Twitter   RSS   Email  

 How the Global Economy is Dependent on Christianity

 Why America May Never Recover From the Recession

 Save Money Homeschooling

Developing Nations To Drive World Economy

By: Steve Johnson

6/25/2009 - 14 Comments

In an interesting article today in the New York Times, the developing nations that hit a wall late last year now appear to be gaining strength.

The article brings the decoupling idea back to life, just as I said a few weeks ago.

“Despite fears just months ago that they would be among the biggest victims of the financial crisis, emerging giants like China, India and Brazil are set to rebound strongly next year, the Organization for Economic Cooperation and Development predicted Wednesday — as Europe, the United States and Japan lag.”

The downside to this is also just as I thought, as food and commodity prices will go through the roof – pricing US consumers out of the market.

“On the negative side of the ledger, emerging market-centered growth could spur higher interest rates in the West and Japan, and push up prices for oil and other commodities when the developed world could least afford it.”

Peter Schiff

Peter Schiff’s long-term investment strategy is playing out just as he predicted it would.  The US is going to be left behind just as Japan was in the 90’s without a drastic change in policy to rein in spending and debt.

The growth of China, India and Brazil will also help the commodity nations like Canada, Russia and Australia.  The US economy is not prepared for what this will mean. 

The dollar will continue to lose value as the world realizes that they don’t need more shoppers, they need savers and producers.  How can the administration and congress not understand what is happening?

We desperately need new leadership in Washington if we are going to stop the recession, rebuild a competitive business infrastructure and regain economic leadership.  This is a fool’s game and we are the fools.

A declining dollar means we are losing wealth. Our personal finances are going to be effected.  Our net worth will be decreasing in relation to inflation caused by the sinking dollar.  Ben Bernanke is selling our birthright right under our nose, while we are sleeping.

More people need to understand what is going on.  More people need to realize the impact that trillions of dollars in debts are going to have on our economy.  We have dodged a bullet, only to take three more in the chest.

Copyright © 2019 All rights reserved.

The Case Against the Fed

This book, written by Murray Rothbard, an economist and historian of fairly well known repute, is a scathing attack on not only the Federal Reserve, but the interests that created this institution. Rothbard explains how the Federal Reserve is the true source in the destruction of wealth, which has led to the destruction of the middle class and continues to sift money into the hands of the wealthiest.

Meltdown: A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse

In discussions of today's economic meltdown and what to do about it, the Federal Reserve is a stealth helicopter: it never shows up on the radar. With the exception of a few esoteric specialists and those Ron Paul Revolutionaries who burst into chants of "Abolish the Fed!" Historian Thomas Woods notes in this important book, the Federal Reserve bears a large part of the blame for the mess we're in. In the first part of "Meltdown," Woods shows how both in theory and in practice, Fed policy fueled an artificial boom and is now leading us to a much larger meltdown.

Crash Proof

Peter Schiff has predicted the economic hardship more accurately then any other economist in the world in this book. Everything from the housing crash to the credit crunch to the stock market. Peter has a plan to help you servive the crash. Peter explains why the Wall Street investment firms are still trying to sell you stocks, and was the house prices are likely to continue to decline for years to come.

Empire of Debt

Many Americans have resisted the notion that their country is an imperial power. The idea seems to contradict the values of the Republic and its Founding Fathers. But in Empire of Debt, prominent financial analysts Bill Bonner and Addison Wiggin argue passionately that not only is the United States an empire, but it is also one whose end is coming soon.