The human body, or for that matter, the the body of a dolphin or a snail, is a magnificent work of art. When young and healthy, possessing an exuberance for life, any creature is a wonder to behold. Sadly, age, accident, or abuse takes its toll on any organism and a developing problem with any part of the system, be it the heart, the liver, or the lungs, effects the entire life function and deterioration is inevitable. The same holds true for the world's financial system. The lack of a healthy economy in any nation has a direct effect on the economy of all nations.
Today we are witnessing the results of years of abuse visited upon the varying financial systems of the entire planet. While it is no longer politically correct to praise the virtues of capitalism, the simple fact of the matter is that it works...If left to its own cycles, and it has become the favorite whipping post of all who choose to denigrate America. Instead of being truthfully hailed as mankind's greatest benefactor, capitalism has been reviled as a force to enslave the masses. Such is the nature of Progressive propaganda.
Two hundred years ago, each nation's economy was more or less autonomous, but an inter-dependency has developed since the dawn of the industrial revolution, and that inter-dependence is what can bring all of the economies of the world crashing down around us, plunging humanity into a state of financial ruin that will make the Great Depression look like a minor inconvenience.
As sheep huddle together for warmth, so too do the nations of the world attempt to ally themselves with others for protection against common enemies, and their own mistakes. There is no better example than the European Union. Bankers and politicians seeking wealth and power, who conceived of this illicit merging of the finances of free nations, while those hoping for added security, from the company of fellow sheep, gladly fell into step with others en route to the slaughter house. Today the banksters and politicians have achieved their goals, while their unwitting followers have willingly thrown away the security they once had as sovereign states.
The rallying cry of sensible Americans is "Get us out of the UN", while in Europe and England it has become "Get us out of the EU." It seems as though it is too late on both counts. The Foreign Office has now warned the British embassies around the world to prepare for riots when, not if, the Euro collapses
We in America have been witnessing Barrack Obama's own version of crony capitalism making friends and political donors wealthy as he squanders the hard earned money of the American tax payers. Capitalism has unjustly become the scapegoat for all of the world's problems in recent years, but what Obama is doing is not capitalism, it is pandering to his chosen ones.
that there be winners and losers. Our citizens gain from winners, and are far better off without the losers, but the system of survival of the fittest was disrupted by the term "Too big to fail." No one, or no organization, is too big to fail! If they are allowed to fail then they will learn the error of their ways, if they do not learn, then they will fade away and be a burden to no one. Bailing out General Motors and troubled banks does not help America, for when the government starts picking winners and losers there is one guaranteed loser: The taxpayer!
The concept of guaranteeing that a corporation succeeds at tax payer expense is nothing short of criminal. Guaranteeing that a country succeeds in spite of its political malfeasance is nothing short of treason. Greece, Spain, Italy, Portugal and Ireland are victims of the system far more so than they are recipients, for with those "Bailouts"
come terms and conditions that are nothing short of selling those nations, and the futures of their people, to the banksters that are bankrolling the loans.
|John Maynard Keynes
If I were hard pressed to identify the worst fault of capitalism it would have to be the effect of envy that it has on non capitalistic countries. Freedom, and with it, free enterprise, has a way of leading to a better way of life. The United States developed the highest standard of living the world has ever seen and it was not by accident. It was the result of economic policies that are no longer allowed.
There is a widely held notion that there is nothing in the world that cannot be improved, and so our leaders decided to discard the wisdom of John Locke
, on which this nation was built, and embrace the reasoning of John Maynard Keynes, founder of the Keynesian
economic school of thought. It essentially states that nations can better themselves by spending more money than they have. Not only did America embrace this destructive policy, but all of the nations of the world, wanting to enjoy the blessing of capitalism without the responsibility, joined in and today the lie that we have been living is catching up. That day of reckoning draws nigh.
The 2008 economic crisis triggered the failing of the three largest banks in Iceland, and rather than seeking a bailout and kicking the problem on down the road to be dealt with at a later date, with even bigger problems, they chose to face the problem head on and deal with it now. That is what Greece, Ireland and the other trouble nations should have done. Instead they chose to borrow money that didn't exist, putting yet more strain on the stronger economies of Germany, England and other members of the EU.
All of this lending and borrowing has created such an interdependence among the various nations that the inevitable collapse of one economy will send reverberations throughout the European community. The collapse of two or more will most certainly be the death knell of the Euro and the outbreak of despair followed closely by violence.
Americans are a unique people, believing that they are immune from many of the world's problems. Most are incapable of seeing how unrest in the Middle East can be of any great concern to us and they fail to realize the effect that a collapsing Euro will have on our economy. Abraham Lincoln once spoke of how our nation would never have to worry about foreign armies on our soils. Thanks to oceans on both sides, he was correct, but those oceans do not protect us from an economic meltdown.
The warning from the UK about a collapsing Euro must
be a wake up call for Americans
. The nations of Europe are our greatest trading partners. At the moment we face economic uncertainty, record level unemployment, out of control spending and a man in the White House who is intentionally trying to destroy the greatest economy the world has ever known. Imagine, if you will, the effect that a European failure would have on us. All
of our problems will immediately intensify.
Unemployment...If Europe has no functioning economy, they cannot buy from us. What becomes of the jobs of people, from farmers to manufacturing to shipping and handling, that are dependent on a stable European market? Most of us are already convinced that Obama plans our economic demise. The collapsing economy of Europe is custom made for his purposes. Throw trillions more that we don't have into a sinking cause and then join them in the whirlpool to oblivion.
The collapse of the American economy will lead to far more than mere unemployment and hyperinflation. Think of the outstanding debt we owe to China. Surely they have not loaned those trillions of dollars to us because they felt magnanimous. What rights, oil leases, lands or other concessions will they demand to call the debt closed? And, do not be lured into thinking that China's financial state is above disaster. If Europe and the United States both suffer economic collapse then China has lost the customers that have made them wealthy.The Chinese, like the people all other nations, are living beyond their means. They, in order to keep people working and their economy moving, are building about ten "Phantom Cities" a year where no one will ever live. This total loss of sanity takes place solely to support a way of life they cannot afford.
The picture below is satellite imagery of one of those people-less cities. Please click the link following the photo for yet more of these new ghost towns.
This comment from that link is highly indicative of a false economy, and a false economy is like bluffing in poker...Sooner or later someone calls the bluff and you fold.“China consumes more steel, iron ore and cement per capita than any industrial nation in history. It’s all going to railways that will never make money, roads that no one drives on and cities that no one lives in.”
|Ordos...China's most famous phantom city
The images of phantom cities
in this link are perhaps the best indicator that all of mankind has embraced Keynesian economics. We are all living a lie and have been doing so for years, avoiding a harsh reality, and delaying the day of reckoning. The reality we don't want to face is that we cannot have it all. We have tried but it just won't work. In the real world there must be those who are rich and those who are poor, it is part and parcel part of being mankind. Now, after years of disputing this premise, we are about to pay for the error of our ways.
The protests taking place in Greece are a warning of things to come
Those protests of today are mild in comparison to what is coming. These events are simply people venting their frustration and anger and are but the progeny of a troubled economy. A collapsed economic is a beast of a totally different nature. It is a system in which citizens will no longer be able to purchase food, clothing, or fuel for cars and winter heating. Those conditions are a spectre that will trigger human misery and violence on an immense scale and guarantee civil war, world wide. Anyone reading this should do their own research and prepare for what is coming at us.
Facts about the Euro:
There are 27 nations in the European Union, 17 of which use the Euro as their medium of exchange. They are Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.
In addition to the 17 members of the Eurozone, five additional countries also use the Euro. They are Montenegro, Andorra, Monaco, San Marino, and Vatican City, also there is Kosovo, the exact status of which is contested.
Nearly 200 million other people worldwide, mostly in Africa, have their own currencies which are based on their holdings of the Euro.
Ignoring the other nations who depend on the stability of the Euro in one capacity or another, the combined 17 countries that are officially in the Eurozone constitute the second largest economy in the world. Only the USA surpasses them. Use your own imagination to visualize the chaos that will ensue with the collapse of the Euro monetary system.