It’s Not If But When
Since the 2008 crash there has been much talk about how the fundamentals have not been dealt with and the fact that the can has only been kicked down the road. Political mavericks and commentators such as Ron Paul have frequently pointed out that nothing has really changed and that we are heading for even bigger disasters ahead if we continue to play ostrich.
Likewise, the economic doom and gloom pundits – such as Peter Schiff, Marc Faber and Gerald Celente have been banging the drum for an unprecedented collapse that will make the 1929 western economic slump look like a tea party. First it was to be 2010, 2012, then 2013 and so on, but here we are still, in the tail end of 2015 and the dreaded collapse has still failed to materialise.
So, I’m sure that some people are probably wondering if these people are just carpet baggers, making a swift buck out of fear of an economic downturn. The truth is that we never left the economic downturn – we are currently in a period of manipulation that’s sole purpose is to mask the fact that there has not been a boom (or recovery if you like) to trigger the next bust.
The world economy is largely sustained by confidence and belief that pieces of paper (or digital records) have some inherent value relative to each other and relative to the physical realities of the world. In truth a paper note is worthless if people do not recognise its symbolic value or believe that the relationship between its value and the value of real-world objects (e.g. commodities) has been perverted or destroyed.
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