I have been feeling white pilled lately. I think its a combination of factors at work here. I feel much if not all of this cultural stuff derives from our economic situation. And if that is true, then, there's a lot to be positive about. The economic situation we're in will not last forever, in fact, its likely to fall at any time. Roughly at the time we jettisoned the idea of "sound money" we also saw the emergence of ever more forms of cultural degradation and depravity. And why not? We find ourselves muttering between each other and ourselves that right is wrong and wrong is right.
This is most certainly true with culture, but, what of economics? Well, in this paradigm of "easy money" i.e. keeping interest rates artificially low, engendered the following condition - savers are penalized and spenders rewarded. This is because keeping your money in the safest form, i.e. savings, produces minimal return, if any, and is far below the rate of inflation. In other words, if you save for a rainy day you lose money. Therefore, saving for a rainy day is "irrational", ahem, under current conditions. But, you see, saving for a rainy day is not irrational and for there to be conditions to make it irrational is proof that the system that engenders this is irrational itself. And if such a system is irrational then we can expect it to not last.
Returning to sound money will happen for the same reason that the sun comes up. With another $2T on the way on top of the other massive lump sum of cash created last year, we're going to see inflation. We'll probably see hyper inflation. All of this will in the end will invalidate the "cathedral". Because it is all interconnected. Some of these connections are not all that difficult to unravel. For instance, easy money pays for bloated academic administrations, which in turn creates and fund the various aggrieved studies departments. And these same aggrieved studies department having no intrinsic value themselves become parasites of academia, which in turn results in a number of consequences, among them the production of unqualified graduates. I mention the graduates only because it is the sole purpose of an academy to teach its students to be competent in a subject and to underscore how they can't even fulfill that mandate any longer.
But these are the sorts of things that happen in an easy money environment. As long as the easy money continues consequences are avoided or postponed, but, importantly, for the time being no such negative effects are realized, at least to present an existential threat. They call it malinvestment and accordingly it has its own natural corrective actions that happen as a matter of course. This process is firm, the only reason we have not seen it occur just yet is because of the dollar's reserve currency status and, to their credit, the ability of the fed to transmit capital in an optimized manner into repositories that benefit from inflationary pressures, such as, capital markets. But, nature is persistent and this has in turn created massive wealth disparities, which creates yet another unsustainable condition.
Soon this will go boom and when it does it will take out the monster that has been the bane of our existence. Its not going to be pretty, its going to be very difficult. But, its a necessary process. Andrew Torba of Gab, recently said something like this. As I embark to create another society altogether, I am, in fact creating an Ark of sorts. He's so right on this.
