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What Would USD Collapse Mean for the World?

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I came to the conclusion several years ago that it was just a matter of time before the world realized that the relative functionality of the U.S. dollar was about to go belly up – to collapse – and that that time happened to coincide with that fateful date all the prophecies are going crazy about – 2012! Words: 881

August 31st, 2011 | Posted in U.S. Dollar | Read More »

The Future: How Best To Avert Disaster

The future will be determined by how global supply and global demand are brought back into balance. If, [on one hand,] the means are found to expand aggregate demand sufficiently and sustainably, then the global excess supply will be absorbed and the global economy will begin to grow again. If, on the other hand, equilibrium is restored by a collapse in supply – back to a point at which there is real demand, a point determined by the current income and purchasing power of the individuals who comprise the world’s population – then globalization will collapse and the world economy will plunge into depression. Should that occur, millions of people around the world could starve before the decade is out. The geopolitical repercussions of such a scenario would be beyond dire. Words: 1313

January 4th, 2011 | Posted in Economic Overview,Economy | Read More »

 

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