Many have seen this coming for a long time, since 2004 at least, but in 2008 the problems with the USA’s economy and the US Dollar reach the cliff. There will be many important high level meetings in governments around the world, but the most important will not be in Europe or the USA, but will be in China and Japan. Secret discussions behind closed doors, rumoured meetings with Russian government representatives.
Nations worldwide have turned hostile to the USA’s corruption and bullying. In March 2008, an important decision is made in the Japanese and Chinese governments. 2 weeks later there are discussions and secret meetings with finance corporations in Asia, as the Asian governments decide how to protect their economies. There will be a quietness in the markets, a combination of fear of the coming storm of chaos, and worries as to what the governments will decide. The employment situation will become depressing, new jobs failing to appear as companies worry about their likely need to lay-off staff in the next few months anyway.
Then in June-July 2008, the markets will seem to go crazy to with chaotic rises and falls, mad speculation and panic. For a short time, it might appear that the US Dollar will maintain it’s hegemony as the international currency of choice, but from August onward, the US Dollar’s real value drops steadily and rapidly, dragging down all currencies that are dependent on it. A new “Great Depression” will become obvious to even the most common of people in the industrialised nations.
By December 2008, it will be a very depressing time for most, with no real job stability, companies going bankrupt so often that almost no employment could be guaranteed in the private sector. The social disruption will be devastating, expect the worst.
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