A Dying Order Last Thursday, the Brits said auf Wiedersehen and au revoir to the European Union. On Friday, the Dow sold off 611 points – a roughly 3.5% slump. What’s going on?
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In Europe and the U. S., the masses are getting restless. Mr. Guy Wroble of Denver, Colorado, explained why in a short letter to the Financial Times:
The old liberal world order is dying because the cost-benefit ratio for the average person in the Western world is now negative.
The welfare state depends on three things: population growth, productivity growth, and credit growth. All three are either slowing… or are already negative. As a result, economies can no longer keep up with the costs imposed by the Deep State and its cronies.
This post was published at Acting-Man on June 28, 2016.
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