An era of interesting paradigms<br />//<br />Theother perspectives<br />of the <br />American economy<br />Taufeeq M<br />...
Content;<br />// Historyof American economy<br />// Present situational analysis<br />// Implication outlook<br />
// But Why?<br />   Era of;Western economic philosophies<br />
“<br />   I believe that banking institutionsare more dangerousto our liberties than standing armies.<br />“<br />   -Thom...
“<br />   It is well enough that people of the nation do not understandour banking and monetary system, for if they did, I...
1. // Historyof American economy<br />
// key western economic philosophy<br />
“<br />   Give me control of a nation's money supply, <br />   and I care not who makes its laws.<br />“<br />   -Mayer Am...
“<br />   Who controls the food supply controls the people; <br />   who controls the energy can control whole continents;...
//  what is money ?<br /><ul><li>Originally money: medium of exchange
Includescommodity exchanges (ie; barter)</li></ul>1<br />
// papermoney<br /><ul><li>as early as 16th century
used as receipts (a form of exchange)
nointrinsic value</li></ul>1<br />
// papermoney<br />=<br />1<br />zimbabwe<br />
//  the federal reserve system <br /><ul><li>Created 1913
a private entity not subject toaudit
advises US government on economic policies</li></ul>1<br />
//  the federal reserve system <br />1<br />
// gold was replaced<br /><ul><li>1945: Bretton Woods Agreement
USD replaced gold as reserves
1971: Nixon shock - terminated convertibility of the dollar to gold</li></ul>1<br />
// recessions & depressions<br /><ul><li>as many as 47 recessions in the United States 
11 recessions between 1945 and 2001</li></ul>1<br />
// recessions & depressions<br />1<br />
// recessions & depressions<br />1<br />
// recessions & depressions<br />1<br />
2. // Presentsituational analysis<br />
// western economy is fallible<br /><ul><li>coterie of colossal debt nations (Ireland,Greece,Portugal, Hungary, Latvia,Rom...
Ex-Chief Economist, IMF: complex financial products would plunge the globe into crisis
US debt $14 trillion</li></ul>2<br />
// western economy is fallible<br />2<br />
// western economy is fallible<br />2<br />
// western economy is fallible<br />2<br />
// western economy is fallible<br />2<br />
// western economy is fallible<br />2<br />
// what happens then?<br />Who pays the debts?<br />2<br />
// Who pays the debts?<br />2<br />
// US exorbitant spending<br /><ul><li>highest military spending in the world
2007 consensus study;- 6,600 times more Americans die from Heart Disease thanTerrorism- Terrorism related deaths: 68Heart ...
// US exorbitant spending<br />2<br />
// US exorbitant spending<br />2<br />
// US exorbitant spending<br />2<br />
// Economic collapse<br /><ul><li>Dr Marc Fabers
predicts economic collapse of Western society …due to large debts, government debts and private debts alike.</li></ul>2<br />
// Economic collapse<br /><ul><li>Jim Rogers
”You cannot spend money you don’t have, you cannot print money you don’t have….you ruin your currency, you ruin your econo...
// Economic collapse<br /><ul><li>Gerard Celente
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// The other perspectives of the American economy

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An compressed alternative outlook into the historical Western economic philosophies, its present situational state and its implications.


Link to video of FRS, slide 14;
http://www.youtube.com/watch?v=id04EMU6OIw

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// The other perspectives of the American economy

  1. 1. An era of interesting paradigms<br />//<br />Theother perspectives<br />of the <br />American economy<br />Taufeeq M<br />2011 <br />
  2. 2. Content;<br />// Historyof American economy<br />// Present situational analysis<br />// Implication outlook<br />
  3. 3. // But Why?<br /> Era of;Western economic philosophies<br />
  4. 4. “<br /> I believe that banking institutionsare more dangerousto our liberties than standing armies.<br />“<br /> -Thomas Jefferson<br />
  5. 5. “<br /> It is well enough that people of the nation do not understandour banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.<br />“<br /> -Henry Ford<br />
  6. 6. 1. // Historyof American economy<br />
  7. 7. // key western economic philosophy<br />
  8. 8. “<br /> Give me control of a nation's money supply, <br /> and I care not who makes its laws.<br />“<br /> -Mayer Amschel Rothschild<br />1<br />
  9. 9. “<br /> Who controls the food supply controls the people; <br /> who controls the energy can control whole continents; <br /> who controls money can control the world.<br />“<br /> -Henry Kissinger<br />1<br />
  10. 10. // what is money ?<br /><ul><li>Originally money: medium of exchange
  11. 11. Includescommodity exchanges (ie; barter)</li></ul>1<br />
  12. 12. // papermoney<br /><ul><li>as early as 16th century
  13. 13. used as receipts (a form of exchange)
  14. 14. nointrinsic value</li></ul>1<br />
  15. 15. // papermoney<br />=<br />1<br />zimbabwe<br />
  16. 16. // the federal reserve system <br /><ul><li>Created 1913
  17. 17. a private entity not subject toaudit
  18. 18. advises US government on economic policies</li></ul>1<br />
  19. 19. // the federal reserve system <br />1<br />
  20. 20. // gold was replaced<br /><ul><li>1945: Bretton Woods Agreement
  21. 21. USD replaced gold as reserves
  22. 22. 1971: Nixon shock - terminated convertibility of the dollar to gold</li></ul>1<br />
  23. 23. // recessions & depressions<br /><ul><li>as many as 47 recessions in the United States 
  24. 24. 11 recessions between 1945 and 2001</li></ul>1<br />
  25. 25. // recessions & depressions<br />1<br />
  26. 26. // recessions & depressions<br />1<br />
  27. 27. // recessions & depressions<br />1<br />
  28. 28. 2. // Presentsituational analysis<br />
  29. 29. // western economy is fallible<br /><ul><li>coterie of colossal debt nations (Ireland,Greece,Portugal, Hungary, Latvia,Romaniaetc)
  30. 30. Ex-Chief Economist, IMF: complex financial products would plunge the globe into crisis
  31. 31. US debt $14 trillion</li></ul>2<br />
  32. 32. // western economy is fallible<br />2<br />
  33. 33. // western economy is fallible<br />2<br />
  34. 34. // western economy is fallible<br />2<br />
  35. 35. // western economy is fallible<br />2<br />
  36. 36. // western economy is fallible<br />2<br />
  37. 37. // what happens then?<br />Who pays the debts?<br />2<br />
  38. 38. // Who pays the debts?<br />2<br />
  39. 39. // US exorbitant spending<br /><ul><li>highest military spending in the world
  40. 40. 2007 consensus study;- 6,600 times more Americans die from Heart Disease thanTerrorism- Terrorism related deaths: 68Heart disease deaths: 450,000</li></ul>2<br />
  41. 41. // US exorbitant spending<br />2<br />
  42. 42. // US exorbitant spending<br />2<br />
  43. 43. // US exorbitant spending<br />2<br />
  44. 44. // Economic collapse<br /><ul><li>Dr Marc Fabers
  45. 45. predicts economic collapse of Western society …due to large debts, government debts and private debts alike.</li></ul>2<br />
  46. 46. // Economic collapse<br /><ul><li>Jim Rogers
  47. 47. ”You cannot spend money you don’t have, you cannot print money you don’t have….you ruin your currency, you ruin your economy..”</li></ul>2<br />
  48. 48. // Economic collapse<br /><ul><li>Gerard Celente
  49. 49. Predicts US Economic Collapse, 2012
  50. 50. ”You can’t print money based on nothing. It’s not even Economics 101, it’s Economics for dummies.”</li></ul>2<br />
  51. 51. // US dollar collapse<br /><ul><li>imminent depreciation
  52. 52. some implications for other countries; - devaluation of US securities - devaluation of USD (due to reserve currency)</li></ul>2<br />
  53. 53. // US dollar collapse<br />What will be its worth?<br />2<br />
  54. 54. The solution?<br />2<br />
  55. 55. // gold alternative<br /><ul><li>Bretton Woods era: US$35 /ounce, today: about US$1400 /ounce
  56. 56. gold stays in value; value of money declined significantly
  57. 57. call for gold standards: Robert Zoellick</li></ul>2<br />
  58. 58. // gold alternative<br /><ul><li>Ron Paul: Congressman
  59. 59. Advocating gold standards
  60. 60. Ending the Federal Reserve</li></ul>2<br />
  61. 61. // gold alternative<br />2<br />
  62. 62. // gold alternative<br />2<br />
  63. 63. 3. // Implicationoutlook<br />
  64. 64. // debt economies<br /><ul><li>Niall Ferguson
  65. 65. "imperial falls are nearly always associated with fiscal crisis..between revenue and expenditures.... above all, these crisis are associated with a mounting cost of servicing a huge public debt"</li></ul>3<br />
  66. 66. // regressive model<br />Debt<br />Interest rate<br /> Poverty<br />3<br />
  67. 67. // Summary<br />
  68. 68. 1. //CauseHistory of American economy<br />2. //Resultant<br /> Present situational analysis <br />3. //Effect<br /> Implication outlook<br />
  69. 69. “<br />Education is the passportto the future, for tomorrow belongs to those who prepare for it today. <br />“<br /> -Malcolm X<br />

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