All Fall Down.

     Listening to the Cameron millionaire cabal spouting about growth in the economy, and how we in the Uk are ahead in the European recovery, makes you wonder how well their medication for delusion is working. The latest “growth” is now thought to be cash being spent by those who have received compensation from the banks after being miss-sold some of the banks' favourite gambling scams. So as long as the banks keep getting fined and people keep getting compensation, people will keep spending, well those few on the receiving end of the banks con-fund. Hardly the signs of a powerhouse economy in growth. In countries claiming “recovery”, it has been a no-wage increase economy, so a no-growth recovery for the ordinary people.

      However it is not just the UK that is kidding itself on about “growth”, it is a Western malaise, the delusion of the perpetual growth maniacs. It just isn't there. The world economy is in decline, the world's financial institutions are in extreme stress condition. As America tries in vain to save itself, by limiting “quantitive easing” (printing monopoly money) it is adding to the chaos and worries of the rest of the world.

     What this means for you and I, is the threat of deprivation on a scale never witnessed before, as country after country tries to “balance the books” by slashing the social fabric, the living conditions, of the ordinary people. How do you balance the books when the world's total debt is in excess of $700 trillion, and the world's total GDP is only approximately $69 trillion? What this means is that if every penny of the world's wealth was put to paying off the debt, it still would not be clear in ten years time. To make matters worse, more than 90% of the world's money is not real money, it is funny money, phoney money, created monopoly money, it is illusional. Any wonder that the financial house of cards is about to collapse? We have to organise now for that inevitable collapse, we can create a better world free from the cancer of profit and growth.

This from A World To Win:

A contagion of capital flight is hitting Argentina, India, Indonesia, Russia, Brazil, South Africa, Hungary and Turkey. A dramatic reversal in the global marketplace, which began in May and is accelerating with every new shock statistic, is forcing the governments of “emerging” economies to savage the living standards for their already low-income populations.

Each country has a different story to tell: worse or better attempts at managing their economies; higher or lower levels of foreign currency reserves; more or less extremes of corruption of government ministers; levels of civil unrest ranging from the benign to insurrectionary. But the source of the crisis invading their borders lies elsewhere, beyond their control. 

- See more at: http://www.aworldtowin.net/blog/sick-global-economy-hit-by-new-contagion.html#sthash.v4CoE9xp.dpuf

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