ALL ABOARD FOR THE TITANIC! by AIDA PARKER

MAN proposes, God disposes. For years and years the Globalist decision makers - the Insiders, the One Worlders, the Rothschilds, the Rockefellers, the international bankers and finance houses, the giant multinational corporations - have sought to re-arrange all our lives, this in their modest aim to create a New World Order. We have seen the es-tablishment of the UN, the IMF and World Bank, the World Court, the World Economic Forum, The World Council of Churches and so many more: all leading, we were told, to a planetary regime, with a single global economy. And what, at the end of it, have we got? 
  The New Age of Chaos: an age with a global monetary and banking system so unstable and so fragile that the miracle is that it lasted as long as it has. Very few, it seems, even now fully understand the full dimensions of the avalanche that has over-taken the global economy, which threatens to sink us all. But I can assure you that the millennium meltdown is shaping up very nicely indeed.
  Of course, that's not the way the Insiders, their politicians and their controlled press tell it. For them, talk of such calamities, such wipe-outs, are taboo. These are, they tell us, only marginal prob-lems, nothing really for us to worry about. On all sides, the seriousness of the global financial break-down is trivialised; as evidenced by Bill Clinton's exuberant State of the Union address, public opin-ion is bombarded with glowing images of global growth and prosperity.
  The truth is that the world economy has been de-liberately betrayed by the NWO/IMF Insiders, men totally divorced from the most elementary sense of decency and willing to do anything it takes to achieve their world domination goals.
  In this decade we have seen billions of dollars of official reserves plundered by men such as the Rothschild puppet, George Soros, triggering a ruin-ous chain of currency devaluations. Billions of lives have been blighted and destroyed, entire nations are now broken and ruined, the latest caught in this seismic shock, Brazil, which could conceivably take all Latin America with it.
  In 1992 Jean-Claude Trichet, governor of the Banque of France, suggested (only half in jest) that Soros & Co should all be guillotined. A splendid idea. Instead, he is lionised as the "philanthropist of the age." But more of Soros and the Rothschilds later in this issue.
  Jean-Michel Severino, Vice President of the World Bank (East Asia and Pacific) warned a full year ago that the world was in danger of sinking into a long, deep depression. A few weeks ago, the IMF pre-dicted that growth in world trade this year could slump by two-thirds. The London Financial Times forecast in one of its New Year issues that the world economy could be in full recession by July. The Japanese, Russians, Chinese, most Asian coun-tries, Latin America and Eastern Europe are al-ready there.
  From Tokyo to Sao Paolo, entire industries are shutting down and, in the process the world finan-cial system is dangerously close to destruction. In many cases, economic statistics and social disinte-gration are worse than anything seen in the Great Depression. Russia being the outstanding example. Another parallel with the previous great crash: the lack of leadership. There is not a true leader any-where in the world. And not one of them has any real road map to guide us out of this mess.
  Nor is that the end of this drama. Lurking in the wings is the dread Y2K, the computer millennium bug, threatening to take us into dark and unknown territory. And, as if that is not enough, we also have the economic fallout from El Nino, the great weather disturbance that has been creating freak conditions in the global economy over some years. Thanks to El Nino, 37 countries now face critical food emergencies.
  One wonders: just how much more complicated can it get? All the way round, this is a time of blackest pessimism. The bloodletting has begun with a vengeance. Now let's look at some of the most critical flashpoints.
  AMERICA. The day of reckoning for the US is just round the corner. While the rest of the world has been crashing, the US has enjoyed a weird, a totally unreal, prosperity. Judging by the New York Stock Exchange, and Presidential assurances that the economy is prospering as never before (shades of 1929!) most Americans seem to remain blissfully unaware that they are about to be flat-tened by a tidal wave: that they are living in a time of false hope and great deception.
  Anyone who still believes the US can be an island of prosperity and stability in a global depression is kidding himself. The US is the biggest debtor na-tion on earth. The US needs US$50 billion a month in foreign bailouts just to keep going: some $2 bil-lion a day. This is a very high risk market indeed, threatened by a deadly combination of loose credit and a wildly overvalued stock market. Looming events will soon turn the US upside down. Wall Street is a ticking time bomb, not least because of the derivatives bubble. Some estimates put the value of derivatives as close to US$70 trillion, many times more than brokers and banks can cover.
  The New York Exchange is the world's largest gambling casino. Compared with a mere 5% in the Sixties, nearly half of all US households are now involved in the stock market, either through direct ownership of stock, or indirectly through mutual funds, pension plans and the like. Because of the stock market frenzy, more than 40% of personal net worth is tied up in a dangerously over-valued mar-ket. Never before in history have any people been so dependent on the stock market.
  Because of the stock market hysteria, the Ameri-can personal savings rate has gone negative for the first time since the Depression. If Wall Street should fall as much as Tokyo, it would wipe out $6 trillion of wealth or more than $60 000 per family. But the median family has only a net worth of $53 000. Yet they still party on. Suckers still get suckered into the mutual fund slaughterhouse.
  The structural causes of the stock market crisis are seldom mentioned: one of them being heavy-handed rigging by the Clinton administration. Though this is adamantly denied, there is little doubt that Clinton's people, using dummy names and various brokerages around the world, are ma-nipulating the US stock exchange, using taxpayer money to massage the market and keeping it from adjusting downward, so taking some of the heat off Slick Willy and allowing him to continue crowing about his fictitious achievements.
  US industrial output has already slumped to re-cession level as world demand weakens. Reportedly 30% of all US merchandise exports and 40% of all agricultural exports previously went to Asia. These markets (in direct result of America's own financial chicanery) are now fast drying up. The US trade deficit, the worlds biggest, must inevitably get worse. Asian products will get cheaper and cheaper for US consumers. That will still further devastate US manufacturers, already deep in trouble.
  Unemployment in the US is said to be falling; yet the number of people in low wage, part-time jobs has spiralled. Latest bad news on this front; Boeing Aircraft is presently laying off 48 000 workers be-cause of cancelled or too few orders. The $ is under increasing pressure. People are growing increas-ingly afraid to invest in $-denominated assets and are looking for alternatives: the most publicised the euro. Money is fleeing the US to neutral nations such as Switzerland and New Zealand.
  Most alarming: big foreign $ investors are repa-triating their holdings. At the end of 1997, Japan was the world's largest single holder of US Treas-uries, supposedly the safest investment of all. The Bank of Japan alone held more than US$300 bil-lion; China $100 billion (or so they claimed); Ger-many and England $400 billion. These holdings kept the US interest rates artificially low: and sent the Dow into the stratosphere. Now these countries want their money back: and America is going to suffer a really ugly dose of economic reality.
  The respected US publication, Economic and Port-folio Strategy, writes: "The international risk re-volves around the $. The dollar is the most over-valued currency in the world. The volume of our $-dominated liabilities grows every single day. If ever there was an accident waiting to happen, this is it.
  "We are not predicting this unhappy outcome, but those bloated international liabilities are there for all to see. Consider this: The 11 euronations have a net positive trade balance of US$140 billion a year. The US has a gaping external deficit of $300 bil-lion. Against that, how can the $ hold up?"
  To top this, America's leadership upheaval has further damaged confidence at a very bad time. Just as US President Herbert Hoover was para-lysed into inaction by the Great Crash of 1929, and its consequences, so Clinton, beset by personal problems, is poorly placed. Prediction: At some time in 1999, either the US stock market or the US$ - or both - will break, with a speed that will stun the world.
  JAPAN. Just a few years ago the Japanese were the wealthiest people on earth. Today Japan is suf-fering the biggest wipe-out the world has ever known. Only one wipe-out will be bigger: the US. In recent weeks the media made a great to-do about the yen strengthening against the $. The Japanese currency may be strengthening, but the Japanese economy is still ailing, plagued by continuing re-cession, falling prices, a crippled banking system and political paralysis. The Japanese economy is not on the verge of recovery.
  The Japanese banks still have about US$1,2 tril-lion in bad debts on their books. Japan's jobless rate has hit a record all-time high. Profits from Ja-pan's 2 439 publicly listed companies have plunged almost 45%. The yen rising against the $ makes life even tougher for Japanese exporters, as its locally produced goods become more costly on world mar-kets. At a time when Japan is counting on exports to help lift the economy, the best thing for Japa-nese multinationals is a weaker yen, not a weaker $.
  MELTDOWN IN MOSCOW. Everything in Russia is going from bad to worse. Boris Yeltsin is dying. Russia is in a hyper-inflationary depression, his-torically a trigger to revolution. Russia's so-called capitalist experiment has failed. The economy is catastrophic: and getting worse. Like some broken-backed old bus, there is no power left to save the economy, which has shrunk 56% in the past year. Indicative of the industrial collapse: lorry produc-tion has fallen by 80% in the last six months, the manufacture of fridges and freezers by 73%.
  According to official sources, some 300 of the 1 500 Russian banks are to be closed early this year. There is unimaginable devastation and poverty. People's meagre life savings have been wiped out. Population figures are below zero growth because women are afraid to have children. There is a sharp drop in life expectancy, particularly among males: reason, poverty, poor and inadequate diet, violent crime and a massive alcohol problem.
  Disaster piles on disaster. Russia this winter is suffering its worst food shortages since the Ukrainian famine of the 1930s. The total 1998 grain harvest of 49.7 million tons was only half that of the 1997 harvest. Russian agriculture, in bad shape under the collective system, has grown progressively worse under the failed privatisation and free market reforms. Livestock has been slaughtered and people have fled the collective farms, where machinery and land alike are played out.
  In short, Russia faces dramatic shortfalls of food, medicines, coal and oil: of everything except crime, corruption and confusion. Even large companies have reverted to the barter system. In short, Russia has returned to a Third World basket economy, the first major industrial country in the world to revert to a pre-industrial economy.
  The Russian people, unpaid, impoverished, deeply humiliated as their country falls to rack and ruin, are full of fear, xenophobia and hatred, deeply anti-Western and alarmingly anti-Semitic, blaming the US and "the Jews" for having thrown them on the rubbish heap of history.
  In November the Duma (Parliament) blocked a censure motion against a retired general, senior member of the Central Committee of the Commu-nist Party and lawmaker, Albert Makashov. Hold-ing "the Jews" accountable for Russia's woes, he publicly called for their "extermination."
  A motion to censure Makashov for his "harsh, abusive statements" and for inciting racial hatred failed by a vote of 121 to 107. Not a single Commu-nist lawmaker voted for the censure: nor has he de-sisted from his campaign. In a recent broadcast, carried on a New York-based Russian language sta-tion, he rallied his supporters with the cry: "To the grave with the Yids."
  Nor is he alone. The Governor of Russia's south-ern Krasnoday region has called for the "drawing up of lists for the deportation of breeds like the Armenians, Turks, Jews and other undesirable breeds." It seems that many Russians blame "the Jews" for the fall of communism, for the murder of the Tsar and his family and for introducing homo-sexuality into Russia (!). This is a dangerous depar-ture and one bound to be of considerable concern to Israel.
  What's next in Russia? Both the US and the UN seem to underestimate Russia's threat to world peace. Almost all seem to see Russia as a hopelessly crippled bear which poses problems to itself alone. They forget this is the world's second largest nu-clear power. In the old days of communism, the joke was that the USSR was "Burkino Faso with rockets." Now its called "Indonesia with nukes."
  This bankrupt, shambolic nation still holds some 10 000 to 15 000 nuclear warheads. No proper in-ventory of nuclear weapons exists. Because wage arrears for nuclear technicians go back for almost a year, the weapons are at risk of illegal sale. Every-one is afraid that by going down, Russia might be-come both suicidal and homicidal, and downright nasty to boot, raising anew the spectre of nuclear holocaust.
  The First Deputy Prime Minister of Economic Af-fairs says that but for Russia's nuclear deterrent, it would be treated as unceremoniously as Yugosla-via. Last year General Vladimir Belous published a piece in Moscow in which he openly said that there are only 25 US cities with a population of 500 000 or more: and that, by targeting them with nuclear-tipped warheads, Russia could "very easily keep its potential enemy at bay." Generally, Russia contin-ues to upgrade its military hardware in terms of nuclear weapons, missiles and submarines.
  Like the Roman Empire, the old Soviet empire is splintering and Russia will eventually disintegrate into a long series of mini-states. Whatever, there is in present circumstances good reason to fear events in this "Indonesia with nukes."
  CHINA. So recently hailed as "the world's fastest growing economy," analysts now fear this Commu-nist giant is toppling into severe deflationary col-lapse. Officially, the Chinese economy grew by 8% in real terms last year. In fact, Chinese growth is largely fictitious and it looks as if the Politburo is girding itself for an economic trial by fire.
  Under US pressure, Beijing swore it would not devalue the Renminbi. Now the betting is that it will soon follow the Brazilian example. Foreign in-vestors can't get their money out and can no longer repatriate profits. Though Beijing reputedly holds US$100 million in its foreign reserves, there is a growing suspicion that such hard currency reserves have been stolen by the leadership. Major economic worries? A huge accumulation of unsaleable goods produced by loss-making state companies; vast over-building of office space and factory capacity; huge over-capacity in the money-losing steel plants.
  The Chinese government is trying to avoid the Asian catastrophe by replaying Franklin Roose-velt's New Deal. It is printing money at full belt and, in a massive spending spree, hiring the unem-ployed to build roads, dams, bridges, power plants, subways, airports and other "public works." What they do not appear to understand is that Roose-velt's New Deal didn't work.
  US government statistics show that more people were jobless in 1940 than in 1931. But there was a remedy. On December 7, 1941, the Japanese at-tacked Pearl Harbour. The depression ended and unemployment quickly vanished. Maybe its China's turn to attack Pearl Harbour.
  But free markets in China? I am afraid that has become a sick, costly joke.
  EUROLAND: Downplaying Europe's vaunted sta-bility, The Wall Street Journal says growth pros-pects for this 11-nation region are "on a knife edge." Maybe. The euro, once dismissed as a bu-reaucratic pipe dream, has become reality, enjoying a reasonably problem-free global introduction. While European banks have been hard hit by the global financial crisis, most economists and ana-lysts still expect the region to fare better than the US. The statistics favour such optimism.
  Euroland GDP could prove less prone to slowdown than other economies because of its large single in-ternal market. The European Union's population is 370 million; share of world trade, 20.9%; foreign exchange reserves, US$385 billion. America's population is 263 million; share of world trade, 19.6%; foreign exchange reserves, $64.6 billion.
  BRITAIN. Confidence in the Blair government is evaporating as the country faces threatened busi-ness collapse. Commercial confidence is nose-diving at its fastest rate in nearly 20 years. Factory slow-downs and closures, with sharply rising job losses, could soon wipe that smile off Tony's face. The European Commission placed Britain bottom of the league for 15 European member states in its fore-cast for economic growth in 1999.
  Britain has suffered a punishing knock from the world wide slump in demand. UK exports to Indo-nesia and Malaysia are down 55%; to South Korea, 58%; to Thailand and the Philippines, 63%. North Sea oil could become unprofitable if prices remain low too long - say a year. Wages and company profits are falling rapidly, expected to slash tax revenues, leaving Chancellor Gordon Brown short of cash to fund his ambitious three-year planning programme, designed to pump an extra £56 billion into the public sector. How Tony Blair and Brown will cope, with all their spending plans thrown into disarray, is anyone's guess.
  Both Blair and Brown have been urging British citizens not to panic and to keep spending - "failure to do so could sink the economy once and for all." Others are more forthright. The influential UK In-stitute of Directors has warned that "business is bleeding to death because confidence has virtually collapsed, while engineering union boss Ken Jack-son says: "We are in danger of seeing the death of British industry."
  BRAZIL: With this Latin American colossus the new epicentre of the global economic earthquake, a huge problem is exploding in America's backyard: with nobody doing very much about it. Brazil is a key nation to watch right now. It is a crucial mar-ket for US exports and investments, and where the US stake is far higher than in Russia. Brazil ab-sorbs 2% of US exports and depends on the US for about 20% of its imports. What happens in Brazil will radically impact on the American economy.
  And that's not all. With bad times closing in on Latin America's stirring giant, its strong trade ties with Argentina are likely to pull that nation down also. The collapse of the continent's two leading economies could then have a domino effect, and this in a very vulnerable region. The entire trade area is ravaged by weak commodity prices.
  Latin America as a unit needs US$1 trillion just to stay afloat. Mexico, Argentina, Colombia, Peru and Central America are collapsing under the weight of too much debt, the slowing global econ-omy, bad investments and corruption. Poverty -and civil unrest are beginning to cast their menacing shadow over every country in the area.
  Piling agony on agony, recently Hurricane Mitch, one of the worst weather disasters in history, dev-astated much of Central America, with more than 10 000 people killed. In Honduras and Nicaragua, 3 million people - one third of their population - have been left homeless. Due to Hurricane Mitch, Honduras and Nicaragua have lost 70% of their to-tal GDP. To be broken and wiped out right ahead of a major global downturn is total tragedy. Latin America could become Communist America if the West is not careful.
  And all that, really, is just scraping the surface of the devastation and disasters now overwhelming the world and which, together with Y2K, the oil crisis and growing conflict situations, could thrust much of the globe back to the Dark Ages.
  I have been criticised for detailing the growing tragedy, but I feel responsible people want to know the truth, these days a scarce commodity. And this time I present it as a possible warning to those now thinking of leaving this country. Life is by no means ideal here: but in present circumstances, it might well prove much worse elsewhere.