I re-post the following here, as it is relevant -
perceptions_now wrote on Jul 3
rd, 2014 at 2:26pm:
Fact 1 -
Both major Economic theories (Keynesian & Austrian) have been applied & applied successfully, during the modern Economic era, at the appropriate time/s during the Economic cycle/s!
Fact 2 -
Both major Economic theories (Keynesian & Austrian) are now failing & both will continue to FAIL in the near to medium term future, BECAUSE the underlying Factors which have driven Economic Growth over much of the last 200 years or so, are now in Decline and there is nothing that either Economic theory can do to alter the outcomes, which are now set in concrete, for at least the next 2 to 3 decades!
Fact 3 -The most major factors now driving Global Economy are -
a) Demographics - primarily via the rapid Aging & slowing Growth of the Population.
b) Energy - primarily via the slowing Growth of Energy Supply & substantial increases in Energy Pricing.
c) Climate Change - primarily via Global Warming, But also via some areas becoming less wet (causing more severe droughts) and other areas becoming more wet (causing more sever floods), all of which is driving Agriculture towards lower Food Production & some areas towards a lack of Drinking water to support their growing Population.
Fact 4 - A combination of "all of the above", plus the "obsessive compulsive disorder" of ALL POLITICIANS to look after their own interests NOW & those of "their supporters", to the detriment what is good for the longer term interests of the entire Public, ha seen Global Debt spiral beyond redemption.
Fact 5 - These factors have actually been lining up for quite some time and the combined logical/likely outcome are now pretty much set in concrete, so whilst the final outcomes MAY be realigned "a little", IF REAL ACTIONS ARE TAKEN, it seems unlikely that the Political arena (in general) is actually going to take actions that are remotely likely to change the real direction of events.
So, I suggest we relax & enjoy ourselves, whilst that is possible AND WE AWAIT FOR THE STRETCHING RUBBER BAND TO FINALLY BREAK AND WE WILL THEN START TO REALISE WHAT HAS ACTUALLY HAPPENED & WHAT WILL HAPPEN!