11 Facts About The World Financial Crisis Barack Obama Doesn’t Want you to Know

July 7, 2015 1:29 pmViews: 1473

Financial devastation is coming

Barack Obama and his supporters would like you to think everything is rosy with the economy since the Messiah In Chief took over the reigns as President of the United States. While the stock market looks good and the official jobs numbers have been manipulated to paint a pretty picture, the truth is much more sinister and frankly, devastating for our country and the world as a whole.

The "record" stock market has been bolstered by a printing of $85 billion a month for about the last 4 years now which most of that money ended up in the market. Speculators used extremely low interest loans and injected it into the market to earn bigger gains than what they were paying in interest to banks. But of course, financial shenanigans are not just limited to the United States, we are seeing this kind of manipulation all over the world.

When you look at the big picture, unfortunately it doesn't look all that good, but don't expect to ever hear this from the Obama arm of the main stream media. They will just continue to paint that pretty picture of how Obama came to save the day and made America all better.

Here are 11 facts that prove there is a different financial picture out there than what Barack Obama wants you to know about.

1. On Monday, the US stock market Dow fell by 350 points.  This was the biggest one day decline we have seen in two years.

2. The Greek stock market was down an astounding 18 percent this past Monday.

3. The Chinese stock market has met the official definition of a “bear market” this year – the Shanghai Composite is already down more than 20 percent from the high earlier in the year.

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4. Greek banks have been totally shut down, and a daily cash withdrawal limit of 60 euros has been established.  No one  knows when this limit will be lifted. Imagine only being able to take around $60 a day of YOUR OWN money out of the bank.

5. On Tuesday, Greece was scheduled to make a 1.6 billion euro loan repayment.  One Greek official has already stated that this is most certainly not going to happen making Greece the largest entity or state to ever miss this large of a loan repayment.

6. On Monday, Standard & Poor’s slashed Greece’s credit rating once again and publicly stated that it believes that Greece now has a 50 percent chance of leaving the euro.

7. And in our own country, the Governor of Puerto Rico has announced that the debts that the small island has accumulated are “not payable“. Puerto Rico is being referred to as America's Greece.

8. The government of Puerto Rico owes approximately 72 billion dollars to the rest of the world.  Without debt restructuring, it is inevitable that Puerto Rico will default.  In fact, CNN says that it could happen by the end of this summer and that could be devastating to the United States.

9. This week the Bank for International Settlements has just come out with a new report that says that central banks around the world are “defenseless” to stop the next major global financial crisis. There aren't any more cards to play in this high stakes game of world poker.

10. Ukraine has just announced that it may “suspend debt payments” if their creditors do not agree to take a 40 percent “haircut”.

11. U.S. Corporate profits have declined for two quarters in a row.

Of course there are hundreds to thousands of other reasons that point to financial devastation becoming a reality right around the corner, but these are some of the most prevalent right now. Hold on tight and don't believe anything Barack Obama tells you.

h/t The Economic Collapse blog.

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