CouldtheWorldandEuropeanFinancialsystemssurvivethisWorldWarIIIFinancial crisisoritistheendoftheWesternCivilizations?

(1888PressRelease)Inthisarticle,Dr.MehenouAmouzousurmisedtheworldisandhasforsometime approachedaWorldWarIII;notsomuchfromamilitaryperspectivebutaneconomicperspectivewith consequencesthataredisastrousanddetrimentaltomanyindustrializedcountry'sinfrastructure. AfewmonthsagoDr.MehenouSatuAmouzouwroteanarticleentitled:"TheWorldFinancialHoneyMoonis Over:DebtCrisisContinuestoWageWaronEconomicPolicy".Inthisarticle,Dr.MehenouAmouzousurmised theworldisandhasforsometimeapproachedaWorldWarIII;notsomuchfromamilitaryperspectivebut aneconomicperspectivewithconsequencesthataredisastrousanddetrimentaltomanyindustrialized country'sinfrastructure.TheensuingphenomenonmayrenderseveralGovernmentsunabletofeedtheirown citizenry. CouldEuropeandtheworldfinancialsystemsurvivethisfinancialcrisiswhichDr.MehenouAmouzoucalls WW3?AccordingtoDr.AmouzoutheslightofhopeliessolelyinthecompetenceoftheWorld'stopleaders andtheircollectiveabilitytoinstituteeconomicreform.SeveralEuropeancountries'citizensstruggletohave onemealadayandtheirhopetoliveisfastbecominghopetodie.Still,otherimpoverishedEuropean countriesaremetwithdailytragedieswhenatleastfifteenpeopleperdayfinditnecessarytocommitsuicide ratherthanstruggleinafutileattempttofeedtheirfamiliesandcontinuetoliveindespair. Thesecitizensareaskedtoendureriotsandothercriminalactivitiesthatareclearlybecomingviableoptions andalternativestotheongoingsubpareconomicconditionthatpersists.Theyhavenofaithintheircountry's governingbodywhichhasquicklyledtochaos.Thebadnewsisthedebaucheriesthataccostthesecitizensis rarelyorneverseenbecausewelackworldmediacoveragethatcanbeusedtoinfluencethepoliticaldecision makerstoforcethemtodevelopandimplementsocialpolicythatwillprovidebasichumanitariannecessities thatwillassistchildren,women;andoldpeople,butwithoutmediacoveragetohighlightthesehumanitarian needs,accesstobasicfoodtoeatonceadaybecomesaluxury. Whentheworldeconomicorganizationsbecameawareoftheimminentfinancialcrisis,trillionsofdollars wereinjectedintocertaineconomies.Whatwasthesocialimpactofthisinfusion?Howhastheinfusion createdwealthorbetterlivingconditionsforitsinhabitants?AccordingtoDr.MehenouAmouzousomewill saywithoutthesefundsconditionswithinthesecountrieswouldbeworse.Adversariesmayrebutthatnothing haschangedandwillfurtherarguethatduetopoliticalatrocitiesthesefundshaveneverreachedthemasses wheremostneeded,butremainconcentratedatthetopofthesocialeconomicladder.Theendresultno matterthecatalystthestrugglebecomesmoreintenseeachsecondthatpassesby! ThisWorldWarIIIfinancialcrisisraisesissuesDr.MehenouAmouzoubelievesgiverisetothefollowing questionsforworldleaders:"IsCapitalismstillawarrantedeconomicparadigm?Arethefundamental teachingsofeconomicfoundingfather;AdamSmithstillapplicabletoday?Lastly,westerncivilizationandits economicpolicy,isitstillthefootprintorblueprintfortheworldtoimitate? GreecehasplayedaveryimportantroleintheWesternCivilization'sfinancialandeconomicimplementation; somehistoriansargueGreecewasthefatherofEuropeanCivilization.Greece'sfinancialproblemoftodayis notareflectiononlyonGreecebutallofWesternCivilization'seconomicandpoliticalleadersandtheir inabilitytopoliceprevailingdownturneconomicindicators.AccordingtoaDr.MehenouAmouzoupublishing atthebeginningofthisyearwherehementionedhowcountrieslikeGreece,Italy,Portugal,Spain,Ireland, England,France,GermanyandotherEuropeancountrieswithweakereconomieswillfaceseriousfalloutfrom printingmoremoneytofinanceexistingdebt.Thisisacircularreactionandcreatesinflation,stagflationand ashorttermsupplyshockthatwillcrippletheeconomyinthelongrun.Thisapproachmirrorscredit enhancement,atsomepointthebillwillneedtobepaid. Dr.MehenouAmouzousuggests,weneedanimmediatereformfortheWorldBankinginstitutions, InternationalMonetaryFund'sandtheMonetaryReformtosolvethisfinancialissue.MostoftheCentral BanksarethesosieoftheinternationalBankingOrganizationwhichhasruledtheinternationalFinancialand Economicpolicydevelopmentandimplementationforseveraldecades.Becausetheyhavebeeninpowerfor

solongtheirpoliciesareold,outdatedandantiquated.ThecaseofGreece,Spain,Portugal,IrelandandItaly, areverypoignantissuestobecarefullystudiedandanalyzedbysomeothercountrieswithpitfallsloomingin theirmidst.Consequently,fartoooften,countriesseethetroublefromtheirdormantperchesbutfailtoactin timetothwartthelongtermramificationsoftheirmisuseandabuse.Thecountriesmentionedabove borrowedmoneytopayfortheirpastdebts;debtserviceandtheinterestswhichabsorbcloseto50%ofthe currentloanforcethesecountriestodefaultonloanpayments.Defaultsarecausedbymanyvariablesthat constantlyrepeatthemselves.Countriesinvestinnonproductiveventures,swapfundsatlessthanprofitable ratesandengageinunsavorypracticesfueledbynepotismandcronyism. Providinganausteritymeasurecanbehelpful,howeverlendinginstitutionsfinditundesirabletoprovidea 100%loanwithassociatedwithfixedandreasonableinterestrates.Theaforementionedcountriesinstead receive50%loanswithhighinterestrateswhichmakeitconsiderablymoredifficulttomanage;thusenabling apotentialdefault.Whenthecountrydefaults,theircreditratingplummets.Thiscausesacircularreaction. Loansagainaremuchhardertoreceiveandaredeliveredwithhighinterestratesandotherassociatedcosts makingtheloanhardertomanagebythecountry;thusdefault.Thiscyclemuststop. Theseborrowercountriesarebecomingmodernslavestotheinternationallenders.EuropeandtheUSAhave injectedseveraltrillionsofdollarsintotheseeconomies;wheredidthesefundsgo?Wehavenocontrolling bodytomonitorandhelpmanagethedeploymentofdevelopmentinvestmentfundsandfurtherassistinthe managementofitsdistribution.Again,thisisanoldparadigmthathasexistedthroughouthistory.Whydo thesesameproblemspersist?Iftheworld'smostprominentfinancialinstitutionsarenotreadytoaddressthis cyclicaldetrimentalturbinethenIurgeyoucallforworldbankingreforms.Doourlawmakersneedtogoone monthwithoutpayforthemtofeelclosetotherealityofwhatishappening? Iaskthequestiononcemore."AreweattheendoftheCapitalism,asweknowitorarewedeviatingfrom ourfoundingfatherAdamSmith'svisionanddefinitionofpurecapitalism?Capitalismatonetimewasthe formulaandstrategyofchoicetoachieveExcellenceforWesternerCivilization.AccordingDr.Mehenou Amouzouithasimprovedthelivesofpeopleincludingcapitalprovidersintheformsofloansandequity participation,butalsoitimprovedthelivesoftheworkforceandthoseindividualswhosoughtloansand partnerstoattaindreams.Bothsidesoftheequationatonetimeworkwithharmoniousintentuntilthe pitfallsofcapitalismbecamemoreprevalent."WildCapitalism"startedtobedevelopedaggressivelyandthe laborer,hisdreamsandworthbecamelessimportant.Thelaborerwasforcedtoacceptthetakeitorleaveit attitudeofmoderncorporations,orwe(thebank/company)willrelocatecompanies/factoriesintoXYZ countrieswhowillacceptthetermspresented. Manytimesthetermsofloanstocountriescanbemanipulatedbyreducingthecostoflaborforproduction andgeneralmaintenance.Thistacticlastsusuallyforafewyears,butwhenlaborcostsbegintorise companieswilldecidetorelocateintoanothercountrytotakeadvantageoftheirlowlaborcosts;continual exploitationofthemanfardownthefoodchain.Theworstthingthatoccursasthesecompaniessearchfor continualcheaplaborandentertherelocationprocessistheexposuretheyinherittocounterfeitpractices. Currently,therearenolawstoprotectthebusinessownersortheirpatents.AccordingtoDr.Mehenou AmouzoutheformulationofagoodEconomicPolicyistheonlycatalystthatcancontributeandsustain developmentintheseimpoverishedcountries.Fromthisnewdynamic,prosperityofthepeoplewillprevail. Dr.AmouzoureceivedhisMasterinBusiness,fromtheEuropeanAdvancedInstituteofManagement,alsoa CertificateinFinanceandInvestmentinParis,France.HecompletedhisPostGraduationworkinPolitical Strategy,InternationalRelationandDefenseStrategiesandearnedhisPh.D.inInternationalFinance. ContributiontothisarticlewasmadebyByronK.Belser.Mr.BelserassistsDr.Amouzouandholdsdegreesin DevelopmentEconomics&Law. ###