truthaction.org

[chek NI]

As I haven't yet seen a comprehensible Cliff-notes style version for those as economically challenged as myself regarding the current bad news from every direction, here's one explanation I readily understood.

Politically, remember to relentlessly point out that those of whatever political stripe who championed deregulation and particularly financial deregulation directly contributed to the Nothingness Bubble®* that characterised late 20th Century western (and thus global) economic theory.
*Yes, I'm planning to register it. Two hundred years from now, assuming we're not back in animal skins, it's my shot at immortality.

"Finally, to control the production scattered all over the world, a sophisticated financial system had to be constructed. With time, it started taking on a life of its own, produced by a fictitious economy with the profits of financial institutions depending not on real production but on intricate financial transactions.

This resulted in a big number of disproportions in the world economy. Investment in the financial market surpassed corporate capital, while the funds accumulated in the financial bubble exceeded the money in the real economy by many times.

As a result, an attempt to mothball the problem ended in failure. Having reached the limits of growth, the financial system collapsed and triggered the current economic turmoil."

http://en.rian.ru/analysis/20090108/119294610.html

[YT]

Hmm, well...

I still don't get it.

But Nothingness Bubble® sounds wonderful.

[chek NI]

In that case, I guess it might be likened to a souped up game of global Monopoly, but with added features available such as projected future earnings on absurd levels of projected development of your utilities and properties being accepted as additional tradeable commodities betwen the players.

But with the twist that you could take your pretend game money out into the real world and buy real assets with it.
Such as big chunks of third world countries like, say, Paraguay. And people have to accept your Monopoly Money as legal tender because that's the mechanism that has been decreed necessary to regulate the globalist's economy.

The main thing being that the 'money' built up in the course of the Monopoly game has lost any relation the actual values out in the real world which are still based on the value of labour and property, as opposed to the speculative game values.