Friday, February 19, 2010

Is the World Economy on the Brink of Collapse?

Even though the world greeted his appointment as the first ever full time president with slight misgivings Herman Van Rompuy may not be the non starter we originally thought him to be.

Alan Franklin of the freepressonline.co.uk website has said their will be an economic global collapse in 2011, and just yesterday while watching Sky News I had learnt that California is absolutely broke, and that if Barak Obama continues on with his uncontrolled spending the whole of America is also set to collapse.

Now look what is also happening in Europe and Greece in particular.

BRUSSELS – Will the European Union use Greece's debt crisis to claw more economic power away from its member governments?

With the euro shaken by fears of a possible Greek default, the European Union's new president is seeking more authority over the economic sovereignty of its 27 members — which could limit member's spending on welfare and curb worker protection.

Such a push, eating into the economic sovereignty of its 27 members is sure to draw opposition.

It is a bold move for the unprepossessing President Herman Van Rompuy, a relative unknown whose ascension to the post last year was widely greeted with a yawn and as a signal that Europe was not prepared to choose a major figure who could outshine French, German or British leaders on the world stage.

The world economy is on the verge of disintegrating and isn’t a global economic collapse a perfect formula for the AC to gain the power to needs as he is able to claw the sovereignty and independence away from respective member nations by finding a solution to their economic woes just as Van Rompuy is trying to do at the moment?
The first ever full time EU President Herman Van Rompuy

I am not saying that Van Rompuy is the AC but Barry R Smith may have been right when he said the AC was the EU president, time will tell.

Remember Van Rompuy was chosen as the first ever EU president simply because of his genius in lifting Belgium out of the economic crisis that it had fallen into, and all in just 12 months, food for thought at least?

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