Despite the reports of brighter times ahead, things are looking just as bleak as ever. I do not wish to sound like a pessimist, but the reality of the situation is that the elements that have created the recession have not been dealt with to date. Nothing has really changed except that bankers and others who profited from the financial thievery got paid off again by the government (aka, stimulus package, bailout).
The 'green shoots' spoken of in the news have not materialized. There are numerous homes that should be in foreclosure that banks are not moving on so that they can artificially reduce the number of homes that are in foreclosure. The commercial real estate market is poised to melt down in similar fashion to what happened to the residential real estate market. Unemployment is not going down any time soon, and all reports show that no progress is being made to create jobs in America. The Health Care package appears to be a huge expense for a cash-strapped country. The War in Iraq has now been converted into the War in Iraq and Afghanistan. China and Japan are trying to get rid of as many dollars as they can, while they are still worth something. The inflation/hyperinflation practices of the US government are going ahead at full speed.
I could go on and on, but I think that you're getting the point. It just doesn't look like any action is being taken that will make the US or world economies any better. The world's economy seems to be irrevocably addicted to debt. It almost appears that the world's economy has been linked and is now being purposely destroyed to create a world wide financial crisis that will be solved by a world authority with the power to control everything on the planet.
I'm not sure if that's good or bad, but I am sure that it will all depend on the intentions of those who seek to rule. Historically, the people that fight their way to the top of the heap are usually in it for themselves and their friends, and everybody else gets screwed. The people get a bunch of platitudes and good-sounding speeches, and not much more.
But maybe things will be different this time. Maybe people who are power brokers will shower average people with abundance, freedom and a happy way of life. Maybe they will educate the children to be intelligent and industrious. Maybe they will enable the peoples of the world to advance the newest technologies and enhance the quality of life for all people on Earth. Maybe there will be no more wars, no more exploitation, no more discrimination, no more terrorist attacks, no more victims.
How probable is this, given the history of mankind?
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