Originally Posted by
west'sawake
I think the phenomenon of Stagflation, i.e. huge unemployment and inflation is more likely, especially in the States and the U.K , all the factors are now in place for that to happen.
Excess money supply, very weak currency, bail outs that will not work, and when they don't more money being printed. The simple fact is that moeny has to be printed to
match the trillions of accumulated toxic debt and now corporate debt in the big manufacturers. Seehowthe contgion is spreading, property, banks, manufactruing, services
(insurance, assurance, pesnions, etc),
Here and most of the E.U. up to a certain point, the Euro because of its strength will keep inflation low, but even that will not last long. Expect also the UK to join the Euro zone on the premise that it will protect them from stagflation. That will be the tipping point towards four currency blocks. I'm betting on the British people resisting. Let's wait and see.
But this semblance of stability in the E.U. will be shorted lived, because of the interconnection to toxic debt already in the sytem due to global capital also being local capital and a real divergence within the E.U. from one economy to the next. There is also the inter generational crisis of young unemployment and retirees seeing their pensions destroyed
A new Economic phenomenon is about to occur, pertinent to the extraordinary circumstances that we will find ourselves in. Consumer goods and services will become very very cheap because they cannot be sold, there will be the phenomenon of export dumping, people buying them for next to nothing. But they are the wrong things to buy.
It will be the equivalent of having tanning lotion for a dark arctic winter. Put simply, cars and gadgets cannot be eaten. Waterford glass have 200 million worth of stock that cannot be sold. It is proably goign to have to go to the wall
As the lay offs continue, and savings and pension wipe outs increase, so will social unrest. In such times the only commodity that will rise in price is food, it always does in times of chaos, and also because food too is globalised into a perverse distribution system,
lamb from New Zealand and Beef from Brazil, leaving a huge carbon footprint in getting here.
See how the globalists conractic themselves), and huge fishing fleets pludnering the fish stocks of Africa of local communities. BTW, on the questin of food, France is among one of the few E.U. countries whose food supply is on balance more indigeneous. I fear we can only score highly on that one in relation to meat.
Also, access to purchasing food might only be possible through electronic rationing of 'money'. In effect your own money will not be your own. More on that again.
I only hope the Greens do an immediate assessment to ascertain Ireland can feed its own population. Most farmesr, especailly the traditonal samll faerm no logner grow tillage crops.
Also, we should remember that during the Famine, Ireland was still and exporter of food!
The Green ministers and Brendan Smith should prepare a food contingency plan for a National Emergency.
Already a lot of pigs have been slaughtered, in what was objecitvley an over reaction. The E.U at one stage wanted our national herd of cattle drastically cut because of Methane emissions. Extreme environmentalism, currency and trade chaos, financial market collapse, glabal food supply collapse, contrived terrorist threats, all reasons we are told for the need for a New World Order, delivering us into the very hands of those who either wilfully or incidentally brought us to where we are. There is also the creeping control of world food crops by G.M.O. food giants and the drastic cut in naturall polluniationof food crops withthe loss ofthe bee population in many countries. (Possibly G.M.O related)
It does not matter if it is a conspiracy or not, among those who do not see an orchestration are those who do accept that a crisis is likely because of a confluence of events, that is their benign view of what is happening, the end result will be the same.
One morning on driving to work, I was taken aback, (in a postive way), to hear a respectable economist, especially in the area of banking, a lecturer in the Smurfit school of Business, U.C.D, Ray Kinsella, on RTE radio one, one morning say that 'we should all pray!' that the worst can be avoided in realtion to where our bnaks were heading, and indeed the whole economy. The man knows something.
Like you I hope and pray other variables, other unknowns will come to pass that will thwart this worst case scenario, and like other posters, I don't really relish living in that kind of Chaos, but as a Father and husband, I have a duty not to keep my head in the sand, not to seek comfort in soft soap and wishful thinking, not to ingonre the facts and the emirpical realities. So, come the Christmass break, I too wil start stocking up. And ironcially am thankful for the ripostes of the cynics who have come up with other suggestions showing how it is not enough to stock up on food.
I am by nature an optimist, but also a realist, and I believe only good can come out of all this. To be Christian is to hope, not to despair.
Well done to you Ltshe, Almanac and others for being brave enough to share your concerns with us, and well done to those who set up Politics.ie, it is the only media forum of real choice, including views that just would not appear in a media suffering from an altered consciousness.
And Lthse, I don't smoke, but like a good bottle of Freacn of Spanish wine, I'll store a few fags for you in exchange for 'the beaded bubble winking at the brim' as Keats would put it.
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