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For the past few months I’ve noticed on the streets and on the financial news how people’s buying attitudes are changing. The vendors in the markets are suffering as demand for their products are falling simply because there is not enough disposable income for the everyday people. As taxes rise, fuel prices rise, instead of buying that shirt that you like, you have to delay that and save the money in your account to wait for that direct debit coming out real soon. When I noticed this a few months ago I wondered if this was the start of a recession, or will it be something like ‘The Great Depression’ in 1929. I even posted a poll on the homepage to get some opinions and a few agreed. After months of my speculation I see on the news how financial analysts are saying the same thing even worse.
I thought to myself that something similar to the Great Depression will happen sooner or later as there is an elevation of events occurring simultaneously with regards to the world’s resources and how it is being distributed. For example there are reports of famine in Ethiopia again? Due to a famine? Even so I know that some of Africa’s exports are food and they are directed to feed Europe and the US and any others who will make Africa’s exports increase. At the same time we see African countries finding hard to feed themselves. While food and petrol prices are rising in the UK and US, it is slight in comparison to places like Ethiopia and other ‘third world countries’ where they are finding it hard to grow their crops. Still the flip side of that is, in Europe the mass of the population hardly grow crops themselves yet we eat abundantly some of us more so than others. My question is why can’t these ‘Third World’ countries pool their resources together and feed themselves with using supermarkets and markets where there is a lack of food? I heard a prominent radio broadcaster said Africa can feed itself if they stop feeding the outside world. That argument alone could sum up the whole issue of famine in 2008 my opinion.
As different countries compete for fuel, which is required for more productivity, different factions of war has broken out over the globe to divide and control a people and their resources. The few which refuses to comply are threatened with sanctions on their people or even military force. These events made me think the Great Depression started roughly 1929 and the second world war started in 1939. What are the odds of a third, all out world war?
I believe there is a huge strain on the pockets of a few of the G8 who are financing a controversial war, over yes the control of resources and a way of life. The money they are investing in these crusades has put a train on the economies and someone has to pay for it. Guess who? Yes you? The citizens has to pay for it with the ever increasing taxes. This will put a strain on the people’s pockets which means less money to spend. As interest rates rise and funds become more difficult to attain, people will begin to panic and keep their earnings and do not spend it which is detrimental to the economy so the government will do their best to encourage spending. The poorer countries will suffer the most if they are going by the status quo of how a country should feed itself. Not too long ago I saw on the news how people in Pakistan are rioting because their stock market went bust.
This world economy slump is making it even more difficult for everyday people to pay their bills and even put food on their tables as well as finding the funds for transportation to and from work. For the past few months I see a few people who I know personally, moving out of the houses they bought 3 years ago because they cannot afford to pay their mortgages, bills and council tax. For people like them I would advise them to relocate if they can and start an enterprise where the economy is likely to rise and not recess like the one we are living in. I say this because there is only so much a country can produce and progress and we probably are seeing the beginning of the end of a successful empire and they are tightening up on everything as they themselves are looking elsewhere for more resources to feed their economies. Therefore it could be better to think outside the box and move out of it completely and set up somewhere, where there is potential for that economy to grow, a country where you can live a better quality life.
To be continued...
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