Title: Mcgowanjm Wire 2012 Source:
[None] URL Source:[None] Published:Feb 26, 2012 Author:Various Post Date:2012-02-26 09:15:13 by A K A Stone Keywords:None Views:1370561 Comments:2390
The world has over a thousand multibillionaires. These people conspire with each other to expand free trade, increase government debts and eliminate capital from banking systems. All reforms must pass their inspection and anything curbing their astronomical accumulation of wealth is nixed whereas anything that increases it is shoved forwards. The result is an international banking collapse, a government debt crisis in nearly all first world countries and increasing violence at the bottom of society.
Very few of those living in the old paradigm of consumption, debt, and 40-hour work weeks will be able to maintain this lifestyle over the coming decade.
Nearly four years after the financial collapse of 2008 the majority of global economic indicators in America, Europe and China are suggesting that the situation has worsened, not moved into a recovery phase. What we’ve seen so far in terms of the vaporization of wealth, the destruction of jobs and the impoverishment of millions of once middle-class families is but the opening salvo in a world-wide depression that is sure to change the presumptions we have about global economic and geo-political stability.
