Sacramento, CA, June 15, 2012 --(PR.com
)-- The looming economic crisis confronting the world in 2012 is massive and has the potential to severely cripple the global economic system. With each passing day, the economic drama gets elevated with more suspense and uncertainty. What is the ultimate solution to Europe’s sovereign debt problem? Is America facing an economic catastrophe of its own? Will peak oil and the shrinking supply of other natural resources derail the global economy? These are some of the issues discussed in Global Economic Collapse: The Great Depression and Recovery of the 21st Century, a book that looks deeply into the collapse but also evaluates the significance of the Information Age Revolution and its role in the transition and subsequent recovery era.
For over two decades, author Khafra K Om-Ra-Seti has been closely following many of the issues discussed in Global Economic Collapse. As a self-proclaimed futurist and economic thinker, Om-Ra-Seti sees a world bordering on economic calamity but also understands that our world has the technological genius to create the conditions for a massive transformation after a period of purgatory. In biblical terms, the author informs us, “No one knows the hour or the day when the final reckoning will begin.” His convergence theory indicates that we are at the end of an accumulation of enormous debt (both public and private) and that we will witness a meltdown greater than 2008. One scenario indicates that the music will stop when the world’s reserve banks can no longer print more money, when stimulus programs fail to generate positive results and when creditor nations stop funding the chronic debtor countries in the West.
This book presents five case studies of boom and bust cycles, providing chronicles of the events as they happened. The reader is presented with significant factors that gave rise to the boom periods and the subsequent bust fallouts. The author makes the case that the journey traveled through these boom and bust periods helps us to better understand the historical paradigm that now dominates the global economic system. What emerges from the historical data examined over the past century and what forms the foundation of much of Om-Ra-Seti’s thesis is what he calls the Grand Convergence, the confluence of a diversity of economic forces bringing about a manifestation of creative destruction and global economic collapse.
Om-Ra-Seti’s interdisciplinary research and approach seeks to arrive at the truth embedded in a number of factors that are coming together in epic proportions: the global sovereign debt crisis; the rise of China; America’s mountain of debt, domestic economic decline and its bloated military budget; the intensity and impact of unknown economic X factors such as natural disasters; and the continued emergence of the Information Age Revolution. These very powerful economic and natural forces will collide to bring about collapse and massive disruptions to our modern civilization. We will witness the rise and fall of nations, technologies, and economic systems and models that are part of the creative destructive nature of capitalism. 2012 represents the beginning of the economic end of an era but not the end of the world.
Global Economic Collapse is now available Kindle version) at http://amzn.to/M2R6x7 . The publication date for the paperback version of the book will be announced in the month of July.