Economic crisis predictable in 1995
June 1st 2010 22:42
Bizarre
Politics Reports: The U.S. had a warning in 1995-96 of the economic crisis coming. A scenario
played out that showed what was coming
By Ray Tapajna - Background information and resources:
Globalist Casino
... living farmers out of their jobs and the Zapatistas attacked causing a revolution in Mexico. ...
NAFTA trick or treat
Selling out U.S. workers
Meanwhile , top experts in economics and sociology demonstrate how the Zapatistas revolt in ...
The sale out of American Workers and workers across the globe
International investment community globalized in 1956 and in same year U.S. Federal Government sponsored the moving of factories outside of the U.S. making production portable and subject to the globalization of money interests.
( A must read is Confessions of an Economic Hit Man by John Perkins. His book reveals the manipulations of the world bank and international money interests.)
The international money interests thought they found a way to produce money products using what is called free trade. The idea was to provide massive amounts of loans and foreign investments to countries like Mexico and were banking on the expansion of the NAFTA free trade agreement to give Mexico a way to pay off the massive amount of foreign investments and creating money products in the process to do the same all over the world. They had hoped that Mexico would penetrate the U.S. market offering cheaper goods to the American consumer while making money doing it. They gambling that the American consumer would buy more but instead a vast new working poor class in American was created. This knocked out a large part of the middle class who were supporting government services while at the same time were investing through their 401k portfolios.
The Mexican peso was overvalued and was being devalued by the actual movement of the economy. Former President Salinas of Mexico used the hugh boost of foreign investment money to sustain the peso in an attempt to make the peso look good as hard currency. Any problems with the flow of money and investments would make the peso collapse.
However, free trade came and worked both ways. The giant U.S. agriculutural corporations using government subsidy money reduced the price of corn under the cost of production. This put thousands of Mexican farmers out of busines and the Zapatistas revolted. The revolution came and knocked out the value of the peso. The U.S. had to do something because in the era of globalization of money, a collapse of the peso would have a domino affect throughout the international money community. The money changers were afraid that the U.S. dollar would be damaged too in the exchange rates. Then the German mark and the yen skyrocketed as reserve money. The rising value of the German mark started a rubber band being streched to a breaking point with all European currencies Many European countries had to revalue their currencies quickly but in order to this they had to tighten the flow of money and investments, established stronger budget policies which stopped government spending which increased unemployment.
President Clinton rushed billions of dollars of U.S. taxpayers money to Mexico to shore up the peso and with the U.S. Congress limiting the process, President Clinton went to the international money sources for more money to be sent to Mexico. This was the first bail out and it went to Mexico directly - a foreign nation. It was a sign of things to come. The devaluation of workers and the labor took over. This value is a true value and a real money standard.
It impacts all the other money values directly. But, nothing stopped the free trader money changers from pushing the globalization of money further into ranges of total collapse and more workers lost their jobs in the process. And now there the world is suffering from over-production. There is massive unemployment. Even the working poor are losing their jobs and can not even afford the buy the cheaper imports flooding the consumer markets.
Instead of helping them, President Obama bails out the big money interests as the stock market grows values by more workers getting fired rather than hired. Our economies based on making money on money instead of making things are burning out with massive debt acting as tariffs on future generations.
That's Globalization and the new " ism " of Globalism at work
Our main resource is Manuel Castells' s writings and an excellent interview of Castells by Cliff Barney in UPSIDE Magazine. UPSIDE combined the latest in high tech ventures with social-economic articles. We wish UPSIDE was still published for this reason- It was a new venture reference and resource with a social conscience. We also followed Sir James Goldsmith who turned away from his corporate raiding career to form populist movements in both England and France. He authored the book - The Trap more than ten years ago and it too was a forecast of our economic crisis.
Globalist Casino
... living farmers out of their jobs and the Zapatistas attacked causing a revolution in Mexico. ...
NAFTA trick or treat
Selling out U.S. workers
Meanwhile , top experts in economics and sociology demonstrate how the Zapatistas revolt in ...
The sale out of American Workers and workers across the globe
International investment community globalized in 1956 and in same year U.S. Federal Government sponsored the moving of factories outside of the U.S. making production portable and subject to the globalization of money interests.
( A must read is Confessions of an Economic Hit Man by John Perkins. His book reveals the manipulations of the world bank and international money interests.)
The international money interests thought they found a way to produce money products using what is called free trade. The idea was to provide massive amounts of loans and foreign investments to countries like Mexico and were banking on the expansion of the NAFTA free trade agreement to give Mexico a way to pay off the massive amount of foreign investments and creating money products in the process to do the same all over the world. They had hoped that Mexico would penetrate the U.S. market offering cheaper goods to the American consumer while making money doing it. They gambling that the American consumer would buy more but instead a vast new working poor class in American was created. This knocked out a large part of the middle class who were supporting government services while at the same time were investing through their 401k portfolios.
The Mexican peso was overvalued and was being devalued by the actual movement of the economy. Former President Salinas of Mexico used the hugh boost of foreign investment money to sustain the peso in an attempt to make the peso look good as hard currency. Any problems with the flow of money and investments would make the peso collapse.
However, free trade came and worked both ways. The giant U.S. agriculutural corporations using government subsidy money reduced the price of corn under the cost of production. This put thousands of Mexican farmers out of busines and the Zapatistas revolted. The revolution came and knocked out the value of the peso. The U.S. had to do something because in the era of globalization of money, a collapse of the peso would have a domino affect throughout the international money community. The money changers were afraid that the U.S. dollar would be damaged too in the exchange rates. Then the German mark and the yen skyrocketed as reserve money. The rising value of the German mark started a rubber band being streched to a breaking point with all European currencies Many European countries had to revalue their currencies quickly but in order to this they had to tighten the flow of money and investments, established stronger budget policies which stopped government spending which increased unemployment.
President Clinton rushed billions of dollars of U.S. taxpayers money to Mexico to shore up the peso and with the U.S. Congress limiting the process, President Clinton went to the international money sources for more money to be sent to Mexico. This was the first bail out and it went to Mexico directly - a foreign nation. It was a sign of things to come. The devaluation of workers and the labor took over. This value is a true value and a real money standard.
It impacts all the other money values directly. But, nothing stopped the free trader money changers from pushing the globalization of money further into ranges of total collapse and more workers lost their jobs in the process. And now there the world is suffering from over-production. There is massive unemployment. Even the working poor are losing their jobs and can not even afford the buy the cheaper imports flooding the consumer markets.
Instead of helping them, President Obama bails out the big money interests as the stock market grows values by more workers getting fired rather than hired. Our economies based on making money on money instead of making things are burning out with massive debt acting as tariffs on future generations.
That's Globalization and the new " ism " of Globalism at work
Our main resource is Manuel Castells' s writings and an excellent interview of Castells by Cliff Barney in UPSIDE Magazine. UPSIDE combined the latest in high tech ventures with social-economic articles. We wish UPSIDE was still published for this reason- It was a new venture reference and resource with a social conscience. We also followed Sir James Goldsmith who turned away from his corporate raiding career to form populist movements in both England and France. He authored the book - The Trap more than ten years ago and it too was a forecast of our economic crisis.
