Upside Down Mortgage

Subprime Crash

Question: Is a Global Economic Chaos Coming Soon ???

Because: It is believed by many that the global Airline Industry can no longer be profitable once oil passes $100 a barrel and would collapse after a year of oil prices above $100 a barrel, causing a potential Global Chaos.
& to make things worse we are now seeing a dramatic World Food Price Rises, bringing a state of Global Crisis and causing political and economical instability and social unrest in poor and developed nations.
I mean I can accept a Stock Market Crash, even the subprime mortgage crisis, Historic High Oil Prices, but "Historic High Food Prices"? No.Why? Cause Famines, Droughts, & Food Shortages have caused Civilizations in the past to Collapse.
& Now in Modern Times we are seeing the beggining of a Global Food Shortage? I mean a Global Famine today can cause our Civilization to collapse, I mean it's happened in the past. History can repeat itself.
Toconclude: Are We heading for a Global Chaos Soon ? Are We on the birth of a Global Depression? What do you think?

Answer: Yes indeed.

The developed world has been blinded by greed and selfishness and cannot see the suffering of the poorer countries and the suffering to come to themselves.

Decades of advertising and marketing have made us expect excessive consumption as the norm, withour regard for where it comes from and what it will cost us in the future.

The time of reckoning is approaching.

Subprime crash March 2007

If you're new around here, you might want to subscribe to our Upside-Down Mortgage RSS feed. It's quite likely the only feed of it's type on the internet!