reply to post by Mdv2
If you look at the shift from the gold standard to the printed standard we see today in the post WW2 era, another war would be the perfect enabler for
another such shift.
The issue I have had since the onset of the bailouts and money printing was it's expiry date which will be followed by the repayment plan... we (the
nations who have used those strategies) need to maximise our workforce to be able to spread the pain to reduce the risk of civil unrest.. This has not
there has been little to no new job creation..
Taxes and Civil unrest have gone hand in hand... Look at English Civil war, one of the major causes was the "ship tax" or the Americas claim of no
taxation without representation that led to the revolutionary wars...
In The 1830s my part of England went into open rebellion due to under employment, and in Post WW2 era when the Royal Navy implemented pay cuts, that
caused the Invergodon Mutiny where the Royal Navy went into open Mutiny for 2 days..
Increased taxes = Increased risk of civil unrest.. No matter the path the establishment go down or the test beds they use, the outcome will be the
same.. It is Human nature and the process we are stuck with following at the moment.
What the gov can not control is the people that come forward when these things happen, like Thomas Paine who's pamphlet writing had a great impact on
both French and American revolutions.. Those are the wild cards that always mess up the mix.
We are stuck in a rut, no new jobs, smaller workforce that is enduring pay cuts, and increased hours/workload, significant under employment across the
board and just around the corner are myriad of Tax increases as the bail outs and money printing process comes to an end..
Logically, a smaller workforce on less money having to repay the bailouts and money printing = civil unrest however which way it is spun, the issue
with civil unrest to global conditions makes it a contagion that is as impossible as Swine flu to contain.
Keeping the interest rates low is the only way to keep people in their homes at the moment, once that stops, we'll see whole sale repossessions...
And all those factors, higher interest rates, higher taxes will hit one after the other...
That's why I feel the only real options are new tech for new jobs to create new revenue streams that can repay the amount of taxes required to pay
those debts down/cope with normal interest rates.. plus the new tech would enable the West to compete again..
Or a global conflict.. that also knee caps the up coming nations.. Much to my sadness all the Elite seem to be doing is buying time in my opinion to
set up the war
Personally I hoping for some new tech to create new industries will come along.. otherwise I fear for us all..