An Autumn Of Epic Asset Collapses & Higher Inflation… Means Poverty & Social Unrest

Authored by Egon Von Greyerz via GoldSwitzerland.com,

The world economy and especially the political and economic situation today consists of a potpourri of lethal ingredients which will have dire consequences…

Let’s look at what this deadly potion consists of:

  • Debts at levels that can never be repaid – sovereign, corporate & private
  • Epic global bubbles in stocks, bonds & property – all about to collapse
  • Major geopolitical conflicts with no desire for peace – major wars likely
  • Energy imbalances and shortages, most self-inflicted
  • Food shortages leading to major famine and civil unrest
  • Inflation, leading to hyperinflation & global poverty
  • Political and economic corruption in US, Europe and most countries
  • No country will afford social security, medical or pension payments

So what are governments around the world doing to solve these problems?

Nothing of course.

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WINTER OF OUR DISCONTENT MEETS FYRE FESTIVAL

“When a condition or a problem becomes too great, humans have the protection of not thinking about it. But it goes inward and minces up with a lot of other things already there and what comes out is discontent and uneasiness, guilt and a compulsion to get something–anything–before it is all gone.” ― John Steinbeck, The Winter of Our Discontent

Image result for winter of our discontent Image result for fyre festival

Sometimes I wonder about strange coincidences. In an email exchange with Marc (Hardscrabble Farmer) in the Fall, he mentioned he had begun reading Steinbeck’s Winter of Our Discontent and planned to write an article about it. Coincidentally, I had just bought a used copy of the same novel at Hooked on Books in Wildwood. I didn’t plan on buying it, but I’ve read most of Steinbeck’s brilliant novels and felt compelled by the title and our national state of discontent to select it from among the thousands of books in the store.

Marc had posted his Steinbeck-esque article in December, but I didn’t read it until I had finished the novel. Marc’s perspective on the value of money and his diametrically opposite path from Ethan Hawley, the discontented anti-hero of Steinbeck’s final novel, was enlightening and thought provoking. I’m sure it impacted my consciousness as I wrote this article.

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The Winter of Our Discontent

Guest Post by Hardscrabble Farmer

“A man who tells secrets or stories must think of who is hearing or reading, for a story has as many versions as it has readers. Everyone takes what he wants or can from it and thus changes it to his measure. Some pick out parts and reject the rest, some strain the story through their mesh of prejudice, some paint it with their own delight. A story must have some points of contact with the reader to make him feel at home in it. Only then can he accept wonders.” ― John Steinbeck, The Winter of Our Discontent

We slaughtered the last of the turkeys a week or two after Thanksgiving in the new snow. We always keep a few of the bigger ones until they get up over thirty pounds and then break them down into parts for the rest of the year; swollen breasts the size of chickens, two pound thighs, enormous legs, and giant wings vacuum sealed and deep frozen until we need a meal and I turn the carcasses and gizzards into gallons and gallons of stock that we can use for soups and risottos.

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