Well, at the very least, WT, the next few years are going to be interesting.
I think whoever is in charge wants to put off the inevitable so it doesn't happen on their watch. But we all know that it will make things worse when the real crap hits the fan.
Yes, I think we got left-lite with Bush and we're getting global heavy-duty left with this sitting president.
If the dollar collapses under the weight of this crippling deficit spending. It will be interesting to see if Celente and Igor Panarin are correct with the rest of their trend analysis...?
What happens when commodities once traded in dollars begin to trade in other currencies?
Why would currencies fail?
Maybe to generate the crisis necessary to create one that would make everyone rush to endorse a new one?
...this new currency would need to be secure...one backed by something that would have tangible value.
Maybe one based on a
precious metal (gold, silver, platinum), or backed by a natural resource (coal, oil, natural gas)...
How about like when the two Germany's fused ...anyone remember what happened? Communist East Germany had a few million laborers who needed jobs, whose people only wanted freedom and a chance to work, whose economy was highly leveraged by all the socialist programs that basically destroyed the middle class, taxed the wealthy into oblivion and left only those government insiders, trade unionists, and party loyalists to fight for all that was left - power - even if it's a bankrupt state it's the power over the poor slob who doesn't have any. The fusion into west Germany was very good for them. Gave them jobs, they had no emotional attachment to their currency or their failed system. They did however expect the state to take care of them - they had become used to it. They flooded into the west, some adjustments were difficult, but it was all upside for them.
For the western Germans, they got a lot of labor (some skilled) - but they also got a lot of the "we pretend to work..." mentality while they expected full pay, in Western Marks... As the economy struggled to absorb so many much more labor and the social safety net struggled to keep up with the demand of too much withdrawal, not enough contribution. They raised taxes, attempted to find some stability in the currency - but their economy withered. West German companies became less competitive due to the value added taxes on all consumed goods to support the lack of jobs and the state welfare programs. Unemployment rose. They off-set this with the Euro...but that took years.
American investment opportunities in the 80's fueled economic expansion, we imported workers, eventually our expansion triggered one worldwide.
Now imagine that globally - and without the United States.
Food riots, break-up along geo-political fault lines, heck - we won't care if they call it an Amero - we'll take anything - as we lurch toward the updated version of
OceaniaUnder a leftist it's acceptable - so long as we change the meanings of the words - gotta keep folks feeling good - so roll out the double-speak, Newspeak, stay away from Oldspeak, gotta be politically correct, don't want to be seen as those dirty Proles...
Hey, non-sequitur, know who's in control when you use someone else's currency?
Anyone, anyone...?
