Why Americans Should Care About Greece, Spain, etc.? Pt. 2

posted by Ida B. Wells IV @ 17:08 PM
June 20, 2012

    Alright.  Let’s get down to brass tacks!  Again!  Americans should care about what is happening in Europe because the events there are slowly driving our country and the rest of the world into one big globe-wide depression.

And that depression––with the now upward 50% unemployment rate among youth eager to get involved in changing things–– will further fatten the ranks of Neo-Nazis now organized through out Europe (see recent blogs in worldscollide-culture-Christianity-endoftime.com) to plunge the planet into World War III.

Sound radical?  Then listen to some noted economists:  In “Avoiding A Global Catastrophe,” for the Washington Post former Treasury Secretary Lawrence Summers details problems with the eurozone. “The first is the question of who really has control. If decisions are . . . to be made by members of the euro zone, it is far from clear . . . that there is any kind of . . . support for responsible policies. . . Maybe all of this can be resolved, but surely it will not happen quickly.”

Nouriel Roubini in his article for economonitor.com, “A Global Perfect Storm” adds:  “Dark, lowering financial and economic clouds are, it seems, rolling in from every direction: the eurozone, the United States, China, and elsewhere. Indeed, the global economy in 2013 could be a very difficult environment in which to find shelter.  For starters, the eurozone crisis is worsening . . . “

And Peter Boone of the London School of Economics and Simon Johnson, former chief economist of the International Monetary Fund in “The Euro Awaits Its Verdict, write: “European banks have been operating on a great deal of debt and very little shareholder capital––the essential buffer against potential losses. Any shock to sovereign debt or further downturn in local economies will be transmitted through an over-leveraged and under-capitalized banking system to other European countries and––quite possibly––elsewhere, including the United States.”

And acerbically, in “The European Farce,” Niall Ferguson concludes:  “Understandably, many American investors have simply given up on Europe. After two years of the world’s most tedious soap opera (“Can Angela get on with François, the new boy in town? Is Mario the real thing after phony old Silvio?”), they have come to the conclusion that it is only a matter of time before the whole euro zone comes crashing down.”

Again, why should Americans care?  Because Europe is our largest trading partner!  Because this complex inter-connected economic world that modern man has built is inexhaustibly together.  And, like I have been shouting––that is the plan:  1) Slow downward economies; 2) Eventual economic depression; 3) Massive rise of Neo-Nazi armies led by the Anti-Christ and World War III!  Just as Bible prophecies predict.  Only all of this is happening much much sooner, than later!

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