Thursday, December 22, 2011
UN Warns of possible worldwide downturn
The UN has warned us that projected economic growth worldwide has been downsized from 3.6% to about 2.6%. When they make such projections, they don't use real growth because inflation is a secret tax and they won't admit to it which would cause everyone to realize that 2.6% growth, in real terms IS a downturn. After all, inflation is much higher. It's disguised as currency speculators try to make a little money guessing which currency will zig and which will zag. This props up the market for currencies and allows governments to hide behind the "evil" speculators who make bets on what the government policies will mean. Speculators can't control the markets but central banks sure make the attempt and speculators are considered "evil"? What does that make central banks? Anyway, be assured that the changes in Europe will only make things better temporarily. Christine Lagarde, head of the IMF, said that the world is in a dangerous position economically, especially for poor nations. I have a question, why does the suffering of poor nations cause us more grief than the suffering of "rich" nations? If the people of the country can't buy necessities, who cares if the nation is rich or poor. Suffering is suffering. It's the decisions of politicians and central bankers which is causing the problem now. How on Earth are the same people going to fix things? NO ONE can look out for you better than you so you should make preparations to provide for yourself because when the economic collapse comes, the infrastructure will disappear or, worse, be managed by the military. A very few countries will be relatively unaffected by the collapse so, if you don't think you can adequately prepare in the US of A, maybe you should consider leaving.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment