World Economic Match Up

Today’s global economic climate is like some twisted experiment in Chaos Theory. The smallest, most insignificant events can lead to unpredictable and disastrous consequences. The micro-flutter of a butterfly’s wings can trigger a chain reaction that grows into a macro-catastrophe on the other side of the planet.

As the world slowly recovers from one of the worst financial disasters in history, the fate of even the most stable countries depends on the economic survival of the weakest. When the tiny city-state of Dubai nearly defaulted on their foreign debt at the beginning of the year, a shockwave reverberated across major international stock markets. A sheik in the Middle East bounced a check, in other words, and the overdraft fee was deducted from your 401(k) balance.

Now more than ever, we need to recognize which countries are standing on solid ground. On our map these are the green countries. The yellow sectors are not in immediate danger of collapse, but may be pushed over the edge the next time somebody tickles the global panic button. Finally, there are the red-zone nations teetering on the brink of ruin, just a butterfly’s sneeze from dragging the rest of us into the abyss.

IRELAND


At the turn of the century, the “Celtic Tiger” roared in a short-lived resurgence, thanks to booming property markets and debt-fueled spending. Today, Ireland’s double-digit unemployment rate is one of the highest in Europe.

PORTUGAL


The socialist ruling party blames a steep slide in tax revenues for jaw-dropping increases in deficit spending. Portugal’s debt load accounts for 85 percent of gross domestic product. The government has tried belt-tightening reforms, but even the sunniest economic forecasts call for an agonizingly slow death under crushing debt obligations.

SPAIN


The Spanish economy continues to shrink, and a strong rebound in labor-market growth is desperately needed. Experts predict that the national unemployment rate could peak at a staggering 25 percent. Among the youngest workers, the jobless rate has soared to over 40 percent.

ENGLAND, FRANCE, AND GERMANY


The color of money is green, unless of course you live in Europe, where the shared currency is printed in every color of the rainbow. Recovery across the “Euro Zone” has been slow and uneven. The largest economies in northern Europe—England, France and Germany—are reasonably stable, but their future is linked to debt-ridden neighbors known collectively as the “PIIGS” (Portugal, Italy, Ireland, Greece and Spain).

ITALY


Italy’s Audit Court has cautioned city governments from borrowing money via risky derivative contracts that could weigh down local public budgets for generations to come.

GREECE


Greece is struggling to meet debt repayments totaling more than €300 billion, which is roughly 120 percent of gross domestic product. Jittery European leaders have been forced into an uneasy pledge to bail out their neighbor in the event of a crash. If Athens collapses into ruin, a domino effect could spread across southern Europe and beyond.

RUSSIA


The world’s largest supplier of oil and natural gas has been hurt by weak demand and low prices. Trading partners have serious questions about Mother Russia’s commitment to democratic principles and market transparency. This is the shakiest bet among the powerful “BRIC” bloc of emerging markets (Brazil, Russia, India and China).

VIETNAM


Trade deficits and inflation fears have led to currency devaluation. Reports suggest that Vietnamese residents have begun stockpiling gold and U.S. dollars.

CHINA


China is the 800-pound gorilla of globalization. The communist regime has permitted entrepreneurship and competition in cautious doses. At the same time, China nurses foreign appetite for their low-cost products by manipulating the exchange rate of their currency. China continues to emerge as an economic superpower.

HONG KONG, SINGAPORE, SOUTH KOREA, AND TAIWAN


The four “Asian Tigers” imposed tough reforms following a regional credit crisis in 1997. As a result, they were relatively well positioned to ride out the current storm. Their future is still dependent on China’s insatiable growth. Luckily, 2010 is the “Year of the Tiger” on the Chinese lunar calendar.

JAPAN


Once the undisputed economic champion of Asia, Japan has limped through two decades of near-zero growth. The worldwide financial crisis has led to a troubling drop in demand for expensive Japanese goods.

NORTH KOREA


Crazy doesn’t count as an export when you are giving it away for free. The reclusive midget tyrant Kim Jong-Il has imprisoned this nation of 23 million on the brink of starvation. The meltdown of his totalitarian regime could result in a humanitarian disaster that overwhelms the resources of China and South Korea.



<< Return to the April 2010 Index of Fusion

Glenn Beck: Here's how YOU can fix the Great Reset's housing crisis

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How's the housing market looking these days? Because under Build Back Better (aka the Great Reset), investors are grabbing up homes at a record pace.

On "The Glenn Beck Radio Program," Glenn discussed a recent Redfin News report, which shows that almost one in five homes sold in the U.S. during the third quarter of 2021 was purchased by an investment firm, and many are paying tens of thousands of dollars over the asking price.

"Think of that, one in every five homes that are sold are going to a big investment firm," Glenn said. "Investors bought more than 90,000 homes, totaling more than $63 billion, representing 18% of all homes sold in the quarter. The numbers broke all records."

"The same factors have pushed more Americans to rent, which also creates opportunities for investors, because investors typically turn the homes they purchase into rentals," he continued. "And now they can charge higher rents. Rent for single-family homes surged by more than 10% in the 12 months, through September. The fastest annual rent inflation in 16 years."

"And nearly 77% purchased were bought in an all-cash transaction," Glenn added. "That's not your average person. These investment firms, like BlackRock, are going in and buying entire neighborhoods. They are the people that come in, and say, 'I'll give you $70,000 over the asking price.' ... Now, why would investment firms think they will just be able to make money paying $70,000 over the asking price? What is it that they know, that you don't know? Could they know, as the Great Reset states, that by 2030, you will own nothing and you'll like it?"

Watch the video clip below to hear Glenn offer his thoughts on how you can solve the Great Reset's housing crisis:


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On "Glenn TV" Wednesday, Glenn Beck exposes the radical plan to flip the United States from capitalism to socialism and into a lawless nation. It's an old strategy that mirrors a communist Cold War playbook. The goal now, as it was then, is this: How do they get a revolution without all that civil war stuff? It’s a five-step plan, and we're deep into several of the main steps RIGHT NOW.

Our justice system has been infiltrated by woke leftists, and something called "the progressive prosecutor movement" is methodically transforming Main Street USA into Main Street Gotham City. We can see it all over the country in places like San Francisco, with the Waukesha massacre as a terrifying glimpse into more of what's coming. And the media? They're currently running interference in one of the largest misinformation operations in history.

It’s happening at the city, state, AND federal levels. And President Trump might be one of the biggest victims of them all, a fact that even Trump critic Joe Rogan has realized on the Russia collusion hoax: “No one is being held accountable!” That ends now, as Glenn calls on Americans to push back on the lies that keep us divided in a cold civil war.

Watch the full episode below:

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A "one-world government" is being formed right now and it’s called the Great Reset, Glenn Beck said on the radio program Monday. And now, rebuild plans for the fire-damaged Notre Dame Cathedral hint at the formation of a global church, too.

In this clip, Glenn detailed plans for the iconic, 850-year-old church’s "woke" renovations that sound more like a 'politically correct Disneyland' complete with a "discovery trail," "emotional spaces," and 14 themed chapels.

"Notre Dame is now being built back better as a 'woke theme park' dedicated to environmentalism and social justice," Glenn explained.

"There will be several different chapels within, [for example] a chapel for social justice, and then chapel for environmental justice," he continued. "Which leads me to this point. The 'one-world government' is being formed, right now. One-world government. It is being formed and it's called The Great Reset."

Glenn went on to predict that one of the first steps in the direction of a one-world government will be a push for a global religion.

"I think we're seeing the first church now being dedicated to the new global religion — and it is social justice, environmental justice, and all this gobbledygook. We all know, it's not just wrong, it is dangerous. That's the first church, the cathedral of Notre Dame, in France, is the first global church. Mark my words. Christian, Jews, Muslims ... this global church will bring darkness unlike you've ever seen."

Watch the video clip from "The Glenn Beck Program" below:

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The Omicron COVID-19 variant: Should we ACTUALLY panic?

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As the new Omicron variant of the coronavirus approaches, it seems like those in power want everyone to be terrified, Glenn Beck argued on the radio program Monday.

The chair of the World Medical Association's Council, Frank Ulrich Montgomery, is already comparing the variant to Ebola and New York Gov. Kathy Hochul (D) has declared a state of emergency, despite the doctor who announced its discovery describing the new variant's symptoms as "unusual, but mild." So, should we really be worried or not?

In this clip, Glenn and producer Stu Burguiere reviewed what we know about the Omicron variant so far and gave a few reasons why we should wait for more information before succumbing to panic.

Note: The content of this clip does not provide medical advice. Please seek the advice of local health officials for any COVID-related questions & concerns.

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