I see an economic diasater coming...

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It makes me happy right now that we cannot reach these worlds.Maybe someday when we grow up some more?When we learn not to consider other peoples property to be our own.I should hope we learn how to recycle our own wastes and garbage.Nature recycles every single atom.We are supposed to be the brainy primates who survived the extinctions that the early cousins to man did not survive.If we can learn from nature then maybe we are worthy to spread ourselves throughout this galaxy.triffid

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I have been reading"The Partys Over",C.C.2003  by Richard Heinberg concerning Oil,War and the fate of industrial societies.It seems that once the oil runs out we are in for a lot of changes in our lives that we may not be happy to see.He looks at all the energy sources that we are tapping now.And says that they fall short of what Oil has done.Says that there are 2 to 4 billion extra people on the planet due to oil being available like it has been the last 100 years.I do recall that Cuba and Guessing,Austria made changes to their towns and villages so they could survive peak oil.The USA is another matter.It will not be that simple here due to controlling oil and auto interests who can buy the government so they can postpone,subvert,and in general make it difficult  for us to transit to a place beyond oil.triffid

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Yesterday I saw the "Thrive" movie on u-tube.They have a message about the NWO.The movie is at http://www.youtube.com/watch?v=OibqdwHyZxk  triffid

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Don't think the world is in trouble? Check out http://finance.yahoo.com/news/world-economy-being-sustained-extraordinary-182622539.html  triffid


WASHINGTON (AP) -- Five years after a global financial crisis erupted, the world's biggest economies still need to be propped up.
They're growing and hiring a little faster and creating more jobs, but only with extraordinary aid from central banks or government spending. And economists say major countries may need help for years more.
From the United States to Europe to Japan, central banks are pumping cash into economies and keeping loan rates near record lows. Even fast-growing China has rebounded from an uncharacteristic slump with the help of government money that's poured into projects and made loans easily available from state-owned banks.
For now, thanks in part to the intervention, the world economy is improving. The International Monetary Fund expects global growth to rise to 3.6 percent in 2014 from 2.9 percent this year.

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—UNITED STATES
The U.S. economy grew at an unexpectedly solid 2.8 percent annual pace from July through September, though consumers and businesses slowed their spending. And U.S. employers added a surprising strong 204,000 jobs in October.
The Fed has been debating whether hiring is healthy enough to justify slowing its monthly bond purchases. Despite the solid October jobs report, most economists think the Fed won't reduce its bond buying before early next year.
Janet Yellen, who faces a confirming hearing this week for her nomination to lead the Fed starting in January, is expected to sustain its low-rate policies.
Even at reduced levels, the bond purchases would continue to stimulate the economy by adding money to the financial system and lowering loans rates to encourage borrowing and spending. The Fed's purchases have helped offset U.S. government spending cuts.
Nariman Behravesh, chief economist at IHS Global Insight, thinks the U.S. economy will be strong enough to manage without any help from Fed bond purchases by the end of 2014. He sees the Fed raising short-term rates, which it's kept at a record low near zero since late 2008, sometime in 2015.
But weaning the U.S. economy off Fed support, he says, is "tricky ... If you do it too slowly, you could ignite inflation. If you do it too quickly, you run the risk of killing the recovery."
— EUROPE
After enduring two recessions since 2009, the 17 countries that use the euro currency are expected to eke out their second straight quarter of growth from July through September. But many economists say the eurozone's growth might not meet even the feeble 0.3 percent quarterly pace achieved from April through June. The latest quarterly figure will be announced Thursday.
The European Central Bank surprised investors last week by cutting its benchmark refinancing rate to a record 0.25 percent. It acted after economic reports exposed the weakness of the recovery. Inflation last month was a scant 0.7 percent. That raised the risk of deflation — a prolonged drop in wages, prices and the value of assets like stocks and homes.
The rate cut "signals that the ECB is not prepared to accept the risk that the euro area falls into deflation," says Jacob Kirkegaard, senior fellow at the Peterson Institute for International Economics.
"Once prices begin to fall, you start to see consumers and businesses change their behavior," Kirkegaard says. "Why should you buy a car today if the price of the car is going to fall tomorrow? Falling into the trap can be very difficult to get out of."
— JAPAN
Japan's economic recovery has gained momentum since Prime Minister Shinzo Abe took office in late 2012. Under "Abenomics," the government and central bank have injected money into the economy through stimulus spending and rate cutting. The economy grew at a robust 3.8 percent annual rate from April through June.
But economists worry about whether the recovery can be sustained and whether Japan can grow enough to make up in tax revenue what it's spending on stimulus.
Noriko Hama, a professor at Kyoto's Doshisha University, contends that only higher wages and rates will give people the income and confidence they need to spend more and restore the economy's health.
Like the Fed, the Bank of Japan could struggle with how to time and carry out a reversal of its easy money policy once the economy improves or if inflation or asset bubbles emerge as a threat.
"They have placed themselves in a very difficult situation indeed," Hama says. "It's a double-edged sword."
—CHINA
China's economy grew at a two-decade low of 7.5 percent in the three months that ended in June compared with a year earlier. That's still a vigorous pace compared with the developed economies of Europe, the United States and Japan. But for China, it marked a slowdown, and Beijing launched a mini-stimulus program, spending on railway construction and other public works.
It worked: Growth edged up to 7.8 percent from July through September from a year earlier.
Yet some economists doubt the gains in China will last.
"I can't see the rebound lasting for very much longer, because it has been driven by government projects," says Mark Williams of Capital Economics.
In the latest quarter, more than half the reported growth was due to investment, not trade or consumption. Many economists say China's continued reliance on government-led investment is dangerous. It threatens to produce factories that make goods no one wants and unneeded real estate developments that can't repay loans.
China responded to the 2008 global crisis by ordering its banks to open their lending spigots. The recovery has been underpinned by a surge in borrowing, which is up 20 percent this year.
China's central bank has warned that the aggressive lending is unsustainable and could cause bad loans to pile up dangerously.
"I think we're going to see policymakers try to crack down on credit in the next few months," Williams says.
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