Special Reports & Tweets - 20160310_SpecialReport-12_Alex Aired: 2016-03-10 Duration: 06:58 === Bubble Bursting Ahead (05:09) === [00:00:04] The Titanic, we all know, is the global economy, appears to be moving along at full speed. [00:00:10] But signs of sea ice are dead ahead. [00:00:13] The first alarm bells have been sounded from several economists that know to look for the most subtle signs of danger of a global economic collapse. [00:00:21] We have a bubble around the world in demographic spending, which keeps declining in more countries. [00:00:27] And we can predict this by country. [00:00:29] Japan was the first to peak, and then the U.S. [00:00:32] and now Europe. [00:00:33] But we also have the greatest debt bubble in modern history, two to four times what we've seen back in the Roaring Twenties. [00:00:41] Last time we had a debt bubble. [00:00:42] And all we need, like in 2008 with the subprime crisis, is a trigger to cause this debt bubble to reset and deleverage, or what I call a financial detox. [00:00:56] And when you go south of the border, even below Mexico Way, it's currency crisis after currency crisis, commodity crash after commodity crash. [00:01:07] Current events form future trends. [00:01:09] What happened yesterday over in Brazil? [00:01:12] Well, they had a wonderful time. [00:01:13] About a half a million people turned out to protest against the government. [00:01:17] How come? [00:01:18] Well, they're in a recession. [00:01:20] Inflation is skyrocketing and the currency is plummeting. [00:01:24] Is the economy moving? [00:01:25] The Baltic Dry Index has hit a new low. [00:01:28] The Baltic Dry Index is the assessment of the price of moving all of the globe's major raw materials by sea, including commodities like coal, grain, and iron ore. [00:01:39] Tyler Durden of Zero Hedge reports, Last week I received news from a contact who is friends with one of the biggest billionaire shipping families in the world. [00:01:48] He told me they had no ships at sea right now because operating them meant running at a loss. [00:01:54] Commerce between Europe and North America has literally come to a halt for the first time in known history. [00:02:02] Not one cargo ship is in transit in the North Atlantic between Europe and North America. [00:02:08] All of them, hundreds, are either anchored offshore or in port. [00:02:13] Nothing is moving. [00:02:15] It is a horrific economic sign, proof that commerce has literally stopped. [00:02:20] The very Chinese shipyards supplying the needed vessels to transport the world's raw materials [00:02:26] are going bankrupt due to the struggling economies across the globe. [00:02:31] According to Global Times, experts have said that half of China's shipbuilding enterprises [00:02:35] will go bankrupt in the coming years. [00:02:38] Other signs of a sinking ship? [00:02:40] Graham Summers of Zero Hedge reports that the bursting of the bond bubble has begun. [00:02:46] The bond bubble was close to $80 trillion in size going into 2008. [00:02:50] Globally, the bond bubble has grown by more than $20 trillion since 2008. [00:02:56] Today it is north of $100 trillion, with an additional $555 plus trillion in derivatives. [00:03:04] Globally, over 50% of all corporate bonds are now junk. [00:03:09] In the UK, you have the ability to sell the same bond. [00:03:15] An infinite number of times. [00:03:18] In the United States, you're limited. [00:03:19] You can't sell the same bond an infinite number of times. [00:03:23] You can sell it a few times and claim that it has a collateral value. [00:03:28] But in the UK, and this is why all of the major banks and all the major countries, treasuries, outsource their fraud to the UK. [00:03:37] This is why the UK is responsible for the Lehman collapse. [00:03:40] The Dow Jones has lost 1500 points in 10 days and still has a lot further to fall. [00:03:44] London whale from JP Morgan collapse because everyone outsources their fraud to the UK [00:03:49] because the UK is where you can commit egregious fraudulent financial behavior. [00:03:54] The Dow Jones has lost 1500 points in 10 days and still has a lot further to fall. [00:04:00] The fragility of the markets are worse than pre-2008. [00:04:04] One minor trigger could send the globe into at the very least yet another major recession. [00:04:10] Regardless, Obama will hear none of that. [00:04:14] Anyone claiming that America's economy is in decline is peddling fiction. [00:04:20] John Bowne for Infowars.com Thanks for watching. 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