Economists and
most professionals believed that the most possible way that the world could
end is through the economic downfall of the U.S., different studies and
research shows that this was possible because of how vast its economy can
affect almost all of the countries in the world, especially those countries
that rely too much on the trade of the U.S.
My dad often lectures
me about how the economy works and how money plays its role in the economy which
made me interested more about doing this research on how economic collapse can
end the world.
I've watched a
documentary film in National Geographic just last weekend called “Doomsday
Preppers” which was entitled “Economic Collapse and how it could End the World.”
From the documentary, it was described that the collapse of the dollar will
throw the world into a global depression because if the United State’s economy
collapses, the tendency is for them to abruptly shut down all their market
trades with all of their joint ventures [different countries] which will make
countries furious and was even believed that such scenario can lead to another
world war.
I’ve
researched an article entitled “What The Dollar's Collapse Will
Mean To The World” in rense by Bruce Porteous. An article which
talks about what nations will be affected in the collapse of the dollar and how
it will affect the entire world. And that Predictions
about the potential effects on the global economy of a U.S. default have verged
on the apocalyptic:
“The collapse of the dollar will throw the
world into a global depression. Those nations with large external debts will
not be able to trade sufficiently to earn the income to service their debts,
and will slide into bankruptcy. The economies of New Zealand, Australia, Canada
and the UK will also totally collapse, as a result of their indebtedness and not
being able to service their borrowings. It will result in the Anglo-Saxon
nations facing abject poverty, our people facing starvation, and a total
break-down in society. Crime will become rampant. Law and order will cease to
exist. Disease will become widespread.
The
Asian economies, which have depended upon American trade, will also be severely
affected. Riots will rapidly spread around the world.”
I grew more enthusiastic about
having to research on this topic because of this article for the reason that I develop
a sense of awareness and was open to new things and I didn’t think that it was
ever possible that the fall of just a single economy can immensely affect so
many countries.
And as I continue my research I
found an article that discuss about “The Coming Economic Crash Caused by World
Debt” From propheticyears.com by Don Koenig which may supports my first article
that talks about the possibility of the economy downfall of US ending the
world, it was stated in that:
“Almost every nation of the world has such severe debt that just
making the interest payments takes a large amount of their financial resources.
Much of this world debt is owed to world bankers that then dictate their own
economic policy to these countries. These policies do not favor the poor.
The largest economy in the world is the United States. The US
government is currently 17 trillion dollars in debt and I project that to go to
at least 25 trillion by 2020. Paying the interest on that huge debt in future
years will cost as much as what is now spent on national defense (using modern
historical interest rates and the cost of defense under normal peace time conditions).”
We are living in
a world that we have to continuously remind ourselves each day when we wake up that the world we are living at is becoming increasingly unstable, and the potential for an event
that could cause the economy downfall or sudden change to the U.S. economy is greater than
ever. We have to learn to be
aware of these phenomenons because one may not foretell when these events would
already be a default verged on the
apocalyptic.
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