Deleted member 31092
Ascending beyond all time and space
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- Joined
- Nov 19, 2020
- Posts
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The global financial system has been living on borrowed time for perhaps decades, and certainly since 2005-2006. Here's the fundamental problem that no one ever wants to discuss- we have a system that requires infinite growth and infinite debt expansion in a finite realm. We are running out of capacity for growth due to the resource and energy limits of the earth.
Because we are experiencing diminishing capacities for further growth, the central banks and governments are propping up the markets by pumping in trillions of dollars of worthless debt- which is unsustainable, warps the economy, diminishes the purchasing power of savers and wage-earners, and, while delaying the crash for now, will lead to a far more horrific crash later down the line, in the near future. But all this is to keep our unsustainable urban/suburban lifestyles of obscene decadence and consumerism going for as long as possible.
Why have we been able to "get away" with this for so long? People look at Japan and say "well, if they can do it, why can't we?"
Here's the most important x-factor, one that everyone completely neglects: oil.
Oil=the economy. It is energy/oil, not finance, which runs the economy- all economies, civilizations, ecosystems, nations, empires- are essentially energy systems. Without energy, nothing moves whatsoever. Oil is the predominant energy source of today, and there is no replacement for it.
So long as oil production grows, we can "get away" with these grotesque financial manipulations- and global oil production has grown continually since the crash of 08', due mostly to American shale oil.
But the global oil industry is being gutted from within as we speak, due to the thermodynamics of oil depletion. The 2020 medical debacle has only accelerated this.
When oil production peaks and declines, no amount of worthless debt will be able to prop up the market. Paper assets: stocks, bonds, real estate, and fiat currencies, will be worth next to nothing as we witness the mother of all deflations. We will see a global contagion of defaults and economic misery. Central banks will print with a fervour and madness like never before in a futile attempt to save the world but this time it will fail. Printed currency is worthless and will therefore have no effect. You cannot solve a debt problem by issuing more debt.
Without growth, debt cannot be serviced, so it will have to be repudiated in one way or another. The entire world financial system is propped up by debt, however- so once the debt is repudiated, so are the values of stocks, bonds, real estate, and fiat currencies. If you think the year 2020 was bad, it's like Disneyland compared to what's to come.
TLDR: we're headed for the most cataclysmic crash in the history of man.
Because we are experiencing diminishing capacities for further growth, the central banks and governments are propping up the markets by pumping in trillions of dollars of worthless debt- which is unsustainable, warps the economy, diminishes the purchasing power of savers and wage-earners, and, while delaying the crash for now, will lead to a far more horrific crash later down the line, in the near future. But all this is to keep our unsustainable urban/suburban lifestyles of obscene decadence and consumerism going for as long as possible.
Why have we been able to "get away" with this for so long? People look at Japan and say "well, if they can do it, why can't we?"
Here's the most important x-factor, one that everyone completely neglects: oil.
Oil=the economy. It is energy/oil, not finance, which runs the economy- all economies, civilizations, ecosystems, nations, empires- are essentially energy systems. Without energy, nothing moves whatsoever. Oil is the predominant energy source of today, and there is no replacement for it.
So long as oil production grows, we can "get away" with these grotesque financial manipulations- and global oil production has grown continually since the crash of 08', due mostly to American shale oil.
But the global oil industry is being gutted from within as we speak, due to the thermodynamics of oil depletion. The 2020 medical debacle has only accelerated this.
When oil production peaks and declines, no amount of worthless debt will be able to prop up the market. Paper assets: stocks, bonds, real estate, and fiat currencies, will be worth next to nothing as we witness the mother of all deflations. We will see a global contagion of defaults and economic misery. Central banks will print with a fervour and madness like never before in a futile attempt to save the world but this time it will fail. Printed currency is worthless and will therefore have no effect. You cannot solve a debt problem by issuing more debt.
Without growth, debt cannot be serviced, so it will have to be repudiated in one way or another. The entire world financial system is propped up by debt, however- so once the debt is repudiated, so are the values of stocks, bonds, real estate, and fiat currencies. If you think the year 2020 was bad, it's like Disneyland compared to what's to come.
TLDR: we're headed for the most cataclysmic crash in the history of man.