American cities, but they are going to be bombing American cities coming across from Mexico.”…
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