War delivers us from this state of limbo, toward the rebirth of sound money and economics. Sadly, war may be the ultimate distraction that finally breaks the political landscape wide open and shatters these broken institutions and power centers once and for all.
It isn’t right but it’s almost inevitable. War will be the final political justification for the financial elite to go full-retard in trying to save their system.
Most people will gladly let them do it.
War can be personal in a way that differs from other crises; because it feeds off the insatiable need for a collective persona –or the national identity.
Natural disasters are the least personal because they are indiscriminate. The broken glass fallacy of the mainstream (Keynesian) philosophy can trump the pain and help rationalize the rebuild. (Even when it becomes evident that significant damage could have been avoided before calamity. Hurricane Katrina comes to mind as one case in point).
The series of financial crises that all generations alive today have experienced have thus far not been as ‘personal’ - on an acute, collective basis.
While ultimately shared by all – the ‘boiled frog effect’ of consumer price inflation over years, for example keeps the pain largely unconscious or chronic. Bailouts, and social welfare have evolved to further buffer the full effect of financial mayhem.
Really a mutant form of helplessness, our collective willingness to give up freedom in support of ‘the effort’ will continue to be the flavor of patriotism.
But war is frightening. And fear aligns with efficiently. Enough to keep the effort alive politically.
Until we reach the tipping point.
Ron Holland of the theailybell.com recently highlighted 10 Reasons why Washington has war fever:
10 Reasons Washington Has War Fever
I would add #11: That war gives full green light for doing whatever it takes however it will be.
While they’ve got us distracted by fear, they’ll take and legislate as much away from us as they can and most will do nothing about it until it all gone. They will go after the low hanging fruit - the electronic (paper) assets - first.
At first, we will be told that it’s for own good - it supports the effort. We will believe them and they will continue to believe themselves. We will be encouraged to give ‘ourselves’ over voluntarily. And when we don’t, they’ll take the money (along with other freedoms and privacy) - even as they print its value to nothing.
At that point the circle from citizen to criminal is complete; social unrest brings war internal to ‘protect us’ from ourselves.
War allows this to happen as a distraction. War provides the excuse to continue the game whether for profit, for the currency, or for the industry. War will provide the room to print - the excuse to spend.
What will spark the velocity in money – in which the effect of deficit monetization leaks into the bond market and paves the last mile toward currency collapse?