on the monetary-financial-econo-fiscal mess, it is global
no wealth had been created in the past 7 years
before the event singularity of lehman, global share markets, everyone, traced out a round trip, either down and then up (usa), or up and then down (china), and then both down some more, including europe / japan / zimbabwe / argentina / etc etc), as more paper money got issued, diluted, cheapened (cash is now king not withstanding)
against the value of gold, all markets are down 80% between 2000 and now
and against gold, all gdp's are down a whole lot during same elapsed time
in other words, had we had a gold-linked currency, the 7 years depression would have been obvious
but for the fact that we do not have a gold-linked currency, and money is just a mathematical construct, out of fiat credit, and CDO-ed, CDO-squared, and CDO-cubed
the greater disaster is ahead of us, as the politicians now, all around the world, trying to solve the problem, as if there is just one problem, by way of the same path by which we arrived at here and now.
this state of progression will prove to be a lesson of once in 5 generations, and may work out, only if played absolutely correctly until the sorry end, to be an opportunity of a life time. |
