“The markets are gonna crash, and we’ll be flooded with worthless money.”
“It’s gonna be a train wreck.”
“The entire financial house of cards is gonna come tumbling down, and no one will be able to put the pieces back together again.”
“The debt bubble is gonna pop.”
There are is no shortage of analogies and mixed metaphors to describe the current world economy. They are common to both mainstream and alternative approaches. Pretty much everyone, from liberals to conservatives to libertarians, from marxists to monetarists, considers that the economy (all of it or a large part of it) is autonomous from political power (not formal puppetry but more oligarchic power). But it’s not.
If the US economy, for example, really responded to some universal economic laws, it would have crashed by now.
In other words, the economy won’t crash until various interlocking factions, over and above the economy, are good and ready to have it crash.
Markets are purely artificial creations. Markets are constructed, and not from the bottom up (except in some mythical past, or in textbooks).
The stock markets, gold and silver markets, bond markets – all these are rigged and manipulated, and more for the long-run than for the short-run…
This is not just about profit, about making the quick buck; it’s about power, and about using that power to eventually dump a system in favor of a new one that provides for more complete – and more sophisticated – control over human subjects.
From this view, all the hysteria about the economy is just clever misdirection.