Re: Economic mayhem: Brace yourself for the insolvency crunch
Well, this will mean that lower and middle classes will suffer a lot, while privilege wil even find new way to make money, as it hapepned for the 1929 crisis.
The swindles of the world financers will inevitably be paid by the real economy, factories will close, people will be unemployed, people will strive just to nourish their children and themselves.
Perhaps it will be good for Europe since it will cease to be the Eldorado for immigrants and the europeanswill want back that certain works they are shunning now.
But communist movements will be reinforced, and this could be eithe a disaster or a benefit in the sense that right wing movements could be at last re-evaluated by the financial puppeteers that are now dancing with the wolves of the left and social democracy.
Who will remain such nonetheless, i'm afraid.
Moreover, anybody without a real pot of gold treasured somewhere will have to see his savings evaporate and his revenues severely curtailed or reduced to nothing.
__________________
Communism and socialism are so utopistically detached from the true nature of man that politicians and militants pursuing them are either criminals exploiting the gullibles of earth or they are just the worst among the honest politicians.
Important: a comprehensive, simple and sharp academic thesis from the University of Naples on Seignourage and the new World Order.
http://files.meetup.com/224547/tesi_tamburro.pdf
#
|