re 1930s: there is a possibility that
(i) the depression was not ended by money printing and new and newer and ad infinitum newer still deals
(ii) it could be that the depression was ended by global war
and if so, the 1930s depression under constraining conditions of gold-linked and then gold-repegged currency could have continued until kingdom come, had kingdom not arrived in the form of global war.
should above be the case, and given truth that the fiat currencies of today do not constrain much of any sordid government/monetary acts, ala japan, then most of the world may have been suffering and continues to suffer from gdp, income, balance sheet, and stock indices depressions since 2000, when measured by the honest standard of gold.
the above explanation makes sense when considering the curious case of japan, where money print and zirp policy only managed to keep export income alive even as the wealthy nation, public and private, slowly meanders towards monetary disaster, fiscal doomsville, and zero-state reset.
should the above japan analysis be true, then bad news for most of oecd, unless oecd nations can (i) export to mars, or (ii) revert to banana republic status and export commodities to the new sovereign nations where diligence and savings are true, thrift are still good, and middle class serfs are surging forth.
re stagflation: as long as it be stagnation of our cost and inflation of our assets, on balance we should be ok :0)
should it be the other way around, i.e. inflation of all we need and deflation of everything we have, then something is amiss and a whole lot of somebodies got it all wrong ;0/
when enough somebodies get it all wrong, salvation should eventually arrive either in the character of global war, or zero-state monetary reset. both, i believe, would be unpleasant.
btw, whatever is supposed to happen is in truth happening Message 25866828
guessing about the future may be easier if we keep true to the guidelines of projection:
- behave like a politician
- dream like a financier
- think the worst, and then add hollywood embellishment to make the worst worse still
- figure out how to best use the unthinking media
then make prediction based on fundamental principles, that
- money is power
- power is attracted to money
- most people are unworthy in view of power and money
- power corrupts
- money degrades
- money can be taxed, stolen, or printed, all meaning taken
- money will be taken, so power can be enhanced to take still more money to generate more power
... etc
recommendation: continue getgold so as to be taken-proof :0)
p.s. the kings of ancient times and emperors of old days never ever taxed beyond the 10% point, when approached, they lose head in literal sense
mob-rule electoral demaocracy populated by less than qualified wastrels empowered by universal suffrage has vastly improved on the 10% limit, with canada at 50%, and yet,
... still, enough of democratic universal suffrage free enterprise canadians actually continue to believe that communist oppressed people (and yes, here in hk we do have better and just as free medical care) in hk at effectively 0% tax rate needs gold in an imperative sense, as opposed to we are just keeping score meaning ;0)
salute to popular media disinformation machinery - outstanding!
advice to canadians, vote for the communists, they would be more caring, cheaper, and better for life style. |
