” China is a factory nation who’s economy is utterly cratering - leading the rest of the world into the abyss of a very long-lasting recession that could turn into a depression for some. “
So like the USA in 1929, then ?
Very much so.
The international bankers control the future actions and labor of the world, through debt-based currency.
This with "money" simply own "claims on the future labor of others". Money is a claim on debt.
Right now there is an enormous shortage of US dollars (Eurodollars) internationally to settle trade between nations.
That's why the nations of the world are doing everything they can to create new debt - including the US.
It's why student loans went from $300 billion outstanding in 2000 to over $1.8 trillion now.
It's why the government attempted to have people take out new debt in 2007/08 through their "Cash for Clunkers" program - instead of telling people to be wise with their spending and become debt free.
If all debt were paid off then there would be no money. There would be zero claims on debt - therefore zero money.
The roaring 20's were a means to have the servants take out large amounts of debt through speculation. People like Groucho Marx did heavy real-estate speculation in Florida.
Then the banksters pulled the rug in 1929. It was the largest transfer of wealth at the time. Those making the loans tooks the underlying assets from the slaves.
2007/08 wasn't an accident. It was planned. There are signs to look for that show when the banksters are getting ready to steal wealth again - I was writing about it in late 2006 into 2007.
We're at a much worse point now. The bubble pop will be ginormous.
Look at the equities market in 2007. It was reaching new highs every day. A "soft landing" was talked about often.
This go around I see numbers showing a downturn that will easily last 10 years or more.
People think it can't happen. Those same people need to study the economy of Japan - and the generations who had their lives stolen from them in the aftermath.
One problem? Most Republicans don't understand economics any better than the Demonrats.
The difference is the output quality of goods from China isn’t good, a lot less dependble/durable than the usa was after wwii.