Editorial comment by Arturo Rosales:
 
The second wave of the global financial crisis on almost upon us. The stock markets were on the run last week as investors focused on the debt crisis now plaguing Greece which is expected to spread to other European states such as Portugal, Ireland, Italy, and Spain; nor will the UK be spared the wrath of these financial problems.
 
In other words the threat of so-called financial contagion is driving the fear of investors, bankers and governments and thanks to the phenomenon of globalization, the US will also be hit as this plague spreads around the world like a viral pandemic wiping out the existing financial system built on a mountain of worthless paper, or fiat currencies.
 
The system is collapsing. You can Google thousands of articles about this subject so as to prepare you and your family for what will occur later this year...and it's already started. In the meantime watch this short video from Russia Today TV (RT TV) which gives some details on the mechanics of the crisis and the forecasts by the experts at the Bank of International Settlements in Basel, Switzerland.

- Arturo Rosales, Columnist
Axis of Logic