Ever wondered, why and how America is still officially a super-power? Many people still believe, America has something superior to offer, has some extraordinary scientists, latest technology or plays key role in global economy because of their BIG money. This is one big deception the Truth is America and Americans have no money at all, they live in constant increasing debt.
They constantly issue a financial boundaries to keep the economic balloon continue its artificial bloom. In that sense the constant print of American Dollars by the Federal Reserve is in nothing different with what was happening in the Soviet Union. A super-production, too much currency printing and mega inflation leading to devaluation of currency. The effect is nobody wants to buy the Soviets currency because its devaluated = too low value.
The consequence is the low valued currency can buy less goods and therefore people become poorer and poorer day by day because of the currency crash. The only difference between the Soviet Union and America is that USSR decided to put an end to this growing agony which would sooner or later lead to a civilian war or a huge people rebellion. The globalized economy, if its looked from a helicopter view, suffers from the same problem. As the globalized economy is closed economic system in development.
Though in its early stage globalization leads to many goods like, the decrease of goods costs, the bads its produce are way bigger. Just to name a few of the evils of globalization (ever increasing local unemployment), ever increasing costs of labor unbalanced distribution of capitals, increase of sicknesses due to consumption of products being produced with a main goal of making money.
US Debt Increasing deb will surely lead to GLOBAL ECONOMIC COLLAPSE! Besides that "thanks to Internet" and this kind of medias the local physical communities through which the society used to function are being destroyed and this is probably the biggest evil – direct result of globalization.
Actually probably a lot of people do not realize it but Internet and Mobile Phones are the main "increase" globalization tools nowadays. Also a consequence of Globalism is increased need for people to travel in order to their daily duties, this is also having a negative impact on individuals health (traveling too much is not healthy).
Understanding the Financial Crisis – very well explanation!
Probably the worsest of all is the pollution. Increased globalization leads to increased pollution, increased pollution leads to climate changes. Climate changes leads to changes in people's attitudes (climate has a slight effect on human attitude). The changed climate is also one of the reasons for increased depression among people…. There is plenty to be said on America and their puppet like orchestration of countries in order to succeed in America's governors pro-globalist agendas but I guess mostly anyone who is a thinker already has in-depth thought on that too.