Entries in the 'Economy' Category

Warning

Dr. Michael LaitmanIn the News (from pakalertpress.com): “For the better part of two decades Celente and his Trends Journal have been forecasting political, financial, economic and social trends with an uncanny ability for accuracy.

“In his latest interview Celente discusses a variety of different topics – from Iran and Europe to domestic militarization and the economy – and warns that our worst fears will soon be realized.

“Gerald Celente on Jeff Rense Radio:

“‘This passed (National Defense Authorization Act) the Senate by 93-7. I’m mentioning this because all the pieces are in place now. The economy is going to crash. There is going to be chaos. Economic martial law will be called. Banks will close. And, chaos will ensure. The law is now in place for the military to come in and take over. Fascism has come to America.’

“‘And if anyone thinks that I’m over blowing this, you may recall, for those of you who have been listening to Jeff Rense for the years that I’ve been on, that when Obama got elected I said there was a high probability, in 2009, of a bank holiday because of the disastrous economic conditions.’

“In an interview with Lew Rockwell on November 30, Celente provided a timeline for events, suggesting that things may start heating up as soon as the first quarter of 2012.

“‘And my belief, and this is going to be a Top Trend of 2012, is that, in the new year, they are going to bring down the gavel on the system. They are going to pump it up to soak every last penny from the suckers to spend money on Christmas stuff they don’t need. And after that, after the Christmas holiday’s over, then were going to get the bank holiday… some form, whether its that or not, some form of economic martial law.’

“If our economy buckles, and we strongly believe it is only a matter of time, then you can fully expect that banks will close and chaos will ensue on the streets of America. Given recent legislation and the training exercises involving thousands of US military troops to be used to quell civil unrest, we can only gather that Celente is, yet again, right on target.”

My Comment: The books of prophets, The Book of Zohar, AGRA, Baal HaSulam, and Rabash, all point to our time as the period of transition from the “animate” to “human” level. This switch occurs as a consequence of people’s realization of a unified nature, in which they exist in their aspiration to become similar to it through their unification.

Nowadays, when we have unwillingly started this transition, many in the world feel its flow and necessity. With each passing day there are more and more of such people in the world. They are our only hope that the transition will result in people’s realization and the revolution of our consciousness, rather than through the path of blood, when great suffering will force us to change nonetheless.
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The Economy Is Losing Support

Dr. Michael LaitmanIn the News (from expert.ru): “HSBC Global Research forecasts economic uncertainty on a grand scale for the world economy in the first quarter of 2012. A year ago, politicians and economists were moderately optimistic in their predictions and said the worst is in the past. Now it’s obvious that this point of view was wrong.

“HSBC predicts a full-scale recession for the Euro zone. If China’s economy will continue to slow down, there is a possibility that the world economy will go into recession.

“As a result, HSBC predicts that the world’s GDP in 2012 will grow by 1.9% instead of 2.6%, as per previous forecast issued in October.”

My Comment: The time has expired; integral education and upbringing must be urgently introduced in the world. It will change society so that it becomes similar to integral nature, thus cancelling all these crises.
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The Food Inflation Nightmare Is About To Hit 40% Of The World’s Population

Dr. Michael LaitmanIn the News (from Business Insider): “Overnight, the threat of further Chinese tightening multiplied as a result of food price inflation. A basket of 18 key vegetables saw their prices increase by 62.4%, year-over-year, in the first 10 days of November.

“But just how likely is Chinese tightening?

“Waverly Advisors feel that it is now a near certainty, based on the political realities within China. The fact that Premier Wen Jiabo chose a supermarket as the location for a press appearance to comment on anti-inflationary measures today indicated how seriously Beijing is taking the potential disruptive impact of rising cost at the cash register.

“But this isn’t just a Chinese problem. 40% of the world’s population, found in China, India, and Brazil, is seeing their food prices skyrocket as a result of price inflation.”

My Comment: This is not the treat of famine, but food riots, unrest, and violence, which will afflict more than half the population of the globe. The only salvation of the world is to introduce integral upbringing immediately and to restructure society to a society of reasonable consumption. Otherwise, humanity will have to advance by the path of suffering.
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Western Society Has Reached A Dead End

Dr. Michael LaitmanOpinion: (Michael Khazin, economist, from km.ru): “For nearly two years, a serious debt crisis has been taking place in the EU, and its authorities are silent about its main cause: the change of lending model and inability to maintain a standard of living due to the growth of debt. But how can one deal with the crisis without knowing its real causes?!

“The European monetary authorities cannot compete with the crisis: They are just trying to push the economy to grow by monetary incentives, but it resists.

“Probably, there is a strict taboo on the reduction of the euro area, the collapse of the European Union, and a sharp drop in living standards. But behind closed doors, it needs to be discussed! However, the real causes of the crisis are not discussed at all.

“This suggests that either the current political elite is so degraded that it is not even able to act more or less adequately, or that the raised issues touch some topics that are serious taboo in Western outlook, such as the possibility of building socialism in the wake of rejecting private property. Then, we can only conclude that the Western society with all its ideology has reached a serious impasse, getting out of which is possible only through the total destruction.”

My Comment: I completely agree with Michael on this issue. To turn towards the question of change in society, a new attitude to life, is like economic death for them because they think they thereby lose power and money, that is, their life…. What transpires here is not alienation, but confrontation between the elite and the masses, as well as necessary manipulations of people, up to a war, and all that is done in order not to part with possessions….
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Strauss-Kahn: Eurozone Has Just Weeks To Sort Out Problems

Dr. Michael LaitmanOpinion: (Dominique Strauss-Kahn, former IMF Chief): “The former head of the International Monetary Fund, Dominique Strauss-Kahn, has warned that the eurozone is a ‘raft that will sink’ unless the region’s leaders come up with a solution ‘within weeks.’

“He said one problem is the French and German leaders — Nicolas Sarkozy and Angela Merkel — do not understand each other.

“The blunt and highly critical speech was made at an economic conference in Beijing.”

My Comment: Of course, he is right but only partly. The fact is that his decision to recapitalize the banks in the EU is only to buy time, during which it’s necessary to begin to educate the Europeans in the understanding of a new state of the world so that they see the world through the “integral glasses,” interconnected, and act only on the basis of this condition.

In this case, during the process of learning new integral relationships, interconnectedness, and mutual guarantee, people will be able to change social relationships from egoistic to mutual guarantee gradually and “gently,” to transform the relationships in the family, workplace, and then in business, economics, and finance.
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A One-Sided Contest

Dr. Michael LaitmanQuestion: Will the world leaders begin worrying about the basic needs of the world’s population?

Answer: They will have to worry about it. After all, they have brought the world to this situation, and they will not be forgiven. Almost all the great riches that we have accumulated by our common efforts belong only to one percent of the population. Who allowed that to happen other than governments?

In every country, it is the government that has created this situation that one percent of the population now controls what it has taken and continues to take from others. In the meantime, the government has given the masses pennies and promises: “Do not worry; we are taking care of everything. We will raise your pension. We will add something to your social security. We are very good. We will take care of you.”

They don’t mention the “cakes” that go to the table of the one percent, but make a big deal out of every crumb, out of every bone, that they throw the people. That’s the entire game, but it will soon come to an end.

The national debt has grown. Once, it was the banks’ debt, but the banks aren’t stupid. They passed their deficits on to the state. Now, the national debt is greater than the gross national product. From whom can they take money in order to cover the debts? It will be either from the rich or from the poor.

The rich tell the politicians: “If you dare move, we will ‘eat you up’ using the media and other means. After all, we have the money, and money is power. We do what we want.” In fact, the state leaders are like puppets in their hands.

On the other hand, what more can you take from the poor? The middle class, too, is falling apart, and unemployment is growing. Students graduating today cannot find a job, and in the meantime, the debt of American students who have to pay their tuition is enormous. This money simply cannot be repaid if a person doesn’t have a steady job.

So, the conflict between the rich and the poor is growing, and there is no solution. Eventually, millions of hungry people will come out to the streets and riot. What will the government do then? What will the tycoons do?

Eventually, the crisis will not be about “just distribution,” but about providing everyone with the basic necessities. Everyone will have to worry about that.
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From the 4th part of the Daily Kabbalah Lesson 12/25/2011, “The Freedom”

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China: Between Money And Force

Dr. Michael LaitmanIn the News (from Spiegel Online): “China’s leaders are currently contending with declining demand, rising debt, and a real estate bubble. Some factories are laying off workers, suffering financial losses, or even closing as orders from crisis-plagued Europe dry up. The economic strains are frustrating workers and consumers in the country, threatening the political establishment and Beijing’s economic miracle.

“The new global crisis has reached China. Debt problems in Europe, the country’s most important trading partner, are starting to dim prospects here in the nation that has effectively become the world’s factory, as well. The unstable United States economy and threat of a trade war between the two superpowers make the situation even more uncertain.

“This October was the third straight month Chinese exports decreased. Along with it, the hopes of German manufacturers that Asia’s growth market might help lift them out of the global crisis as it did in 2008 are also evaporating.

“Many of those development projects, often megalomaniac undertakings from the start, are now ghost towns.

“While many in the West hold out hope that China can solve the euro and dollar debt crisis with its foreign currency holdings, the rift between rich and poor within the country is growing.

“This time China faces enormous challenges of its own — a real estate market bubble and local government debt — that could even pose a risk to the global economy.

“Now China’s state-run banks are paying their customers negative interest and Shanghai’s stock market is considered a high-risk casino, where a few major governmental investors are believed to manipulate exchange rates at will.

“As long as the one-party dictatorship kept growth in the double digits, most people accepted their lack of freedom. Now, though, Beijing is facing a dilemma. Tough police crackdowns will hardly get the consequences of the stagnating economy under control in the long term. But nor are government subsidies enough to stimulate the economy. It seems neither money nor force will help.”

My Comment: Nature directs us to an entirely new state in which we will have to change ourselves rather than anything outside. Humanity must become like the compelling forces of nature: integrally connected in general design, care, compliance, and mutual guarantee in reducing growth to the level of reasonable consumption and striving for universal fair distribution.

This can be achieved only through universal education, by transforming an egoistic human being into an altruistic one. Even if it may sound like a fantasy, suffering will force us to accept these conditions as binding. Not forced but conscious communism is a bright future for the entire humanity.
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The World Is Ruled By Those Who Have The Power To Create Money

Dr. Michael LaitmanOpinion: (Stephen Lendman): The late Georgetown University historian Carroll Quigley, in his book titled, Tragedy and Hope: ‘(T)he powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences.’

“By controlling democratic and despotic governments as well as others in between, they’ve moved closer to absolute global control of money, credit and debt to dominate economies, politics, commerce, and imperial adventurism. As a result, they’ve benefitted handsomely at the expense of nations and popular interests.

“Josiah Stamp, former Director of the Bank of England said: ‘Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again.

“’However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money.’

“Ellen Brown’s must-read book titled, Web of Debt discussed private banking, how it usurped money creation power, and how we can get it back.

“She explained what growing numbers know about the malignant effects of its destructive power. Everyone should understand that the Fed isn’t federal. It’s a private banking cartel owned by its major bank members in 12 Fed districts. New York has controlling power through its majority interest.

“As a result, the Fed rules globally with the European Central Bank, Bank of England, and Bank of Japan. They’re the world’s dominant central banks along with the Bank for International Settlements – the central bank for central bankers, or unaccountable banking boss of bosses.

“In America, except for coins, banks create money called Federal Reserve notes, in violation of the Constitution under Article I, Section 8 that gives Congress sole power ‘To coin (create) money (and) regulate the value thereof…’

“Coins and paper money comprise less than 3 percent of America’s money supply. The rest is in computer entries for loans.

“Banks create money that didn’t previously exist. Around 30% of it is for their private accounts – for speculation and other non-productive purposes.

“If America controlled its own money, it would be interest-free, and taxing people to pay it wouldn’t be necessary… Money for productive growth could be created inflation-free. Prosperity could be sustained. Full employment and social justice would be possible.

“A Final Comment

“Clearly, money power in private hands failed. It’s wrecking the country, devastating the American dream, impoverishing millions, destroying jobs, contaminating the environment, and funding America’s military machine that’s ravaging the world one country at a time, and threatening humanity with extinction.

“OWS and global protesters must grasp this as top goal to achieve others for long-denied social justice currently being lost entirely because corrupt politicians plan it with bankers.”

My Comment: Since the program of our development is to bring humanity to full integration, mutual guarantee, and unity above all the differences, only the revelation of the system of our mutual connection will explain to us how to correct the situation and lead us to reasonable consumption and balance. Only obeying the natural rules of our development will let us avoid bloody mistakes.
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Joseph Stigliz: The World At The Brink Of A New Chaos

Opinion (Joseph Stigliz, a professor at Columbia University, a Nobel laureate in economics): “Someone recently quipped that the best thing about 2011 was that it was likely better than 2012.

“European leaders repeatedly proclaim their commitment to saving the euro, but those who could have repeatedly said that they are committed to not doing what is needed. They have recognized that austerity will mean slower growth – indeed, a recession is increasingly likely – and that, without growth, the eurozone’s distressed countries will not be able to manage their debts. But they have done nothing to promote growth. They are on a death spiral.

“Two more positive notes for 2011: The US seems finally to have awakened to the yawning gap between the rich and the rest – between the top 1 percent and everyone else. And youth-led protest movements, from the “Arab Spring” to the Spanish indignados and the Occupy Wall Streeters, have made clear that something is very wrong with the capitalist system.

“The US had hoped for an export-led recovery, but, with economic growth slowing in Europe, its largest customer (and impeding growth in much of the rest of the world), that is unlikely. And, with the worst effects of spending cuts potentially still to come, gridlock – and Republican spite – may mean that the Barack Obama administration’s payroll-tax cut will not be extended, weakening household consumption.

“2012 may mark the beginning of a new and more frightening phase of the world’s worst economic calamity in three-quarters of a century.”
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Happiness In Crisis

Dr. Michael LaitmanIn the News (from GALLUP): “More Europeans are ‘suffering’ than ‘thriving’ in several countries hard-hit by the financial crisis, including a number that have already introduced or are introducing austerity measures. More than one in five residents rate their lives poorly enough to be considered suffering in Bulgaria, Romania, Hungary, Greece, Latvia, and Portugal. The largest gap between thriving and suffering is in Bulgaria, where 45% are suffering and 5% are thriving.

“Gallup classifies respondents’ wellbeing as thriving, struggling, or suffering according to how they rate their current and future lives on a ladder scale with steps numbered from 0 to 10 based on the Cantril Self-Anchoring Striving Scale.”

My Comment: In the end, we find humanity in the semi-darkness and low spirits—from the results of its own progress. But it is important to realize that this time is not the end, but a new beginning! However, in contrast to the previous states, it is difficult to see future here because it is opposite to our egoistic nature, thus the need to disseminate a new kind of knowledge, meaning integral upbringing.
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