The end of western democracies ?

So as the US stock market starts to weaken, is this the end for the strong dollar ?
With the end of free trade world wide is that the end of world economic growth ?
With the end of strategic alliance across the Atlantic is that the end of world peace ?
With the birth of a new great depression is that the start of runaway global warming ?

These things are structural changes in the world order that will haunt us forever unless soultions can be found and I see nothing in the current situaiton to give us hope of a brighter future - the attitude of the world has to change before thing can get better. The attitude of the world is not changing, positions are just becoming more entrenched and hostility is rising. How can we the people stop this ?

In a world dominated by democracies - how are we letting dicatatorship rise and triumph again ?
In a world of shrinking resource and overcrowding of habitable lands, how can democracies based upon continued economic and personnal wealth growth even survive ?
This looks like its very much the end - sad to say - and we let it happen on our watch.

Sorry to sound pessimistic but "united we stand, divided we fall."

This page is a permanent link to the reply below and its nested replies. See all post replies »

in10RjFox · M

So as the US stock market starts to weaken, is this the end for the strong dollar ?
With the end of free trade world wide is that the end of world economic growth ?

Strong dollar is a myth. New non aligned money will take over. No Nations money should be the global currency like USD now. So USD will just be within USA.

It's not the end but to be seen as new world order. Each economy will have its own local standards and not world standard as dictated by USA / UN /WTO/WB

Captain · 61-69, M

@in10RjFox Everoone seems ot thin there should be a reserve currency. I see gold going up and up. Do you think contries will go bakc to using gold as a reserve currency - thats not bene predicted bu many people

in10RjFox · M

@Captain The blunder was when Nixon started issuing currency for currency.. like he issued a billion for a billion to float, as at that time USD was in high demand and soon every nation was forced to follow suit. Like how gold is a commodity, currency too became a pseudo commodity, thereby leading numerous official scams through banking channels.

All countries are already bankrupt and they are just escaping by floating more and more, heading for a disaster.

A good democracy is what is for one is for all. When an individual can go bankrupt but not saved by lending afresh, how can a bank or nation escape?

Interesting thing is there is no recourse.

Captain · 61-69, M

@in10RjFox Yes but its a frigtening consequence because its means everyone wil defualt and everyone will go bust so some solution will have ot be found , and gold of course will rise like a rocket - but that doesnt mean it will buy more stuff. It just means you wont be abe to buy stuff with money

in10RjFox · M

@Captain yes. When all currencies are worthless, what would sell or buy with?

Solution is new currency that will phase out the old.