A rude awakening

From the November 1998 Trumpet Print Edition

Or those who have brushed aside dire financial warnings from smaller publications like The Trumpet, the October 12 issue of Newsweek must have been a rude awakening. Mainstream is now concerned.

Newsweek offered this explanation for why so many news sources have been slow to issue a wake-up call to the impending global financial meltdown: “One reason that few economists predict a recession is that the consequences are hard, even horrifying, to contemplate. If strapped countries can’t sell to the American market, their prospects will deteriorate—and that would further hurt the U.S. economy through still lower exports. Indeed, almost everything would get worse if there were a U.S. slump.”

How typical of Western analysts. The fact that the consequences of a global financial meltdown are horrifying to contemplate is why mainstream should have been sounding the alarm long ago!