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Europe Plunges Into Inflation Race

Submitted by Alex Birch on Wed, 07/02/2008 - 22:51.

Money is worth less and less, but not just in Germany and Europe. Prices are rising, in some cases skyrocketing, worldwide. Statisticians in the United States report inflation in excess of 4 percent, while consumers in emerging nations are even worse off. Some countries are seeing double-digit inflation, including 11 percent in India and 14 percent in Russia.

There is no doubt about it: After decades of calm on the price front, a time in which monetary stability seemed assured, inflation has returned as a global problem. "An Old Enemy Rears Its Head," Britain's Economist concludes.

But now the beneficial effect of globalization is being reversed. Emerging nations, instead of bringing down prices, are suddenly driving them up. To keep their economies booming, they need more and more energy. As a result, they compete for oil and gas worldwide, constantly driving prices to new highs.

There never were any "beneficial" aspects of globalization; we knew from the start that it was a push by the global elite to extend its power paradigm, create a race of cheap labour, and exploit what's left on this planet to produce plastic crap. The effects of this would be even worse if we'd try to industrialize the third world (which many deluded people still believe in). This system serves only those who manage it and the middle class in the West is now being wiped out from the economic chart. We need to stop this madness before Europe finds itself in a serious depression. It's not only about people or money, but also about the very future of our planet and its biodiversity. Globalization is death.

Read more: Corrupt Data Document - Globalism

Cut out the middle man

Local Bartering system = Globalist worst nightmare. Boycott these central banks and their worthless paper money!

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