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The World Post Global Economic Meltdown

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posted on Nov, 7 2012 @ 05:47 AM
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The following was forwarded to me by a reliable individual regarding a recent report compiled by the European Central Bank....

Dear ......, what Gustavo shared with me was nothing less than the ECB’s Top Secret report entitled: ‘Analysis of the World when the Debt Crisis Explodes.’ That this report was denoted as ‘Top Secret’ by the ECB indicated that only senior members of the ECB, their staff, their family members, selected members of the banking industry and their families, the janitorial staff at ECB headquarters, as well as the employees at a variety of FedEx print stores around the world were privy to the information in the report. Dear reader I must ask you not to share what you are about to learn with anyone. The contents of the report are disturbing.

Everyone is in Rehab: I am in charge

“David” Gustavo began, “you will not believe the report I am looking at, what it says is extraordinary’’. “Gustavo, why are you reading reports, I did not think that you had actually had any responsibilities other than as the ECB’s resident wine connoisseur and as a bon vivant.” “David”, he responded, “I wish that were true but the stress here has been so intense that most of the senior members of the ECB are in rehab. In fact, I am in charge of the ECB today. There is an expectation that the acting head of the ECB should read all reports.” “Alright Gustavo, you have my attention, what does the report say?”

Half a league, half a league, Half a league onward, All in the valley of Debt Rode the G-20 : with apologies to Alfred Tennyson

“David the report indicates that the last two years have been a sham. Central bankers have known all along that there is no bridge to take us over the valley of debt and into the next global economic renaissance. The report acknowledges that the glue that holds the G-20 countries together is the largesse of each central government that provides services and employment to the population. Furthermore this largesse from the central government helps dictate the behavior of provincial, state and municipal governments.”

In simple terms Nations will come unglued

“When the debt crisis explodes and central governments are no longer able to print or borrow money this relationship will end. The central governments will no longer have a function. In simple terms the sovereign nations we recognize today will come unglued. This will inevitably lead to a fracturing of many of the G-20 countries. The report anticipates that Greece will split into three countries, Northern and Southern Italy will go their separate ways. Catalonia will split from Spain, Scotland will say good bye to Great Britain. The list goes on forever.”

It turns out that Ontario was never that popular

Quebec will bid adieu to Canada. He chuckled a bit and said not only does the report indicate that Quebec will separate from Canada but it suggest that within a month of Quebec’s separation, Canada will hold another referendum and the people of Canada will ask Ontario to leave Confederation. [It turns out that Canadians never did like Ontario all that much.]”

I do not believe a word of what you are saying.” Or did I?

“Gustavo, what you are suggesting is heresy. I do not believe a word of what you are saying.” Or did I? “I took a long pull from my bottle of Jack Daniels that I kept on my bedside table. “Gustavo, calm down, surely the report indicates that there is a plan to cope with this potential upheaval.” I suggested. “David”, Gustavo moaned, “There is no plan. Every action taken by central banks over the last few years has only had the goal of delaying the inevitable.

Greece is nothing more than a test tube

There is no money left. Greece has been nothing more than a test tube to give other governments the opportunity to see how events will unfold once the debt crisis explodes. France, Germany Portugal, it doesn’t matter; they are all heading in the same direction as Greece. France has not balanced their budget in 40 years. France’s fate will be no different than that of Greece. We estimate that France will split into 5 countries.” I was getting a little nervous. I reached under my bed and was reassured to find my two emergency bottles of Jack Daniel’s were still there. “Gustavo”, I asked, “I do not understand, we seem to have been muddling along OK, why the sudden urgency? “What is the big panic?” “David”, he sighed, “our projections indicate that the popular vote in the US election will be split 50/50. There will be no mandate for the new leader. The Electoral College, we suspect, will barely put Obama back in the White House. The gridlock will be even more intense and vicious regardless of who ends up on Pennsylvania Avenue.

‘Red States, Blue States, Spanish States?’

The hatred between the republicans and democrats will intensify to the point that the red states and blue states will begin to discuss splitting America in to three separate countries comprised of Red States, Blue States and Spanish States.” I started to relax and laugh, Gustavo’s prognostication was the dumbest, most preposterous and stupid observation I had ever heard. The empire that is the USA was a rock, a bastion of united exceptionalism, forged in steel, united by their love of their flag and their country. The USA would never disintegrate into disparate and smaller nation states. I told Gustavo that he was being absurd. “Am I David, Am I really?” he responded cryptically.

Empires can evaporate

“Our study reminded us that in 1980 the USSR was the biggest, toughest Empire history had ever produced. No one in 1980 would have suggested that the USSR would evaporate in 10 years leaving the two Germanys reunited and create 15 new, notionally democratic countries. We checked our history books, all empires, Roman, British, Soviet, to name a few, came to an abrupt end after a period of military over reach and political and economic hubris.

It is in the DNA of an empire to rise….and fall

The USA is not different. Their government is effectively bankrupt; their military is still a voracious money gobbling machine that will ensure that any attempt at fiscal sanity will be unsuccessful. We project that the last dollar spent by the US government before it collapses will be spent on another aircraft carrier in a sad attempt to ensure that they always have 10 more aircraft carriers than the rest of the world combined. Empires are not permanent David; they are temporary structures whose demise is contained in the DNA that was implanted in the Empire at its birth.” It started to dawn on me that this was serious.

I will be joining the senior members of the ECB in rehab
I reached for my secret stash and lit a giant doobie to calm my nerves. [Dear reader, I am aware that if I am not careful I will be joining the senior members of the ECB in rehab.] I was desperate for some happy news so I suggested to Gustavo that China might save us. Gustavo groaned “David the moment Europe and The USA run out of money and are unable to buy all the gadgets and toys that China manufactures, China will endure its own economic crisis. China will begin its own evolution to become a collection of smaller nation states.

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posted on Nov, 7 2012 @ 05:48 AM
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You are ‘harshing my mellow’

Without European and American consumers to purchase Chinese products, China cannot create the required 25 million new jobs per year that ensures the country’s stability. There will be political unrest and a movement for the various territories to take control of their own destiny.” “Gustavo,” I responded angrily, “You are ‘harshing my mellow ‘. Can you wrap this up and give me some good news?” “David”, he offered, “the good news is that the world is not coming to an end. It is evolving. What will be hard is for the world to accept change. A world dominated by an empire is not a permanent condition. In the world of globalization there is no such thing as the status quo. The world will likely evolve back into a series of city states or provinces. Trade will become less global and more local.

Nothing new, history has seen the evolution of empires many times.

The concept of passports and borders will diminish as the movement of people will mirror the movement of goods. There will be no barriers to the free movement of goods or people between various states and provinces.” Gustavo continued, “David, what this report suggests is actually nothing new, history has seen the evolution of empires many times. It is no big deal. It just means change. Change can sometimes be difficult. It will be most difficult for the baby boomers who have benefited most from the debt binge and who will be most affected by the change.” So what should I do with my money Gustavo, can you suggest some good stocks to buy to profit from the change your report suggests is inevitable?” Gustavo hesitated, “I really should not tell you David, but senior members of the ECB are moving their personal fortunes to physical gold and diamonds, as well as water and farmland.”

Map Maker, Map Maker, Make me a Map
“Please do not share this with anyone”. Gustavo pleaded, “The senior members of the ECB are also investing heavily in the creation of map making companies. With all the political change that will be forthcoming map making will be a huge growth industry.”

Brave New World

Dear reader, I took a long drag on my doobie and pondered what Gustavo was telling me. Despite the effects of the doobie and the Jack Daniels, it was clear to me that changes were coming. Every generation has had to struggle through a crisis. The Great Depression, WWI and II, famines, plagues, they have all challenged mankind. The debt crisis will be the historic challenge for the baby boom generation. The baby boom generation, for better or for worse, are going to be in charge when the debt crisis reaches its climax. That much is certain. What is uncertain is whether the baby boomers will rise to the challenge and lead the world peacefully out of the debt valley. What kind of Brave New World will baby boomers leave to future generations? How will the baby boomer generation be remembered? I thanked Gustavo for the information. I thought about what he had shared with me and decided to have a nap. The crisis would have to wait.





 
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