Tag Archives: globalism
The World Chaos

The World Chaos

Economic experts are expressing a growing concern that fiscal chaos now unfolding could soon spread to all of the world’s big debtor economies. It begins to appear that such chaos could quickly bring the entire world into a state of economic paralysis. A glance at the economic map is most distressing. The world is aware that the Unites State’s economy is in deep trouble due to fiscal irresponsibility and mismanagement. The US debt load is unsustainable, and will get worse unless the US government can back away from the edge of the precipice very soon. Canada has a large national debt, occasioned largely by its health insurance program. Europe’s economy is a mess. Several nations are tottering on the brink of total economic collapse. Present rumors indicate that the Euro is in real danger of total collapse, and that will ruin the economies of most of the European continent. Not long ago some were suggesting that the Euro could become the basic sustaining medium of exchange for world business, replacing the US dollar. It is now obvious that the Euro has suddenly and seriously become much the weaker of the two currencies. The two largest economies in Latin America, Brazil and Mexico, are both in serious financial distress. Even China appears to be in trouble. Admittedly, the Chinese do all they can to keep their true situation confidential. It now appears, however, that the per capita debt of China at the present time could actually exceed that of the USA. Russia’s economy is very weak. Put that all together and you have a world tottering on the brink of total economic chaos.

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