pedsi
04-02-2009, 06:16 PM
It seems Chinas economy is also in crisis!
http://business.timesonline.co.uk/tol/business/economics/article5627687.ece
ritchs
05-02-2009, 04:21 AM
It will be interesting watching this develop. The Chinese have the power to collapse the western (especially the usa) economy overnight. But they have been suckered into acquiring a good lifestyle by becoming the manufacturing center. At the same time, 'we aint seen nuttin yet' as far as the economy crisis, we are not even in Act II of this debacle. If the USA declares the equivalent of Bankruptcy by not honoring its debt and refusing to pay out to the International Bank of Settlements by claiming insolvency, that may well be considered an act of war. This whole thing is supposed to come to a head soon and could drag out longer.
the nine
05-02-2009, 06:37 AM
this global collapse has been put off and put off for too many years to mention..
in the nineties, the twin towers were symbolic of exagerated inflated wealth, debt slavery and poverty..
there was an underground movement of people all over the world unified against the monetry system and the looming credit time bomb!
in 6 different movies, the twin towers were depicted coming down..in fight club this was depicted, as a deliberate event by the under classes striking a blow back, at authority and the mess it was making of the world, because this was the movement felt in the underground communities..I whitnessed it first hand at techno parties and underground dance events..
After 911, it all went away,or much deeper underground!
the banks have fleeced the people for centuries, ripping of their govts who bring order for the bank to even exist.. this has been tollerated as the bakers back political parties, which drives the political machine, which gives illusion of freedom!!
The credit had expaned exponentially untill there was nothing left in this world, to borrow monies agaist with which to enable, a further servicing of old debt, by the creation of new debt!
then it all imploded..and the value of world currency has to decline whilst the popuation expands..thus the gap between rich and poor becomes more of a canyon than a gap.
Yet the worlds politicians, want to maintain the status quo..more of the same.
More debt created money to service old debt..
How about a currency will generate zero debt, printed by the govts of the world, and valued at each countries GDP.this money can only be exchanged for goods and services, NOT for saving in any banks nor investing. then redeemed to the respective goverments as tax payments..
..just a thought..but you wont here this being discussed, at any G10 summit.
again sorry for the long post
ritchs
05-02-2009, 09:19 PM
..just a thought..but you wont here this being discussed, at any G10 summit.
You're right on target!
No you won't hear this discussed because as you are well aware, debt is the very source of their power.
One president tried to eliminate the Federal Reserve and look what happened to him.
If they could get rid of the interest/debt based system of banking, we would emerge to a new plateau of human history. Without exaggeration, we would be in the dawn of a great new age.