Showing posts with label Global financial system. Show all posts
Showing posts with label Global financial system. Show all posts

Tuesday, April 26, 2011

Is Collapse Of America Inevitable?

We are watching the Fall of the Great American Empire.

Historically, national decline and economic crisis is always accompanied by violence and war. The decline of European empires was marked by World War I and II, with the Great Depression in between.

In the face of global economic crisis (we are still in crisis), the probability of a world war is ever increasing. 

Russian Professor Igor Panarin, Senior Oklahoma Senator Jim Inhofe and countless economists and political analysts predict the imminent collapse of the United States! 

Panarin, doctor of political sciences and professor of the Russian Diplomatic Academy Ministry of Foreign Affairs, says that events are continuing to confirm his doomsday prediction first made over 10 years ago, that the United States will completely collapse like the Soviet Union.

Since 1998, Panarin has been forewarning of the crumbling of the United States and the crash of the dollar. According to Panarin, the recent election victory for Japan’s Democratic Party is yet another sign that the economic collapse of the U.S. is almost upon us.

“Obama is “the president of hope”, but in a year there won’t be any hope,” Panarin said. “He’s practically another Gorbachev – he likes to talk but hasn’t really managed to do anything. Gorbachev at least had been a secretary of a regional communist party administration, whereas Obama was just a social worker. His mentality is totally different. He’s a nice person and talks nicely – but he’s not a leader and will take America to a crash. When Americans understand that – it will be like a bomb explosion.”

Panarin believes that both Japan and China will dump their dollar reserves for other currencies, thus seriously damaging the dollar's value.

Panarin blames the demise of America on a “political elite that implements an absurd and aggressive policy that aims to create conflicts around the planet” and warns that increasing firearms sales in the U.S. are a sign that people are preparing for “chaos” in the aftermath of a total financial meltdown.

According to Panarin, America’s collapse was brought about by economic and political factors, but primarily by the fall of the US dollar and its bursting foreign debt. He states, “They have created in the United States a pyramid (of foreign debt) based on the dollar, and they see no other way to solve this crisis… In the 1980s, the US almost had no foreign debt, but in 1998, this reached $2 trillion. Now, they have [a debt of] $12 trillion and so it grew six times in just a decade… This reminds me of the situation in my country before the USSR fell because our foreign debt increased five times.”

Panarin goes on to say, “In my opinion, the probability of the US ceasing to exist by June, 2010 exceeds 50%. At this point, the mission of all major international powers is to prevent chaos in the US,” Panarin concluded.

My last two articles, Chinese Economic Takeover now Inevitable Many Experts Predict and The Chinese Takeover of America  were exactly about what they implied. China owns ever more of America and the U.S. is becoming ever less creditworthy. China is loosing their trust in America. And they are loosing their patience. How much longer will they keep letting us borrow? How long before they want to collect what we already owe them? And though it is our own fault that it has come to this, it all boils down to China being the greatest threat the United States has ever faced.

The United States will NOT Go Down Quietly

The United States has the largest and most powerful military force in the world. With America headed for collapse and the probability of a violent end of the American empire drastically increasing, it is likely that US perpetration of current wars is in part an agenda to strategically position and prepare American troops for an eventual last stand.

As far back as 2000, a think tank called the Project for the New American Century, or PNAC published a report called, Rebuilding America’s Defenses: Strategy, Forces, and Resources for a New Century. In accordance with the Defense Policy Guidance document, they write that, “the United States must retain sufficient forces able to rapidly deploy and win multiple simultaneous large-scale wars.” Furthermore, there is “need to retain sufficient combat forces to fight and win, multiple, nearly simultaneous major theatre wars,” and that “the Pentagon needs to begin to calculate the force necessary to protect, independently, US interests in Europe, East Asia and the Gulf at all times.”

The plans for war were already well under development in the 1990s, as Americans developed detailed strategies for a "new world order.” For this, “the USA would need to use all means - diplomatic, economic and military, even wars of aggression - to have long term control of the resources of the planet and the ability to keep any possible rival weak.”

Many believe that PNAC plans for empire were drawn at Bodemian Grove by America's elite and Bilderberg members.

Political economist, Ellen Wood, put it this way, “Boundless domination of a global economy, and of the multiple states that administer it, requires military action without end, in purpose or time.” She went on to say, “Imperial dominance in a global capitalist economy requires a delicate and contradictory balance between suppressing competition and maintaining conditions in competing economies that generate markets and profit. This is one of the most fundamental contradictions of the new world order.”

Following 9/11, the “Bush doctrine” called for “a unilateral and exclusive right to preemptive attack, any time, anywhere, unfettered by any international agreements, to ensure that ‘our forces will be strong enough to dissuade potential adversaries from pursuing a military build-up in hope of surpassing, or equaling, the power of the United States’.”

US strategy following the break-up of the Soviet Union in 1991 was focused on encircling Russia and China and preventing the rise of a new superpower.


Did the New World Order make a Mistake?

Unfortunately, unforeseen to those in charge with the best interests of  the New World Order, partially due to the decline in morals, values and work ethics of the American people, the world economy began to change with the shifting of industry and manufacturing to foreign companies and countries.

The average American has a mindset of wanting live well while doing as little work as possible. Why should an American have a job if they can sit at home and get paid for doing nothing? Let the Chinese produce goods for us to use for free.

American employers have long realized that outsourcing work to a country such as China is not only cheaper, but their workers do a better job! To clinch the deal, there are less liabilities when outsourcing work to China or India.

The endless parade of benefits and entitlements has made America lazy and uncompetitive.

Though the act of lowering government worker wages would go a long way in helping re-balance Americas unstable economy, this still would not help get lazy, "entitled" Americans of their couches to do a better job.

Without a fundamental change of America's principles, morals, values, ideals and, especially, work ethics, I am afraid all hope is lost.

Most economists and political analysts agree with me and do not believe the US will recover from the current economic crisis.

The US greenback could very well go on a free fall as early as this autumn, thus triggering the collapse of America as we know it, followed by World War III.

We can only hope that the New World Order, with its rich international bankers, weapons dealers and industrial tycoons can stop the approaching Armageddon.

But maybe the New World Order wants WWIII! They've been talking about population reduction for quite a while. Population reduction up to 90%! What better way to kill off a large percentage of the world's population then by war? 

After a global war, the NWO would be able to rebuild the world as they see fit. With out a doubt, with their almost unlimited resources they would survive any war. With  their almost unlimited resources they could build the world of their dreams!

Do you believe that the United States is headed for collapse? Do you believe we are headed for WWIII? Do you believe that the New World Order can, will and wants to stop it?

My Conspiracy Watch readers and I value your opinion, so please leave your comment bellow.

Written By: Tom Retterbush



Sources

Wednesday, October 6, 2010

Predictions of Global Economic Armageddon

In all major regions of the world, the economic recession is deep-seated, resulting in mass unemployment, the collapse of state social programs and the impoverishment of millions of people.

We are not dealing with an economic crisis or recession, we are headed for total chaos.


As I wrote in my article from September 15, 2010, Economists Fear US Apocalypse, the economic crisis will be accompanied by a worldwide process of militarization, a "war without borders" led by the United States of America and its NATO allies. The conduct of the Pentagon’s "long war" is intimately related to the restructuring of the global economy.

The global financial architecture sustains strategic and national security objectives. In turn, the U.S.-NATO military agenda serves to endorse a powerful business elite which relentlessly overshadows and undermines the functions of civilian government.

The meltdown of financial markets in 2008-2009 was the result of institutionalized fraud and financial manipulation. The "bank bailouts" were implemented on the instructions of Wall Street, leading to the largest transfer of money wealth in recorded history, while simultaneously creating an insurmountable public debt.

With the worldwide deterioration of living standards and plummeting consumer spending, the entire structure of international commodity trade is potentially in jeopardy. The payments system of money transactions is in disarray. Following the collapse of employment, the payment of wages is disrupted, which in turn triggers a downfall in expenditures on necessary consumer goods and services. This dramatic plunge in purchasing power backfires on the productive system, resulting in a string of layoffs, plant closures and bankruptcies. Exacerbated by the freeze on credit, the decline in consumer demand contributes to the demobilization of human and material resources.

This process of economic decline is cumulative. All categories of the labor force are affected. Payments of wages are no longer implemented, credit is disrupted and capital investments are at a standstill. Meanwhile, in Western countries, the "social safety net" inherited from the welfare state, which protects the unemployed during an economic downturn, is also in jeopardy.

Last week, the government revealed a record 40.8 million Americans are now on food stamps.  More budget woes can be seen at the state level.  Congress just passed an emergency aid package worth $26 billion to save teachers’ jobs around the country.  States are facing $200 billion in shortfalls in the coming months. California is one of the worst, with a $19 billion budget hole to fill and a $500 billion in underfunded pensions. Commercial and residential real estate is still losing value, and set to take another plunge.



The Myth of Economic Recovery

The normal model of asset price movements does...Image via Wikipedia
The Great Depression
While there is talk of an economic renewal, Wall Street commentators have persistently and intentionally overlooked the fact that the financial meltdown is not simply composed of one bubble – the housing real estate bubble – which has already burst. In fact, the crisis has many bubbles, all of which dwarf the housing bubble burst of 2008.

Although there is no fundamental disagreement among mainstream analysts on the occurrence of an economic recovery, there is heated debate as to when it will occur, whether in the next quarter, or in the third quarter of next year, etc. Already in early 2010, the "recovery" of the U.S. economy had been predicted and confirmed through a carefully worded barrage of media disinformation. Meanwhile, the social plight of increased unemployment in America has been scrupulously camouflaged. Economists view bankruptcy as a microeconomic phenomenon.

The media reports on bankruptcies, while revealing local-level realities affecting one or more factories, fail to provide an overall picture of what is happening at the national and international levels. When all these simultaneous plant closures in towns and cities across the land are added together, a very different picture emerges: entire sectors of a national economy are closing down.

Public opinion continues to be misled as to the causes and consequences of the economic crisis, not to mention the policy solutions. People are led to believe that the economy has a logic of its own which depends on the free interplay of market forces, and that powerful financial actors, who pull the strings in the corporate boardrooms, could not, under any circumstances, have willfully influenced the course of economic events.

The relentless and fraudulent appropriation of wealth is upheld as an integral part of "the American dream", as a means to spreading the benefits of economic growth. As conveyed by Michael Hudson, the myth becomes entrenched that "without wealth at the top, there would be nothing to trickle down." Such flawed logic of the business cycle overshadows an understanding of the structural and historical origins of the global economic crisis.

Financial Fraud

Media disinformation largely serves the interests of a handful of global banks and institutional speculators which use their command over financial and commodity markets to amass vast amounts of money wealth. The corridors of the state are controlled by the corporate establishment including the speculators.

Vast amounts of money wealth are acquired through market manipulation. Often referred to as "deregulation", the financial apparatus has developed sophisticated instruments of outright manipulation and deceit. With inside information and foreknowledge, major financial actors, using the instruments of speculative trade, have the ability to fiddle and rig market movements to their advantage, precipitate the collapse of a competitor and wreck havoc in the economies of developing countries. These tools of manipulation have become an integral part of the financial architecture; they are embedded in the system.

The Failure of Mainstream Economics

The economics profession, particularly in the universities, rarely addresses the actual "real world" functioning of markets. Theoretical constructs centered on mathematical models serve to represent an abstract, fictional world in which individuals are equal. No single individual has the power or ability to influence the market, nor can there be any conflict between workers and capitalists within this abstract world.

The concentration and centralization of economic decision-making, the role of the financial elites, the economic thinks tanks, the corporate boardrooms: none of these issues are examined in the universities’ economics programs. The theoretical construct is dysfunctional; it cannot be used to provide an understanding of the economic crisis. Economic science is an ideological construct which serves to camouflage and justify the New World Order.

Free market capitalism is denying the existence of social inequality and the profit-driven nature of the system is denied. The powers of market manipulation which serve to appropriate vast amounts of money wealth are rarely addressed. And when they are acknowledged, they are considered to belong to the realm of sociology or political science.

The global political economy is a system that enriches the very few at the expense of the vast majority. The global economic crisis has contributed to widening social inequalities both within and between countries. Under global capitalism, mounting poverty is not the result of a scarcity or a lack of human and material resources. Quite the opposite holds true: the economic depression is marked by a process of disengagement of human resources and physical capital. People’s lives are destroyed. The economic crisis is deep-seated.
The structures of social inequality have, quite deliberately, been reinforced, leading not only to a generalized process of impoverishment but also to the demise of the middle and upper middle income groups.

Middle class consumerism, on which this unruly model of capitalist development is based, is also threatened. Bankruptcies have hit several of the most vibrant sectors of the consumer economy. The middle classes in the West have, for several decades, been subjected to the erosion of their material wealth. While the middle class exists in theory, it is a class built and sustained by household debt.

The wealthy rather than the middle class are rapidly becoming the consuming class, leading to the relentless growth of the luxury goods economy. Moreover, with the drying up of the middle class markets for manufactured goods, a central and decisive shift in the structure of economic growth has occurred. With the demise of the civilian economy, the development of America’s war economy, supported by a whopping near-trillion dollar defense budget, has reached new heights. As stock markets tumble and the recession unfolds, the advanced weapons industries, the military and national security contractors and the up-and-coming mercenary companies (among others) have experienced a thriving and booming growth of their various activities.




War and the Economic Crisis

War is inextricably linked to the impoverishment of people at home and around the world. Militarization and the economic crisis are intimately related. The provision of essential goods and services to meet basic human needs has been replaced by a profit-driven "killing machine" in support of America’s "Global War on Terror". The poor are made to fight the poor. Yet war enriches the upper class, which controls industry, the military, oil and banking. In a war economy, death is good for business, poverty is good for society, and power is good for politics. Western nations, particularly the United States, spend hundreds of billions of dollars a year to murder innocent people in far-away impoverished nations, while the people at home suffer the disparities of poverty, class, gender and racial divides.

An outright "economic war" resulting in unemployment, poverty and disease is carried out through the free market. People’s lives are in a freefall and their purchasing power is destroyed. In a very real sense, the last twenty years of global "free market" economy have resulted, through poverty and social destitution, in the lives of millions of people.

Rather than addressing an impending social catastrophe, Western governments, which serve the interests of the economic elites, have installed a "Big Brother" police state, with a mandate to confront and repress all forms of opposition and social dissent.

The economic and social crisis has by no means reached its climax and entire countries, including Greece and Iceland, are at risk. One need only look at the escalation of the Middle East Central Asian war and the U.S.-NATO threats to China, Russia and Iran to witness how war and the economy are intimately related.

How fast could things go downhill when real trouble starts?  Mallory Factor at Forbes laid it out nicely in an article last week called “Collapse In Internet Time.”  Factor writes, “In an age when billions of dollars in securities are traded in nanoseconds, when a 24-hour news cycle seems long, why should national decline be exempt from what the Germans call Zeitgeist, the spirit of the age? The Book of Revelation, speaking allegorically of ancient Rome, states, “Alas! Alas! You great city, you mighty city, Babylon! For in a single hour your judgment has come.” Ancient Rome surely did not expect its sudden fall any more than the Soviet Union did in 1991, or than America does now.”


The Book

The contributors to this book reveal the intricacies of global banking and its insidious relationship to the military industrial complex and the oil conglomerates. The book presents an inter- disciplinary and multi-faceted approach, while also conveying an understanding of the historical and institutional dimensions. The complex relations of the economic crisis to war, empire and worldwide poverty are highlighted. This crisis has a truly global reach and repercussions that reverberate throughout all nations, across all societies.

Get your copy of The Global Economic Crisis today.

NOTE: Tom Retterbush, Investigator of Conspiracy Watch, is not affiliated with The Global Economic Crisis. The Great Depression of the XXI Century in any way, shape or form and does not receive any compensation for featuring it on this blog. The material from The Global Economic Crisis. The Great Depression of the XXI Century is only for for content and information to benefit the reader.

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