UN Says Austerity Won't Boost Global Economy

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Germany is headed for recession. Their austerity has been a failure; the previous Schroeder reforms turned it into an export-dominated economy and people took a hit to their standard of living to do this, particularly those lower down on the socioeconomic ladder.

Everyone is headed to recession, and an export economy, and the poor will suffer.

Obama was talking up exports a while back, but if everyone does, the price will be set by who will work for a bowl of rice a day.

Germany bought Greek Bonds, so Greeks could buy German products.

America funds other countries, if they buy American weapons.

Most of the new factories are in Communist China, that will work without profit, or at a loss, and play games with their money.

We are now where we kept the Third World, exporting raw materials to China. We send food, metals, fibers, they make iPhones.

All economies are bubbles, and the music always stops. China and India will win the race to the bottom because they have people who will work for pennies a day, or die. If millions die, they have more to take their place.

They will at least keep something going, it is countries that do little but eat that will do most of the dying. In most of the world people spend most of their income on food, and their income does not go up with the price of food.

When the ability to produce exceeds the ability to consume, prices fall. The last standing will have the lowest cost of production, and the lowest cost of keeping workers alive.

That is not us.

Boosting the Global Economy is an impossible task. Energy and materials, food, are taking more from the economy, leaving less to spend, on consumer goods. The consumer goods on the market are not made where the consumers live.

Going deeper in debt will not improve the local economy. Get ready to survive in isolation, with local supplies of food, water, energy, medical care, because that is the future.

Nuts and berries is more of that upscale dream that bankrupted the world. They take years to begin to produce.

South of here it is Tamalitos, corn mush steamed in a banana leaf, with wood cut with a machete. Middle Class is a filling of beans.

Bread from a mud oven, beer from the wastes, an onion, was the better times diet of the past.

Grain is the slash and burn this year crop that directly feeds the people, and the garbage some chickens.

Food production is in decline, population is booming, money is fake, taxed before you earn it, when you earn it, when you spend it, and devalued when you have it.

Real wealth is having a ton of grain. Low productive, that is about an acre, High productive, irrigated, fertilized, a quarter acre, two surban lots. That will support a family of four.

The poor land owners of this world have property that cost less than an iPhone, and live on less than the monthly fees.

Be prepared to meet Global Equality. Our workers have taken a pay cut for forty years, making less now than in 1970, while everything else has gone up. The main thing that went up was their debt to the company store.

The UN is calling for an increase in debt servitude. Americans are paying down their debts, increasing their savings, reducing their consumption, while being underemployed, under paid, with a house worth less than owed.

A whole class of leeches, business, government, banking, the UN, are sucking a dry corpse. Besides that, their mandate demands they continue to provide services. Like the Mayor and City Council out working the garbage truck, if they want any job at all.

The past is gone, never to return.

That is why I have promoted country living in groups, based on an acre per person, and cheap owner built housing. The main group that needs it is War Babies, because retiring is a different concept now.

Unemployed youth can live in the ruins of cities, and pay our Social Security.

Planning for failure seems a good bet.