All this bad stuff we’re seeing has been brewing for circa 50 years – ever since bretton wood (gold standard) collapsed in the 70’s to be replaced by the petrodollar. Weaponising the US$ by Trump (using sanctions and the $ banking hegemony) started the rot followed by worldwide economic contraction brought about by SARS-CoV-2 and now the green agenda.
Quantitative easing (QE) – ie., printing money so that people can (mostly) do useful stuff with it only works when a wordwide economy is growing (just like a ponzi scheme) and people (mainly) do useful stuff (like looking for oil🤔) with it.
But when politicians try to save the world by crashing the worldwide economy the contraction is too disorderly and fast (this has built up over 50 years remember) and central banks (CB’s) have no exit strategy.
In fact CB’s are the problem and if they start fighting to cover their backsides when one collapses – looking at you Japan – we can all kiss our old lives goodbye … sorry … that’s just how it will end.. my advice… buy useful “stuff” while you still can.
I do have some sympathy for the green caucus as we humans are such wasteful slobs these days; however, I wish our political leaders weren’t such entitled idiots! I wish they collectively had more than half a brain between them.
Oh and finally,
before anyone gets all biblical on me without wanting to appear too biblical, the natural cycle of these things is apparently around 4 generations – 300 to 400 years give or take. This seems reasonable to me.
- to build,
- to enjoy,
- to get lazy in (my generation – i’m 56), and
- to destroy.
In my humble opinion, we’re at the end of 3.