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From the desk of the President - Understanding the Nature of the Global Economic Crisis
Published: March 15, 2010

The people have been lulled into a false sense of safety under the ruse of a perceived "economic recovery." Unfortunately, what the majority of people think does not make it so, especially when the people making the key decisions think and act to the contrary. The sovereign debt crises that have been unfolding in the past couple years and more recently in Greece, are canaries in the coal mine for the rest of Western "civilization." The crisis threatens to spread to Spain, Portugal and Ireland; like dominoes, one country after another will collapse into a debt and currency crisis, all the way to North American countries.

In October 2008, the mainstream media and politicians of the Western world were warning of an impending depression if actions were not taken to quickly prevent this. The problem was that this crisis had been a long-time coming, and what's worse, is that the actions governments took did not address any of the core systemic issues and problems with the global economy; they merely set out to save the banking industry from collapse. To do this, governments around the world implemented massive "stimulus" and "bailout" packages, plunging their countries deeper into debt to save the banks from themselves, while charging it to people of the world.

Then an uproar of stock market speculation followed, as money was pumped into the stocks, but not the real economy. This recovery has been nothing but a complete and utter illusion, and within the next couple years, the illusion will likely come to a complete collapse with the potential to start anew.

The governments gave the banks a blank check, charged it to the public, and now it's time to pay; through drastic tax increases, social spending cuts, privatization of state/provincial industries and services, dismantling of any protective tariffs and trade regulations, and raising interest rates.

The effect that this will have is to rapidly accelerate, both in the speed and volume, the unemployment rate, globally. The stock market would crash to record lows, where governments would be forced to freeze them altogether. When the people go out into the streets to protest, as they invariably do and will, their governments will not come to their aid, but will come with foreign police and military forces to crush the protests and oppress the people into submission.

When the crisis is over, the middle classes of the western world will have been liquidated of their economic, political and social status. The global economy will have gone through the greatest consolidation of industry and banking in world history leading to a system in which only a few corporations and banks control the global economy and its resources; governments will have lost that right. This is where we stand today, and is the road on which we travel. What people decide to do collectively at this very crucial point in history will determine our fate.

Yours in Solidarity,
Richard Paquin, President

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