The world economy is on a knife edge.
The EU and US are almost bankrupt (both 13trillion+ indebt, over 90% gdp)
The Katla volcano when it erupts will destroy the fragile EU economy.
The US economy, which is even worse, will suffer the same fait once the EU goes down. (will be lots more detroits)
It also has its own little natural disaster, the lovely bp oil spill in the gulf of mexico, still cant stop it.
Hurricane season is starting soon and I wouldn't think oil + hurricanes make a good combination.
One thing that is almost certain is if the EU and US go down the world will have another great depression and that'll probably mean WW3.
Might not even need to wait until 2012 solar flares before the world turns to shit.
Fun times ahead.
Monday, May 31, 2010
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1 comment:
Holy crap, that is a very terrifying perspective.
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