The Global Economies Are Quickly Moving Closer To Collapse

The Middle East revolts that have come on so suddenly and shocked the world, few people saw coming. Not the vast U.S. military and spy network, nor anyone else's spies and not the scholars and media pundits and other experts. And it's not just the Middle East.

European economies, most notably Greece and Ireland are rebelling against tight fiscal controls and Spain, Portugal and Italy are right behind them, and England could follow. Union protests are even happening here in America. Next will come America's angry and disillusioned unemployed and underemployed, followed by its retired when their Social Security checks shrink in inflation and Medicare is cut. These problems are global.

In the Middle East, supposedly this is a fight for freedom, but once the dictators are overthrown, there is no plan. There is celebration and then the Armies of those nations rule, promising future elections. Let us hope those promises are honored. But what set-off the revolts is food prices are skyrocketing but not the income of the mass of working people to pay for it. And many others are jobless.

Since the near global financial collapse in 2008, governments and their central banks have avoided a Great Depression but only by illusion. Massive bailouts of giant companies and stimulus plans all done on the backs of taxpayers, along with staggering sized borrowings and printings of money.

But this grand illusion is coming to an end as inflation and rapidly rising food and other commodity prices are telling us. Please anticipate volatility and change coming that will alter your world and take protective action NOW. Slash your overhead and live within your means. Become more valuable at work by cross-training and by helping your employer make more money. Most important of all, help others in need as people did during the Great Depression, for in the end, our most valuable resource is each other.

Dick

To read more on this subject, please see: Gerald Celente, http://www.trendsresearch.com/index.htm. Thank you to my friend Nelson Davis for sharing this with me.