Ad Broere - Ending the Global Casino?

Ending the Global Casino?

Acknowledgements

I thank Anneke for her patience, and
for the support she has given me
during the writing process. Her
answers on my questions helped me
a lot to make the right choices.

Thank you Michelle for your
constant belief in my ability to write
my second book in English. You have
encouraged me to go on when there
were the inevitable dips, and you gave
me your honest, always useful
feedback, each time I did send you
evidence of the work in progress.

Marja, thanks to you the quality
of the written English is on the level
the reader may expect from a book
with a message intended to be taken
seriously.

Further, I thank Jos Collignon
and Karl Wimer for their brilliant
cartoons, and Peter Beemsterboer
for his excellent cover design.

T he worlds financial systems are shaking. At this moment, autumn 2010, the focus is on the euro. That does not mean that the dollar, yen, sterling and other currencies are not under pressure. It appears that the attention is being distracted from those other currencies in a many fold action that looks like a deliberate attempt to destroy the euro. It seems that those who have considered this have been rather successful up till now. In spite of the 1 trillion euro support given by the European Central Bank and the IMF to sustain the weak countries such as Greece, there is evidently a deep lack of confidence in the future of the Euro.

The economy of Greece and the Greek people are at the edge of total disaster. Attempts to re-arrange the economic structure are not successful. If the enormous debts Greece have are written off a wave of problems will come over the financial world, especially the Northern European countries and banks. They are deeply involved in the problems of the so-called PIIGS countries (Portugal, Italy, Ireland, Greece, and Spain). At the same time there are the problems between China and the U.S.. China is the biggest creditor of the U.S. The debt of the U.S. is immense, a total of many trillions of dollars. It is the consequence of decades of purchases of U.S. treasury paper to support the financial position of that country, keeping the dollar high against the Chinese currency (yuan) and thus sustaining the massive Chinese exports to the U.S. Yet, the emerging markets are flooded with out of thin air created dollars, now that the economies of the rich western countries appear to be unable to find the way up again, and dollars can be borrowed at low interest rates. The ever growing money supply of the U.S. has increased Chinas fear of the downfall of the dollar. Because of this China is trying to reduce their dollar balance. One of the methods to realise reduction is to decrease the trade in dollars. Therefore it is not in Chinas interest for the eurozone to be in big trouble. Also Japan and the U.K. play a role in the game. Both countries struggle with high government debts, and failing exports.

Where it all will end is hard to predict, but somewhere and somehow it will happen. The financial and political instability worldwide and the lack of international consensus are the main reasons that it will go wrong. And possibly sooner than we think as we dont really want to be hoping for the downfall.

In the mean time speculators go on with their activities. Big private investors, hedge funds, investment banks keep on gambling on anything. As long as it brings cash returns it is all right. It is clear that they contribute to a great extent to the instability of the financial system. Trade in gold and silver is booming. People try to save their capital by investing in those precious metals. The demand for gold and silver is much higher than the supply, leading to ever increasing prices. More institutions and analysts are warning of a collapse. In a report issued by McKinsey in February 2010 titled Debt and Deleveraging this institute concludes that the Argentine scenario is the most probable one. This means that the artificially low inflation policy of the central banks will fail, hyperinflation will follow, and as in Argentina all of a sudden the value of currencies will drop to virtually zero. This is the biggest fear of all governments, all over the world. Because it will lead to massive uprisings, protests, instability, and more major problems.

What might be the consequence of this? I think it is in the mind of the in this book referred to as new world order planners. In my opinion what is unfolding now on the world stage has been foreseen by people in powerful positions. They have designed strategies on what to do after the total collapse of the present financial economic system. Most probable is the issuance of a new world currency. Ordinary people all over the world may pay the price for this, by losing most of their properties, because the majority of private households have gone deeply in debt in order to finance their homes and other purchases they could not afford to pay out of their savings. It speaks for itself that this radical change will not go without upheavels. It is therefore reasonable to think that the planners will use control and restriction of freedom as instruments to introduce the new world order smoothly. Probably they will eliminate negative elements that obstruct the development of a world of peace and prosperity. Who the negative elements are is of course in the eye of the beholder.

Whatever will come it will not be a democracy, where people have real liberty. If a new system reigns, it will be led by a few as it is impossible to allow people themselves to decide about their own lives, because such a system will be based on rules, laws and control. A completely different scenario would be a world where people are willing to cooperate without selfishness and greed and directed to a sustainable world that they can leave happily to their children. An economy wherein wealth is also measured by the extent of happiness and health might develop. No control, no rules, nor propaganda. This would be a future to dream of. However, reality is different. Unlimited greed, unrealistically high bonuses, making money with money, it all goes on. And it would be an illusion to think that things would suddenly change through a collapse. Of course there are people who are striving for a better world. Unfortunately they are too scattered and act too much on a stand-alone basis. It would be great though, if we collectively would not have to go through the bitter experience of a centrally led financial economic system. Hopefully this book will contribute to the radical change in mindset necessary to make us free from compulsion and lack of freedom.