Europe Sinks Deeper Into Depression and Germany Isn’t Stopping It!

posted by Ida B. Wells IV @ 22:56 PM
December 4, 2012

        I often blog about bad times in Europe: suicides, families tumbling into poverty, mothers abandoning babies and millions of angry protesters.  Other scholars agree––Europe slides into depression and Germany still pushes austerity!

Closely following Europe’s fall into the economic abyss is urgent for those who realize that it was economic depression that led to Hitler and World War II.  Elder Nazis in Europe who served Hitler now train neo-Nazis to recruit unemployed youth who will join the coming wars to avoid hard economic times.

While most economists only say Europe may be headed into recession, in ‘Wake Up! 11 Facts That Show That Europe Is Heading Into An Economic Depression,’ economist Michael Snyder claims: “Europe is not just heading into another recession. . . . Europe is heading into a full-blown depression. . .

“In some nations in Europe, the unemployment rate is already significantly higher than anything the United States experienced during the Great Depression of the 1930s. Europe . . is collapsing under the weight of its own debt.”

Snyder, whose essay has been republished in scores of internet sites, lists extremely high unemployment rates as the major reason for Europe’s coming economic disaster.  He also points to:  1) Two consecutive quarters of shrinking economies in 17 of the 27 European countries––especially Greece which will shrink over 12% by next year.; 2) The collapse of industrial production through the continent; 3) Moody’s downgrade of the France’s credit rating, as wealthy individuals leave that country to avoid rising taxes; 5)  Even in Germany, factory orders decline from month to month; 6) The overwhelming debt burden of Greece.

Snyder’s main point is the high unemployment rate throughout most European countries.  The average overall unemployment rate throughout all of Europe is 11.7 percent is high enough.  But it is considerably higher in individual countries:  25.4 percent in Greece, and 26.2 percent in Spain.  Youth unemployment is 60 percent in the two countries, helping neo-Nazis recruitment.

Gerald Celente, of––which is lauded for accurately forecasting hundreds of social, business, consumer, environmental, economic, political, etc.  trends––says Europe is already in depression: “If you live in Greece, you’re in a depression; if you live in Spain, you’re in a depression; if you live in Portugal or Ireland, you’re in a depression. If you live in Lithuania, you’re running to the bank to get your money out of the bank . . . It’s a depression. Hungary, there’s a depression, and much of Eastern Europe, Romania, Bulgaria.”

Dr. Jael Ever’s study of Germany in coincides with Snyder’s predictions. She would add that Germany is pushing Europe––and the rest of the world––into World War III.  As a verse in online Bible lessons relates:  “Jonathan David’s uncle was a counsellor, a wise man, and a scribe (1 Chronicles 27: 32).”  Scribe is the Bible term for scholar. Snyder, Celente, Ever and other scholars try to warn the world that war is coming.

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