by on Feb.23, 2010, under Corporate world, Economy, Government intrusion, History, Mankind, Politics

Doesnt it all just seem a bit too good to be true? According to the media we just dodged the biggest economic crisis since the 1920′s. Wrong. So wrong. The worst is yet to come. Of that I have no doubt at all.

“The people have been lulled into a false sense of safety under the rouse of a perceived “economic recovery.” Unfortunately, what the majority of people think does not make it so, especially when the people making the key decisions think and act to the contrary. The sovereign debt crises that have been unfolding in the past couple years and more recently in Greece, are canaries in the coal mine for the rest of Western “civilization.” The crisis threatens to spread to Spain, Portugal and Ireland; like dominoes, one country after another will collapse into a debt and currency crisis, all the way to America.

In October 2008, the mainstream media and politicians of the Western world were warning of an impending depression if actions were not taken to quickly prevent this. The problem was that this crisis had been a long-time coming, and what’s worse, is that the actions governments took did not address any of the core, systemic issues and problems with the global economy; they merely set out to save the banking industry from collapse. To do this, governments around the world implemented massive “stimulus” and “bailout” packages, plunging their countries deeper into debt to save the banks from themselves, while charging it to people of the world.

Then an uproar of stock market speculation followed, as money was pumped into the stocks, but not the real economy. This recovery has been nothing but a complete and utter illusion, and within the next two years, the illusion will likely come to a complete collapse.

The governments gave the banks a blank check, charged it to the public, and now it’s time to pay; through drastic tax increases, social spending cuts, privatization of state industries and services, dismantling of any protective tariffs and trade regulations, and raising interest rates. The effect that this will have is to rapidly accelerate, both in the speed and volume, the unemployment rate, globally. The stock market would crash to record lows, where governments would be forced to freeze them altogether.

When the crisis is over, the middle classes of the western world will have been liquidated of their economic, political and social status. The global economy will have gone through the greatest consolidation of industry and banking in world history leading to a system in which only a few corporations and banks control the global economy and its resources; governments will have lost that right. The people of the western world will be treated by the financial oligarchs as they have treated the ‘global South’ and in particular, Africa; they will remove our social structures and foundations so that we become entirely subservient to their dominance over the economic and political structures of our society.

This is where we stand today, and is the road on which we travel.”

More of this very worrying article here.


4 Comments for this entry

  • ptsp

    It is certainly very good, but there is a lot of overcomplication in that article and focus on minute details. I think you can better understand the situation by watching this: http://www.youtube.com/watch?v=F-QA2rkpBSY

    It really just comes down to some quite simple mathematics.
    Sustainable growth is an oxymoron, because if you just look at the arithmetic of steady growth, the numbers become astronomically large in modest periods of time, so you can’t have steady growth.

  • clara

    Can you stop paying attention to this depressing bullshit please

  • LSP

    It’s clearly not bullshit Cla, it is our future. Would you rather be ignorant?

  • ptsp

    It doesnt go away if you ignore it Cla. In fact it leaves you more vulnerable to the next leg down. And the next, and the next. We are post peak oil, and it is all downhill from here, the question is rather if it plays out quickly or realtively slowly as it has done so far for the last 2 years.

    over the long-term, through many centuries, historians give nations an average of about 200 years before they burn out. Why? Because the “blind optimism” that makes a nation great in the early years of its rise to power and glory becomes, paradoxically, its worst enemy in the end-days.

    Their arrogance traps them in a self-sabotaging cycle that weakens their resolve, makes them vulnerable to new, unpredictable challenges, ultimately destroying them from within. That happens over and over throughout history, even as their optimistic brains tell them they’re still the greatest.

    http://www.marketwatch.com/story/death-of-us-capitalism-the-final-10-scenes-2010-02-23?pagenumber=1

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