Is my generation seeing a repeat of the 1929 crash?, That is the question I ended up asking myself today?could it be that I'm in for a once in a century catastrophe which is only second to a war?
I must sound like the prophet of doom when I come out with lines like the one above. But the enormity of the financial bubble that has happened in the last 16 years means that I am not very optimistic. It seems very likely that best I have a long recession ahead of me at worse there is going to be depression. It seems to me that such a depression could even lead to a major global conflict just like World War II.
All the signs are there, large numbers the world's population now live in places where they want to get rid of the government. The world economy today has a bolimited global financial sector. The people who work in it now look not so much like masters of the universe but lambs to the slaughter.Lehman Brothers is now no more, Bank of America and Merrill Lynch may actually go the same way as well in many of the other financial institutions worldwide including the new Lloyds banking group are effectively nationalized enterprises.
Before I say capitalism is dead which it is not ( if you don't agree see USSR) I am well aware that the world goes in stages but that does not help me, or my family what this world needs is a Hero!
Kommentare (2)
Unfortunately it does seem that it is having an affect of on the suicide rates as it did then. The BBC have a number of reports from accross the globe of people killing their entire families, pets etc and then turning the gun on themselves (or in one case not being able to reach the trigger so getting 10 years instead). It's very sad that people feel this desperation but having been in a similar situation a couple of years ago I can sympathise heavily.
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