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Quite clearly I can see the endpoint of this course our society is hurtling upon, and it ends with a loud splat against the cosmic wall of oblivion.
Are we as a society a drug addict that has to hit rock bottom before finally picking ourselves up and deciding to make a change?
Or do you think one day soon we'll catch a glimpse in the mirror, decide we no longer like what we see, and begin to turn things around before things get REALLY bad? Because as bad as things are, they can get much, much worse; and from the general malaise and indifference of the majority of society, we might need to go there before enough people wake up to grab hold the helm and turn this ship around.
Jim Willie's Stunning Claim: The Game is Over! King Dollar is Dead!
The global resistance movement is accelerating with tremendous speed. Back in 2009, the Jackass stated that the first nations to depart the USDollar system would emerge as the leaders of the Next Chapter for the New Paradigm. The warning was that nations would find themselves in an urgent situation whereby maintaining the current USD/USTB system would bring about a death of their currency, bonds, banks, and economies. Conforming and adhering to the King Dollar allegiance would be a death sentence. In the last few months, since the retreat from the Taper Talk by the USFed, since the full outward adoption of QE to Infinity and ZIRP Forever, the world has come to conclude that the Reign of the King Dollar is over. They are noticing the collapse of the current system, due to continued hyper monetary inflation and full dependence on phony money, complete with amplified dispensation to the banker elite.
Alternatives to the USDollar are well along in design, approaching implementation for commerce, wherein the Gold Trade Standard will be installed. The impact waves will be powerful, sweeping aside the fiat paper currencies and their flimsy sovereign bond reinforcement, an implied foundation of debt. Never can a monetary system rest upon a debt foundation without a near complete destruction of capitalist systems. The hyper monetary inflation that has emerged as consensus central bank policy has resulted in global capital destruction, due to rising cost structure, a direct consequence of chronic monetary inflation of the exported variety. Monetary inflation kills capital. Exported monetary inflation kills foreign capital. The Jackass has challenged the clueless cast of economist hacks to rebuttal, but not a word has come. The QE to Infinity policy, with its rancid wreckage from ruinous bond monetization, is the epitome of capital destruction. The Keynesian School has presided over a ravaged field. The Von Mises School of sound money, of asset backed monetary systems, or Gold reinforced trade systems, will take over from the mad professors, the criminal bankers, and the narco dripped militarist hands.