History has shown repeatedly that power centers frequently shift. I talked about this in another post called “Cycle Of Democracy”. The world is now witnessing yet another transition of power, this time from west to east, as the U.S. led Western hierarchy suffocates itself within its own debt-laden fiat bubble. We can recognize the rise and fall of empires as part of history’s normal cycle and that it’s been happening for millennia. This time in the Western world, specifically the United States and Europe, will be no different.
The Euro and the European Union are coming apart. This unraveling has been going on since 2008 and the momentum is gathering. I believe we may see the dissolution of the European Union and the demise of the Euro over the coming years. Central banks in the Western world are printing trillions of fiat currency- creating new digital-debt to pay debt. This will not end so well. Look at Venezuela today.
The debt in the United States is unsustainable. It is mathematically impossible to pay off the debt. The Federal Reserve’s policy of continuing to keep interest rates artificially low coupled with stimulus, quantitative easing, and buying up its own debt is a house of cards ready to collapse. Then there is the credit bubble about to burst, never mind the global quadrillions in the derivatives markets, the final straw on the camel’s back. The sun is setting on the U.S. and rising (ironically) in the east, and the shift of power is under way as the power shifts from the west to the east, from weak hands to strong hands, from the U.S. to mainly China.
Most Westerners and many people throughout the world refuse to believe this although many are beginning to see the light. They can’t envision an era in which the West doesn’t lead the world in everything. And yet, that time is already upon us. Perhaps nowhere is this more pronounced than in the economy. This does not mean that North America and Europe are falling off the edge of the earth (almost). What it does mean is that the old system is being reset, and the rules being rewritten and a new global financial system is being implemented right before our very eyes and new opportunities are in store, particularly in the east. However the dangers are significant for the uninformed and unaware. Creative Destruction is nothing new. It’s not the first time in history that such a shift has occurred, and it won’t be the last.
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