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The world cant handle a natural recession.
Any shrinkage in european GDP is going to cause the eurozone to crumble.
The dollar will subsequently rise, causing deflation in the US, and there is a strong possibility of contagion in US banks from a Euro collapse.
Absolute worst case scenario is the a subsequent ignition of a debt crisis in the US
This recession is the recession of sovereign debt crises.
Im absolutely astonished CNBC and even alternative outlets havent implicated the Eurozone as a huge risk in this market.
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The same interests that run the US own the major media outlets. It's not that surprising they wouldn't report on it.
In a system based on faith, why would they do anything to undermine it?
.. and alternative sources do report it. Every day is the end of the world on zero hedge.
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>>1056872
>end of the world on zero hedge
To be fair, theyve only been in business since '09, and theyve been deriding the same flaws in the financial system since then. They havent been proven wrong yet
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