PREDICTIONS

Despite the fact that our mentors tell us our salvation lies in keeping our minds focused on the moment, we like to see if we can peer into the crystal ball, now and again.

As I mentioned in an earlier blog, I am a world watcher. I have been observing the national and world economic system teetering on the brink for a long time. Forty years ago it looked like it was on the verge of collapse. It has become a joke among some of my friends. We have been expecting some kind of financial disaster for so long it has become a source of amusement. The numbers have not added up for a long time, and it has been especially shaky, since Nixon removed us from the last vestiges of the gold standard. Since then, we have proven that fiat money can work. Or have we? Forty years is not a long time.

Anyone can find a prediction that agrees with them; you want it to stay the course, there are plenty of those predictions. Do you want the stock market to go through the roof? There are those, too. Are you expecting a collapse? There are many of those.

I weed out those that have written a book and are sticking to their preconceived ideas. I ignore those that are heavily ideological. I don't give much weight to the doomsayers and the fire and brimstone folks.

Then there are the people who are just fascinated by political economics. They don't seem to have an agenda, they share what they are seeing. I don't know that I am qualified to say there is a consensus, but there are a few major points they are making.

The U.S. is essentially bankrupt. The big banks still have trillions of dollars in bad paper that can't be redeemed. The Fed has been funneling billions a week to prop them up. This supposed stimulation has only stimulated the Wall Street gambling casino and has not aided the economy as we experience it. The last vestige for support for the dollar is oil. When the oil producing countries stop insisting on dollars [this has begun] the dollar will begin its collapse on the world market. 

The real wealth of any economic system is the labor of the people. Labor has been outsourced to China and the third world.

Fiat money works fine until faith in it starts to waver. As long as the issuer, whether it be a bank or government, seems to have the resources and willingness to back it up, nobody questions it. The first attack to the credibility of a countries money, is when creditors demand, something other than a monetary instrument, to settle debts or for trade.

The United States government, nor its big banks, have a sizable amount of precious metals.

Gold and other precious metals have been flowing to China, Russia and elsewhere for several years.

Europe is, also, shaky, they are heavily indebted to the World Bank and are more in need of rescue than being in the role of rescuer.

The United States is heavily indebted to China, Japan and others. Will they keep accepting our paper? Where is the breaking Point?

The BRICS nations, Brazil, Russia, India, China and South Africa are forming their own bank. They are creating a monetary system that stands alone, separate from the The Fed and the World Bank. They have enough gold to issue a new monetary unit based on gold.

These are a few of the factors I could list. I am sure I left out several equally important items.

The rumblings, that appear right now, imply that the world economic system is about to hit a brick wall. The dollar will collapse and there will be a short period of world wide deflation. The world's currencies will be reset led by the issuance of a gold backed currency from the BRICS nations.

I don't know if any if this will happen. If it does it will be good. It will signal the end, of the dominance of the cabal, and the ushering in of a new age.

I just thought I would share what I have been reading and hearing. Our salvation remains in keeping our attention focused on the moment. We need to find happiness in our day to day activities and love every moment.

Let us keep holding our light high. Imagine the world of love emerging.

Love and Peace,  Gregg