ALL HELL WILL BREAK LOOSE FOR HUMANI

[Manuel Tavares]

ALL HELL WILL BREAK LOOSE FOR HUMANITY

By Egon von Greyerz

Posted March 22, 2022

https://rayviolet.blogspot.com/2022/03/free-counters_26.html

 

We are now at the end of an era of economic and moral decadence in a debt infested world built on false values, fake money and abysmal leadership. All hell will break loose.

 

The consequences will be fatal for the world.

 

There are eras in history which have produced great leaders and thinkers. But sadly, the current era has produced nothing of that kind. The end of an economic cycle produces no great leadership or statesmanship but only incompetent leaders.

 

Looking at the Western world, the only notable statesman in the last few decades in my view is Margaret Thatcher, prime minister of the United Kingdom from 1979 to 1990.

 

But political leaders are of course instruments of their time. Sadly times as the current don’t produce Superior Men.

 

As Confucius said:

 

“The Superior Man thinks always of virtue, the common man thinks of comfort.”

 

It is the buildup of a massive debt mountain which has given the Western world a false comfort based on false values.

 

As I have pointed out many times, the US has increased its debt every year since 1930, with a couple of minor exceptions in the 1950s and 1960s. The Clinton surpluses in the late 1990s were fake and in fact deficits.

 

In history, when there is undue economic pressure, starting wars is popular and often felt necessary. It is convenient to blame the war for the increasing debts.

 

The Gold Standard was an excellent method for preventing governments to spend money they didn’t have. Since money couldn’t be printed at will, deficits then had to be financed by settling debts in physical gold.

 

THE GOLD WINDOW HAS BEEN “TEMPORARILY” CLOSED FOR 50 YEARS

As Nixon in the late 1960s had to meet the US debts to France in gold, he decided in 1971 to close the gold window temporarily. He clearly didn’t want to hand all the US gold to de Gaulle. Over 50 years later that gold window is still temporarily closed with fatal consequences for the US and the world... >>>https://rayviolet.blogspot.com/2022/03/free-counters_26.html