Showing posts with label Humanity. Show all posts
Showing posts with label Humanity. Show all posts

The Nexus

It’s time to delve into the murky waters of the nexus between money, central banks, governments, banks, and humankind. Most of my thoughts are focused on the present and the future, rather than the past, so that means there will be a certain amount of informed speculation. It’s much more interesting to look forward and consider where we are going (using current/recent events as a guide) rather than be constantly looking backwards for a guide to the future. Everything is subject to change at all times, so it’s best not to have a fixed view, but to treat matters on the balance of probabilities having considered all available evidence. So, some readers may need to cast aside any existing biases and prejudices they may have around this rather meaty subject, as the future is likely to make those biases irrelevant.

Where to begin? I’ll start by stating that I have seen plenty of evidence that money is and always has been debt, and that it simply evolved that way. The best anthropological evidence of this evolution is contained in the early sections of David Graeber’s book ‘Debt: the First 5,000 Years’.

Worldwide Turmoil, Financial Upheaval and Cataclysm

When the Global Financial Crisis (GFC) of 2008 occurred, many including myself were shocked enough to start doing further investigation into the nuts and bolts of our modern financial system. My at-the-time-research led me to be long gold and short sydney property - in 2011. Here we are in 2015 and the result of that is pretty (painfully) clear to me. It's not just my timeframes which were screwy, it became obvious that most of the narrative I had collected was incorrect. Recently I've been exploring this dichotomy, but today I want to bring some definition to something that comes up in a lot of discussion - the idea that the GFC was simply just a dress researsal for something much bigger.

Giving this supposed event a name allows us to study it better, so I'm proposing the term 'Worldwide Turmoil, Financial Upheaval and Cataclysm' or WTFUC for short. We have a new poll running at the right hand side of the page here - I encourage you to vote in it because it's kind of unique - the poll will run for 20 years finishing in 2035 and (fingers crossed) I hope to be around to write a synopsis on the final results. If the blogger platform remains constant then you should always be able to change your vote over time, although it won't let me change the options. The poll allows you to nominate your expected timing for the WTFUC and the hope is that this helps us discuss our beliefs and expectations in a practical fashion (even as they may change over time).