The United States stands upon the brink of entering uncharted territory in many areas of national movement into the future. Economy is one such area. America’s Out of control momentum–generated by credit and market crises since the 2008 elections– pushes the nation toward a destiny the experts talk about but seem unable to comprehend, much less predict.
Uncertainty about petroleum and the end game for that critical commodity has for the moment left the forefront of national and international crises. But, don’t be lulled into thinking we’ve heard the last of extremely troubling energy prices that are tied up to that finite resource. America, the most dependent of all national oil-dependent entities, is but a Middle East crisis away from suffering problems even greater than the oil crisis of a few years ago.
Both matters are, of course, inextricably tied to one another. The petroleum crisis, mixed in with the monetary/credit fiscal affairs of all nations, means unprecedented global solutions are forthcoming–are already on their way, as a matter of fact. The resolution, or at least rational ways of dealing with this new global paradigm upon the brink of which America stands, almost certainly revolves around whether there is war or peace in the Middle East.
According to recent statistics, with America’s Gross National Product (GNP) down and consumer spending moving downward because of loss of confidence in job security and other economic realities or perceived realities, the nation seems to be in perpetual recession. European economic experts in some quarters say that some parts of Europe are definitely in deep recession. Business and consumers alike are looking to what the future holds with regard to projected economic circumstances and financial instrumentalities that might be employed to bring forth brighter prospects. When the gurus of global economics look at potential Mid-East turmoil, one thing stands out: There must be peace in the region for the world’s economy to get better, and stay better.
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