The next Global Financial Crisis is coming.. And this is what can be done about it.
We have arrived at the doorstep of the next Global Financial Crisis.
Collectively, we can no longer hide from the immense financial problems
that plague us, including our enslavement to debt.
Yet it’s not all doom and gloom; this might just be a blessing in
disguise because it is an opportunity for the masses to join the awakening community and participate in the discussion for how we collectively move forward both in the short and long-term future.
Let’s start at the start: the 2008 GFC was never resolved. There were
trillions of dollars created out of thin air by many of the world’s
central banks which were then injected into the finance sector to keep
particular private banking organizations from going bust. The technical
term for this is ‘Quantitative Easing’; however we all should know this as simply ‘socialism for the rich’.
Whilst a natural reset was not allowed to occur and the Wall Street economy was kept afloat, the Main Street economy continued to suffer. Real unemployment figures have risen exponentially. Poverty has also significantly increased in the US and elsewhere, as has homelessness. Poverty is even increasing in Australia which survived the 2008 GFC mostly unscathed, as evidenced by this independent report. In any case, our economic model has simply failed in resolving this and other forms of socioeconomic disadvantage.
To really solidify the dysfunction of our global economy, millions of
people are on food subsidy programs all across the so-called developed
world, especially the US. Moreover, the middle class is increasingly disappearing whilst wealth inequality continues to amplify to levels not seen in decades. The global poverty levels are also highly distressing, including an astonishing 22 thousand children dying each day from poverty.
