Think of the Wars and consequent contractions in America, Argentina, Brazil, England, France, Germany, Japan, Indonesia, Korea, Mexico, Russia and Vietnam. Now multiply those effects in a linked global culture, economy and market after the largest expansion in history, with the Dow from 1980 to 2000 going up 44 times in real terms, and America going from the world’s largest lender to largest borrower.

America conducted a series of costly Wars on Cancer, Drugs, Energy, Foreign Nations, Heart Disease, Native Americans, Poverty and Slaves, forgetting historical lessons going back to at least Atlantis, Babylon, Egypt, Greece, India, Israel, Persia and Rome. Herewith some corollary consequences, collateral damage if you will: Finance Deficit currencies and markets around the world may continue to fall for decades while interest rates rise. Stock indices may drop more than 99 percent in real terms. Real estate values may fall more than the 1780s, 1860s, 1930s and 1940s. Real estate in real terms may fall more than 100%. Rating services may resume their trend downgrading quality. Cities, companies, counties, households, nations and states may default in record amounts on bonds, contracts, currencies and Treasuries. Debt packages made of auto loans, business loans, credit card and mortgage debts may become unworthy investments. Derivatives which dwarf global economies and financial markets may default as underlying assets implode. Many pension plans may fall in value and be unable to provide the expected benefits

Estates and Pension plans may be raided by corporations, governments and relatives to remain solvent. Anger and fear over these developments may result in demonstrations and violence with ineffective, noisy and tardy political reforms. Prices for collectibles may continue to fall. Many may become little more than curios. More banks and quasi financial institutions will fail than failed in the 1930s. The total amount of credit outstanding worldwide will decline substantially as usury becomes outlawed, uncustomary or unpopular and people begin to save and pay cash. Central bank chairmen and Treasurers may be labeled corrupt fools greatly responsible for repeat collapses. The dollar may lose its place as the world’s reserve fiat currency and the military may lose its standing and strength to China. Either gold or silver, a currency backed by gold or silver (such as the Islamic dinar), or the Chinese Renminbi yuan used since the Stone Age may take its place. The deficit and usury-based Federal Reserve and Treasury System as we know them may be discredited and then abolished for aiding friends and majors with bailouts that do not work while taxing the poor and middle class with illusory currency inflation putting them into higher tax brackets

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