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Will we see the collapse of our economy?


By Robert Melaccio, sr(28,936) Robert Melaccio, sr

Posted Wednesday, January 16, 2008
View All Blog Posts submitted by Robert Melaccio, sr


Certainly we all realize that our leaders in the business and government are educated at the most elite schools our nation has to offer. Many of them come from rich and powerful families. They are sharp business people who are in government who run this Global economy. Do we really think for one moment they are incapable of balancing this or any economy, or for that matter the world economy they have built and they support? We are talking billionaires here are we not? Rhetorically speaking we can assume they did not get to where they were by strictly guesswork.

So the real issue at hand in my opinion and as I see from the signs and symbols all about is simply free markets and the exchange of money that flows between these markets. Example, if you go to Canada and exchange your dollar for a Canadian Dollar you will see a difference plus or minus. The same when you return. This is called the exchange rate. You can lose going and coming.

This is a major player in the movement of goods and services across national boundaries and certainly to the companies and nations bottom line. Good example the Euro Dollar. All the nations of the Common Market now have one currency. No matter where you are in Europe if you are part of the Common market you have the same dollar value as those in other countries that belong. Will that and does that support prosperity? One might assume it does but the real question at hand is does it for everyone?

So in my opinion SPP and NAFTA is our leaders answer to what is driving us toward this economic reality. In fact the structure has already taken place and is functioning although not in a treaty format. We are doing it as I write. Well certainly what is in my opinion scraps that they will throw average Americans while they continue to place billions into corporate bailouts.
 
To that end and in my opinion, we have seen the total disregard for economic prudence and the rules which govern economic forces and laws. We have allowed greed and those aspects which produced this mess to flourish. The home foreclosure and mortgage mess, interest rates on credit at 31% or greater, layoffs, downsizing, illegal cheap labor and the blatant ignoring of these aspects by the very same people who know, and I do mean know, the consequences of these deeds. They certainly cannot claim ignorance and as the judge will say ignorance is no excuse.
 
Now these very same leaders say they must do something and fast but does anyone see that happening? Is there an urgency except for words? They proclaim they really do not know what they can do it needs a comprehensive approach. Do you believe that? It seems everything they need to do needs a comprehensive approach?

So, in theory and in opinion  terror, the economy and the rapidly declining job and health of our nation will bring about a solution. Yes, it will, but before that can happen we will need to be so financially desperate or at the very brink of disaster that we, yes we Americans, will encourage, yearn, accept and even demand it. Yes we will not even see it coming and we will usher it in for the sake of hope and yes, change. It will be in my opinion applauded by the masses who will literally hail it as saving them from ruin, if they have not been one of the fortunate to survive that far.

So here is my opinion and predictions or theory if you will that will come out of this economic hardship if it continues to worsen. The time line is certainly undecided because there are many factors involved. However, if the spiral continues as is and I do feel it will, it could happen in a reasonably short time, that is within a few years and as I stated if things progress as rapidly as they have in this past year. Hey, I could be off the wall but perhaps I’m not so far away from reality?

A] Our leaders will come up with some type of universal ID that will enable us to mitigate illegal workers, control our borders and all persons no matter where they are. They have already talked about this and as I understand they are testing this.

B] A new treaty and later out of it perhaps a new currency will be created that will allow an even exchange between us and all our trading partners and allies. We will do this through this economic union and a tie into the Common and the world markets. Could SPP be part of it?

C] We will see improvements in the war on terror through further cooperation among nations and leaders that have the most to lose, like Pakistan and Saudi Arabia who in my opinion are the home of terror. Are we not hearing of this already?

Now those elements in of itself are not bad. However, just what does that really mean to all Americans and should we be worried about it? Just what does it mean for jobs, real jobs, prosperity, security, the future? That is the focus we should demand to see now. It could be a blessing, or a curse depending on the motives and its implementation?

So as time passes and the election rolls along and things get worse listen attentively to what is being stated and even more important what is not said or IMPLIED. You know those commenst that slip past in a speech or interview that reveal true thinking. Just an opinion and opinions can be wrong and I have no problem being wrong. Perhaps it will all work out for everyone, but then again time will tell.

Robert Melaccio, Sr. Copyright 2007 © Robert Melaccio Sr. 2007




This Blog Post has been read 242 times.
Posted to ProBlogs.com on Wednesday, January 16, 2008
View other posts by Robert Melaccio, sr

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Respect for diversity of opinion sure but consensus to move forward.
Ok, where does that leave America?
The fallacy of change.
Trust in the Free Market, yea, right!
Indoctrination, the tool of change, or not?
Some real suggestions for improving the economy.
Ok, why not a third party candidate?
 
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