This could be the most important article I’ve written since my prediction of the 2008-09 market crashes and near global economic collapse. Based on global Tweets I’ve received from in-the-know finance people this past weekend it’s obvious now that the world’s economy is heading into the tank. Comment’s like “IMF (International Monetary Fund) says U.S. economy is the only industrial nation showing any sign of life.” The interesting thing about that statement is that the U.S. economy’s GDP is green only because of an unprecedented spending program by the Government. Without that spending the U.S. economy would be in the tank along with the rest of the world.
There are many out there that may doubt my comments, but today’s release of China’s economic downturn and its revised rapidly declining economy by the IMF points to an ever mounting global catastrophe both economic and social.
The one country that has always been the engine of Capitalism has been the U.S. But, under the current Administration, Capitalism is being smothered with aggressive regulations and penalties that have left Private Sector industries afraid to make a move for fear of massive fines and criminal prosecutions.
Currently, the Obama Administration is in a bear hug with American banks leaving them an empty shell of their past glory. It could be said that banks were and are the problem with our economy, but when you add crony-capitalism (government interference) into the mix you have a socialist based economy with nowhere to go but down.
One should think of our U.S. economy as a lead dog of a sled team. If the lead dog is drugged while headed towards a cliff, disaster is inevitable and that’s exactly where we are now. We need desperately to get that lead dog thinking straight so it can avert the disaster.
One must think beyond our U.S. border to understand what’s really happening globally. Our current Administration especially has moved us at top speed toward an unproven global community that may very well be the worst idea in recorded human history. With the global theme of redistribution of industrial countries assets to third world peoples the whoosh feeling coming out of these industrial economies is frightening.
Proof of this can be found on the eve of President Obama’s State of the Union address where he will propose more entitlements for the masses. Virtually all Conservatives, along with me, see the folly of this move, but there is another way of looking at this handout.
It seems the President is putting the cart before the horse by giving free college and more money to families after filing their tax returns. But, he just may be foretelling the future of America’s middle class. He says he will take from the super-rich and give to the poor and middle class. Have you noticed that the so called middle class are now being lumped into the poor? That inclusion is by design and is proof to main street America that Globalism is affecting the common men and women of America.
Oil prices are the canary in the coalmine. If there’s gas in a coal mine the canary dies and our canary is dead as a doornail. What‘s now pushing our world economies towards disaster is the threat of deflation, lack of price stability on the down side.
When prices of gasoline, food, real estate and everything else that’s sold in the open market decline at a rapid rate people are laid off, profits decline, Capitalist formed companies go bankrupt and an unproven Globalist redistribution scheme starts falling into place.
One word of advice! The 1% wealthy, that’s now being reported, in the world, who now have more than everyone else will be the next leaders of this global rule, simply because when your ever depleting resources are finally gone you’ll be just another number in their brave new world of no war, no luxuries, no social advancements, no nothing!!!!
But, don’t despair, there’s still hope. By rejecting the globalist theme and putting a Conservative President in the White House in 2016, along with a more conservative Congress, we can delay the globalist plot long enough to show the rest of the world they’re going about this the wrong way.
Let’s hope and pray that happens for humanity’s sake. – N.P.Contompasis