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If Things Were Bad in 2008… What's Coming Will be Far Far Worse
For six years, the world has operated under a complete delusion that Central Banks somehow fixed the 2008 Crisis.
All of the arguments claiming this defied common sense. A 5th grader would tell you that you cannot solve a debt problem by issuing more debt. If the below chart was a problem BEFORE 2008… there is no way that things are better now. After all, we’ve just added another $10 trillion in debt to the US system.

Similarly, anyone with a functioning brain could tell you that a bunch of academics with no real-world experience, none of whom have ever started a business or created a single job can’t “save” the economy.
However, there is an AWFUL lot of money at stake in believing these lies. So the media and the banks and the politicians were happy to promote them. Indeed, one could very easily argue that nearly all of the wealth and power held by those at the top of the economy stem from this fiction.
So it’s little surprise that no one would admit the facts: that the Fed and other Central Banks not only don’t have a clue how to fix the problem, but that they actually have almost no incentive to do so.
So here are the facts:
1) The REAL problem for the financial system is the bond bubble. In 2008 when the crisis hit it was $80 trillion. It has since grown to over $100 trillion.
2)The derivatives market that uses this bond bubble as collateral is over $555 trillion in size.
3)Many of the large multinational corporations, sovereign governments, and even municipalities have used derivatives to fake earnings and hide debt. NO ONE knows to what degree this has been the case, but given that 20% of corporate CFOs have admitted to faking earnings in the past, it’s likely a significant amount.
4) Corporations today are more leveraged than they were in 2007. As Stanley Druckenmiller noted recently, in 2007 corporate bonds were $3.5 trillion… today they are $7 trillion: an amount equal to nearly 50% of US GDP.
5) The Central Banks are now all leveraged at levels greater than or equal to where Lehman Brothers was when it imploded. The Fed is leveraged at 78 to 1. The ECB is leveraged at over 26 to 1. Lehman Brothers was leveraged at 30 to 1.
6) The Central Banks have no idea how to exit their strategies. Fed minutes released from 2009 show Janet Yellen was worried about how to exit when the Fed’s balance sheet was $1.3 trillion (back in 2009). Today it’s over $4.5 trillion.
We are heading for a crisis that will be exponentially worse than 2008. The global Central Banks have literally bet the financial system that their theories will work. They haven’t. All they’ve done is set the stage for an even worse crisis in which entire countries will go bankrupt.
The situation is clear: the 2008 Crisis was the warm up. The next Crisis will be THE REAL Crisis. The Crisis in which Central Banking itself will fail.
If you've yet to take action to prepare for this, we offer a FREE investment report called the Financial Crisis "Round Two" Survival Guide that outlines simple, easy to follow strategies you can use to not only protect your portfolio from it, but actually produce profits.
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Best Regards
Phoenix Capital Research
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We are heading for a crisis that will be exponentially worse than 2008. The global Central Banks have literally bet the financial system that their theories will work. They haven’t. All they’ve done is set the stage for an even worse crisis in which entire countries will go bankrupt."
I'm beginning to wonder about this...
Remember how urgent "shovel-ready" jobs were in 2009?
We heard a lot more about the plight of the damaged middle class back then, and there was a sense of impending doom if the all-important consumer spending spree couldn't be put back on track.
Unless it concerns the mania in obscenely priced shacks, almost no one mentions consumer spending or the real health of the job market, and the resultant income needed to fuel real GDP growth. Even jobs reports are about mere numbers; kinds of jobs and rising incomes appear to be an obstacle too difficult to tackle, and therefore, the level of "acceptable" has substantially diminished. The "new normal" is good enough if the masses are quiet.
And quiet we have been.
Most people see things are not right or the same as they were, and to some degree--perhaps to a large degree--we seem to be accepting our $10-12 dollar-per-hour, minimized future much, much too easily. That kind of exasperated compliance doesn't catalyze profound change, and unless one or more governments, central banks, or fat-cat corporations tries to screw one of their own to gain power over the others, this may remain our steady-state for quite some time. Third world countries can remain trapped in a corrupt tractor beam for generations...and do.
Eventually, people acclimate to their poverty, and stop fighting for better, more prosperous conditions.
THAT may be where we are headed.
Not a mega-crash, but a long, slow decent toward a third-world morass we've come to accept...
m
No one is in any doubt that the Central Bankers have managed to inflate bubbles in a global economy where growth has slowed down to a crawl. The noble idea was to revive economic growth but the money landed up in the markets. With Interest rates where they are, Central Bankers are left without any bullets to fight the next crisis. We may be heading into a long term bear market which can destroy many who are unprepared or failed to evaluate risks appropriately.
Deutsche Bank HQ in Frankfurt raided by police again this morning........
Dear PCR,
at this point everyone with at least half a functioning neurone knows that what is going on is not sustainable, and thus will end at some point, end tragically that is. so the only questions are WHEN and HOW, and not if. just continue to make your calls week in and week out, eventually you will be proven right after 736 wrong calls or so, and you will be the literal "broken clock" that showed the right time when the music stopped. That's it. Now carry on.
cheers
x
ps. good luck to all.
if you haven't see this interview you have missed the best interview I've seen in 6 years.
http://usawatchdog.com/wave-coming-too-large-to-duck-under-warren-pollock/
This guy, warren pollock, is selling nothing, not looking for clients, hasn't written a book, doesn't even have a website. he knows his history. the interview is awesome. do yourself a favor, click over and have a listen.
Meh. I watched the first ten mins. I hate vague, subjective predictions. Everyone of those goofballs is right once in awhile- and wrong most of the time.
A political crisis and a lack of leadership? No shit. We've already had 6 years of that.
excellent interview. thanks for the link.
winter is coming.
Estamos Chingado!!! ...?
Don't need Phoenix Capital's advice to know it's time to hold cash, pm's, ammo and beans.
Phoenix Capital is a shill for the PTB and the TBTF banks, installed here and elsewhere to keep you afraid and hopeful for shorting opportunities. When you take short positions, they jack markets even higher. You didn't think the algos were buying and selling among themselves? Did you?
Why does everything keep stating the debt needs to be repaid...it really doesnt. Debt levels are whats important not the debt itself since all governments roll over there debts. The issue is at what point do debt levels become unreasonable to fund and difficult to roll over.between 60 to 80 debt to gdp is typically the agreed upon level for a country to safely manage its debts without the threat of raising taxation or benefit cuts...unfortunately america is beyond that point but it still doesn't need to repay ALL its debts (plus when you have as much guns as america who is going to force you). America will simply become more draconian in its taxes trying to get debt to more manageble levels while avoiding cutting benefits,cuz well governments love kicking the can down the road.
All debts are paid. Either by the borrower, by the lender, socialized, inflated away, or defaulted upon. One way or the other- they are extinguished but make no mistake mon ami- they are paid.
Debt is a fiction. It exists only as long as the loaning party has the power to compel its repayment. And when that asymmetry of power vanishes, so does the obligation.
Hence the creditors have created the world's largest police state by orders of magnitude.
Oh, and the creditos control what people need to eat... and people need to eat to live.
"If history shows anything, it is that there’s no better way to justify relations founded on violence, to make such relations seem moral, than by reframing them in the language of debt — above all, because it immediately makes it seem that it’s the victim who’s doing something wrong."
-- David Graeber,
DEBT: The First 5,000 Years
Oh c'mon Phoenix Capital, you guys are ALWAYS calling for Armageddon...Not that I don't believe it myself, but no one is sending me their money to manage, you know?
I try every day to imagine in my mind how horrible everything - I mean EVERYTHING - will be when this entire house of cards collapses. You know what - I can't even imagine it. My parents were "Depression" babies and they told me horrendous stories of those times. People today are just not 'built' for what's coming - physically or mentally. I've done things to prepare for myself but when I mention anything to others, they get the 'deer in the headlights' look and start tilting their heads like my dog does when I'm talking to him. This is going to be bad...very very bad.
I guess when it does happen, the'll be a lot of barking. :-)
Economists are people with grand pretensions of knowledge. However, everything they know is wrong yet are either too STUPID or plainly INSANE to realize it.
The economy IS a system. In fact, just the US economy is an enormous system. The economists trying to control it know nothing of control systems. That's because any engineer with knowledge of control systems knows that positive feedback controls never result in a stable system. Yet, the economists use positive feedback to control the economy. Hence, the booms and busts and now the Great Recession. And still they pile on more debt (positive feedback) in an INSANE attempt to revive the economy.
Economics is entirely a pretense of knowledge. The prestigious Ivy League schools and others with Economics programs should be burned to the foundations for the destruction they and their graduates have wreaked upon humanity. Why anyone even listens to an economist is beyond me. Putting them in charge of the Unconstitutional US Central Bank is grossly and willfully destructive to America.
If you took all the economists in the world and laid them end to end, you still wouldn't reach a conclusion.
If all the Tylers (in the world) were laid end to end, they'd be very happy.
I am in awe that you took the time to write that comment.
imagine the economic impact of an emp in light of our govt waging an undeclared war against Russia, imagine the leverage Putin has just mentioning EMP.
2008 was the pre-season. It gave everyone an opportunity to test their strategies and refine their lineup.
The Opening Day kickoff is right around the corner.
A 10th grader will tell you that if the only way to pay debt back is to issue more debt, debts must constantly increase or the system blows up. This is the state of the dollar. The Fed cannot solve this problem because it, itself, is the problem. All it can do is stave off the collapse of debts and the money relying on them. Of course, as the 19th century taught us, changing the denomination of the currency usually causes a wrenching recession and introduces a brand new set of distortions.
I have a $5 trillion platinum coin awaiting deposit at the US Treasury for use in such a situation as the nattering nabobs of negativity prophesize. It's all under control, get back to work.
plus 1 for the spiro t quote
But But But.. they all bought derivative insurance, nobody can Loose..
I think many here would agree, but investment around this is all about timing. So I challenge Phoenix Capital to do some research on the timing/order of the broadest possible range of symptoms and actions in the lead up to prior financial collapses and make quantitative predictions regarding timing. Something along the lines of
"In prior finanacial collapses, growth of consumer credit had slowed on average by N% from the peak M months out from a 10% reduction in the DOW. That condition was met in April 2015."
Any of us may not be clever enough to see these correlations, so I challenge you to use "big data mining" to suggest predictive correlations. This is the kind of analysis I would pay for.
I'm just tired of waiting for the "END" to come. Hurry it up already!
Over-leveraged sounds much better than being up to your eyeballs in debt and sinking fast. From the federal government on down, the debt is so wide and deep it can never be paid off and pretending it doesn't really exists won't make it go away.....
The debt can never get repaid as that would contract the money supply and pancake the economy. Central Banking with debt as money is a Ponzi scheme. It fails as it ultimately creates a crisis of confidence. Everyone eating wanting to eat their free lunch guarantees the outcome. New generations get hoodwinked into accepting this stuff over and over through history. Lather, rinse, repeat...
Of course things can only get worse, I mean, who's going to click on a headline that reads "Things will only get better than 2008?"
Nevertheless, it's true. And I have to admit that I am flabberghasted by the tricks the CB's pull out of their sleeve to keep the Ponzi scheme ongoing. The result can only be a crash history has never seen; the longer one kicks down the can, the bigger the wake-up call will be.
Since the entire political economy has been built on a foundation of governments ENFORCING FRAUDS by privately controlled banks, how would it ever be possible for things to get better?
Since "money" was made out of nothing as debts, in order to "pay" for strip-mining the planet's natural resources, how would it ever be possible for things to get better?
The ONLY headlines that make any sense are those which predict things getting worse, faster ... The All-Star Can Kicking done by the central banks has attempted to continue to strip-mine the planet's natural resources at an exponential rate, as was previously possible throughout the history of the development of Neolithic Civilizations.
Social pyramid systems were always based on being able to back up lies with violence, which became more sophisticated systems of legalized lies, backed by legalized violence, whose most important forms became governments ENFORCING FRAUDS by privately controlled banks, which never is able to stop those frauds from still being false.
It is practically impossible to exaggerate the biggest boom, which will be followed by the biggest bust, predicated upon having been able to strip-mine the planet's natural resources, while turning those into garbage and pollution as fast as possible, through fundamentally fraudulent financial accounting systems which presented that kind of "making a killing" as a good thing to do.
The underlying issues for why things are going to get worse, faster, are the relatively objective limits to being able to continue to strip-mine the planet's natural resources as an exponential rate. As we run into the diminishing returns from being able to do that, the first and foremost places that those are going to show up are in the fundamentally fraudulent financial accounting systems.
For those people who are richer and older, who are situated towards the core, and the top, of the social pyramid systems, they may well be able to continue to enjoy the benefits from strip-mining the planet throughout the rest of their lives, because, after all, it is a big planet, compared to individual human beings' lives. However, the underlying issues have been that the strip-mining of natural resources has been developing at an exponential rate for a long, long time, pretty well throughout all of human history. Therefore, there is pretty well NO UNDERSTANDING of what not be able to continue to do that will mean.
The debt engines, or accelerating debt treadmills, were creating the MAD Money As Debt, in order to appear to "pay" for strip-mining the planet, which misrepresented that as being productive, when it was actually destructive, and always was production being controlled by destruction. Human beings always lived as robbers in their environment, as soon as one perceives them as separate from their environment. The development of totalitarian agriculture, and then totalitarian economics, amplified by the industrial revolution, was always based on "making a killing," always presented as a good thing to do, without any recognition nor admission of the limits to doing that.
Therefore, we are going to rush into the walls of the limits of diminishing returns as fast as we possibly can, and then bounce off of those walls of relatively objective limits, to go over "Seneca Cliffs" whose bottoms we can not now see ... The fundamental fraudulent financial accounting systems running in to the kinds of problems predicted by Phoenix Capital, as well as many others on Zero Hedge, will be able to be postponed for as long as the problems of diminishing returns from strip-mining the planet can be postponed.
"We" (which will not be monolithic, but different for different individuals in different circumstances) WILL reach the relatively objective limits to being able to continue to strip-mine the planet, while turning those natural resources into garbage and pollution, as fast as possible, while misrepresenting that as good things to do, because we were operating through fundamentally fraudulent financial accounting systems, which worked as fractal patterns of "making a killing" through social pyramid systems, that have driven irreconcilable social polarization, and destruction of the natural world, and THEN, things are surely going to get worse than we can currently imagine.
In theory, "we" should develop better integrated human, industrial and natural ecologies. Perhaps "we" eventually may still survive to do so ??? However, what has actually already happened is the biggest boom ever, based upon exponential growth of the strip-mining of the planet, which could simultaneously mostly disregard the consequences of accumulating garbage and pollution from doing that, and thereby convert those natural resources into an exponential increase in the total human population and total human activities ... which is now headed towards causing the biggest bust, in proportion to that previous biggest boom.
All of that was based on fundamentally fraudulent financial accounting systems, which were socially successful because those were actually done through "making a killing," in the sense of the application of the methods of organized crime through the political processes, in order that we ended up with a political economy based upon governments ENFORCING FRAUDS by privately controlled banks. Those debt slavery systems have generated numbers which have become debt insanities. Since the debt controls were always actually based upon the death controls, the crazy collapses into chaos of the debt insanity numbers threatens to provoke death insanities, due the basic ways that everything was built on the basis of being able to GO AROUND & AROUND, to strip-mine the natural resources of a a fresh planet, through fundamentally fraudulent financial accounting systems, that facilitated attitudes of evil deliberate ignorance towards what was really happening, while everyone who could was enjoying their benefits from participating in "making a killing."
Money is measurement backed by murder. One of the basic delusions that most people have indulged in was the extraction was production. However, that was only the dominant delusion because the production of destruction was actually controlling production, but mostly in covert ways. Most of mainstream economics is based upon extreme prejudice towards believing that the economy is based upon production, and that growth in that production was always good. HOWEVER, all of that production was actually based upon strip-mining the planet, in ways that did not have to account for the real consequences, because the accounting systems doing that were fundamentally fraudulent.
The established systems will continue to do everything they can to continue to try to strip-mine the planet's natural resources as fast as possible, while disregarding the resulting garbage and pollution problems as much as possible. Those who are rich and old now, who enjoy more central and upper positions in the social pyramid systems, may well be able to live a while longer enjoying the ways that they were "making a killing" through fundamentally fraudulent financial accounting systems deliberately misrepresenting what was actually happening ...
It is extremely difficult, if not practically impossible, to adequately estimate what are the real limits to strip-mining the planet at an exponential rate. But nevertheless, there can be no reasonable doubt that such limits exist, and that our exponential economic growth has rushed towards those as fast as we could go, while running at an accelerating rate on the debt engine's treadmills, going really nowhere, but deeper and deeper into the ruts of debt insanities, because everything was based on utter bullshit, whereby "money" could be made out of nothing, to "pay" for everything to be done, regardless of the degree to which that way of thinking was actually criminally insane and psychotic.
The series of articles republished on Zero Hedge, such as the one above, as well as similar articles, are relatively correct about the debt slavery systems generating numbers which have become debt insanities. However, those kinds of articles continue to be relatively superficial. The fundamentally fraudulent financial accounting systems are merely going to be the first and foremost places where diminishing returns from being able to strip-mine the planet finally show up ... By the time that happens, it will be way, way too late to adapt in any other ways that for that to provoke death insanities, whose magnitudes will match the debt insanities.
Human beings have been successfully "making a killing" through ENFORCING FRAUDS, which enabled themselves to maintain attitudes of evil deliberate ignorance towards what they were really doing, since the patterns thereby developed through the privatization of the profits, while the losses were socialized, maintaining EXTREME PREJUDICE IN THE FUNDING OF POLITICS. By the time that we reach the real tipping points, where the systems based upon being able to increasingly strip-mine the planet can no longer do that, that exponential growth will have wildly overshot whatever might have otherwise have been sustainable.
Metaphorically speaking, the more successfully that some human beings were able to "make a killing" against other groups of human beings, and thereby the planet as a whole, other groups of human beings were being murdered, as well as the whole planet was being killed. That is really the issue behind the triumphs of the established systems whereby governments ENFORCE FRAUDS by privately controlled banks. The entire political economy has been directed to crash into walls of limits going as fast as it possibly could, while doing its best to pretend that there were no such limits. After that finally happens (in some overall average ways, which will be experienced in different ways by different people) those economic systems will go over the edge of "Seneca Cliffs" ...
It is ridiculously fallacious to continue to believe that strip-mining the planet, while turning those natural resources into garbage and pollution as fast as possible, is not a problem. Rather, every time that some All-Star Can Kicking by the central banks enables that to continue longer, the overall problems automatically continue to get worse, faster! While many people who publish on Zero Hedge recognize some of the superficial problems, very few appear to understand the degree to which their notions about economic productivity growing were always based on operating within the banksters' bullshit world view, where "making money" was "making a killing," without respect or concern for the real consequences of doing that more and more and more ...
THE BASIC PROBLEM IS THAT CIVILIZATION IS CONTROLLED BY BEING ABLE TO BACK UP LIES WITH VIOLENCE. That is what the political economy was really based upon, while being able to get way with lying about that, because of the ways it was possible to ENFORCE FRAUDS. Everything that our social pyramid societies have been doing have become based upon integrated systems of legalized lies, backed by legalized violence, which enabled some people to "make money" by "making a killing" WITHOUT EVER HAVING TO FACE THOSE FACTS, NOR ADMIT THAT, due to the social successfulness throughout history based upon backing up deceits with destruction, which then became political economy based upon ENFORCING FRAUDS.
Every day that those systems continue, so that civilization continues to be controlled by fundamentally fraudulent financial accounting systems, that civilization as a whole becomes more psychotic and criminally insane. That is the underlying predicament behind there now existing quadrillions of units of "money" being used to gamble with, in a virtual world where that "money" exceeds by orders of magnitude all of the same "money" that flesh and blood people use to live with. The established systems of legalized lies, backed by legalized violence, are jumping their rails, so that they barely even bother anymore to become properly legalized. Meanwhile, AROUND & AROUND "WE" GO, stuck inside of repetitive ruts of fundamentally fraudulent financial accounting systems, that make "money" out of nothing as debts, to "pay" for strip-mining the planet continue "making a killing" without any currently apparent limits to how far that is going to do, as those established systems do everything they can to continue to engage in their All-Star Can Kicking.
For all practical purposes, it is a waste of my time to bother to try to point out any of the points outlined above, because the real world operates through systems whereby the ruling classes have been systematically selected to become the most sociopathic psychopaths possible, while most of the people who they rule over have been systematically selected to become so ignorant and afraid that they are mostly too afraid to stop being so ignorant, and so, my discourse is stuck in the same repetitive ruts as real world is!
Overall, we should attempt to develop better integrated human, industrial and natural ecologies. That is theoretically possible. There is no doubt that there are plenty of creative alternatives which could be assembled into alternative systems. However, none of those could actually work without the keystone of those systems of alternatives being alternative death control systems, because those alternative death control systems must necessarily be the lynch pin that holds together the rest of the other possible components. HOWEVER, the existing systems are based on their death controls being most successful by being the most deceitful. Therefore, the fundamental ways that money is measurement backed by murder is pretty well deliberately ignored as much as possible.
The debt controls were always backed by death controls, while that was always denied and disregarded as much as possible. Economics was always a subset of warfare. Production was always directed by the production of destruction. HOWEVER, the ways that the banksters' bullshit dominated the discussion of political economy enabled most people to disregard the ways that the fundamental facts were destruction, while they only paid attention to the apparent production, and their efforts to grow that production, despite all of that actually being based on being able to strip-mine the planet's natural resources.
It is theoretically possible for the human accounting systems to not be as fundamentally fraudulent as those actually are now. HOWEVER, from a practical point of view, it is politically impossible to do that at the present time. Money should be based upon an energy standard, which does not allow Money As Debt to be created out of nothing as debts, and disappear back to nothing, when those debts disappear. BUT, when one thinks through the problems with respect to how and why human beings and civilizations actually operate as general energy systems, it becomes clear that civilizations necessarily operate according to the principles and methods of organized crime, and that the path of least resistance for human energy systems is the path of least morality.
Theoretically, we could build better systems of resistance, which could become expressed as better integrated evolving systems of human, industrial and natural ecologies. HOWEVER, the existing systems are based upon ENFORCED FRAUDS, which get away with deliberately ignoring the laws of nature as much as possible, because the connection between the FORCE & FRAUD is deliberately ignored and denied as much as possible in all public discussions, both by the ruling classes, as well as by most of those they rule over.
To say that it is merely more popular to have headlines which predict things are going to get worse is RIDICULOUS, since it is actually way more popular to continue to indulge in a wide range of irrational hopes that there will continue to be some series of technological miracles which will obviate the need to face the facts regarding the human species strip-mining the planet's natural resources, while that is being "paid" for with fundamentally fraudulent "money." The degree to which our accounting systems are totally perverse and screwed up is almost impossible to fully estimate, since that is based upon the degree to which it was possible to become socially successful through systems of organized lies operating robberies, in which the most important symbolic robbery was how the banksters could engage in the ENFORCED FRAUDS of making the public "money" supply out of nothing as debts for everyone else.
ESSENTIALLY, THE PROBLEM IS THAT HUMAN CIVILIZATIONS NECESSARILY OPERATE AS ENTROPIC PUMPS OF ENERGY FLOWS, WHICH BECAME BASED ON DELIBERATELY MISUNDERSTANDING THEMSELVES AS MUCH AS POSSIBLE, DUE TO "MONEY FOR NOTHING" ACTUALLY BEING BASED ON "MAKING A KILLING."
Dude,
I'm not going to respond to every point in your very thought-out post. There are some of us, many of us that are already starting the reversing process of environmental exploitation.
Using our methods of farming, we could carbon sequester all the carbon released since 1900 in 10 years (for those who care about carbon). Either way, we're making a positive change. Research terms: Permaculture, Geoff Lawton, Joel Salatin, Bill Mollinson. The net of it is we're creating a world of balance. We can balance with natural systems while benefiting them and remain a modern society. It starts with ethics and care of human beings.
Just as all bubbles pop, we have reached a point of structural criticality (like a sand pile cascading down, look it up). Natural forces will demand that critical systems become more local. Leaders will be required to back their own promises with their own blood - this is a very anomalous period of time where leaders don't carry downside, they lead from the rear rather than leading their armies into battle (Alexander, Napoleon, etc).
The best way to win a battle is to win without ever fighting (paraphrased by Sun Tzu). The best way to change civilization is to build your own parallel system and let the old one die of irrelevance. Let's make this system irrelevant.
Thanks for the reply, SgtShaftoe.
I agree with your practical efforts to do whatever an individual or small groups could do. As the saying goes: "Be the change you want to see in the world."
It may be that, in the long, long run, after extremely unbalanced political systems drive their own mad self-destruction, then selection pressures will have enough time to develop something that resembles a sort of "political permaculture."
Nature, given enough time, tends to go through phases of ecological succession, trending over the long-term to favour diversity, due to that being more adaptable, and therefore, able to survive in that longer term. However, all of the apparently dominant, current political trends towards centralization, through monopolizations, that also are trends towards becoming too rigid and brittle, and thus, are NOT adaptable in the longer term.
The degree of concentrated central power represented by central banks appears to me to be a recipe for causing disastrous failures to be able to adapt in the longer term. Many articles republished on Zero Hedge have pointed that out, such as many from Hugh-Smith. Tragically, nature tends to permit the short-term maximization of specialization, including, in the case of human systems, those which are based upon specialization in ENFORCING FRAUDS, through effective monopolizations, which tend towards their own mad self-destruction in the longer term, but nevertheless, can not be effectively stopped from doing that anyway in the shorter-term.
Ideally, we should develop the political equivalent of permaculture. However, for a while we have been rapidly headed in the other direction, due to the short-term successfulness of the established systems of legalized lies, backed by legalized violence, being able to distort everything ... It will be one hell of ride, IF the human species survives through the processes of discovering that the kind of fascist plutocracy that has been developed as the dominant global system, whereby relatively small groups of oligarchs have been able to capture practically privatized control over the public "money" supply, THEN has to go through the processes of being "corrected" by the longer term consequences of having done that.
In general, the kind of runaway fascism that dominates the world's political economy at the present time has become as much the opposite to sustainable diversity as it could be, while it appears to have an agenda to do that even more than ever before, IF it could succeed in doing so. However, I believe that it will fail, and fail spectacularly ... PERHAPS, if so, and if there are enough survivors who have learned something from those experiences, then afterwards there will be more of movement towards political permaculture?
After all, that is what natural evolution has tended to do, over and over again, and presumably, that is what human evolution would eventually do too ... IF we could survive long enough to achieve more of that?