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RE: The Economic System Will Slowly Shift, Not Collapse

in #economics7 years ago (edited)

I totally agree that wealth cannot be destroyed nor created and my conclusion is that any form of speculation will end in tears therefore. I also agree that humans must learn to be responsible for what IS. I blog lot about this.

I never favored conspiracy theories for 3 simple reasons. One is that I think the government is pretty much incapable of doing anything. Second, correlation is not causation and the vast majority of conspiracy theories seem to be based on hearsay correlations.

sorry I beg to differ, human history is filled with financial crises and boom and bust cycles, ALL man-made... why? because everybody FOLLOWS the money, and the top does it at the expense of the masses.

Conspiracies a facts of life, they are the norms. The only conspiracy in the world is 'ignorance versus knowledge': to make the masses believe that chasing money brings about happiness, but since it does not, the destructive side effect of this mantra helps the top to harvest and speculate on the losses of average Joe and Jane, by inertia. And that is how the wealth transfer operates. The deception is embedded in monetarism itself. This is the central argument for a money-free society. Right now there is a huge trial in EU against the biggest automakers which colluded in order to fool the "carbon foot print" of the diesel emission, WV, Mercedes, and 3 others. See article: Now we can't trust car giants on miles per gallon either: After VW scandal, Mercedes and BMW accused over fuel efficiency Read more: http://www.dailymail.co.uk/news/article-3252717/Now-t-trust-car-giants-mpg-VW-scandal-Mercedes-BMW-accused-fuel-efficiency.html#ixzz4p41F7bfu

Following the money causes COLLUSION... and collusion causes CONSPIRACY TO DEFRAUD or/and KILL.

Events just happen... like what, life just happens out of the blue? My feeling is that you may be missing the most important part of the puzzle and which is the 'metaphysical element' of the Grand Illusion. Nothing happens by accident. If you understood this element, you wouldnt say that events just happen. Seeking profits, the mentality of profit making that is at the core of all our ills, because as you put it wealth cannot be created nor destroyed.

The belief that the system will collapse stems primarily from people who group events and ideas into a correlational matrix. We are all opportunists. We all seek profit. Some events just happen.

Former Fed Chairman Alan Greenspan Ominously Warns That The Biggest Bond Bubble In History Is About To Burst -- August 4, 2017
http://investmentwatchblog.com/former-fed-chairman-alan-greenspan-ominously-warns-that-the-biggest-bond-bubble-in-history-is-about-to-burst/

I disagree with the slow shift theory of yours

my reply has been included in my today blog
https://steemit.com/basicincome/@earthcustodians/time-and-value-are-the-only-adversaries-of-universal-basic-income-greenspan-just-predicted-a-major-crash