The global economy binds together the fate of the international community and all its member nations. It precludes the possibility of a third World War, and exposes individuals all over the world to new ideas, products, and information. Today, the world economy is facing two looming crises.
The U.S., by far the world’s largest and most powerful economy, is completely in debt at the individual, institutional, and governmental levels. The Dollar is at its lowest rate in years, and the fundamental driver of the US economy – the housing market – appears to be coming undone. Well respected investors like Warren Buffet and George Soros, as well as Intellectual Property expert Dr. David Martin, are beginning to warn of a coming economic collapse.
Throughout the developed world, demographic trends that began centuries ago are coming to a point; people are living longer than every before, while having fewer children than at any other point in human history. As the Baby Boomer generation retires, governments with already strained budgets are scrambling to fund the retirement programs they have promised. Most nations find themselves having to choose between raising taxes or cutting benefits, with both options seriously threatening the stability of the modern world.