A New World Order - Solution to the Economic Collapse?

The current financial collapse has the West hearing phrases not heard before: “exploding deficits” and “devastating inflation,” with the situation possibly getting “worse than the Great Depression.” In the end, the “magnitude of the debacle” may cause the situation to “fragment disastrously” on a global level.

Perhaps the most profound statement heard is that “nations will be redefined and their futures fundamentally altered,” uttered by Rupert Murdoch.

These are sobering times. Uncertainty grips every level of Western civilization.

Families are uncertain whether they will keep their homes. Housing values have plummeted. Headlines of lost jobs are almost daily. Sudden unemployment is knocking on the doors of fathers and mothers with young mouths to feed.

Companies are scrambling to keep solvent, as stocks tumble and opportunities dry up. Many reported near-devastating losses from 2008. Well-known businesses that have thrived for decades are suddenly laying off employees, reporting losses and, in some cases, staring down the barrel of fatal bankruptcy. Icons of Western culture, thought to always exist, may soon be reduced to relics of history.