Heres a fact. US credibility hasn't been downgraded since 1917. And the S&P chief executive didn't rule out more downgrades in the NEAR future. The European Central Bank has agreed to buy Italian and Spanish, another bailout. Last week, Carlos Slim, the richest man in the world, lost $6.3 billion. Bill Gates lost a couple of billion as well. In the 3 years since the first recession and credit contraction, political leaders haven't addressed and solved the underlying causes - and now we're heading for a double dip recession. This is bad. At a time when political leaders think that they've utilized every solution and resource available (bailouts, stimulus packages, endless tax cuts, quantitative easing, low interest rates) to help combat and stave off the worst of the worst - none of it has worked! We have to bear in mind that the solutions aforementioned were all policies which adhered strictly with free market neoliberal economic philosophy. Therefore we MUST come to the ultimate understanding that the CAPITALIST economic system is not only failing, its DEAD!!!! The only thing keeping it alive is a massive global transfer of wealth from the global poor and dispossessed to the ruling elite, the few owners of the means of production and of finance thereof - the same way a nearly dead human being is kept alive by a respiratory machine and chemical inoculation. This economic system is in permanent decay.
In the words of Leon Trotsky "The system is rotten ripe for revolution"
Those of you who think that investing in gold and ammunition will stave off the worst - well I'm sorry - but you are sadly mistaken. YOU ARE ALREADY DEAD if you actually believe that.
Those of you who unfortunately fall victim to racist, sexist, homophobic, xenophobic beliefs are further assisting the rich capitalist ruling class in the plunder of the worlds resources including ourselves as the human race because we are a resource.
Protests are occurring all over the Middle east and Eastern Europe with more to come. Riots are engulfing the UK slums as the masses of poor and disenfranchised youth within a generation are responding back against a system that has long forgotten their aspirations and immediate needs in the pursuit of profit accumulation and "financial stability".
Without a doubt the next economic crisis which is seemingly around the corner unfortunately threatens to be a massive and quite possibly one of the worst- if not the worst - the world has ever had the unfortunate circumstance of having to endure.
Bailouts will continue uninhibited - and in return - drastic and deep austerity measures will be adopted and executed by all national governments respectively - all large in number. The social ramifications stemming from such large transfers of wealth from the poor to the ruling elite will be too much to bear.
Indeed, we are approaching a quite peculiar yet extremely severe stage in class society. A stage in which economic stagnation intertwines with continuous war and authoritarian rule. Whilst we remain engulfed in anti life mentalities such as individualism "every man for himself", we risk the stage yet again of - THE DARK AGES!
Yes! I kid you not! THE DARK AGES ARE HERE AGAIN! The same that afflicted past empires such as Ancient Egypt and Rome, where civilizations fell over the course of centuries. We are now approaching this periodic epoch within class society of social barbarism.
So what are we going to do? Will we continue to decline as a global civilization, or will we finally come together as a race, a human race, and overthrow these social parasites known as the capitalist ruling class, and establish a society in which planetary resources are distributed equally throughout the globe enough to provide the means of sustenance necessary for every individual with the physical and mental capabilities to reach their highest aspiration?
It's up to us
