“Time spent doing whatever it is you do to escape your daily life would be better spent acquiring a life that needs no escape.”
― Shaun Hick (Author)
The world is descending, through a series of events, into a realisation it has never had before. In the realms of politics, commerce, religion, and sociology, people are being forced into situations that bring them face to face with a reality that is as savagely cold and factual and down-to-earth as anything could be. Some recent examples are the vigorous and highly public efforts to pursue politicians, dignitaries, movie stars and producers, etc., who have been found guilty of lying, cheating, embezzling, murdering, or in other ways sinking to depths of unpardonable immorality.
But there are other, more sinister, more deeply felt and pervasive declines in commonly accepted human standards. One example is the greed and rapacity of the commercial system of things. Perhaps in more than most other areas of human endeavour, this underscores the essence of the argument presented in this article. Also underpinning this argument are the following examples: the costs of the trade war initiated in 2018 by the American President, the unmanageable ballooning world debt of a size having long ago reached dizzying proportions, the grossly over-valued stock market, the half a quadrillion US dollars worth of the world’s speculative derivatives, to name just a few.
Some observers have regarded the financial crises experienced by the economic systems as ‘normal’ occurrences due to “cyclical factors”; for example, the boom-and-bust cycle characterised by the ups and downs of the stock market. Discussions of this kind centre around the recent major financial downturns that all end in the number eight – 1988, 1998, and 2008, for example.
However, such discussions are based on the misguided belief that the economy of the world is somehow a naturally occurring entity; that the condition of the world’s financial systems is in some way “normal.” This is not the case. Economists agree on this one thing: the world is now, for the first time in its history, in dangerous uncharted territory. There is certainly nothing normal about the situation the commercial system of things has found itself.
This is underscored by the fact that, without any doubt, this system is purposely designed to reward the avaricious. And the propensity for greed and protectionism will be at the root of the cause of the collapse of many of the key components of the economic system. There will be no winners in the war to save the world’s financial system.
And there will be no Hollywood-style apocalyptic end for this system! Its concluding “moments” will be punctuated by a gradual erosion of confidence in an economic system that is intrinsically flawed — that is, flawed *by design*. This is made evident by the unimaginably large artificial tools deployed by the world’s banking systems in an effort to shore up the stock and bond markets and the banks themselves (see the latest news on Germany’s Deutsche Bank). These tools include injections of money measured in multiple trillions of Dollars / Sterling / Yen, and other major currencies. Without the continuous use of these injections, according to many prominent economists, the crisis of 2007/2008 and its aftermath would have brought the monetary system to its knees long before now. But even these tools have failed. The major central banks have reduced, even eliminated, these measures. According to these economists, a collapse — on a scale anywhere from severe to critical — is inevitable.
But the major powers of the world will not allow the system to fail completely. They will pour still more money into the system to a point where their currencies will be irrevocably devalued. At that point their most valuable physical assets will be used to shore up the underlying value of the currencies: gold, silver, precious gems. And which entity owns an especially large supply of these … ?
This realisation of the root causes of this outcome will occur to the world like a gradual unveiling — a rude-awakening into a reality that has always been present, yet never seen, nor even understood by the majority.
What will this mean for the world? Stay tuned for Part II of this article.