THE ECONOMY IN 2012

Sao Paulo in Brazil (http://www.fotosedm.hpg.ig.com.br/)

The quotes below are from the January 2012 edition of the UK's Money Observer.

1. The world economy has been growing very fast.

"The world economy... is set to reach $70 trillion by the end of 2011."

"Only a decade ago, the world economy was only $32 trillion."

- Iain Murray

Indonesians

"The people of Asia are motivated and driven."

- Jim Rogers.

BBC News - the Brazilian economy has overtaken the UK's

By 2020, Britain's economy is likely also to have been overtaken by Russia and India.

By 2028, Brazilians will enjoy a per capita income equivalent to Britain's.

John Kampfner: Brazil's success heralds the new world order

A favela in Niterói city, Brazil by Zimbres

2. Countries such as China, India, Indonesia and Brazil may see pressure for big wages rise.

"China has been growing at 9 - 10% a year...

"I suspect the sustainable growth rate will be 4 - 5%."

- Bruce Stout.

China - Website for this image

3. The US economy is in trouble

"The Chinese have plied the greedy and gullible American public with temptingly low-cost goods and supplied the cheap finance which has lured the US government close to fiscal ruin."

- Barry Riley

"The US is the largest debtor in the history of the world."

"The US will default one way or another."

- Jim rogers
Website for this image

4. The problems of Europe may not have too big an effect on the USA.

"US companies only have 15% exposure to Europe (revenues coming from Europe)."

- Ruth Emery

"The US is a fairly closed economy - exports account for just 10% of its output."

- Heather Connon

Website for this image

5. In the long run, commodities such as timber, silver, and wheat may be a good investment.

"Reserves of all commodities are falling by 6% a year."

- Jim Rogers.

Goldman Sachs sold $250 million of BP stock before spill.

The Pentagon takes an interest in economic warfare.

And BP may have been a US target.

In March 2009, the Pentagon sponsored a war game focused on economic warfare. (Pentagon preps for economic warfare - Eamon Javers - POLITICO.com)

"This was an example of the changing nature of conflict," said Paul Bracken, a professor and expert in private equity at the Yale School of Management.

One might ask: DID AMERICANS SABOTAGE AIR FRANCE 447?

In February 2010, Wayne Madsen reported that "the Obama administration authorized the anti-Toyota campaign as a warning shot to Japan over its reformist government’s insistence that the U.S. pull its military troops out of Okinawa." (Obama waging economic warfare on several fronts, including Japan)

therearenosunglasses/ asked Is the US Waging Economic Warfare Against Corporate Foreign Competitors.:

"It would seem only logical... for a puppet president to order covert attacks upon foreign competitors. GM (government motors) has now pulled ahead of Toyota...

"BP has fallen from its formerly unassailable status as world's top oil company and may be subject to "hostile takeover."

"The fact that the Deepwater Horizon explosion has been blamed on faulty sealing work on the seabed drill hole done by Halliburton (Cheney's company) should set-off alarm bells.

"It is worth recalling here that Halliburton was at the center of another international/environmental catastrophe, the Kuwaiti "cross-drilling" operation that ignited the 'Gulf War' and the resultant hundreds of oil well firings."

Was BP sabotaged?

We will see more economic warfare.

We have just seen the fast growing economies of Tunisia, Egypt and Libya wrecked by the CIA's Arab Spring.