http://www.globalfuturist.com/blog/2009/02/13/toward-a-conservation-economics/ Thu, 03 Nov 2011 18:14:53 +0000 http://wordpress.org/?v=2.8.4 hourly 1 http://www.globalfuturist.com/blog/2009/02/13/toward-a-conservation-economics/comment-page-1/#comment-373 Greg Clark Sun, 05 Dec 2010 00:23:33 +0000 http://www.globalfuturist.com/blog/?p=52#comment-373 I agree with your comments concerning the global economy. Presently, there is an unsustained, fianancial environment which could, and probably will transform to an hyper-inflationary one. Devalued currencies around the world are a result of electronic printing of money, debaseing and destroying any illusion of stability in fiat currencies. when there is a "financial global crisis", the future will be grim for most countries with the possible exception of China, Singapore, Australia, Switzerland, and Norway. The US has a spiraling debt load which will negatively impact the global economy, ultimately crashing and leveling the playing field. The time frame for this to occur is extremely complicated. One important factor will depend to a great extent on China's willingness to accept increasingly devalued US currency. When China no longer extends its financial crutch to the US by buying worthless treasuries, etc., there will ultimately be a resurgence of sustainable debt loads which will be the result of a financial overhaul of banks and other financial entities policies. Currency viability will be the result of a global consensus of choosing a standard that demands much stricter control of Central Banking like the Federal Reserve, which continues to magically make money appear, out of the thin air. I agree with your comments concerning the global economy. Presently, there is an unsustained, fianancial environment which could, and probably will transform to an hyper-inflationary one. Devalued currencies around the world are a result of electronic printing of money, debaseing and destroying any illusion of stability in fiat currencies. when there is a “financial global crisis”, the future will be grim for most countries with the possible exception of China, Singapore, Australia, Switzerland, and Norway. The US has a spiraling debt load which will negatively impact the global economy, ultimately crashing and leveling the playing field. The time frame for this to occur is extremely complicated. One important factor will depend to a great extent on China’s willingness to accept increasingly devalued US currency. When China no longer extends its financial crutch to the US by buying worthless treasuries, etc., there will ultimately be a resurgence of sustainable debt loads which will be the result of a financial overhaul of banks and other financial entities policies. Currency viability will be the result of a global consensus of choosing a standard that demands much stricter control of Central Banking like the Federal Reserve, which continues to magically make money appear, out of the thin air.

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