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IPFS News Link • Economy - International

You Can Add Iraq And Ukraine To The List Of Economies That Are Collapsing

• theeconomiccollapseblog.com

 In recent weeks I have written about the ongoing saga in Greece, the stock market crash in China, the debt crisis in Puerto Rico and the economic meltdown in South America.  But there are more economic flashpoints that I have not even addressed yet.  For example, did you know that a full-blown economic collapse is happening in Iraq right now?  And did you know that the economy of Ukraine is contracting rapidly and that it cannot pay its debts?  Back in 2008, the financial crisis was primarily centered on the United States, but this time around it is turning out to be a truly global phenomenon.

When the U.S. "liberated" Iraq, the future for that nation was supposed to be incredibly bright.  But instead, things have just gone from bad to worse.  This has especially been true since we pulled our troops out and allowed ISIS to run buck wild.  At this point unemployment in Iraq is at Great Depression levels, the economy is steadily contracting and government debt is spiraling wildly out of control


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