- Published on Tuesday, 26 January 2016 10:36
Collapse of the current political economy is inevitable and market instability, reverberating around the globe, suggests collapse is much closer than we think.
Why the Black Hole of Deflation Is Swallowing the Entire World … Even After Central Banks Have Pumped Trillions Into the Economy
Deflation Threatens to Swallow the World
What does this actually mean? Likely, it means a repeat of 2008 but on a much larger, global scale. Digital fortunes will be wiped out overnight but nothing physical will be destroyed. If your life's savings, pension plans, 401Ks are worthless, it needn't threaten your life or future because those numbers representing your "wealth" are an illusion. They are small components of a giant Ponzi scheme of fictional value. The global economic system is a criminal fraud based on theft of our common heritage and usury. So that "wealth" that you thought you had, doesn't really exist. If you don't get this, watch the recently released Hollywood movie, The Big Short (or read Michael Lewis's book on which the film is based) - the criminal cabal, that fomented the 2008 crisis and stole your future in the bailouts, is still in control and they're playing us again. It is the system, rather than the individuals, which is the cause of our distress.
So when collapse comes, what do we do?
The first instinct is panic and our survival instinct drives us to stockpile essentials and cheat or fight our neighbours to ensure we have more than anybody else - these are the instincts which created the perverse political economy in the first place. Furthermore, such behaviour has been conditioned over centuries/millennia and evolved from hierarchy. If we succumb to such selfish instincts, many or most will perish in the ensuing bloodbath.
Remember, nothing physical is destroyed, only "shiny stones and bits of paper" (or digits in computers) - so we still have the same productive capacity and physical resources as before. What's missing is the economic system to utilise and distribute these effectively but we don't need a huge monolithic system to replace the collapsing economy. We just need to focus on our families and communities to rebuild an ecosystem of collaboration and co-creation; to ensure everyone we know is sheltered, clothed and fed. And with internet technology we can create a global ecosystem of cooperation.
The biblical parable of five loaves and two fishes wasn't a miracle in the sense that it physically multiplied those meagre beginnings into enough food for the multitude but the boy's gesture of sharing what he had encouraged others to do the same and the sentiment spread - that is the "miracle" we need. To realise that we're interdependent and we have nothing to fear from each other and everything to gain from rebuilding trust and resilience in communities. We don't need hierarchies; we just need to contribute what we can to the community, locally, nationally and beyond - if we make sure everyone else is looked after, we will all thrive.
These are the lessons which have emerged out of the work of Critical Thinking; we have everything we need to create a just and bounteous political economy and it's within our power to create it. All we need is the understanding and the will to change our behaviour.