Chinese, American, UK, German, and Japanese international banks effectively control most of the world economy and no bank is dependent on the financial health of one nation. This means that jobs are being outsourced to nations with the lowest cost in energy and lowest labor costs and greatest natural resources. In effect jobs are being outsourced to nations which bring back the largest profits on the manufactured goods.
International banking and corporations, robotization, standardization of parts, and the internet are concentrating the money into fewer and fewer hands and waging war on the middle class which is the big looser in most developed nations.
The reason there is minimal inflation in the United States despite an increase in the deficit by 4 trillion dollars since 2009 is that most of the money was not spent in the United States but went overseas to pay off bad American bank high risk loans to foreign banks, corporations, and countries. The debt burden is being squarely placed on the shoulders of future taxpayers or the middle class and the upper 1% which is paying about 40% of all taxes.
Ultimately those countries in the future who will be prosperous will be the most efficient economies which use the least amount of energy, pay the lowest wages, have an abundant healthy food supply, many natural resources, and can balance their national budget and even show a profit by becoming more efficient bureaucratically.
The United States inefficiently uses energy and can’t balance the national budget largely due to deficit spending, an unfavorable trade balance, and unjust special interest bureaucratic laws. It is trying to rule the world with the American dollar and is not doing a very good job of it because other nations know that the United States is printing counterfeit dollars which is devaluing the dollar and making other nations reluctant to do long term business with America and American companies.
To be competitive in the future world economy most of the population will have to move to the big cities, use economic transportation, be heavily robotized, have many humans on welfare, and have a relatively small middle class. It will look much like a third world country with relatively few very rich at the top, a small middle class, and the majority living at or near the poverty level and on welfare.
In the future a highly skilled technological elite will be the ruling class and most of the population will be out of work and on welfare. The political system of one citizen one vote will have to be changed or the working class will become the slaves of the welfare class with more votes who will vote for more and more luxuries thus effectively enslaving the working class. Democracy, national laws, and the constitution in its original form will have to be radically updated because of modern economic and technological realities.
CONCLUSION: The future does not look promising for the middle class and if you are young then the chances will be great that you will be on some form of welfare for at least part of your life much before your retirement years. I hope that this depressing prediction will not happen but all economic indicators are showing that my prediction is a very probable scenario.
The emphasis on international optimal profit is devastating biodiversity and more importantly healthy food biodiversity which is essential to the long duration survival of humanity.
If the international banks were smarter then they would preserve and expand wilderness areas and invest heavily in organic farming. Ultimately the survival of humanity will depend on a safety net of healthy wilderness animals and plants when profit motivated technology devastates the health of the domestic food supply and makes it inedible or unhealthy for human consumption.
We desperately need a long duration investment by international banks in healthy food and wilderness areas which will pay off or profit future generations. Banks hell bent on short duration profit are endangering the future survival of humanity on the face of this precious endangered earth!!!!!!
We need healthy food much more than we need cheap monoculture standardized unhealthy food which is what the optimized short duration profit motive is giving us. Food is not just money but has intrinsic complex value greater than pure numerical money and it should be healthy and not cheap or made with the minimum input of money so that profits are the largest. Quality healthy food should not be cheap and it should be consumed by as many healthy humans as possible.
Priority number one for humanity is healthy food and drink and it is the most valuable long duration investment which can be made on this planet. To be truly complete and realistic the long duration investment must include the expansion of wilderness areas!!!!!!
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