10 Reasons Why The Global Economy Is About To Experience Its Own Version Of “Sharknado”

By Michael Snyder

Have you ever seen a disaster movie that is so bad that it is actually good?  Well, that is exactly what Syfy’s new television movie entitled “Sharknado” is.  In the movie, wild weather patterns actually cause man-eating sharks to come flying out of the sky.  It sounds absolutely ridiculous, and it is.  You can view the trailer for the movie right here.  Unfortunately, we are witnessing something just as [...]

Confiscation 2: Portuguese Government To Pay Private/State Salaries/Subsidies/Pension Cuts With Government Bonds Declared Unconstitutional Yesterday! Government Prepares Second Rescue Plan; FINANCE MINISTER VITOR GASPAR WANTS TO RESIGN! Country Returns To Euro Crisis Spotlight

Russian Market‏@russian_market3 min
It’s real fun to live in Eurozone, especially over weekends. If in Cyprus they took your money, in Portugal they pay your salary in bills.

Russian Market‏@russian_market6 min
#KNOCKknock Portugal Considers Paying Public Workers One Month’s Salary in Treasury Bills Instead of Cash – @djfxtrader

Paulo Dias‏@1ens2 h
# portugal BOMBASTIC Government to pay subsidy/pension cuts, declared unconstitutional yesterday, with government bonds.


Paulo Dias‏@1ens2 h
#portugal government to pay part of private/state salaries/subsidies with [...]

The Core Starts To Rot!! Forget Spain and Greece For A Moment, French And Portugal Are Teetering On The Brink of Chaos And Business Leaders Are PANICKING!!

French Business Erupts In Fury Against ‘Disastrous’ Hollande

From Telegraph:

France is sliding into a grave economic crisis and risks a full-blown “hurricane” as investors flee rocketing tax rates, the country’s business federation has warned.

“The situation is very serious. Some business leaders are in a state of quasi-panic,” said Laurence Parisot, head of employers’ group MEDEF.

“The pace of bankruptcies has accelerated over the summer. We are seeing a general loss of confidence [...]

Portugal’s ‘core’ public deficit tripled in January-Febuary

(AGI) Lisbon – Portugal’s ‘core’ public deficit tripled in January-Febuary this year, due to a drop in revenues and an increase in expenditure. It is the demonstration that Lisbon is struggling to remain within the planned targets in exchange for the 78 billion euro international aids. The deficit rose to 799 million euros from 274 compared to the same period in 2011.

Finance Minister Vitor Gaspar denied Portugal, that is facing [...]