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Economic crisis in the United States will have global consequences : be prepared

by : chycho
Saturday April 26, 2008 - 18:23
5 comments

http://www.chycho.com/?q=node/1674

I recently received the following email:

“I am having a great deal of frustration trying to convince my Canadian family that our lives are in danger from US economic break down. They are … absorbed in this irrational world and always have faith that our government will assure our safety in time of great disaster. They fail to realize that this is not something that will just take care of itself… I was hoping if you could provide me with or point me to some articles that may shed some light on what will happen to Canada when the US dept bubble bursts.”

I can definitely sympathize with this problem. It has taken me years to be able to convince some of those that I love to begin to think about preparing for what appears to be a major restructuring of our present civilization. Not only will this change be an economic and political one, but will also require the rethinking of our health care system, how we treat the environment, and most important of all, our personal choice on what types of foods to consume.

Luckily though, the job is becoming easier as time progresses. Thanks to the choices that our “leaders” in governments and corporations are making, what the future is going to look like is becoming clearer and the script is writing itself.

The first phase of this restructuring is almost near completion. Since the economy affects everyone, it is an economic collapse that is triggering everything else. In January 2008, the International Monetary Fund released an update of their report for the World Economic Outlook. It states that “the global economic expansion has begun to moderate in response to continuing financial turbulence. Global growth is projected to decelerate from 4.9 percent in 2007 to 4.1 percent in 2008” and that “headline inflation has increased since mid-2007 in both advanced and emerging market economies. Core inflation has also drifted upward.”

That was the prediction in January, we are now in April, and in just four months the situation has deteriorated to a level where the IMF is openly stating that “America’s mortgage crisis has spiralled into ‘the largest financial shock since the Great Depression’ and there is now a one-in-four chance of a full-blown global recession over the next 12 months.” And this is exactly what we are seeing with the US housing collapse spreading to the rest of the world, “with real estate prices down from the Irish countryside and the Spanish coast to Baltic seaports and even in parts of India.”

The simplest way to look at what is happening is to think of being the owner of a retail store. If your customers were having financial difficulties, then their problems would also affect you.

Let’s assume that energy consumption is a valid measure of how much of the world’s resources (products) a country consumes. The United States, with less than five percent of the world’s population, consumes approximately one fourth of the world’s energy resources. Now, since the year 2000, the US dollar has been devalued by approximately 50% relative to the euro (euro has gained more than 90%). This means that if an American citizen were able to buy one apple from your store with one dollar 8 years ago, then that same dollar would only purchase half an apple today. We know that wages in the United States have not doubled in the last 8 years, which means that at some point, your customer will have to start purchasing less from your business (They just don’t have the money to pay $2 per apple anymore). This will in turn require you to consume less and reduce the quantity of the products you carry in your store.

This is a domino effect. The United States is beginning to consume less, which means that manufacturers in other countries are starting to produce less, which requires less raw materials and less labor, which in turn is slowing down the global economy to a level where the IMF refers to it as “the largest financial shock since the Great Depression.” Keep in mind that the United States is officially bankrupt.

The situation in the US has become so desperate that American refugees are flooding into Canada to escape the economic collapse, as well as being displaced internally. If the American refugee crisis continues to grow as analysts predict, then the cost to Canadians will be astronomical, especially considering that the average processing time for a refugee claim in Canada is currently 14.2 months, “a period during which the applicant is eligible for financial and other support.”

Also consider this, if you are the owner of a retail store, then even a 10% reduction in sales may mean doom for your business. The United States consumes 25% of the worlds energy (30% of the worlds resources). If their dollar continues to tank, which there are very good indications that it is going to do, then their purchasing power will continue to deteriorate.

The positive side to all this is that it will force us to start consuming less which should slow down the global environmental catastrophe that we face. The downside, aside from the destabilization of our civilization, is that we may be faced with a new round of consolidations and centralization of power for the elite.

http://www.chycho.com/?q=node/1674



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Americans oblivious to their economic fate
Saturday April 26 - 22:53 - Posted by fc7c506183271276...

Over the past year the U.S. Presidential race has provided many key indicators of a core problem involving the existing economic meltdown. Of all the candidates, only Ron Paul comprehensively addressed the costs of empire, the waste in military expenditures, the manipulation by the Fed to prop up Globalization, etc. For the sake of argument, let’s say he was absolutely wrong on every point. Nonetheless, he accentuated the issues for debate. Sadly, the media in general and the public at large ignored his discourse.

Now Americans are left with McCain who has no objection to sustaining the Neocon empire, Clitnon who has supported the Neocon aims all along but yet insists that she’s going to provide gifts and bonuses to the middle class simply based on her husband’s reputation for bolstering the economy - which included massive deregulations that enabled financial institutions to exploit NAFTA and credit-based entanglements - and Obama, who’s attempting to be a moderate.

The problem with Obama, by far the best of the three, is that he wants to "bring along the American people." Really? That would be great if they had a semblance of what’s happening, but they’re woefully ignorant. At this point they’re not actually looking for leadership, but handouts to compensate for the fact the middle class has been robbed since Reagan. Yet, somehow, they’re generally sympathetic to those Reagan "ideals" of hard working people getting what they deserve in "Free Markets." Free? Yeah for the top dogs who have stripped away countless good jobs, pensions plans, and opportunites for common folks.

And nowhere is there an objection to the Plunge Protection Team(http://en.wikipedia.org/wiki/Plunge...) stepping in to float the markets, save the banks or perpetuate bad, corrupt practices since their efforts have rewarded investors with dividends. Hey, Americans seem to be saying, as long as I get mine I don’t give a rat’s ass about the collective.

If "the people" really understood what’s happening there might be room for hope. Instead, they’ve turned over their collective destiny to a bunch of Neocons who are ruining America for the sake of saving it, or at least that’s what they say they’re doing.

Is it too late for people to wake up and effectively react? If the PA primary was any indication, yes.




Americans oblivious to their economic fate
Wednesday July 23 - 08:08 - Posted by 9764c9b020ea0b1b...

Sorry for being a bucket of cold water, but Obama is exactly the same... It will withdraw partially from Iraque to place more 65 000 troops in Afganistan:
http://www.globalresearch.ca/index....
http://www.globalresearch.ca/index....

Well there isn’t any hope in politicians, only sporadicly some one truly deserving credit appears, like Ron Paul, but they are soon "midia" or even in reality "physically" assassinated... but hope is all that people have... but lets hope in themselfs more and more in the future so that they can see and fight where the real evil is.

Ron Paul took a hell lot of a risk, but i believe that he knows that if he really had a very good chance, perhaps he would already had had an "accident" by now... but he had to do something to arouse the people, to shake the status quo.

Nevertheless i believe that after the storm there will be the North American Union and the Amero... and for a while, everything would be extensively re-financed, where it should be, among the working and enterprising people, and not among the dirty scum Wall Street speculators, and times of very good prosperity will issue... and this is if the world don’t blow itself largely in an WW III.

And so it is this way that crises are fabricated. By freezing credit to the "people" and withdrawing money from circulation there will be recession, and is done in cycles, so that large batches caught in previous debt bubbles can became for all purposes modern hard labor slaves by losing everything they have... to progress agendas, people are financed extensively where it should be, and prosperity will issue giving the impression of everything being alright..

BUT UNTIL PEOPLE CLAIMS THE RIGHT TO BE THE ONLY RIGHTFUL ISSUER OF MONEY, AGAINST A COLLATERAL BUT WITH NO USURY WHATSOEVER, PEOPLE WILL ALWAYS BE SLAVES NO MATTER HOW PRO-FREEDOM THE LAW IS.

And so as WAS PLANNED the Amero would seem to give the stability that everyone hungers for... meanwhile the dollar will be dead, and with it the constitution of the USA for all practical reasons... an extraordinary historic document of how "could be" really freedom for the people.

But even a little time of prosperity will have a tremendous price... instead of free speech, and freedom everything, there will be believes and rules, superstitions, dogma instead of science, oppression instead of truth... people microchiped and tracked everywhere... segregated and prejudice tagged... and the same evil pretentious world masters since a couple of millennium... with even more power... smiling from their temples..

As planned.



Economic crisis in the United States will have global consequences : be prepared
Thursday May 1 - 07:03 - Posted by e5eb3a2891696bda...

Hey,I didn’t know I would get 14 months of assistance.I’m. otta here,can you meet me at the airport?Ifigure i’ll get my payback from dishing out the bennies to the Mexicans!See ya up there.




Economic crisis in the United States will have global consequences : be prepared
Friday May 2 - 04:16 - Posted by b02920c65a681eff...

thats it, we’re building a wall.



Economic crisis in the United States will have global consequences : be prepared
Friday May 2 - 04:34 - Posted by 944a833b6ee2a694...

Good! Build it high.






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