We’re On the Verge of a Global Financial Crisis, Warns Japanese PM

May 28, 2016

Group of Seven (G-7) summit leaders met today (Thursday) to voice concerns about emerging markets. Their host, Japanese Prime Minister Shinzo Abe, didn’t waste any time to drop some disturbing information…

He presented data that indicates the global economy is on a path to repeating the 2008 global financial crisis.

Abe’s evidence included a chart that signaled a 55% drop in global commodity prices between June 2014 and January 2016. He compared the similarities of this modern-day commodities crash to the commodities price plummet that occurred between July 2008 and February 2009.

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