posted on Oct, 24 2007 @ 12:02 AM
The banking elite control (eventually ruin) economies, woodrow wilson conceeded he single handedly ruined his country (after passing the fed. reserve
act) and allowing the bankers said control of the money supply.
Any major change in global order or whatever catch phrase (NWO) will be overseen by the money intrests in the world (cenral bankers)
my take is the economies of the U.S and UK (primarily) and possilbly Japan will be hit hard by consumer spending decline's leading to deep recession
and unemployment. Nothing of the "end of the world crap" but nothing pretty, either.
India will be succesful leading the technolgical sector into the future. China is a wild card IMO
America's "radical" amount of freedoms are slowly chipped away and alot of times no body knows simply because laws can be enforced discretionally,
making protest to these changes mute, since people don't notice an immediate effect. Some beleive if a severe recession strikes certain freedoms
could impede the speed to deal with large civil uprises can be dealt with and thus restore a semblance of order.
A new global economic order may be born when the U.S and U.K consumers feel the weight of the housing crashes and see their equity fall (for some
become negative) and slow their spending (sharply).
This appears to be occuring at a time when the Global financial system is severely leveraged on debt. Yes, central banks always relied on debt, but
now the deregulation of the markets enable's that debt to be stretched further in order to increase the amount of loans and speculations banks and
investment bankers can lend/make.
Debt has been seen as wealth. Paper assets marked to myth (not market) seem to make up a large amount of reserve's which banks then multiply from to
determine there potential growth. The growth in the economies in the last decade has been based on speculation and paper wealth, not tangible
infrastructure or industrialization. (w/ the exception of large corportaion going global) It has been speculated up through lending and low intrest
rates, and carry trades to form asset bubbles in anything under the sun, and governments pressured to get re-elected often postponed/substituted
natural corrections with more deregulation and thus money supply growth (in the form of credit largely) to keep the financial system from ( in the
early days correcting/but now the system is dependent on credit growth for survival) because a correction now would cause a MASSIVE DEFLATION of ASSET
The large banks of the united states are in deep trouble due to the fact that alot of the "assets" and their associated values are very sketchy (in
fact no one wants to try and sell these assets because they find out what their real worth is ) so they set up some super siv investment fund, which
hides losses temporarily, and allow them to still lend out the massive amount of loans (which are a multiplier of the worth of there reserve's made
up of asset values which are not really all they are cracked up to be)
otherwise banks would have to call in alot of their loans, and the stock market would crash, because people would have to sell lots of stocks, to pay
the banks when they call in these loans.
In an asset crash , cash would be king, people with $ would be able to buy up assets at pennys on the dollar. it would be the buying opportunity of a
worse yet the american economy thrives on consumer spending and as the consumer is more tapped out retailors feel this and foreign investment may flee
(espeically as lower intrest rates yield less return) and the financial sector feels this heavily, eventually consumer slowdown may take out the debt
leveraged markets, which in turn would leave america ( as well as similiar situation in the UK) in need of martial law and may stretch the limits to
order out of chaos.
The banks see this coming, perhaps the only way for them to make major money, as the credit cycle is about to unwind, would be to take short positions
in the markets, this would lead to a historical crash (probably greater than (1929-30's) (the banks i am referring to are Jp morgan, goldman sachs ,
bank of america in particular) the other banks would probably go out of business (insolvent) in fact these major banks may go down themselves while
the big wigs at the top make moves to save their personal nest eggs before the fall.
the laws or (lack of which have been changed) the martial law rules have been laid out , the containment camps have been built, all that is needed is
a severe consumer driven recession and financial crash, their are know new bubbles which can be inflated for consumers, and some planners undertand
Their will be recession in the u.s an the u.k the only question is will the credit cycle be able to continue to expand during this whole mess(i.e
will the financial sector and the leveraged markets weather this storm, and will the dollar be worth anything of value when we stop devaluing it in an
effort to balance the trade deficit.
[edit on 24-10-2007 by cpdaman]