We are at the peak of a 5000-year bubble in government. Like all bubbles, this one will burst. When it does, our world will become unrecognisable.
How can I say we are at the top of an inter-millenial government bubble? Interest rates.
Throughout history, interest rates have never been as low as they are now. Central banks around the world have kept interest rates at or near 0% since the world economy had a cardiac arrest in 2008. The problem then was bad debt, and they papered over it and socialised the losses. The propaganda has been telling us that the unprecedentedly-low interest rates were to stimulate the world economy and bring about a ‘recovery’.… Read the rest