Pointers to Our Near-term Economic Future

'Developed nations' are rapidly leaving the manufacturing economy behind.  What can we expect from our near-term withdrawal from the old economy?  


The BDI tells you a lot about what to expect.  It is an indicator of international trade of raw materials.  Look at the graph  from the 1980's to the present on the page linked below and decide whether what has happened in the last year is 'significant':


http://www.alt-market.com/articles/540-baltic-dry-index-signals-renewed-market-collapse


And what to expect in the Eurozone.  This is dictated by the US-based banks that will continue to make themselves look as good as possible for as long as possible.  


Ellis Martin of www.EllisMartinReport.com talks about the impending undeclared default of five of the major US banks.  Whether the banks have officially run out of money all depends on the very powerful International Swaps and Derivatives Association.  This association is run by some of the same banks.  Listen to this January 30, 2012 audio interview:


http://www.jsmineset.com/2012/01/30/the-impending-undeclared-default-of-5-major-us-banks/

We don't have a say in terms of what goes on in the global economy.  It makes us feel powerless to act.  Maybe the fact that the global economy was designed and is run by un-elected officials in international banks and economic institutions suggests that it was designed to disempower... Who knows?

This is important to understanding and attempting to anticipate our near-term economic future.


The creative economy has become increasingly important.  And its rooted in your neighbourhood, where you have some say in what is goes on.  Adapt accordingly.