Dmitry Orlov, author of Reinventing Collapse; The Soviet Example and American Prospects (New Society Publishers, 2008), watched the collapse of the Soviet Union in the 1990s and predicted a similar crisis would later occur in America .
Buckminster Fuller had also predicted the collapse of the Soviet Union and America in 1981— the twilight of the world's power structures— in his book, The Critical Path (St. Martin's Press, 1981). Both nations crippled by excessive debt brought on by excessive military spending (what Bucky called killingry ) were fading behemoths whose passing would make way for a better world.
http://www.marketoracle.co.uk/Article8082.html
China's customs agency said Wednesday that merchandise exports in February plunged 25.7% from a year earlier. That is one of the biggest drops on record, and extends the 17.5% fall in January for a fourth straight monthly decline. http://online.wsj.com/article/SB123674128193891921.html
http://www.marketoracle.co.uk/Article9296.html Euro in Freefall as European Monetary Union Faces Collapse
London Mayor Boris Johnson is trying to bolster the city's position as a global financial center by offering overseas companies one year's free rent if they relocate to the U.K. capital.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aoDmfRIgv68Y&refer=home
The Bloomberg Professional Global Confidence Index fell to 5.95 from 8.5 in February. A reading below 50 means pessimists outnumber optimists. Sentiment about Europe and the U.S. slid, while respondents in Asia were less pessimistic about their region, the survey showed. German factory orders fell 38 percent in January from a year earlier, the government said today.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aEgHLmYvjmek
March 11 (Bloomberg) -- German manufacturing gorders collapsed in January as the global recession smothered exports.
Orders plunged 38 percent from a year earlier, the biggest drop since data for a reunified Germany started in 1991, the Economy Ministry in Berlin said today. From December they fell 8 percent, four times as much as economists expected and extending their worst decline on record.
"The annual slump is absolutely catastrophic," said Alexander Koch, an economist at UniCredit MIB in Munich. "The extent of declines is terrifying." http://www.bloomberg.com/apps/news?pid=20601068&sid=apE182UITs2E&refer=home
