In the News (from Rodon.org): “The U.S. decision to proceed with the third round of quantitative easing threatens to renew currency war with dramatic consequences for the rest of the world. The currency market is panicking. The world financial market expects currency wars.
“The Eurozone is the weak link in the system. Social-political difficulties were added to the economic problems of the EU countries. The Greeks gave 70% of the profit, now, the rest of Europe will give; the budgets of the EU countries will suffer a similar loss.
“The U.S. economy is very sick; the private sector is sick and needs help. FRS cuts interest rates to increase the liquidity of the market, but the private sector cannot respond because it experiences problems with balance of payments.
“Money will not help Europe. The world expects a wave of unprecedented crisis. Germany will have to raise the question of a radical reform of the eurozone, which will cease to exist in its current form. Crisis trends are growing; an unprecedented crisis will break out in the foreseeable future. Moreover, the current measures merely postpone the time of its occurrence.
“The year of 2013: Goodbye Europe; 2013 will be the year of storm for the whole world, when the economic and geopolitical crises will converge at one point. After two months of calm, the crisis has returned to the global economy and it is manifested in the failure of QE3.”
My Comment: There is one solution. I have repeatedly talked about it: unity and integral education for the masses. The problem is in the egoistic connection within humanity, which is opposite of altruistic nature. The two opposite systems cause crisis when they are approaching each other. With the growth of our egoism, its increasing globality and connections, the crisis will choke us more. It could bring us to a third world war and perhaps even a fourth one until we realize the need to change our relationships from hate to good connection, up to “Love thy neighbor as thyself.” Isn’t it easier to start with self-education?