Starting with unsurmountable debt and regulative pressures in Europe we have to get prepared for the next crash that will hit us globally, most likely when everybody realizes that the "solution" that was negotiated in Brussels in early December 2011 will only create more institutions, government and confusion.
Poltical changes in France, Greece and Germany confirm the pressures to find a way out of the crisis.
But is austerity versus deficit spending all there is?

The lost decade(s) of Japan is being experienced in Europe for a while (listen to my interview with John March in 2009) and it is already starting to hit North America.

It is time we start talking about solutions to the crisis and not possibilities of an extension of the agony.

What about a sustainable solution?

For something refreshingly new and tied to our needs read my new book to learn about out exit strategy to the economic challenges, an alternative to the paper standard: The Missing Link Why Monertary Systems Must Fail (Papyrus Publications, July 2011, second edition February 2012), 

To hear more about the European Crisis, visit David Alpern for your ears only, on Sept. 25th 2011 
broadcasted to 17 countries.

http://www.podcastbunker.com/podcast/podcast picks/for your ears only/

and,  the Fairness Doctrine with Patrick and Chuck (www.fairnessradio.com) on December 8th 2011 and January 30th 2012

Today there was a coordinated intervention of 6 major central banks to provide unlimited funds to European Banks. Stockmarkets were happy about this move, but is there really a reason to rejoice?
Again, more money is being released into circulation while job growth and a general recovery seem too become goals far out of reach.

When will the global system become so debt ridden that even massive intervention from central banks will be useless?

Well, I can tell you when.
When you cannot use low interest loan facilities in whatever form anymore, when gas prices and food prices increase more and more, when money is losing its value, that is when. Read my new book about the exit startegy!

Click Here to Listen to Live Interview With Leslie Marshall

http://www.youtube.com/watch?v=vIEY5Scsxqc

First, I wanted to take this opportunity to thank all the wonderful people around the world who have sent me thank you notes, questions and shared their points of view.

The worldwide financial crisis that we are still facing is becoming more and more serious every day.
Now not only institutions, but countries are defaulting.
Greece defaulted twice within a very short period of time because of double digit loans that could not be repaid. Commercial banks that delivered the financing from the European Central Bank  profited incredibly. They are still continuing to do their daily business, did anybody blame them?
Greece is a small country in terms of GDP, people might say.
Portugal was rescued by an equivalent of a one percentage point increase of the German GST.
Ireland and Spain are still suffering, but now Italy is keeping the media busy.
Just to put things in perspective:
Italy owes 2 trillion, the USA 14 trillion dollars.
One has to wonder whether there is more unaccounted debt.

So what will happen in August 2011? Will the American Constitution be changed, altered, softened...enhanced? I think enhanced is a nice word!
So the nerve-racking question remains: What will happen? Not too much, I guess.
The debt ceiling will be just increased again.
The moral of the story is and will remain the same, plain and simple: broke is broke!
One day though, the whole house of cards will collapse, and then what?
We have to be prepared not to fall for end of the world manipulations.
Every crisis can be overcome.
Monetary reforms, for example, always played a big role throughout history to resolve unsurmountable debt/ political situations. So the introduction of a new currency will be discussed in the future.
But people might ask for a more sustainable solution this time, before another generation will run into similar issues along the road.
The only viable long term, but unpopular solution is to master the missing link between the monetary press and the actual production of goods and services.

Barter is presenting already an answer to this question, but can solve the problem only to a certain degree and - of course - at the expense of real growth.
Read my upcoming book: The Missing Link - Why Monetary Systems Must Fail and be positive!

Does Monetary Policy still work when countries are devaluating their currencies to gain a competitive advantage, i.e. beggar my neighbour policy? Excessive use of the monetary press and spare capacities are reminding us of the great depression
Are we doing anything different compared to the old days?
History has proven that quantitative easing and increased protectionism won't work!
All the while, mergers and aquisitions are absorbing enormous amounts of  money, but where does the real economy stand?
Speculation is driving the markets. Where to, my friends? Over the edge! Even giants need sustainability and consumption.
The solution is simple:
We need a new economic approach, a focus on quality management instead of dinosaur evaluations.
Communities have to solve the issues. Sustainability is key!

A sustainable recovery can only be achieved if communities, companies and individuals are seeking strategic alliances with those that can match their needs and by working together.

Hard hit agriculturally dominanted communities in Florida, California and other places can provide others with food in exchange for clothing from the suffering textile industries in New York. In order to facilitate barter that stands at the beginning of this process.
A pool/ stock exchange can be set up to monetarise the goods and services being traded. This can be extended to the high tech centers with slowing business to the heavily hit manufacturing base in Detroit and other places.

So now you give it a try ,and ask yourself the folllowing questions:

1. Question What do I/we have to offer (products, services)?
2. Question What do I/ we want and need in order to reestablish growth in our company/ community?
3. Question What are my/our tools, timeframes and goals to achieve financial freedom.
Contact me if there are questions. I will be pleased to help.

Go to my home page Papyrus Publications/ Beckonomics.com and check out my latest publication -
The Action Plan For Communities to Gain Financial Freedom.
On my webpage you can also order A Rescue Plan For For President Obama - 7 Steps to a Win-Win Economy.
Note: It is not available in stores or on the net.
You can order it by emailing store129@theupsstore.ca , please provide your shippping information as well.

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