WHATS REALLY HAPPENING IS SIMPLY THAT THE RISE OF CHINA AS THE WORLD'S MAIN PRODUCTION HUB...IS EFFECTING BOTH AMERICA AND EUROLAND (IE GREECE)....BUT IN DIFFERENT WAYS ...
BUT FOR THE SAME BASIC REASONS...!
ESSENTIALLY ...THE DECLINE OF PRODUCTION IN THE WEST HAS CAUSED A SCRAMBLE FOR "NEW WAYS" TO SUPPORT CONSUMPTION...
UNDERSTOOD...?
IN THE US IT WAS OUR LATE GREAT "BUBBLE ECONOMY..."
IN EUROPE IT WAS THEIR BELOVED "WELFARE STATE..."
TWO SIDES OF THE SAME "UNPRODUCTIVE "COIN...!
BOTH OF THESE "SOLUTIONS" TO THE MASSIVE DECLINE OF PRODUCTION WERE UNSUSTAINABLE...
AMERICAN WILL NOT GET ITS BUBBLE ECONOMY BACK...
AND EUROLAND WILL SLOWLY HAVE TO ABANDON THE WELFARE STATE...
AGAIN...TWO SIDES OF THE SAME COIN...
BUT ONE DILEMMA...HOW DO YOU CONSUME WITHOUT PRODUCING...
DEAL WITH IT...
BUT AGAIN...NONE OF THIS WILL BE MENTIONED IN THE MAIN STREET MEDIA...
HOWEVER...REMEMBER YOU HEARD IT HERE FIRST...AS WITH ALMOST EVERYTHING ELSE FOR THE LAST TEN YEARS OF THE BUBBLE ECONOMY...
BUT FOR THE SAME BASIC REASONS...!
ESSENTIALLY ...THE DECLINE OF PRODUCTION IN THE WEST HAS CAUSED A SCRAMBLE FOR "NEW WAYS" TO SUPPORT CONSUMPTION...
UNDERSTOOD...?
IN THE US IT WAS OUR LATE GREAT "BUBBLE ECONOMY..."
IN EUROPE IT WAS THEIR BELOVED "WELFARE STATE..."
TWO SIDES OF THE SAME "UNPRODUCTIVE "COIN...!
BOTH OF THESE "SOLUTIONS" TO THE MASSIVE DECLINE OF PRODUCTION WERE UNSUSTAINABLE...
AMERICAN WILL NOT GET ITS BUBBLE ECONOMY BACK...
AND EUROLAND WILL SLOWLY HAVE TO ABANDON THE WELFARE STATE...
AGAIN...TWO SIDES OF THE SAME COIN...
BUT ONE DILEMMA...HOW DO YOU CONSUME WITHOUT PRODUCING...
DEAL WITH IT...
BUT AGAIN...NONE OF THIS WILL BE MENTIONED IN THE MAIN STREET MEDIA...
HOWEVER...REMEMBER YOU HEARD IT HERE FIRST...AS WITH ALMOST EVERYTHING ELSE FOR THE LAST TEN YEARS OF THE BUBBLE ECONOMY...
