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THE GLOBAL ECONOMIC CRISIS FISCAL YEARS 2009-2011

on Saturday, 01 October 2011. Posted in Crisis

The MICHAEL Journal reports that even the United Nations is now warning the public of a long “labour market recession” and publishing news that social unrest related to the crisis has already been reported in at least 25 countries. This comes while countries around the world are still struggling to maintain some sort of stability in spite of bailouts introduced by their governments. It is obvious to those who are trying to live their everyday life, either in the working or the retirement class, that the economic crisis has affected millions of people and continues to do so. Here we will list only a few of the countries that have suffered disaster and chaos because of this crisis; a crisis that was created by the International Financiers, the shadow global government, through different institutions such as the World Bank and the International Monetary Fund (IMF), in an effort to establish a New World Order.

In this article, we have utilized facts provided by the mass media, so it must be noted that much of the information has been diluted to prevent a panic among the population. Even though the current world crisis is very grave, we must know that the actual numbers of the debt, unemployment and the crisis ratio are much higher.

 

THE UNITED STATES

Although financial advisers and U.S. economists continue to be very optimistic about the rise of the U.S. economy, reality is harsh for the everyday citizen. Unemployment continues to rise (up to 9.7 percent in September according to bank statistics), with many businesses cutting back on personnel. Soup kitchens and other social aid (institutions) now have a larger clientele than ever. Meanwhile, the economy drops further into recession and bailouts bring the intended result: loss of confidence.

In 2009, the rate of working-age Americans living in poverty climbed more than ever before, to 14.3 percent. That’s 43.6 million people or, one American in every seven, below the poverty level. This report was published by the U.S. Census Bureau but the real numbers are unknown. A different measure, the International Gini Index, found U.S. income inequality at its highest level since the Census Bureau began tracking household income in 1967.

A struggling family, like a mother and children who would be in poverty on their own, often decide to stay with more prosperous parents or other relatives. The Census Bureau study found an 11.6 percent increase in the number of such multifamily households over the last two years.

The United States Census Bureau is now citing personal charity, the willingness of millions of families to take in relatives, friends, neighbors, children and others into their homes, as a key factor in why the numbers of the poor only climbed by 4 million rather than 6 or 8 million!

The Official U.S. National Debt has now reached 13.6 trillion dollars (and counting), with each U.S. citizen owing over $176,149; this amounts to $672,685 per family. According to media sources, this is not counting the debt of the 50 states, of thousands of cities and towns, personal and corporative debts, which amount to 78.8 trillion dollars. The world Global Domestic Product was 70.2 for 2009 (EST).

 

CANADA

The recession has caused many Canadians to fall into deep poverty as well, leaving many struggling with the continuing impact of the economic crisis. Hundreds of thousands of Canadians lost their jobs. Employment Insurance (EI) failed to adequately support the unemployed, as nearly half of them did not receive benefits and those who did received a poverty income. As a result of the gap created by EI, social assistance case-loads increased across the country. Bankruptcies have increased and food-bank use skyrocketed.

As many as 500,000 Canadians exhausted their benefits without finding new work in late 2009 and early 2010. While hundreds of thousands of Canadian families saw their incomes cut, they also had to stretch their meager incomes farther as the cost of living increased in 2009. Food prices across the country rose 4.9%. Average rent for a two-bedroom apartment grew 2.3% between October 2008 and October 2009.

While 2010 has brought headlines of an economic recovery in Canada, like in the United States, the employment situation has worsened dramatically.

 

MEXICO

The number of people living under conditions of extreme poverty in Mexico and Central America rose by 800,000 in 2009, according to figures made public by the Economic Commission for Latin America and the Caribbean (ECLAC), which is affiliated with the United Nations. The head of that UN body in Mexico, Hugo Beteta, told reporters that this category includes people with income of less than $1.25 per day. Mexico alone has more than 50 million people living in poverty, roughly 45 percent of the population, according to official figures, which state that between 2006 and 2008 the ranks of the poor expanded by five million.

 

POLAND

Poland is another victim of the gigantic fraud of the economic crisis. The national debt of Poland in 2009 amounted to $684,365 billion zlotys, according to Eurostat. In 2010, Poland’s national debt will reach 750.8 billion zlotys (264 billion U.S. dollars). The government is hiding the unofficial debt of the country, which is 3 trillion zlotys!

What does this mean? It means that Poland is now bankrupt.

These numbers reveal the enormity of the global fraud taking place and the Polish people, who are poorly educated in the public and economic sector, do not realize how much this will affect them. The problem of financial bankruptcy in Poland is not an abstract problem. It is the most serious problem in the post-war history of Poland. The public debt of Poland was not generated by the Polish society but by the International Financiers, working through the governments. They are the ones’ responsible for today’s state of affairs.

 

GREECE

Greek unions vowed to battle an unprecedented round of austerity measures, wage and pension cuts, approved by the socialist government to seal agreement on a massive financial bailout. “They are going to worsen the recession and plunge the economy into a deep coma,” said Yannis Panagopoulos, who is president of the GSEE (General Confederation of Greek Workers) union. Violent protests and strikes are common in the streets of Greece, as the IMF and Eurozone endorsed a $147 billion dollar bailout, which plunged the country even deeper into debt. Greece currently has an unemployment rate of 12.2 (Eurostat) percent, with the IMF predicting a climb to 14.8 percent in 2012.

 

PORTUGAL

Portugal has endorsed new and higher taxes, pay cuts and a partial freeze on pensions to accommodate the impact of the financial crisis. Once again, the working class/middle class citizens will pay the price for the excessive policies of the banking industry.

 

SPAIN

Spain’s new fiscal measures are even more aggressive, with a five percent pay reduction in the public sector and 13,000 civil service jobs to disappear in 2010. Spain faces years of misery because of this financial crisis, with no prospect for relief in the future.

 

FRANCE

France will never completely recover from the effects of the world financial crisis, said the country’s official statistics body. This somber analysis is in step with IMF forecasts. The French National Institute for Statistics and Economic Studies (INSEE) has released its predictions for medium-term future growth and the news is not good.

France has experienced a wave of street protests in a general strike over Nicolas Sarkozy’s handling of the economic crisis. Traditional public sector strikers such as teachers, transport workers and hospital staff joined in an unprecedented movement and protested Sarkozy’s cuts to the public sector and welfare state. Most of those involved fear the dreaded French scourge: unemployment, which is now rising at the fastest rate in more than a decade.

 

GLOBAL STATISTICS

Here are some interesting and little-known facts about the economic situation:

Almost half the world – over three billion people – live on less than $2.50 a day.

At least 80 percent of humanity lives on less than $10 a day.

More than 80 percent of the world’s population lives in countries where income differentials are widening.

According to statistics, 40,000 children die every day from hunger! That means that one child dies every two seconds and 28 children every minute. And they “die quietly in some of the poorest villages on earth, far removed from the scrutiny and the conscience of the world. Being meek and weak in life makes these dying multitudes even more invisible in death.”

 

ECONOMY ON A DECLINE

For economic growth and almost all of the other indicators, the last 20 years [of the current form of globalization, from 1980-2000] have shown a very clear decline in progress as compared with the previous two decades [1960-1980]. Among the findings:

Growth: The fall in economic growth rates was most pronounced and across the board for all groups or countries.

Life expectancy: Progress in life expectancy was also reduced for 4 out of the 5 groups of countries, with the exception of the highest group (life expectancy 69-76 years).

Infant and child mortality: Progress in reducing infant mortality was also considerably slower during the period of globalization (1980-1998) than over the previous two decades.

Education and literacy: Progress in education also slowed during the period of globalization.

The redistribution of capital through bailouts on a global scale, i.e. with large corporations taking over the national capital of a country, has a purpose. It involves the liquidation of the national sovereignty through the currency with the clear objective being the enslavement of every nation’s capital to the International Financiers with the ultimate goal of a global currency.

 

UNITED NATIONS CHARTER

The United Nations convened in a special global summit in September of 2000, establishing a new charter for what they called “Global Democracy”. It was signed by leaders from 56 nations as well as many private non-government organizations. Economist John Kenneth Galbraith analyzed this charter and said that it will implement laws in which each UN member “must surrender their sovereignty to the world body.” The charter calls for the integration of all corporations and financial institutions and the elimination of private corporate rights. The laws make sure that every country will lose its sovereignty and national government.

The charter calls for the cancellation of all debt owned by the poorest nations, global poverty reductions and the “equitable sharing of all global resources.” Here they also speak about a national dividend to each citizen. According to the G7 meeting in 1995 which introduced a charter entitled “People of the world,” the proposition for a national dividend would fall under the dictatorship of a “Global Resource Bank”, manned by the IMF and the World Bank. Art. 2 of the United Nations Charter states: “Free access to the Bank is by telecommunication.” This means that all transactions would be made electronically; with the result of total control of all financial transactions by the IMF and the World Bank.

The “dividend” itself is in the form of electronic money, with a microchip (or bio-sensor) implanted under the skin of each individual. Every form of production is taken over by the new World Government and each citizen is forced to turn to these “rulers of the world” for sustenance and support.

The main elements of this charter seem, at first glance, to be very similar to the Social Credit proposals written about so often by the MICHAEL Journal. However, a system where each person is a slave to a world government is a far cry from what the Pilgrims of St. Michael and the philosophy of Social Credit advocate. The Social Doctrine of the Church (which is Social Credit applied) gives us principles of justice that allows every man, woman and child the right to live, to have a part of all the natural resources and fruits of our modern technology, handed down from past generations.

 

A NEW WORLD ORDER

The financial system does not accomplish its role, because it has been diverted from its end. Money should be an instrument of service but the International Financiers, in appropriating the control over its creation, have made it an instrument of domination. The creation of money as debt by the Financiers is a means of imposing their will upon individuals and of controlling the world.

God is calling every one of us to sound the alarm and warn the people about the false peace and security that is being presented by the United Nations and the International Financiers. How can peace and security come from the same people that control our lives and the very soul of our economy so that “no one dare breathe against their will” and who financed all the world wars, created recessions, depressions, and who promote the culture of death; killing hundreds of millions of people!

We must remind Christians that the battle for freedom and justice will never be won if we remain complacently at home. We must inform the people that they have been lied to by the very people that they trust to run their countries, the governments who have sold their nations and citizens to the financial moguls.

Our times are most urgent and necessary; let us spread the leaflets and subscribe the people around us to the MICHAEL Journal, so that the population will learn the necessity to fight for the truth and liberty!

 

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