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Friday, September 5th 2008

4:07 PM

Global Economy Continues To Fail

Global Economy Still Failing
As I have predicted in this and other blogs, the economy is failing globally, not just in the USA.

The US Dollar Failing As A Benchmark Currency
One reason for this might be the fact that the USA in the recent past converted the world standard for wealth over from being based on gold, which was basically mined in South Africa, to the United States Dollar, which is of course a US controlled item. And now because of a public confidence failure in the USA, the USA declines, and the world goes down with them.

It Will Not End Yet
The share values will continue their fluctuating slide for quite a while yet, allowing the investors, by buying and selling, and causing the fluctuations, to do 'profit taking'.
This is an interesting concept.

Taking Out 'Profits' From Corporations That Are Losing Money
You notice how investors can do 'profit taking', even when the value of the companies invested in is decreasing annually, and record losses will be recorded for many years to come.

This Is When It Will End
The slide will end when the leading nations that drive the world economy change what they are doing, which currently seems to be attempting to change the situation around by throwing money at to to stimulate spending, which has always worked in the past.
Corporate leaders just don't have enough vision, probably due to being interested only in short term gains, to realise that the old way is broken. There is no way that the markets can continue to expand, as there is declining energy at prices that will allow this to occur.

Sacrificing The Future
The leaders who control things, whether corporate or governmental, or whatever, by continuing using the old models of economics, are actually consuming the resources that will be needed to change the model itself. Just like shooting themselves in the foot.  Or, more accurately, shooting their children in the foot.
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