Starting from February 2007 world market is facing what we call enantiodromia. The indices are correcting. It is not known whether this is the final correction but there is no doubt that the bubble has burst and air out of it is gushing out slowly (fast on an extended time frame). The biggest question faced by the world now is whether the bursting of the bubble will bring in a deflationary environment as seeds of deflation are seen already germinating very much within the core of rampant inflation envisaged everywhere. ‘Ke sera sera’ whatever will be, will be, but is it not important to investigate as to how this economic menace could happen unnoticed by all? Was there any game plan conceived by a few nations to make best use of the last bit of the Grand Supercycle that began around 1789? Is it not important to rescan flaws remaining within the very system of capital flow/accumulation and control? The science of war, too, has undergone a sea of change. It is no more a concept of battle of arms restricted to a specific war field. With the advent of globalization the boundaries between countries have diluted. The new warfare recognizes no geographical boundaries. It is clash of finance versus finance with ultimate objective remaining the same: worldwide destruction and impoverishment of the rest of the world. Terrorist activities too come within the ambit of this new framework of warfare that is nothing but deployment of combinations. This is return of World War again. Whether we accept or not, truth remains, World War III is going on, possibly since the year 1982. Having notices the cancer growing underneath the beautiful skin of economic boom one and a half year back, we walked up to several publishers and a renowned university in India to help us send across the message to the millions across the world. Context of the book trashing the economic situation then, made all skeptical to go ahead and publish the same. This prompted me to put this book up in the air as an e-book in an effort to bring this into the eye of the millions that surf the net everyday. Which too did not fair well, and before I could do anything to bring this subject to the eyes of the common man, the debacle occurred. Had it been published at the right time, thousands, if not millions that lost heavily in the economic crash, may have had a way to save something in the landslide. However, as the book sites, there is a lot remaining to happen. Furthermore, the same can be used to avoid similar instances in future.
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
8183.
Find related papers by JEL classification: D53 - Microeconomics - - General Equilibrium and Disequilibrium - - - Financial Markets E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines F02 - International Economics - - General - - - International Economic Order; Noneconomic International Organizations;; Economic Integration and Globalization: General E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy B00 - Schools of Economic Thought and Methodology - - General - - - History of Economic Thought, Methodology, and Heterodox Approaches A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
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