GreenAlba June 11, at 1:
The writing is on the wall and can no longer be ignored. We will continue adding trillions of dollars to the national debt clock until such time that our creditors no longer lend us money. Unfortunately, the current strategy is chock full of its own pitfalls, the least of which being the real possibility of a hyperinflationary environment developing over coming months and years.
On Main Street, average Americans have seen their wealth decimated. And if recent reports are any indication, the destruction of the middle class will continue unabated for years to come. Americans no longer have money or credit to spend to prop up the economy, thus more jobs will be lost, leading to more people requiring government assistance for everything from food to shelter.
We are, on every level, facing a collapse of unprecedented scale. The number of people whose eyes have been opened seems to be growing, and many of them are asking what the collapse will look like as it unfolds. What will the symptoms be?
But the collapse of our financial system, or hyperinflation of our currency, or a meltdown in US Treasuries is only the beginning. We know some or all of these events are all but a foregone conclusion.
But, along the way, there will be numerous surprises—actions taken by governments that may be as unprecedented as they would be unlawful.
Because, again, such actions are the norm when a government finds itself losing its grip over the people it perceives as its minions.
Here are a few: This has begun in a small way in both the EU and US.
Later, travel restrictions will be extended within the boundaries of countries highway checkpoints, etc. The EU has instituted the confiscation of bank accounts, which can be expected to become an international form of governmental theft.
The food industry operates on very small profit margins and survives only as a result of quick payment of invoices. With dramatic inflation, marginal businesses suppliers, wholesalers, and retailers will fall by the wayside.
The percentage of failing businesses will be dependent upon the duration and severity of the inflationary trend. A dramatic increase in the number of home and business foreclosures will result in homelessness for anyone whose debt exceeds his ability to pay—even those who presently appear to be well-off.
As numbers rise significantly, a new homeless class will be created amongst the former middle class. Similar legislation may be expected in other countries that perceive martial law as a solution to civil unrest.
The above list is purposely brief—a sampling of eventualities that, should they occur, will almost definitely come unannounced. As the decline unfolds, they will surely happen with greater frequency.
The fact is that the US government, for the last decade, has been moving increasingly closer to what can only be described as a police state.The WTO is a rules-based, membership-driven organization with member countries. China joined the WTO on December 11, To mark the tenth anniversary of China’s WTO entry, WTO Director-General Pascal Lamy recently discussed China’s role in the WTO with CBR Editor Paula M.
Miller. The fifth director-general of the WTO, Lamy began his first four-year appointment in September and .
🔥Citing and more! Add citations directly into your paper, Check for unintentional plagiarism and check for writing mistakes. What do China’s dramatic economic rise, engagement with the World Trade Organization (“WTO”) (and other established features of the international economic legal order), and rising assertiveness in external relations tell us about China’s past and likely future relationship to status quo international economic legal institutions and the norms they instantiate?
Splendid essay. The world needs more rational and well-informed thinkers such as the author. The current hysteria (and, frankly, circus) that is the US political arena is very dangerous and needs some level-headed guidance.
Source for information on China and the World Trade Organization: Values in Conflict: History Behind the Headlines: The Origins of Conflicts Worldwide dictionary.
These concessions are generally to take effect one to six years after China becomes a WTO member. The European Union and China reached their bilateral agreement in May Get a couple of LaMancha Goats milk is delicious as long as you keep the stinky male away from the female except to breed her.I would say now that you need a female that’s just given birth now is the time of year there’s lots of new mommas.