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RE: Countries Vulnerable to Economic Devastation Soon

in #money6 years ago (edited)

Reality on the dire EU economic situation (including the UK):

https://www.armstrongeconomics.com/world-news/govt-incompetence/can-governments-actually-enhance-economic-growth/

The USA is now copying the EU’s methodology for demise:

https://www.armstrongeconomics.com/world-news/taxes/the-supreme-court-just-destroyed-the-economy-in-the-hunt-for-taxes/

https://www.armstrongeconomics.com/world-news/war/the-next-american-civil-war-thank-you-mueller/

And the Millennials social justice self-destruction is a world-wide disease:

https://www.armstrongeconomics.com/international-news/politics/trump-revolution-hits-mexico-is-this-becoming-trump-v-soros/

Mexico’s populist social justice warriors’ lurch to the left is the recurrent Latin American disease that for example destroyed the economies of Venezuela and Argentina. Eric Raymond wrote:

To the professor, the post-WWII oil boom (and inevitable bust) is just the latest cycle in an old story. The land is too good to its people, so the people are lazy. They never grow the social maturity, thrift, or civic virtue to handle crisis and deprivation. As a result, Venezuela remains a fool's paradise run by kleptocrats, its long lazy tropical dreams occasionally interrupted by racking fever as it hunts up the next extractive fix.

If the professor's dissection of his own country is pitiless, his prognosis for the U.S. is hardly kinder. He admires the American achievement, but believes we have become so used to wealth that we are forgotting the virtues that made us wealthy. When we exhaust the natural wealth of the U.S. (he projects) we will crash.

Bitcoin exists as the stable fulcrum of Ideal Money which will stand tall while all the other psychotic groupthink above enters self-destruction mode.

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I actually had someone help me come to the realization that the psychosis described there is just a subset of astroturfing. There was a decent mention of it here :

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