Five words are important now: failure, exposure, rejection, repression, and war. The status quo has failed on multiple fronts. Its failures and corruption are being exposed, its governance and legitimacy questioned and rejected. The response is all too predictable: repression at home, war abroad. The Clintons represent the toxic confluence, the maelstrom’s vortex, and Hillary Clinton will press the powers’ response.
Anything but free market economics is a redistributive shell game with a sell-by date. Government debt, spending, and programs, redistribution, and central bank debt monetization and interest rate suppression have passed their expiration, leaving mountains of IOUs that will never be repaid and prostrate economies in the first thralls of a deflationary contraction that will be one for the ages. Particular rancid: illusory, credit-based wealth has gone to a small, well-connected coterie who access microscopic interest rates for financial engineering and speculative fun and games. Left behind: honest producers and savers, who have seen their incomes shrink and the economy wither.
Not content to lay waste to their own countries, the powers have visited their destructive and murderous mayhem upon wide swathes of the globe. Seeking to impose order they have instead promoted chaos, failed states, refugee flows, and the spread of terrorism. Stuck in costly and inconclusive quagmires in second-tier states, the US war lobby seems intent on provoking decidedly first-tier Russia and China, with a concomitant escalation of negative consequences. You can’t get any bigger, or potentially more suicidal, than war with the second and third largest nuclear-armed powers.
This post was published at Zero Hedge on Jul 12, 2016.
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