Is the End of the EU here? | TheBlaze.com
Investors appear to be bracing for the collapse of the house of cards. History suggests that a massive selloff or collapse in the markets happens in September and October, as that's when investments for the next year are calculated and planned for. If the Euro is going to collapse in the very near term, it will likely happen during that time. A Euro collapse itself is likely to come next year if it comes, but the markets will be expecting it, and it's within the realm of possibility that a collapse could happen in the next few months.Originally Posted by The Blaze
A full bore Euro collapse will annihilate the economy across the world, even here in the United States. It will set off a true repeat of the Great Depression again, where the world will be mired in economic pain. A lot of the same issues that caused the Depression here in the U.S. are rearing their ugly heads again. There is financial chaos in Europe. There is a rising power in the East (China), but even China is not immune to what is happening as their economy is beginning to sputter. The stock market is overbloated on a slow struggle upward. And there is a crippling, widespread drought in the American Midwest. All the pieces are in place for another repeat.
I only hope it isn't true, as the last thing the world needs, in this era of nuclear weapons, is a repeat of the 30s.