Unfortunately, the majority of analysts continue to put out increasingly worthless forecasts as they fail to understand the true nature of the problem... or rather, the predicament we are facing.
Among the many lessons of empires is one shared by virtually every empire:once the privileged few limit the rise of those from humble origins (i.e. social mobility), the empire is doomed to rising instability and collapse.
As this unfolds, your biggest risk isn’t the crashing stock market or the crashing bond market. Your biggest problem, and also the one most people just don’t see, is political. Your government is by far the most serious threat to your money and wellbeing.
We have the power and the weaponry to change every community, every state and the entire nation without ever firing a single bullet. How is this possible?
"You know I mean look... broadly speaking .... you know... it's not a great choice... an either/or... but... you know..."
Sadly, nations get the leadership they deserve. Turning a blind eye to reality is not a sustainable "solution." Leaders faced with unrest, rising demands and dwindling coffers always debauch their currency as the politically expedient "solution."
Rubio post-mortems miss the point. In the end, it is just more fall-out from crony capitalism.
Correlation does not necessarily imply causation. But during the 113-year stretch of time from 192 to 305 AD when Rome's currency collapse was accelerating, an astonishing amount of Roman emperors (84%) were either brutally murdered or assassinated.
History repeats because the passions of humanity never change from one century to the next. We MUST move closer to absolute oppression in order for the silent majority to get angry and demand change. So until that tipping point is reached, be prepared to lose any concept of human rights you thought you once had. We are not living the “dream” but the nightmare of history.
This is how freedom falls, and tyrants come to power.
"The reason that we’re still here, when we really should have fallen apart based on how much debt there was out there, and various other measures of instability, is that a printing press has turned out to be a great tool for fooling people...but in the longer term gold is a beneficiary of the instability that necessarily flows from borrowing too much money"
What motivates a populace to rebel against a regime?
It is easy to be diverted, distracted and amused by the antics of the presidential candidates, the pomp and circumstance of awards shows, athletic events, and entertainment news, and the feel-good evangelism that passes for religion today. What is far more difficult to face up to is the reality of life in America, where unemployment, poverty, inequality, injustice and violence by government agents are increasingly norms. The powers-that-be want us to remain divided, alienated from each other based on our politics, our bank accounts, our religion, our race and our value systems. Yet as George Orwell observed, “The real division is not between conservatives and revolutionaries but between authoritarians and libertarians.”
"Some 92% of those unaccompanied migrants were male last year... there is definitely something strange going on. More than half of the world’s refugees are women. In World War II, when Sweden took refugees from Finland, they were children and 90% were below the age of 10. But now almost all of them are late teenagers – supposedly; we know many are older for a fact... If you have an open door policy and you are incentivizing Afghans to take advantage of the system, can you really blame them?"
At its peak, the Roman Empire held up to 130 million people over a span of 1.5 million square miles. How could such a powerful empire collapse? Simple, the real effects of debasement took time to materialize... and then exploded.