© 2017 Mikael Carlson

GLOBAL STOCK MARKETS COLLAPSE (MARCH 15-16, 2029)

AMERICA, INC.

CORPORATE PROPAGANDA OFFICIAL TEASER

America, Inc  -  Corporate Propaganda Book Teaser

GOVERNMENTS AROUND THE WORLD WERE POWERLESS TO EASE THE FINANCIAL CRISIS. INTEREST RATES WERE AT HISTORIC LOWS AND MAJOR ECONOMIC POWERS, NAMELY THE UNITED STATES, CHINA, RUSSIA AND THE UNITED KINGDOM, ENGAGED IN RECKLESS QUANTITATIVE EASING – PRINTING MONEY – TO BREATHING LIFE INTO A SUFFOCATING GLOBAL ECONOMY. AS A RESULT, THERE WERE FEW ARROWS LEFT IN THE QUIVER TO DRAG THE WORLD OUT OF THE DEEPENING RECESSION.

PENNANCE FOR PAST SINS

ON MARCH 13, 2029, THE DAY BEFORE THE DEFAULT, THE US GOVERNMENT’S DEBT WAS OVER 600% OF ITS GROSS DOMESTIC PRODUCT (GDP). HAD THE POLITICIANS IN WASHINGTON SENT AN ARMY OF BRIEFCASE-WIELDING IRS OFFICIALS TO CONFISCATE EVERY PENNY OF US OUTPUT FOR SIX YEARS, IT STILL WOULDN’T HAVE ENOUGH MONEY TO PAY OFF ITS ACCUMULATED DEBT. IN 2014, THE US DEBT/GDP RATIO WAS THE HIGHEST LEVEL SEEN SINCE WORLD WAR II. IN THE FIFTEEN YEARS PRIOR TO THE DEFAULT, THAT RATIO ONLY GREW LARGER.

 

DUE TO FINANCIAL MISMANAGEMENT, LACK OF POLITICAL WILL, AND A LACK OF TOOLS TO COMBAT THE DOWNTURN, DEFAULT WAS INEVITABLE. THE RESULTING FINANCIAL CRISIS HIT THE WORLD LIKE A TSUNAMI. THE FAILURE OF THE UNDISPUTED KING OF BORROWING TO PAY ITS DEBT DEVASTATED STOCK MARKETS FROM TOKYO TO LONDON. TREASURY BONDS AND NOTES, A LONG-TIME MAINSTAY FOR SAFE INVESTMENT, WERE NO LONGER SOUND INVESTMENTS DESPITE THE HUGE YIELDS. THE BORROWING COSTS FOR EVERYTHING FROM CREDIT CARDS TO MORTGAGES FOR BILLIONS OF PEOPLE BECAME PROHIBITIVE, AND THE DOLLAR, ALREADY RAVAGED, BECAME NEARLY WORTHLESS.  THE U.S. DEFAULT WAS THE FINANCIAL APOCALYPSE ECONOMISTS HAD WARNED ABOUT FOR DECADES.

 

SET UP FOR FAILURE

SHAKEN, NOT STIRRED

TO EXPLAIN THE SCOPE OF THE CRISIS, THE AMOUNT OF OUTSTANDING GOVERNMENT DEBT THE UNITED STATES OWED IN 2029 WAS 193 TIMES WHAT LEHMAN OWED WHEN IT FILED FOR BANKRUPTCY ON SEPT. 15, 2008. THAT FINANCIAL CRISIS TOOK MORE THAN A DECADE TO RECOVER FROM. SOME ECONOMISTS NOTE THAT THE GLOBAL ECONOMY NEVER REALLY DID.  FINANCIAL MARKETS ARE ALL CONFIDENCE-BASED. IF THAT CONFIDENCE IS SHAKEN, YOU HAVE DISASTER.

 

HIGHLY LEVERAGED US COMPANIES WERE THE FIRST BE PICKED OFF, UNLEASHING A RASH OF CORPORATE BANKRUPTCIES IN THE WORLD’S LARGEST ECONOMY. THE AFTERSHOCKS WERE FELT AROUND THE WORLD. IN THE SPAN OF TWO DAYS, NEARLY EVERY EXCHANGE AROUND THE GLOBE LOST NEARLY ONE-HALF THEIR VALUE. CIRCUIT BREAKERS PUT IN PLACE TO STOP EMOTION-RIDDEN SELLING FROM PLUNGING PRICES WERE POWERLESS TO STOP THE HEMMORAGING. GOVERNMENTS ORDERED

 

EXCHANGES CLOSED TO PREVENT FURTHER DAMAGE, ONLY TO SEE THE PLUMMET CONTINUE THE NEXT TRADING DAY. BY MONDAY, MARCH 20, 2029, ONE-THIRD OF THE WORLD’S STOCK EXCHANGES WOULD NEVER OPEN THEIR DOORS AGAIN.

NOBODY IS SPARED IN THE "SECOND GREAT DEPRESSION"

THE EFFECT ON THE WEALTHY WAS TRAUMATIC, AS EXPECTED, BUT IT WAS THE MIDDLE CLASS WHO SUFFERED MOST. WITHIN A WEEK, MOST PEOPLE LOST THEIR ENTIRE RETIREMENT SAVINGS. THE 401(K) PLAN, THE PRIMARY VEHICLE TO PLAN FOR LIFE AFTER WORK, BECAME WORTHLESS. SUICIDES SPIKED. MURDERS BECAME AN HOURLY OCCURRENCE. PEOPLE BEGAN TO CALL THE CALAMITY THE “SECOND GREAT DEPRESSION.” IT WOULD GET FAR WORSE.