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While the debt problem that the national governments around the world are facing has become widely known, since the associated deep cuts in the nations' support structures can no longer be hidden, it is less known that the wildly growing the financial markets have created much of the debt that will eventually break the markets unless something else breaks the markets first. It is likewise, little known that every effort by the governments in deficit reduction, as a means for dealing with the debt, has resulted in increased deficits and indebtedness because of the destructive effect that conservative measures have on the wealth-creating physical economy on which the tax base rests. While there have been small temporary gains in some areas, the overall trend has been profoundly negative.
The universal effect of financial speculation.
The effect of financial speculation is felt by all people. The process of putting new money into the money supply, creates debt for the entire nation. Likewise, the looting of the productive sector through the cashing in of fictitious profits, effects all people. The same goes for the collapse of physical production when the producing industries are starved of investment funds. Everyone suffers from the drain of funds into the speculative bubbles. Even farming is effected.
Strangely, one can notice a tendency in governments to hide these negative trends. To some degree this is the result of the government's long accounting cycle by which policy actions are officially measured. In real terms, however, these figures seldom contradict the general trends which indicate fundamental errors in the society's economic assumptions. In many areas the negative trends have grown to catastrophic proportions in terms of impact on human living, where they overlap with a whole range of other disturbing trends which will be addressed later in this book.
The picture that now emerges, when one combines all the trends into a single perspective, is disturbing. It is disturbing, because the various trends become mutually amplifying. This is most visible in the financial realm, so much so that many a warning flag has been raised in financial newsletters where one reads about predictions of another 1929 or 1987 style stock market crash. The reasons that are cited are generally limited to the immediate signs in some specific area that are recognized as disturbing. There is little research evident in these letter into the underlying causes for the disturbing trends. In most cases, the newsletter writers simply blame the governments. There are complaints circulated about the government having too much debt, or not imposing enough spending cuts, or imposing too high taxes, or too many regulations, or too much government altogether,.. and so the list goes on. Such excuses are cheap shots and are far from hitting deep enough to reveal the systemic errors that effect the governments, the industries, and the financial markets together, and society as a whole.
These systemic errors are errors in the basic axioms that have become accepted by society as absolute, or as fundamental law. As the result of accepting false axioms, or sets of fundamental assumptions, a number of factors have emerged on the horizon with potentially devastating consequences for the societies of the world. Their destructive effects are likely to be severe if the policies that are based on the currently accepted axioms are allowed to play themselves out.
Most of the triggering factors that could bring the global financial house down, ironically, are not even financially oriented, in a direct sense.
One of these, for instance, is today's growing hysteria over what is perceived as a world-wide population explosion. This ideological perception has drawn immensely powerful actors into the arena of population 'management,' many of which have their own policy making capability that directly effects the economies of the world, and this not necessarily in a manner that improves the economic functioning of society. To the contrary, most these policy games are centered on economic devolution and disintegration, for these are potent weapons in the arsenal of the population reduction activists. These weapons are currently used to the full with dire effects on the targeted populations.
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Stories about
War
from novels by Rolf A. F. Witzsche
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