Ted Obvious reports from Washington: Let’s be cynical about the world economy for a change and ask ourselves this: does the world economy actually exist or is it just a figment of our imagination, a dream, a virtual reality, like all these so-called ‘markets’ that seem to panic at every opportunity and yet, pay no attention to the current shutdown of the US government and a possible default by Uncle Sam? How is it, may I ask, that such a grave scenario doesn’t really bother the markets when they go into meltdown when the US would come up with some unremarkable stats about unemployment or factory output?
And why is it, may I continue my line of questioning, that no one else in the world gives a damn that the US Federal Reserve, a private entity which is run by all sorts of dodgy bankers, is flooding America and the world with newly printed dollars to the tune of something like eighty billion a month? Don’t the holders of the US Treasury IOUs understand that they are being f..ked, if you pardon the academic lingo here? And don’t politicians in Europe realise that the so-called American ‘recovery’ is only made possible because the Fed is printing new money like mad and feeding the markets with it?
The way politicians and bankers have been able to fool the masses into thinking that they have managed to overcome the devastating financial crash of 2008 and the crisis that followed is another example of the virtual economy that we have these days. Are people that stupid not to realise that the crisis is still going on and that the media simply puts a gloss on it, making it look as if it’s a recovery? The corrupt and incompetent banking system that has blown the world economy sky high five years ago is still in place and, what is even more amazing, creating an even bigger mess. And the national debts of all the leading economies are such that they will never be able to repay them. So what sort of recovery then are we talking about?
And here’s another example of virtual economics: despite assurances that the banking crisis is over, the money men are still concealing trillions of their losses, pretending that things are going well now while ripping off the taxpayers. If you don’t believe me, go ask any economist, in private, and they will tell you about it. The thing is that we are living on borrowed time and the whole economy may crash at any moment.
Strange, very strange. Just like it’s strange to hear all those wonderful stories about China, India and Brazil emerging as the new economic giants, based solely on their dodgy stats that only an idiot can treat seriously.
Take India, the ‘largest democracy in the world’, as some people call it. I for one could never understand the whole obsession with India’s ‘economic boom’. Have you ever been there? Have you seen the dire poverty of hundreds of millions of people? And calling India a democracy is a bit like calling Zimbabwe a champion of human rights. Get a grip, people. A woman is raped in India every four or five minutes. That should tell you something about its democracy.
I can go on giving you examples, but I hope you get my drift: the world economy is just a dream. With an occasional nightmare creeping in here and there.
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