What people need to understand is that the free trade paradigm that has been in place for some time has serious flaws in it's basic premise. I will explain in a moment.

The free trade paradigm and a central bank system (Fed) feed on debt. When you get a political system that wants to deregulate a ponzi type central bank system so they can make unregulated amounts of money to the detriment of the citizens you have a recipe for disaster.

The US once was the dominate producer of many of the worlds goods. We were also the worlds largest creditor. As companies took advantage of low cost labor and decreased regulation in foreign countries we started to ship jobs over seas.

There was a general system of taffies in place to to keep countries from damaging the economies of those at a disadvantage. When the US started to move productive enterprises off shore, it was for the benefit of the multinational companies not the citizens of the US of the economy.

In reality the multi national companies were acting to undermine the US economy in a slow process very much like how weather wears down a mountain...in an almost precipitable way.

The US should have put tariffs on the cheap goods imported onto the US to protect our citizens and the manufacturing industries that dominated the US economy.

As for the developing countries, they were put at a disadvantage in keeping their local businesses locally owned. The IMF and world bank went about loaning countries money to build infrastructure that was not necessarily able to generate cash flow to pay the debts. By undermining the finances of these countries, the same multinational companies and banks have been able to purchase the best assets of these countries.

The long term effect of slowly hollowing out manufacturing in the US has been a slowly declining standard of living of the vast majority of US households. This can be evidenced by the need of two earner households in a country that as recently as the 1960's was able to make ends meet on one income. The loss of household wealth has been slow but steady. I believe that the amount of debt that many families have acquired over the last 30-40 years is an attempt to maintain a standard of living that is no longer available based on the productive capacity of the country.

The bankers have been more then happy to provide a continuing steam of debt to the American public and the world. This system of indentured servitude has permeated not only the society, it has become the prevalent economic theory taught in universities.

The Fed, multinational corporate interests and the banking elite have been working since the 1900's to secure their control over the governments of the western world and now the emerging world powers. Their success of controlling the levers of power has been as profound as their ability to hide their agenda from the citizenry.

The ponzi scheme comes to an end when there is no one left to lend money to. This can happen because of a number of reasons. Currently there seems to be a perfect storm ripping through the world system of leveraged finance.

All the years of building excess debt, relaxing of regulations (to profit the companies of lobbyists), implementing free trade to benefit the same multinational companies, allowing a consolidation of media companies, and the teaching of a very one sided view of economic history and theory has lulled the citizenry to sleep.

Some of these items were/are intentional and some the consequence of bad decisions. But their is a body of evidence that points to a broad plan to control the financial world, the media, the governments and the levers of power and ultimately society.

Those that do not know history are bound to repeat it.

A society that has the truth of the intentions of their leaders and the powerful hidden from them are not able to make informed decisions about how to best keep their freedoms.

It is my contention that the average US and World citizen has been intentionally mislead about the state of the would in which they live. Their wealth has been and is still being transfered to the financial elite.

It's time to wake up America....it's not morning in America any more.