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Clearly we are already have a one world economy/monetary system.
The paper dollar/petro dollar is what "fuels" the current economy. Once this economy comes crashing to the ground the Petro/American dollar won't be worth the paper it is printed on and inflation will spiral out of control in many countries. Paper money will be dumped faster than toilet paper and people will hold on to anything worth any value. Goods, food, precious metals etc.
The US may be weaker economically, but it is still one of the world's top economies (it is the top, if you count the EU as its separate nations).
The thing is, it is VITAL for the US economy to succeed, because if we fall, we take everything else down with it. For those who produce what we consume, the loss of their major customer is a death blow.
Not sure where you learned about economics or political science...but you've likely got an excellent case for suing for a tuition refund....
The US economy will fail soon? Sure.....some reading for you to help...
en.wikipedia.org...
Here's some more, showing how the US Stock Market affects World Markets....
www.worldfinancialwatch.com...
Then, you contradict yourself....why on Earth would the US Elite want to see it fail? What would they possibly gain? No, they'd lose...big time...
When I am proved right, you can sue for your money back from every source that told you otherwise.
You are welcome to assume that will continue till eternity.
No, they won't. They know exactly how to achieve that, cause the US economy to collapse and benefit from it. One would have thought the subprime mortgage crisis and the consequences made that eloquently clear. Guess not!
For the sake of the world economy, lets hope I'm correct...
Excellent example....of how the elite WON'T benefit from it. There were quite a lot of rich people suddenly in the poorhouse because of that...so just how did the elite benefit from that? Sure, there were a few that made some quick money off it, but that kind of decline isn't of any long term benefit...it was profiting off a quick deal.
Originally posted by Observor
reply to post by Gazrok
For the sake of the world economy, lets hope I'm correct...
The world will be better off when an unproductive economy collapses. Some readjustments will have to be made, but nothing worse than feeding an unproductive economy to keep it from collapsing.
Excellent example....of how the elite WON'T benefit from it. There were quite a lot of rich people suddenly in the poorhouse because of that...so just how did the elite benefit from that? Sure, there were a few that made some quick money off it, but that kind of decline isn't of any long term benefit...it was profiting off a quick deal.
You seem to have mistakenly equated the accidental rich with the elite and also failed to notice the bankers' bonuses after the banks had to be bailed out by public money to prevent their collapse.
By the way, there is yet another big burst in the offing, the derivatives bubble. And many more accidental rich (not the elite) will be biting dust big time. But the elite are safe, as always.
But the biggest pay off for the elite is not the pay offs from the US stock markets. They are from their investments in the emerging markets.
The elites are not safe nowadays because of internet, unlike previously.How could they get away this time ?
They can be as faceless as they want but eventually their lust for power will be their undoing. Information travel so fast nowadays there won't be enough time for them to hide once they are identified.