Wednesday, October 21, 2009

Money, You've Got Lots of Friends


Recently The New York Times headlines read, “U.S. Deficit Rises to $1.4 Trillion; Biggest Since ’45", and “Bailout Helps Revive Banks, And Bonuses.” Strife over the collapse of the world economic system poses a major threat for mankind. Ever since the Wall Street fiasco, the world has felt the aftershocks of its collapse and learned how sensitive the global economic system is to this conglomerate of complex banking systems. This contributes to the growing disparity that exists between classes and could grow so deep that it would be nearly impossible to reverse. From 2002-2007, two-thirds of the income gains went to the top 1% of Americans while tens of millions are unemployed or struggling to pay debt and make ends meet. America has one of the highest levels of income inequality. This inequality rose during the 80's and 90's across all countries and continues to grow at a startling pace. One of the calls of the four horsemen of the apocalypse predicts a time of worldwide famine, mass starvation and death for millions and at the same time, great wealth for others. Economic disintegration could lead to a worldwide economic meltdown which in turn could bring war, mass destruction and some really poor and pissed off people.

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