Economic Collapse! A Leading Indicator Of Better Times To Come

Darryl R Schoon  via Free Republic

Excerpts:

• Today in 2013, the focus of the mechanics, i.e. central bankers, is still on the engine which despite trillions of dollars of credit is still in danger of completely seizing-up; and, although the bankers’ solution of even more credit(e.g. QE1, QE2, QE3, etc.) has failed to restore the automobile’s momentum, the failure to do so hasn’t stopped the mechanics’ attempts to add yet more credit to the already flooded engine.
• The inability to revive the bankers’ credit and debt-based economy is a sign that a paradigm shift is underway.
• The present financial crisis is caused by a systemic failure of credit and debt-based economies.
• Professor David Hackett Fisher, author of The Great Wave: Price Revolutions and the Rhythm of History, observed that recurring price-revolutions, i.e. waves of rising prices, appear throughout history resulting in the collapse of existing eras, e.g. the Middle Ages, the Renaissance, the Enlightenment, etc.[emphasis added]
• The present wave shares characteristics with all price-revolutions.
• The banker’s credit and debt-based paradigm is ending and despite what central bankers and governments desperately wish...their economic engine will either seize up or the bankers’ excessive monetary easing will cause one or more of the tires to explode
• It is not possible to discern a new paradigm before it emerges.
• Just as the current paradigm cannot solve the current crisis, neither will reflexive ideological responses by the left and right formed by the present paradigm , e.g. state intervention vs the ‘free market’, work either.[ emphasis added]
• Today, most don’t believe a far better world will emerge out of the coming economic collapse.
  
  It will. A better world is coming. You can bank on it.

Comment:

A couple passages up there were emphasized--- let's review each.  The price-revolution part assumes that we will have a hyper-inflation.  What if it went the opposite direction?  What if there was a price-revolution in the deflationary direction?  This may be what the central bankers are fighting with all their money printing.

For, if goods were to become super-abundant, as Diamandis and others think, then the prices of goods must fall dramatically.

Now for the second passage that I emphasized--- I did that because I have written over and over again that ideology can make you stupid.  If Schoon is right, this could be another example of it.

Unless you have a crystal ball, you don't what the future will bring.  I think we could go either way.