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  World War 3 - Act 5 Scene 1

 

 

World War 3 - Act V, Scene I: Collapse of US and Western Morals and Economies

Between 1776-1788, Edward Gibbons published a huge six volume work entitled The History Of The Decline And Fall Of The Roman Empire. Gibbons' work was scholarly and monumental, as it thoroughly covered a period of history spanning approximately 1,200 years. His goal in producing this study was to precisely catalog the reasons for the rise of the Roman Empire and the factors leading to the decline and fall of the Empire. Gibbons was universally hailed as achieving his objective brilliantly.

But, Gibbons not only created a document which details how and why the Roman Empire rose and fell; he created a document which detailed precisely how a successful and powerful Empire could be subverted and destroyed.

Gibbons listed five basic reasons that the enormous Roman Empire was destroyed:

  1. The dramatic increase of divorce undermined the institution of the family.

  2. The imposition of higher taxes undermined the economic stability and vitality of the Empire. Taxes were raised to pay for deficit government spending, to pay for food for all in society and to pay for government-sponsored activities of diversion, such as circuses and sports. Interestingly, as the time of the final collapse drew closer, greater emphasis was placed on sports, to divert the attention of the public from the distressing news of massive trouble within the Empire.

  3. The drive for personal pleasure had become very intense, even to the point of obsession. Gibbons noted that, at the very end, sports had become more exciting and brutal.

  4. People lost their faith, both religiously and in their government. Paganism gave way to Christianity and the efficient Roman Government gave way to chaos and disintegration.

  5. Hidden conspirators were working within the government to secretly destroy it. They worked quietly, invisibly and deceitfully; during the entire time they were secretly dismantling the government of the Roman Empire, they publicly proclaimed their unswerving support of it.

Recognize any of the above 5 points occurring in Western societies today? 

May 28, 2004 -- The Federal Reserve raises the Money Supply (M-3) by unprecedented, almost crisis proportions, up another $46.8 billion in one week, bringing the total over the month of May to $155 billion.  This equates to a $2.0 trillion annualized pace, a 22.2 percent annualized rate of growth.  These numbers are huge.

May 5, 2006 -- In possibly the first casualty of the looming subprime crisis, Kirkland, Washington based Merit Financial Inc. files for bankruptcy and closes its doors, firing all but 80 of its 410 employees; Meritís marketplace decline about 40% and sales are not bringing in enough revenue to support overhead

May 17, 2007 -- Federal Reserve Chairman Ben Bernanke said growing number of mortgage defaults will not seriously harm the U.S. economy.

June 2007 -- Concerns grow on Wall Street as two hedge funds of the New York investment bank Bear Stearns move toward collapse due to Bear Sterns' extensive investments in mortgage-backed securities.

Oct. 1-24, 2007 -- Swiss bank UBS announces losses linked to U.S. subprime mortgages.  Investment bank Merrill Lynch reports losses of $5.5 billion. Citigroup announces $6.5 billion third quarter losses.  Merrill Lynch announces losses to be over $8 billion.

September 7, 2008 -- Government takes control of the mortgage giants, putting the liability of more than $5 trillion of mortgages onto the backs of U.S. taxpayers.

September 15, 2008 -- Lehman Brothers files for bankruptcy.  This is the largest bankruptcy filing in the history of the U.S., at almost $650 billion. After a weekend of negotiations, potential buyers such as Bank of America and Barclays walk away from the negotiating table and Lehman is left with no other option.

September 16, 2008 -- The U.S. government bails out AIG with an $85 billion loan.  Feds say a failure of the company could be devastating to the financial markets as well as the economy. This is in exchange for a nearly 80% equity stake in the company

September 29, 2008 -- Dow Falls 777.68 Points.  This is the largest one-day point drop in history.
Hundreds of billions of dollars effectively evaporate from the retirement accounts of the U.S. population in a single day.  The index sees its largest one-day point loss ever after the House votes down the rescue plan. The S&P 500 has its largest point drop ever and second-largest percentage drop in history.

October 3, 2008 -- U.S. Congress passes $700 billion bail-out (now being referred to as the "first round" of bail-outs).  President Bush signs the bail-out into law.

December 23, 2008 -- New homes sold at an annualized pace of 407,000 units in November, the weakest showing in almost 18 years and further evidence that the housing market is still in distress.

December 30, 2008 -- U.S. home prices fell by 2.2% from September to October and prices are off by 18% over the previous 12 months, according to Standard & Poor's/Case-Shiller housing price index that tracks existing home sales in 20 major metropolitan areas.

2009 and beyond -- ???? 2009 is predicted to be a year of contraction in the global economy.  Let us hope that the predictions of many well-meaning individuals who have been sounding the alarm bells for decades, such as Peter Schiff and Jim Rogers, do not come to fruition.
 

 



 

 


Intro | Prelude | Act I | Act II | Act III | Act IV | Act V

 

World War 3 Statistics

For a detailed look at WW3 statistics, including the running cost of World War Three, the number of lives lost and the countries involved in World War Three, please see our World War Overview.  Further details will be added as events dictate.

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Next:  How the  tragic events of 911 fit in with the planned World War 3.

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Today is World War 3 on March 20, 2003 and the terrorist attacks of September 11, 2001.