Global economy IMPLODING! Take immediate action!

Take immediate action!

The capital markets are in full-scale meltdown mode just as I predicted last weekend.

The Dow Industrials have lost almost 750 points in just seven trading days. The S&P 500 has shed 8.1% since its late October high, while the Nasdaq Composite has tanked 8.4%.

It’s easy to see why …

First, the peripheral European bond market is imploding! Belgium’s borrowing costs hit fresh record highs in the last 48 hours, while Spain’s cost to borrow for a lousy 90 days more than doubled in the last month.

That country had to pay 5.11% to borrow money for just 90 days; that’s roughly 200 basis points more than the last time they borrowed.

Second, the panic is spreading to the very heart of Europe. Germany attempted to sell 6 billion euros of 10-year bonds. But get this: Investors were only willing to buy 3.6 billion euros worth. That means Germany missed its target by a whopping 40%!

One analyst in London called the bond sale a “complete and utter disaster” as it’s driving up borrowing costs in the one country everyone is counting on to bail out its weaker brethren!

Third, the global economy is grinding to a halt! A key index that measures manufacturing activity for China plunged to 48 in November. That was down from 51 in October and the worst reading in a whopping 32 months!

Meanwhile, a comparable index for Europe showed manufacturing activity sinking to the worst since July 2009.

Bottom line: The European countries that need money the most can’t raise it without paying through the nose.

The European countries and super-national organizations that are supposed to bail those guys out are now finding that THEIR cost of borrowing is rising.

And outside of the capital markets, the real economy is slowing fast.

This is precisely why I urge you to
join us on our weekly Wednesday Conference Calls!

In this free call, Richard, Greg, and I explain why America is actually in WORSE shape than Europe is right now — and why our great sovereign debt crisis is likely to be far more severe.

And we tell you what monumental event now threatens to trigger the ultimate financial doomsday — and why it will plunge vast numbers of U.S. families into the nightmare of poverty, homelessness and hunger.

Most importantly, we show you how to get through this disaster with your wealth intact … how a handful of Americans will use this crisis to build enormous wealth … and how you can too!

Our weekly Wednesday Conference Call is free, and given all that’s happening in the world right now you have every reason to attend immediately. If you can’t attend I urge you to Purchase MP3’s Previous Calls: http://www.joetufo.com/shop