6 Reasons for a Depression

Total World Population: 7,000,000,000

China, Population 1,347,350,000
India, Population 1,210,193,000
Brazil, Population 192,376,000
Pakistan, Population 178,927,000
Mexico, Population 112,336,000
Turkey, Population 74,724,000
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Total Population 3,115,906,000

That's right, these six nations represent almost half of the world's population. Their economies are primarily agricultural. Now, thanks to technology from the more industrialized nations, these nations are rapidly industrializing themselves.

The living standards of the citizens of these countries could best be compared to the living standards of the United States in the 1950s. In the 1950s, the larger cities had the conveniences of cement roads, inside plumbing, electricity, and natural gas for heating.

In the smaller cities and in rural areas, though, dirt or gravel roads were the norm, as well as water wells and outhouses. Coal was used for heating and kerosene lanterns or candles were used for lighting.

Compare this to the United States of twenty years later when we sent a man to the moon. Let me remind you that China is now developing a space program to put a man on the moon.

As I said, half the population of the world. The citizens of these countries now see how the citizens of the rest of the industrialized nations live, and they want electricity, running water, cars, refrigerators and computers. They will get these modern conveniences, too.

The governments of these nations have no large debt. The citizens have no personal debt to speak of. These nations will compete with the United States and the other industrialized nations for energy and natural resources. This competition will drive the prices higher, and will force the United States and the industrialized nations into what best could be described as bankruptcy.

Prepare now because:

DEPRESSION IS COMING!