More Headlines That Point To Economic Collapse

Without taking our eye off what is happening in the Eurozone and the United States we need to pay close attention to China - there are signs that all is not well in the Chinese economy.

It's China's turn to wrestle with a pile of bad debt 

Massive infrastructure spending has created a mountain of bad loans

MSNBC

The U.S. banking system was the first to get hit by the financial Panic of 2008. For the past year, European bankers have been scrambling to head off exploding debt bombs in Greece and other countries with high debt loads.

Now, it looks like it's China’s turn to face up to a giant pile of bad debt. This being China, though, the story isn’t playing out like an ordinary Western financial crisis.

GLOBAL ECONOMY-Asia factory growth fades as new orders dry up

Reuters

Sagging export demand cooled Asian manufacturing activity in June, surveys released on Friday showed, reinforcing concerns that a slowdown in the United States and Europe was sapping world economic growth

Euro Zone Factory Growth Slows as Orders Dry Up

CNBC

Growth in the euro zone's manufacturing sector lost steam last month as exports slowed to a trickle and domestic demand all but dried up, while the region's weaker economies appear to be slipping back into recession, a key survey showed on Friday.

Why Civil Unrest Is Sweeping the Globe

Taipan Publishing Group

Attempts to save the morally bankrupt financial system will fuel further instances of civil unrest -- until the system itself finally implodes. Civil unrest or to use an even  harsher term, rage - is sweeping the globe.