I see an economic diasater coming...

[SeaMonkey]

I just think the Chinese are the worst bunch in the whole lot in term of greed and power hungry control issues.

UK most corrupt country in the World

Journalist and world-renowned expert on the Italian mafia Roberto Saviano has called the UK "the most corrupt country in the world," and said that Brexit may make the situation even more disastrous. "If I asked you what is the most corrupt place on Earth, you might well tell me it's Afghanistan, maybe Greece, Nigeria, the South of Italy, and I will tell you it's the UK," Saviano told the audience at Britain's Hay Literary Festival.

"It's not the bureaucracy, it's not the police, it's not the politics, but what is corrupt is the financial capital. Ninety percent of the owners of capital in London have their headquarters offshore," he added.

The UK is Europe's "criminal capital" when it comes to allowing corruption, the journalist thinks, with the trust funds in Jersey and British Overseas Territory the Cayman Islands being its "access gates."

"That is why it is important, why it is so crucial for me to be here today and to talk to you because I want to tell you, this is about you, this is about your life, this is about your government," the 36-year-old journalist told the audience.

[the_big_m_in_ok]

UK most corrupt country in the World

I see, SeaMonkey.   Money does corrupt some people, like the lust for gold---same reasoning.
I suppose money can pay off corrupt police official and their supervisors, as well as politicians, but it's then what they do to others with the money as financial persecution or outright attacks in the name of personal politics or insane ambition that can make the situation worse.


--Lee

[SeaMonkey]

First Detroit and Now Chicago:  Some would argue that the
Collapse has already begun.

Germany is under threat of collapse as well.

For the West the solution to economic collapse has
traditionally been War.  Perhaps the efforts of NATO
in Europe to stimulate confrontation with Russia are
for that purpose.

[SeaMonkey]

China appears to have a decided advantage over the U.S.
both industrially and fiscally.  How this all shakes out as the
U.S. attempts to "destroy" China remains to be seen.

It will not be good for the health of America no matter which
way it goes...

[the_big_m_in_ok]

First off:  Don't forget Greece....
https://www.washingtonpost.com/news/wonk/wp/2016/04/20/the-crazy-reason-we-might-be-facing-a-huge-crisis-in-greece-again/


       After that, in totality, it's the PIIGS:  Portugal, Ireland,Italy , Greece, and Spain.   I might also add(?): Iceland?   That would make the acronym...PIIIGS  (?)


Spain:      http://www.bbc.com/news/business-17549970
Italy:        http://www.huffingtonpost.com/news/italy-debt-crisis/
Ireland:    Same newspaper as above:   http://www.huffingtonpost.com/news/ireland-financial-crisis/
Portugal:  http://www.euronews.com/tag/portuguese-economy/
Iceland:    http://www.bbc.com/news/business-35485876
(Greece was already mentioned above.)


       As for Iceland, the last 2-3 paragraphs or so, indicate that more countries than theirs (Icelandic's) are in for an interconnected economic lambasting of a bunch of good-sized countries---and that leaves alone the Asians in general, the Chinese and Japanese.


       The Chinese may be doing all right, now, but this was written:
http://www.reuters.com/article/us-china-economy-trend-idUSKCN0Y003W


       The Japanese know there's a problem coming and they make their opinion known:
http://www.businessinsider.com/japan-prime-minister-warning-about-lehman-scale-crisis-2016-5


       I was lucky enough to have an apartment in a homeless domicile at the Salvation Army for 2 years and free TV all that time.   I learned the basics of financial commerce and banking during my stay there.
       This is easily a simple cut-and-dried case of past mistakes being revisited again on a worldwide scale similar to past economic failures like Lehman, the 'Dot-.com'  and the Grandaddy of them all:  the Great Depression of the Thirties.


       Some international economic leaders---maybe a lot, too---won't face economic realities that're coming.   The SWHTF scenario might be put off for a while, but the crash-landing will be all the harder for their efforts.


p.s.
       Let's not forget the Good Ol' USA:
http://thesovereigninvestor.com/exclusives/80-stock-market-crash-to-strike-in-2016/?z=503065