Looking at the current economic scenario and all that is culminating on the world political front i begin to wonder is this really all a random turn of events or is it more . Are we seeing something that we saw before ? is history repeating itself?.
During the great depression of 1929 the world faced a similar situation wherein banks defaulted,stock markets crash and we saw black Tuesday, reality was hit bad . But all was not so bad just 1 year ago (1928) the markets were at their peak and the economy was id to be booming.
Deja Vu You say?
We now stand in midst of another depression but its spread has been faster due to globalisation and the effect of a organised electronic media.And just one year ago we ourselves clamored to put in our hard earned money into booming markets in India a
s well as the rest of the world markets.Our Stock market indices touched their life highs. The real estate market was also booming with prices in mumbai skyrocketing. With this increased consumerism, increased the availability and utilisation of loans from banks. We had telecallers begging us to take loans and give out credit cards. We spent so much money and energy that oil prices went from 70$ a barrel in august 07 to 160 in june 08. All this had to break somewhere, there were signs of a depression early in 08 with the US sub prime crisis but we just ignored the signs and then the Lehman brothers filed for bankruptcy and then we realised that the money that the banks were loaning us were so outspent that they just couldn't repay their investors. and with rumors that ICICI bank had stakes in some of these defunct US companies the uncertainties came into India and with foreign investors pulling their money out so that they could pay back their investors a spiral downfall began.
Are we ever gonna learn from history ??? Our history says we dont.
What followed after the 1929-30 depression was a wave of nationalist movements and uprising where as the people were suffering they for the want of leadership followed anything a person said loudly. As trade slowed down, countries became more isolated from the rest of the world and distrust was built as each accused the other of sabotaging their economies. it was during this period that Hitler rose from being small time political activist to Fuhrer, Mussolini rose along with Stalin,Churchill and Roosevelt. People needed leadership and they had them some right some wrong. The 2nd world war began which actually gave a boost to the frozen economy as these same leaders scared the people into giving up their locked up cash set the wheels roiling so that they could make war on their enemies. Power centres of the world shifted and America began a superpower with the USSR catching up.
It might sound freakish to mention conspiracy theories about the Illuminati but many of the events which have transpired are in line with what the conspiracy theorist mentioned as methods utilised by the Illuminati. They scare the people into believing that there is need to fight ,create and new world order ;they create superpowers and control the world using these superpowers and when they feel they need to shift base they create such paranoia.
I personally would never endorse conspiracy theories but in such dire times we might as well give a thought to them as we now have two new centres of emerging powers one a communist nation and one conservative right wing nation who are in a situation similar to the US and the USSR.
During the great depression of 1929 the world faced a similar situation wherein banks defaulted,stock markets crash and we saw black Tuesday, reality was hit bad . But all was not so bad just 1 year ago (1928) the markets were at their peak and the economy was id to be booming.
Deja Vu You say?
We now stand in midst of another depression but its spread has been faster due to globalisation and the effect of a organised electronic media.And just one year ago we ourselves clamored to put in our hard earned money into booming markets in India a
s well as the rest of the world markets.Our Stock market indices touched their life highs. The real estate market was also booming with prices in mumbai skyrocketing. With this increased consumerism, increased the availability and utilisation of loans from banks. We had telecallers begging us to take loans and give out credit cards. We spent so much money and energy that oil prices went from 70$ a barrel in august 07 to 160 in june 08. All this had to break somewhere, there were signs of a depression early in 08 with the US sub prime crisis but we just ignored the signs and then the Lehman brothers filed for bankruptcy and then we realised that the money that the banks were loaning us were so outspent that they just couldn't repay their investors. and with rumors that ICICI bank had stakes in some of these defunct US companies the uncertainties came into India and with foreign investors pulling their money out so that they could pay back their investors a spiral downfall began.Are we ever gonna learn from history ??? Our history says we dont.
What followed after the 1929-30 depression was a wave of nationalist movements and uprising where as the people were suffering they for the want of leadership followed anything a person said loudly. As trade slowed down, countries became more isolated from the rest of the world and distrust was built as each accused the other of sabotaging their economies. it was during this period that Hitler rose from being small time political activist to Fuhrer, Mussolini rose along with Stalin,Churchill and Roosevelt. People needed leadership and they had them some right some wrong. The 2nd world war began which actually gave a boost to the frozen economy as these same leaders scared the people into giving up their locked up cash set the wheels roiling so that they could make war on their enemies. Power centres of the world shifted and America began a superpower with the USSR catching up.
It might sound freakish to mention conspiracy theories about the Illuminati but many of the events which have transpired are in line with what the conspiracy theorist mentioned as methods utilised by the Illuminati. They scare the people into believing that there is need to fight ,create and new world order ;they create superpowers and control the world using these superpowers and when they feel they need to shift base they create such paranoia.
I personally would never endorse conspiracy theories but in such dire times we might as well give a thought to them as we now have two new centres of emerging powers one a communist nation and one conservative right wing nation who are in a situation similar to the US and the USSR.
