Home » Economics » The distinct danger of being naive

Click on image to purchase

Olduvai III: Catacylsm
Click on image to purchase

Post categories

Post Archives by Category

The distinct danger of being naive

The distinct danger of being naive

Don’t assume it’ll all be OK or that you alone will be able to evade the consequences of collapse.

A dramatic and symbolic landscape scene showing a person standing at the edge of a crumbling cliff, looking out over the horizon. The person is unaware of the danger behind them as the cliff is visibly breaking apart. The scene is set during the day with a clear sky, emphasizing the concept of naivety and impending consequences. This landscape orientation highlights the vastness and isolation of the person in their environment, representing the theme 'The Distinct Danger of Being Naive'.

The writer and commentator Charles Hugh Smith is known for his discussions on global economic trends, the decline of the middle class, and the future of economies around the world.

In a post yesterday, he presented a somber forecast of what he says is “the most likely trajectory of the global financial system, based on history and the dynamics of human systems.”

He describes the unsustainable expansion of credit, which has far outpaced real production and consumption and has been supported by inflated asset price bubbles that will inevitably burst.

Most importantly, Smith warns against the naively optimistic idea that it’s possible to completely evade the consequences of economic collapse by holding hard money assets or offshoring wealth. He argues that emergency measures and increased surveillance will likely thwart such attempts.

As the bottom 99.5% feel the squeeze, their rage at those at the top not paying their fair share will rise exponentially, and the political pressure on authorities to go after the hyper-wealthy will become too intense to ignore. Many of those trying to save the system will have already had enough of coddled billionaires, bankers and financier grifters.

Another conviction that will be revealed as naive is the faith that the rules will stay unchanged, allowing us to hoard our stash and emerge unscathed to scoop up the bargains offered by the less prescient. History is again rather definitive: the rules will change overnight, and continue changing, as needed. One “emergency measure” after another will be imposed and become normalized.

…click on the above link to read the rest of the article…

Olduvai IV: Courage
Click on image to read excerpts

Olduvai II: Exodus
Click on image to purchase

Click on image to purchase @ FriesenPress