I examine some of the “elements” now spiraling in the process of Breakdown Crisis. (a great reply from nick below) The process of the Great Reset. Ayn Rand was very astute in identifying the process of compounding distortions in an economic and political system. Personal tragedy spread out to the greater society. The suspension of law, financial, banking, money crisis, resource constraints and requirements. We cannot look to a “single” idea because we have to address every Element at the same time.
Duration : 0:7:12
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here in germany we …
here in germany we appreciate (hochschätzen) the system of scandinavian welfare/social-state, because of its reason, humanism and pragmatism.
…could have an overtone of prechristian romantism or gerrrman connection… idk, but i think it roots deeper and straight.
how do you …
how do you experience the situation in sweden?
scandinavia is great – been many times in denmark/norway for holidays, met swedes and had a good time with them. great and polite people. nice to meet you. skol!
we’ll see if anything hits the fan or in which context we have to put the last and the coming decade into context.
since trettioåriga kriget scandinavians kept out of continental european politics, which is remarkable and should be good…
does kaupthing is an issue in daily news?
Very good point! …
Very good point! Also here in Sweden we have a welfare-state (for now) that protects the population. It has worked pretty well for the last 50 years, but when the SHTF this system will of course collapse – just like every other system which is dependent on globalization.
Your depth of …
Your depth of thought is excellent and your presentations just get better, more interesting and more informative. Thank you for your efforts!
I am NOT advocating …
I am NOT advocating to get back to debt-driven consumerism.
I agree 100% with what you are saying here.
What I am proposing is the most efficient way to give the private sector (i.e. society) a chance to pay down the debt without more suffering than necessary.
This is the most efficient solution, GIVEN WHERE WE ARE.
Once the private sector is out of the debt rut, we must take very different actions in order to AVOID that we ever get back on the path on which we are since the early 80s.
In this debt-based …
In this debt-based consumption-driven economy saving and paying down debt is very bad indeed. But the system is broken and needs to be changed completely. What they are tying to do now is basically re inflate the same system. How would your system would be any different? (I know, its hard to come up with something practical, and even more so to put it in a short comment;)
I think I would rather take a hard deflationary landing which then might require to re-design the system.
I get your point, …
I get your point, but it seems that you are inadvertently advocating getting back to the old system (or maybe not) which is unsustainable debt driven consumerism.
I would like to see us getting back to the system where saving was a common sense (before inflationary FED age). Savings used to drive prudent investment and entrepreneurship. When Americans had real money they did not need to speculate to retain their net worth- Real money was appreciating in mildly deflationary environment.
Financed …
Financed domestically: the reason for the downturn is that the private sector has to save=pay down debt now.
The savings are missing in income because what is saved cannot be spent: neither on consumption nor investment.
Only the government can break the vicious cycle.
I totally agree: today’s government seems incapable of doing anything that makes sense. I therefore advocate engineers (not lawyers) running the government.
Man, if we can send someone to the moon, we ARE able to fix this!
ok, I agree public …
ok, I agree public works is not welfare and I should not use them interchangeably. I think public works would be acceptable if it is done efficiently and on projects that would make businesses more efficient in a long term, give society an edge over some other counties.. I guess I’m just pessimistic on govts ability to do anything right.
dom. financed? u mean creating money, bc the population indebted, has no funds to buy bonds. maybe ok, if you can prevent hyperinflation /currency collapse
The public has been …
The public has been conditioned into a nonsensical black-and-white view of economic policy.
Do you have any ideas how to better explain it?
It is NOT welfare. …
It is NOT welfare. Welfare would be counter-productive. Public works to better the country’s productive capacity if VERY different from welfare. Funded by the government borrowing and spending what the private sector saves in order to keep its income from collapsing while it pays back its debt.
All be domestically financed. When private sector is out of debt rut, it will fund the repayment of this debt that was borrowed to keep its income from collapsing.
You guys should …
You guys should prolly form some sort of group/website for discussions on reforms and how to get back to what US used to be. There should be a plan of action for each scenario and if enough people come on board you might be successful after SHTF and calm down. One thing is not clear to me though.. your welfare or public works program, how would you fund it? by printing and borrowing? its just more of what is already going on which can’t last for ever.
Diogenes of Sinope! …
Diogenes of Sinope! great hero lol
You are missing the …
You are missing the fundamental point. The US does not make anything anymore. We consume without producing. We need to develop protectionist policies and develop some sort of new industry. We also need to nationalize our oil industry. All the wealth of this country is being bled out. Answer this fundamental problem and you solve the problem.
100% agreed..
100% agreed..
I think the US had …
I think the US had an obvious deflationary cycle which commenced after the tech bubble burst. The FED has been fighting deflationary forces ever since with loose monetary policy and QE. My opinion is that you cannot fight a deflationary cycle with a printing press, due to our debt based money system. Japan tried and lost, we are trying what Japan did on Steroids. We are in uncharted waters it is anybody’s guess however I think we will either get deflation or currency collapse.
The solution to our …
The solution to our problems is to realize that there are no permanent, be-all end-all solutions to our problems. Too many variables, too many elements. Life is a daily struggle to adapt or die. Don’t ever give up your ability to think critically.
Nothing is wrong …
Nothing is wrong with the Constitution is the ignorance of the people living under it that is the problem. Too bad we have left the common sense law in the dust.
If multiple cycles …
If multiple cycles converge, might their energy cancel or amplify effects? Perhaps this is applicable to the present, and perhaps beyond TGD 1.0 amplitude
Is there any good reading on this facet of this subject?
From yoga, I …
From yoga, I learned of non-attachment. It can be a powerful ally in helping one achieve an Objective existence.
good job, …
good job, minnesotachris’s channel has john stossels’s correlation on current situation and ayn rand’s prophecy of the looters and moochers taking control; total collapse will be end result. I haven’t been to the war college, but I feel you have???
EVERYONE needs to …
EVERYONE needs to read Ayn Rand to understand how the American society is falling to pieces. The Nature Of Government…even if you don’t like Ayn, please people just at the least read that!
I agree 100%. …
I agree 100%. Fundamental problem: we have debt money. I also agree 100% on your other points.
We are now in a similar situation as Japan was in in 1990, including demographics. However, they somehow did more or less the smart things in Japan, for whatever reason. People in Asia seem quite pragmatic. Our ideological whims here may preclude us from doing the smart thing.
In different circumstances different actions are warranted. Only ideologies argue the opposite.
It’s because we …
It’s because we have a debt based money system. An individual can create inflation simply by going to the bank and taking out a loan. However, this behavior is driven by demographics and optimism. (Google – Elliott Wave and Kondratieff cycle) These are extremely powerful forces that are the primary cause of inflation and deflation.
If you and I can …
If you and I can figure this out and find common ground in a few blog posts, then this is very encouraging! We have to get out of this private-sector debt rut as fast as possible and re-establish the principles that have served us so well for so long: Paine, Washington, Franklin, Jefferson, and friends to the fore!
Now we only have to make the case to 300 million more people.
