We are getting very close !
A QUOTE FROM AN ECONOMIC VIEW 28 YEARS AGO...
> 'In order to clear up the present economic problems everything must be
set back to zero'
>
> What will soon happen, then, is similar to what a Japanese businessman
answered when asked about a solution to today's economic turmoil. He
remarked: 'In order to clear up the present economic problems everything
must be set back to zero.' He rightly saw the hopelessness of ever
repairing the system. And God's Word agrees: it is too far gone. Hence,
it will not be repaired, but will be demolished.
>
> The possibility of today's economic systems crashing has been a more
frequent topic of discussion among economists lately. For instance,
American financial commentator Sylvia Porter spoke of the real
possibility of an 'inflationary blowoff in this nation and the world,
destroying the confidence in any investment in 'paper' [money], and so
undermining the functioning of our international monetary system that
trade among nations would grind to a near standstill.' The columnist
added:
>
> 'The blowout would then ripple out to cause a rash of bankruptcies
among businesses, a collapse of the dangerously swollen credit bubble,
an upsurge in unemployment, foreclosures of vastly overextended mortgage
credit, and repossessions of goods bought on installment loans the
debtors could not repay.
>
> 'The scenario becomes more scary even as I write it.'
>
> 'Nations cannot go on borrowing to improve living standards'
>
> Political commentator Jack Anderson similarly commented on the shaky
money situation, stating:
>
> 'Nations cannot go on borrowing to improve living standards. The money
can never be paid back unless it is invested in production instead of
consumption. For many countries, the debt is already greater than they
can absorb without a financial breakdown. . . .
>
> 'Skyrocketing prices keep adding to the bad debts until the whole
banking system is threatened with collapse.'
>
> The American Institute for Economic Research makes the following
observations:
>
> 'During the next several years, the following economic developments
seem highly probable:
>
> 'A severe and prolonged worldwide depression. . . .
>
> 'During a prolonged depression, social disorder might well become
extreme. . . .
>
> 'Any person or family who appears to be substantially better off than
those who are most adversely affected may become the target for mob
violence.'
>
> When people rob, rape, mug and murder in such increasing numbers now,
in a time of relative peace and prosperity, they would do much worse if
a breakdown occurred. An evidence of this is what happened during the
blackout in New York city in 1977. In certain areas anarchy prevailed.
Looting, vandalism and robberies were epidemic. The police admitted that
they were helpless.
>
> Similarly, in an African country, a one third increase in the price of
rice sparked rioting and looting in the capital city. The streets looked
as if a war had just been fought. Martial law was declared and a strict
curfew imposed.
Maceman
Holloween is probably the day....
Well, seeing all that is happening..Iraq out of bankruptcy, oil and gas laws perched, new approach to the world's economy, the effect in a negative way on economicaly developed countries, the us election, another name for economicaly challenged people, and the list goes on.
Boil the above on high for ten minutes, Remove and reduce the juice, then add in the MONEY, AND LET IT SIMMER A WHILE, SERVE WHILE HOT, AND NO FREEZING FOR A FUTURE DINNER...DON'T FORGET THE MONEY..MAKE SURE IT IS FRESH, RIGHT OF THE PRESS. ENJOY!
Maceman