Post by Attero Dominatus on Aug 4, 2011 14:01:55 GMT -5
This is a fiction forum, but some of the best inspiration comes from real life events, including current events. More importantly, it is a good thing for this to be discussed so I thought I would turn this into a 'catch all' thread for news, especially political news.
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The obvious: The regressives raised the debt ceiling, pushed 'cuts' that are not actual cuts, and the stock market dropped.
The not so obvious: Europe is even closer to collapse than the US is, with Italy about to fall and Spain on the brink. Greece is still in deep trouble as well and even Israel is now seeing strikes. All of this is leading to a global sell off.
Precious metal prices are dropping as well. Gold dropped 20 dollars since yesterday while all other metals had shorter drops. Oil is also falling despite OPEC not boosting output.
What we may be seeing is the beginning of a deflationary spiral and if it keeps up, we will see another Great Depression. If governments print money to stave it off (and they no doubt will), it will kick the can down the road but make the spiral even worse in the long run because prices will go up but employment will not. The original Great Depression was a huge factor in triggering WWII; as economies collapsed, dictators promised financial security in exchange for freedom and blamed scapegoats as they robbed their own people. War diverted attention, provided employment, and (at least temporarily) inflated ailing economies.
Today, we are seeing a perfect storm of global economic woes mixed in with political tensions. The Arab Spring is producing governments that live and breathe war, especially against the Jewish people, and tensions are rising between China and the United States. Unless things are turned around soon, we could see another world war within our life times.
From what I have learned, we are now in the 'collapse' phase of a four phase cycle; stagnation, collapse, warfare, prosperity. This cycle lasts on average 80 years.
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The obvious: The regressives raised the debt ceiling, pushed 'cuts' that are not actual cuts, and the stock market dropped.
The not so obvious: Europe is even closer to collapse than the US is, with Italy about to fall and Spain on the brink. Greece is still in deep trouble as well and even Israel is now seeing strikes. All of this is leading to a global sell off.
Precious metal prices are dropping as well. Gold dropped 20 dollars since yesterday while all other metals had shorter drops. Oil is also falling despite OPEC not boosting output.
What we may be seeing is the beginning of a deflationary spiral and if it keeps up, we will see another Great Depression. If governments print money to stave it off (and they no doubt will), it will kick the can down the road but make the spiral even worse in the long run because prices will go up but employment will not. The original Great Depression was a huge factor in triggering WWII; as economies collapsed, dictators promised financial security in exchange for freedom and blamed scapegoats as they robbed their own people. War diverted attention, provided employment, and (at least temporarily) inflated ailing economies.
Today, we are seeing a perfect storm of global economic woes mixed in with political tensions. The Arab Spring is producing governments that live and breathe war, especially against the Jewish people, and tensions are rising between China and the United States. Unless things are turned around soon, we could see another world war within our life times.
From what I have learned, we are now in the 'collapse' phase of a four phase cycle; stagnation, collapse, warfare, prosperity. This cycle lasts on average 80 years.