Note to readers: This blog is being written in a book format. The newest entries appear at the end of the page.Acknowledgment
Some of the content of this blog is excerpted from The Urantia Book unless credited to other authors. Some conclusions are interpretive. [Note: Urantia is the cosmic name for Earth.] To read The Urantia Book, go to: http://www.urantia.org/urantia-book/read-urantia-book-online. Introduction The coming transformation of Earth as guided by the Most High was discussed in a prior blog page, entitled "The Most High." This page attempts to anticipate the transformations that Earth may experience (politically, culturally, and financially) from the secular viewpoint. The 2020s
The Coming Decade of Transformation and Global Economic Crises “Will Everything Change in 2020-2025 or Will Nothing Change?” by Charles Hugh Smith.https://mail.google.com/mail/u/0/#trash/WhctKJVZnSsCdqVxRxMvzKXkhVJKFwBDjgVkZFGptcMknSSQGvsCwbqJTDsSxJFZtdgwMVq (Edited.) New transformational forces will gain importance in the next decade. The evolutionary plan of the Most High for Earth will introduce the spread of new technologies; and an Age of Transformation will profoundly change how society organizes itself. Much of people’s identity, how they work and their roles in life will change significantly. For example, with the replacement of internal combustion driven cars in driver-less electric vehicles, the need for oil and protection of its sources in the Middle East will be greatly diminished. The theory discussed in the book, The Fourth Turning, makes the case for an 80-year cycle of transformational human crises. In U.S. history. the first crisis was the constitutional process (1781) following the end of the Revolutionary War, which determined whether the states could agree on a federal structure; the 2nd crisis was the Civil War (1861) and the 3rd crisis was global war – World War II (1941). According to the 80 year cyclical theory, the world is entering another major crisis that will upend the status quo in a fundamental fashion. There will be more dramas playing out in the political theater – trade wars, sanctions, currency manipulations, etal. ……………………… 2020-2025 – The Approaching Fourth U.S. 80 Year Crisis
Another type of trans-formative change anticipated by the 80 year cyclical theory will be the breakdown of the structures of everyday life: the distribution, cost, and availability of food, fresh water, energy, healthcare, income, and basic security. A way to measure the vulnerability of any society to breakdown or a fundamental reshuffling of income, wealth and power is to examine its buffers – the resiliency and reserves of the core subsystems. Two examples are the supplies of gasoline in service stations and the supply of food in supermarkets. Both fuel and food are "just in time delivery systems" meaning that the supply and distribution system is a long, complex chain with minimal buffers, as the systems have been optimized for efficiency, not resilience. Any disruption in any link in the supply chain will break the entire chain. The ultimate buffer for any nation-state, however, is its currency. If its currency still acts as a store of value globally, the nation in crisis can issue more money to buy whatever is needed to alleviate the crisis. If trust in the value of the money is lost by an over-issuing of new currency, this buffer is depleted. (The faux paper is not exchangeable for any commodity of value.) Social and cultural buffers are more difficult to assess. Deeply corrupt societies may find that the public's patience with the abuses of power that manifest as corruption has thinned so much that mustering the police and army no longer protects the status quo. Natural systems also have buffers, and the industrial civilization we inhabit takes a variety of natural resources for granted (fuels, fresh water, and fertile soils), assuming that brute force (more chemical fertilizers, more wells, more fracking, etc.) will guarantee ample supplies of these essentials. Financial systems have multiple points of resilience or fragility. In the 2008 Global Financial Meltdown for example, the Federal Reserve created and guaranteed an astonishing $27 trillion paper dollars out of “thin air” to restore trust. One example of how finance, politics and institutional fragility come together is public pensions, many of which are based on unrealistic financial projections of endlessly rising profits, capital gains, and taxes. History informs us that crises that could have been handled with relative ease in the past, when buffers were wide and core systems were resilient, end up triggering a domino-like collapse of entire empires. These phase shifts often follow periods of financial depression, drought or pandemic (the three often go together as people who get less to eat have compromised immune systems that are then vulnerable to epidemics) that erode the economy and core institutions. Collectively, it appears that the world is facing a much different type of crisis in the coming 80 year cycle, one in which the core systems of the economy and society have become increasingly fragile behind a facade of stability. The first American crisis of 1781 was essentially a struggle to balance the forces of state and federal power, a balance that included the divisive issue of slavery. By 1860, the political compromises that had held the Union together without actually resolving the great divide between slave and free states collapsed, and the issue was resolved by war. In 1941, the U.S. was forced to choose between an increasingly precarious isolation and a decisive battle with the Nazi Reich and the Japanese Empire. …………………………….. 2020-2025 – The Approaching Fourth U.S. 80 Year Crisis (Continued)It feels as if the resiliency of society, governance, and the economy have thinned to the point that any one domino falling might knock down many others, leading not to a specific crisis such as war or a political struggle, but a failure of the entire status quo. The crisis could encompass the collapse of indebtedness (personal, corporate, and government debt), a collapse of overly complex and unaffordable institutions, a sharp drop in the purchasing power of fiat currencies, a loss of faith in political processes, a collapse of trust in technocratic expertise and the mass media, and scarcities of essentials that could drive prices much higher. History suggests these systems are all interconnected and interdependent, so the collapse of one system triggers crises in all the systems to which it is connected. The possibility of such a cascading crisis of the entire status quo isn't even on the radars of the government, media, academia, and corporations. There are indications that the Pentagon has contingency plans that recognize the fragility of global systems, but at this point, any domino-like expanding crisis will unfold without any coherent response. The transformations of cosmic dimensions, such as triggered by earthquakes, volcanic eruptions, and climate change may be occurring as well. People must realize that such transformations are a planned part of the Most High to achieve the brotherhood of man. Even on normal evolutionary worlds the realization of the world-wide brotherhood of man is not an easy accomplishment. Religious revelation is essential to the realization of social brotherhood on Earth. The coming transformation of Earth will assist evolution towards an increasingly peaceful global society. The spiritualization of the human soul requires intimate experience with the educational solving of a wide range of real universe problems. The animal nature and the lower forms of will creatures do not progress in environmental comfort. ……………………………… Nanotechnology – Bringing the Inward Outward
https://www.caseyresearch.com/daily-dispatch/doug-casey-on-nanotech-this-will-change-the-whole-nature-of-life-unrecognizably/ (Edited.) The author, Doug Casey, feels that nanotechnology will change the whole nature of life. He explained that technology has been advancing at the rate of Moore's Law (which claims that technological growth doubles every 18 months or less) for the past 200,000 years. Recently, the thrust of technology has been to make things smaller. The computer went from room size to iPhone size. Engines went from big, inefficient steam engines to small, highly efficient jet turbines. Miniaturization has made things lighter, more efficient, and cheaper. Meanwhile, nanotechnology has taken the opposite approach. Nanotechnology is about engineering things from the molecular level and making them larger. In essence, it is the construction of machines, atom by atom, using molecular-sized assemblers, guided by molecular-sized supercomputers. Nanotechnology is changing the character of material reality by making it possible to manipulate the 92 naturally occurring elements into anything, cheaply and easily. When submicroscopic assemblers guided by submicroscopic supercomputers can disassemble compounds and reform them into different compounds and then reassemble those into larger objects, literally anything becomes possible. greatly accelerating evolution. The first big applications of nanotechnology will be in material science and biotech. The centerpiece is the carbon atom. The carbon atom has unique characteristics. It’s a simple atom, with an atomic number of only six, and an atomic weight just over 12. Because of the way it is structured, it can form extremely large chains with itself, and complex ones with other elements. The carbon atom is central to all life. Every living thing is built around the carbon atom, and scientists know of at least 10 million different carbon compounds, which is the reason carbon and nanotech will be huge in the biotech arena.One biotech application will be the creation of tiny machines, which released into the human bloodstream, will cleanse the arteries of plaque, or attack cancer cells precisely and selectively – with no need for surgery, radiation, or chemotherapy. Medicine will look back at cutting, burning and poisoning of cancers as primitive. The first mass nanotech application may be with graphene. Graphene is pure carbon, like graphite or diamond, but in the form of a film only an atom thick. It’s extremely light, but much stronger than steel. A graphene bulletproof vest would weigh practically nothing and be nearly invisible. Graphene will revolutionize construction and architecture because it is ultralight, which is essential for flight and spacecraft. The problem initially is cost. But costs are dropping exponentially. ………………………………. |
Doug Casey’s Comments on President Trump – A Contrarian Perspective
https://www.caseyresearch.com/daily-dispatch/doug-casey-on-trumps-presidency-so-far/ (Edited.)
Trump has some pluses, but no philosophical center. Politically he’s a statist (an advocate of a political system in which the state has substantial centralized control over social and economic affairs). Economically, he is seeking more faux money creation, and lower or negative interest rates, which is going to add flames to an absolutely catastrophic depression.
I appreciate his trying to stem mass migration, so what’s left of America can retain its cultural core. But his efforts are like building a sand castle on the sea shore. The waves are going to wash it away for all kinds of reasons. Minneapolis will resemble Mogadishu, Somalia. Miami might resemble Port Au Prince, Haiti, or Havana, Cuba. El Paso will be like Juarez, Mexico, and Cleveland like Karachi, Pakistani. Things are changing. The colors of the map of country of origin are running more than has been the case since the vast migrations of the barbarian invasions from the East into Europe of the 5th century. [Note: Commingling the races into a single race is the plan of the Most High, which will occur eventually despite man’s resistance.]
……………………...
https://www.caseyresearch.com/daily-dispatch/doug-casey-on-trumps-presidency-so-far/ (Edited.)
Trump has some pluses, but no philosophical center. Politically he’s a statist (an advocate of a political system in which the state has substantial centralized control over social and economic affairs). Economically, he is seeking more faux money creation, and lower or negative interest rates, which is going to add flames to an absolutely catastrophic depression.
I appreciate his trying to stem mass migration, so what’s left of America can retain its cultural core. But his efforts are like building a sand castle on the sea shore. The waves are going to wash it away for all kinds of reasons. Minneapolis will resemble Mogadishu, Somalia. Miami might resemble Port Au Prince, Haiti, or Havana, Cuba. El Paso will be like Juarez, Mexico, and Cleveland like Karachi, Pakistani. Things are changing. The colors of the map of country of origin are running more than has been the case since the vast migrations of the barbarian invasions from the East into Europe of the 5th century. [Note: Commingling the races into a single race is the plan of the Most High, which will occur eventually despite man’s resistance.]
……………………...
The 2020 Election Season (Doug Casey’s Comments on Trump – A Contrarian Perspective - Continued)
Trump is acting as a catalyst for something resembling an actual civil war in the U.S. The war of the states from 1861 to 1865 was not, in fact, a civil war. It was a war of secession, which is very different from a civil war. In a war of secession, one group simply wants to part company from another – not rule them.
The American Revolution, of 1775-1783, by comparison, was both a war of secession and a civil war. About 1/3rd of Americans wanted to secede from the ruling British political power, 1/3rd were loyal to the Crown and fighting against secessionists, and 1/3rd were indifferent. The Revolution was much more complex, and nastier, than is generally understood.
Keeping in mind the difference between a civil war and a war of secession, I think it's possible that the US could have both – like we did in the Revolution. People in the red counties (Republican) and the blue counties (Democrats) really dislike each other. They should, therefore, be politically separate. But they’ll likely try to keep the union together, which means one group has to suppress the other group. They can't have a civil conversation. Members of the same family can't even talk politics or economics anymore. They’ve come to disrespect, even despise each other on a visceral level.
Trump is acting as a lightning rod for both groups.
Neither group thinks rationally, just emotionally. And it’s essentially a moral divide, which doesn’t lend itself to calm intellectual resolution.
It's worse than during the ‘60s, which was the last cultural revolution that we had in the US. It's much worse this time, even if so far it hasn’t been as violent. Recall that during the late ‘60s and early ‘70s the US had several thousand bombings.
Back then, however, we just had three major TV networks and some newspapers. Today there are thousands of channels of social media around to aggravate and abet discontent. With the old mass media everybody heard more or less the same thing – what the mass media told them. Today not nearly as many people watch or read mass media, and nobody really trusts it. Today it’s all about Facebook, social media, and the Internet – much more unpredictable, and potentially explosive. They allow the public to communicate across the country and form groups. That was very hard to do in the 1850s.
Most people are very comfortable today. They don’t have any guns today, and few know how to use them. You've got a whole generation that are financially burdened with student debt, unending car loans, credit card debt, no assets, and no marketable skills. An entire generation of people are living in their parents' basements who’ve been indoctrinated with collectivist ideas.
On the other hand, the whole country is getting older. Nearly 25% of the country is over 60 years old. When you're over 60, you generally don't want to be fighting in the streets anymore.
Perhaps we're not even capable of a real civil war.
Perhaps the best option is for the US to break up into new countries, new regions. Young chicanos in Los Angeles have zero in common with old white women in the Northeast. And they’ll have less than zero desire to pay 20% of their income to finance the old ladies’ Social Security and Medicare. The situation is similar across many groups and regions in the US today.
Many are shocked when I say I'm against the constitution of 1789. We would likely have been much better off economically and every other way if the original colonies had just stayed in an improved confederation – which was all that was supposed to have happened in Philadelphia in 1789. They all shared a more or less common culture. They didn't need to centralize all their power in Washington DC. [Note: By definition the difference between a confederation and a federation is that the membership of the member states in a confederation is voluntary, while the membership in a federation is not.]
……………………..
Trump is acting as a catalyst for something resembling an actual civil war in the U.S. The war of the states from 1861 to 1865 was not, in fact, a civil war. It was a war of secession, which is very different from a civil war. In a war of secession, one group simply wants to part company from another – not rule them.
The American Revolution, of 1775-1783, by comparison, was both a war of secession and a civil war. About 1/3rd of Americans wanted to secede from the ruling British political power, 1/3rd were loyal to the Crown and fighting against secessionists, and 1/3rd were indifferent. The Revolution was much more complex, and nastier, than is generally understood.
Keeping in mind the difference between a civil war and a war of secession, I think it's possible that the US could have both – like we did in the Revolution. People in the red counties (Republican) and the blue counties (Democrats) really dislike each other. They should, therefore, be politically separate. But they’ll likely try to keep the union together, which means one group has to suppress the other group. They can't have a civil conversation. Members of the same family can't even talk politics or economics anymore. They’ve come to disrespect, even despise each other on a visceral level.
Trump is acting as a lightning rod for both groups.
Neither group thinks rationally, just emotionally. And it’s essentially a moral divide, which doesn’t lend itself to calm intellectual resolution.
It's worse than during the ‘60s, which was the last cultural revolution that we had in the US. It's much worse this time, even if so far it hasn’t been as violent. Recall that during the late ‘60s and early ‘70s the US had several thousand bombings.
Back then, however, we just had three major TV networks and some newspapers. Today there are thousands of channels of social media around to aggravate and abet discontent. With the old mass media everybody heard more or less the same thing – what the mass media told them. Today not nearly as many people watch or read mass media, and nobody really trusts it. Today it’s all about Facebook, social media, and the Internet – much more unpredictable, and potentially explosive. They allow the public to communicate across the country and form groups. That was very hard to do in the 1850s.
Most people are very comfortable today. They don’t have any guns today, and few know how to use them. You've got a whole generation that are financially burdened with student debt, unending car loans, credit card debt, no assets, and no marketable skills. An entire generation of people are living in their parents' basements who’ve been indoctrinated with collectivist ideas.
On the other hand, the whole country is getting older. Nearly 25% of the country is over 60 years old. When you're over 60, you generally don't want to be fighting in the streets anymore.
Perhaps we're not even capable of a real civil war.
Perhaps the best option is for the US to break up into new countries, new regions. Young chicanos in Los Angeles have zero in common with old white women in the Northeast. And they’ll have less than zero desire to pay 20% of their income to finance the old ladies’ Social Security and Medicare. The situation is similar across many groups and regions in the US today.
Many are shocked when I say I'm against the constitution of 1789. We would likely have been much better off economically and every other way if the original colonies had just stayed in an improved confederation – which was all that was supposed to have happened in Philadelphia in 1789. They all shared a more or less common culture. They didn't need to centralize all their power in Washington DC. [Note: By definition the difference between a confederation and a federation is that the membership of the member states in a confederation is voluntary, while the membership in a federation is not.]
……………………..
Doug Casey’s Comments on Trump – A Contrarian Perspective (Continued)
Eventually the US will break up. Nothing lasts forever, and that includes the US. People who think this country is going to be even remotely the same in 50 years – forget about 100 years – aren’t thinking clearly. They certainly don’t have a grasp of the way history flows. The very fact that whites of European extraction will soon be a minority – both in Europe and the US – tells you something big is afoot. The new majority don’t share language, religion, race, religion, values, or traditions with the old culture, or among each other. In fact they hold it in contempt – as do many whites.
The US could easily break up.
People say, "Well, what about our military, our defense?" The point I'd make is that the military is the second biggest thing, after welfare, that is bankrupting the country.
In addition, the military is not defending the country. They're actually drawing in outside attacks by making enemies all over the world. The natives don’t like American soldiers in their countries any more than we’d like their soldiers in the U.S.
Our expensive high-tech weapons – F35s, B2s, aircraft carriers, and the rest of it are basically junk. They’re going to be almost worthless in what may resemble World War III. New technologies are going to totally obviate these weapons, much more seriously than cavalry in World War I or battleships in World War II. The core difficulty here is that the democratic political process is intrinsically skewed to short-term, politically expedient dynamics. Politicians focus by necessity on winning re-election, and they will naturally approve new issuance of currency and new spending to placate the demands of constituents, lobbyists and campaign donors.
There are no limits upon the political expediency of keeping his or her job.
Without some limits on the issuance of new money, the money will be issued because the issuance isn’t an economic process, it’s a political process.
This is also the fatal flaw in MMT. Relying on politicians to impose limits on their own desire to win re-election is to deny human nature. [Note: Modern Monetary Theory (MMT) is a heterodox macroeconomic framework that says monetarily sovereign countries like the U.S., U.K., Japan and Canada are not constrained by revenues when it comes to federal government spending.]
Disuniting Forces
When the military fails, it's going to be disuniting for the U.S. Only a small portion of the American population knows anything about the military. The public is isolated from the military, even though they’ve been programmed to love and respect it. The military have become a separate culture within the culture. Military personnel hang out just with each other, not with civilians, just as cops hang out with each other, not with the people that they police. Most police today are also ex-military. [Note: The term disuniting was popularized by Arthur Meier Schlesinger, Jr. in his book, The Disuniting of America in which he argued that America as melting pot has given way to an ``eruption of ethnicity'' that threatens to replace assimilation with fragmentation, and integration with separatism.]
…………………………
Eventually the US will break up. Nothing lasts forever, and that includes the US. People who think this country is going to be even remotely the same in 50 years – forget about 100 years – aren’t thinking clearly. They certainly don’t have a grasp of the way history flows. The very fact that whites of European extraction will soon be a minority – both in Europe and the US – tells you something big is afoot. The new majority don’t share language, religion, race, religion, values, or traditions with the old culture, or among each other. In fact they hold it in contempt – as do many whites.
The US could easily break up.
People say, "Well, what about our military, our defense?" The point I'd make is that the military is the second biggest thing, after welfare, that is bankrupting the country.
In addition, the military is not defending the country. They're actually drawing in outside attacks by making enemies all over the world. The natives don’t like American soldiers in their countries any more than we’d like their soldiers in the U.S.
Our expensive high-tech weapons – F35s, B2s, aircraft carriers, and the rest of it are basically junk. They’re going to be almost worthless in what may resemble World War III. New technologies are going to totally obviate these weapons, much more seriously than cavalry in World War I or battleships in World War II. The core difficulty here is that the democratic political process is intrinsically skewed to short-term, politically expedient dynamics. Politicians focus by necessity on winning re-election, and they will naturally approve new issuance of currency and new spending to placate the demands of constituents, lobbyists and campaign donors.
There are no limits upon the political expediency of keeping his or her job.
Without some limits on the issuance of new money, the money will be issued because the issuance isn’t an economic process, it’s a political process.
This is also the fatal flaw in MMT. Relying on politicians to impose limits on their own desire to win re-election is to deny human nature. [Note: Modern Monetary Theory (MMT) is a heterodox macroeconomic framework that says monetarily sovereign countries like the U.S., U.K., Japan and Canada are not constrained by revenues when it comes to federal government spending.]
Disuniting Forces
When the military fails, it's going to be disuniting for the U.S. Only a small portion of the American population knows anything about the military. The public is isolated from the military, even though they’ve been programmed to love and respect it. The military have become a separate culture within the culture. Military personnel hang out just with each other, not with civilians, just as cops hang out with each other, not with the people that they police. Most police today are also ex-military. [Note: The term disuniting was popularized by Arthur Meier Schlesinger, Jr. in his book, The Disuniting of America in which he argued that America as melting pot has given way to an ``eruption of ethnicity'' that threatens to replace assimilation with fragmentation, and integration with separatism.]
…………………………
Metamorphosis
The great test mortals face is to transition from self-enrichment goals to the idealistic goal of unselfish public service, which is the will of God (brotherhood).
……………….
Profound Technological Changes Will Accompany Earth’s Transformation
Porter Stansberry https://orders.cloudsna.cm/id=MKT421756&eid=MKT433596&assetId=AST118044&page=2 (Edited.)
For many years now, the world has been transitioning from the industrial age to the computer age. We have moved from a paper-based analog world to a digital society. Consider the advance in self-driving vehicles. Rolling out self-driving trucks will take time, maybe 3 to 5 years or more. But self-driving trucks will arrive long before self-driving cars. The economic incentives for self-driving trucks is enormous – much higher than self-driving cars. GPS, 5G wireless, LIDAR (Light Detection and Ranging) technology, and other innovations will soon put millions and millions of truckers out of work world wide.
The economic impact in America will be enormous when 3.5 million middle class truckers (who can earn up to $100k per year or more) are suddenly out of work or see their wages collapse because highly skilled drivers are no longer needed.Trucking families probably represent 10 million people in total, and they are the economic foundation of thousands of small, rural communities.
The consequences to America's political union will be perilous.
But, self-driving cars and trucks, robotics for warehouses and manufacturing, and artificial intelligence (AI) to replace human interactions are "normal" innovations.
They are the result of engineers getting more out of technology that's been around for a long time. GPS, for example, was first used by the Department of Defense in the late 1970s, and was available for civilian use in the 1980s. Professors at Dartmouth were developing AI computer programs as far back as the late 1950s.
While self-driving vehicles will have a massive impact on truckers (and car manufacturers and taxis, just to name a few; robotics will destroy millions of manufacturing jobs. AI will eliminate the need for millions of additional customer service jobs. But, all of these changes are relatively minor compared to another technological "Tidal Wave" that is also coming.
There's an entirely new technology that's about to change everything.
Throughout history, there have always been periods in time when new innovations changed everything about how human societies functioned.
For example, it's not commonly appreciated, but the invention of the cotton gin (an engine applied to farming) radically altered not only the textile industry, but led directly to the eradication of slavery because it made fewer labors vastly more efficient.
While humanity as a whole gained enormously from the introduction of the cotton gin, many, many people were left behind in the American South, where deep poverty remains to this day.
Or, consider what has happened since the invention of the integrated circuit and transistors around 1950.
Very few people realized how transistors and the ability to combine electricity with logic gates would empower computing in ways no one could imagined.
This rapid transformation (commonly known as Moore's Law), introduced vastly more power and vastly cheaper computers that changed everything in the modern economy.
Most people don’t remember this, but in the late 1990s, Microsoft grew so wealthy, powerful, and dominant, the U.S. government intervened to break up the firm. Without the government’s intervention, many people believe Google would not even exist today.
That is the scope of power and wealth major technological breakthroughs can generate.
There are monumental moments in history, like when Einstein published his Theory of Relativity, or when Genentech first used genetic engineering to produce human insulin with bacteria, or when Claude Shannon wrote The Mathematical Theory of Communication (which launched the modern optical networking revolution) that truly changed everything.
People don't see or understand the hidden forces that are growing, just under the surface that completely overwhelm everything that stands in their way.
One of those moments occurred recently on October 31, 2008.
There was a global financial crisis and Americans were defaulting on almost 20% of the mortgages in the country.
That period of time will forever be known as the moment when a new technology emerged that changed absolutely everything about the way money, banking, commerce, and property rights are managed.
On October 31, 2008, an anonymous computer scientist laid out, in precise detail, a new method of linking the power of computers and fiber optic networks to money. He created a money that will gain in value in direct relation to the power of computing, globally. That innovation is Bitcoin, based upon Blockchain – digital money.
..............................
The great test mortals face is to transition from self-enrichment goals to the idealistic goal of unselfish public service, which is the will of God (brotherhood).
……………….
Profound Technological Changes Will Accompany Earth’s Transformation
Porter Stansberry https://orders.cloudsna.cm/id=MKT421756&eid=MKT433596&assetId=AST118044&page=2 (Edited.)
For many years now, the world has been transitioning from the industrial age to the computer age. We have moved from a paper-based analog world to a digital society. Consider the advance in self-driving vehicles. Rolling out self-driving trucks will take time, maybe 3 to 5 years or more. But self-driving trucks will arrive long before self-driving cars. The economic incentives for self-driving trucks is enormous – much higher than self-driving cars. GPS, 5G wireless, LIDAR (Light Detection and Ranging) technology, and other innovations will soon put millions and millions of truckers out of work world wide.
The economic impact in America will be enormous when 3.5 million middle class truckers (who can earn up to $100k per year or more) are suddenly out of work or see their wages collapse because highly skilled drivers are no longer needed.Trucking families probably represent 10 million people in total, and they are the economic foundation of thousands of small, rural communities.
The consequences to America's political union will be perilous.
But, self-driving cars and trucks, robotics for warehouses and manufacturing, and artificial intelligence (AI) to replace human interactions are "normal" innovations.
They are the result of engineers getting more out of technology that's been around for a long time. GPS, for example, was first used by the Department of Defense in the late 1970s, and was available for civilian use in the 1980s. Professors at Dartmouth were developing AI computer programs as far back as the late 1950s.
While self-driving vehicles will have a massive impact on truckers (and car manufacturers and taxis, just to name a few; robotics will destroy millions of manufacturing jobs. AI will eliminate the need for millions of additional customer service jobs. But, all of these changes are relatively minor compared to another technological "Tidal Wave" that is also coming.
There's an entirely new technology that's about to change everything.
Throughout history, there have always been periods in time when new innovations changed everything about how human societies functioned.
For example, it's not commonly appreciated, but the invention of the cotton gin (an engine applied to farming) radically altered not only the textile industry, but led directly to the eradication of slavery because it made fewer labors vastly more efficient.
While humanity as a whole gained enormously from the introduction of the cotton gin, many, many people were left behind in the American South, where deep poverty remains to this day.
Or, consider what has happened since the invention of the integrated circuit and transistors around 1950.
Very few people realized how transistors and the ability to combine electricity with logic gates would empower computing in ways no one could imagined.
This rapid transformation (commonly known as Moore's Law), introduced vastly more power and vastly cheaper computers that changed everything in the modern economy.
Most people don’t remember this, but in the late 1990s, Microsoft grew so wealthy, powerful, and dominant, the U.S. government intervened to break up the firm. Without the government’s intervention, many people believe Google would not even exist today.
That is the scope of power and wealth major technological breakthroughs can generate.
There are monumental moments in history, like when Einstein published his Theory of Relativity, or when Genentech first used genetic engineering to produce human insulin with bacteria, or when Claude Shannon wrote The Mathematical Theory of Communication (which launched the modern optical networking revolution) that truly changed everything.
People don't see or understand the hidden forces that are growing, just under the surface that completely overwhelm everything that stands in their way.
One of those moments occurred recently on October 31, 2008.
There was a global financial crisis and Americans were defaulting on almost 20% of the mortgages in the country.
That period of time will forever be known as the moment when a new technology emerged that changed absolutely everything about the way money, banking, commerce, and property rights are managed.
On October 31, 2008, an anonymous computer scientist laid out, in precise detail, a new method of linking the power of computers and fiber optic networks to money. He created a money that will gain in value in direct relation to the power of computing, globally. That innovation is Bitcoin, based upon Blockchain – digital money.
..............................
The Money of the Future Will Be Digital Not Printed on Paper
Porter Stansberryhttps://orders.cloudsna.cm/?cid=MKT421756&eid=MKT433596&assetId=AST118044&page=2 (Continued. Edited)
Digital money is going to change everything.
A huge network of Americans has been developing new technologies for decades. They are growing ever richer as a result, and now they have built their own currency.
And it lies completely outside the control of any government.
This breakthrough represents a critically important new way for humans and machines to communicate and cooperate. And it will result in a radical reset of the financial system.
This new financial system will bring a new kind of money and an entirely new kind of ownership structure, for virtually every important asset in the world.
This is much bigger than a simple evolutionary innovation in technology. It is a metamorphosis that can never be undone, which will permanently change entire societies.
Because this change is still in its infancy, many people don’t yet see the potential or future impact this breakthrough will bring.
But the Digerati, the people with expertise or professional involvement in information technology and the richest and most well-connected people in the business world do.
The richest and most competitive companies in the world are now quietly implementing this new monetary technology.
Amazon, Anheuser-Busch, MetLife, Google, Pepsi, Microsoft, Comcast, IBM, FedEx, MasterCard, Visa, Nestle, British Petroleum, Samsung, Walmart, Starbucks, Fidelity, Northern Trust, and Citigroup. They’re all experimenting with the blockchain right now because it represents a critically important new way for humans and machines to communicate, cooperate, and do business.
When paper money loses value, it could create a global crisis unlike anything the world has ever seen.
It won't be a war of nationalism between countries and big armies. It will be a war between the "Digerati" and everyone else.
The battle has already begun.
……………………..
Porter Stansberryhttps://orders.cloudsna.cm/?cid=MKT421756&eid=MKT433596&assetId=AST118044&page=2 (Continued. Edited)
Digital money is going to change everything.
A huge network of Americans has been developing new technologies for decades. They are growing ever richer as a result, and now they have built their own currency.
And it lies completely outside the control of any government.
This breakthrough represents a critically important new way for humans and machines to communicate and cooperate. And it will result in a radical reset of the financial system.
This new financial system will bring a new kind of money and an entirely new kind of ownership structure, for virtually every important asset in the world.
This is much bigger than a simple evolutionary innovation in technology. It is a metamorphosis that can never be undone, which will permanently change entire societies.
Because this change is still in its infancy, many people don’t yet see the potential or future impact this breakthrough will bring.
But the Digerati, the people with expertise or professional involvement in information technology and the richest and most well-connected people in the business world do.
The richest and most competitive companies in the world are now quietly implementing this new monetary technology.
Amazon, Anheuser-Busch, MetLife, Google, Pepsi, Microsoft, Comcast, IBM, FedEx, MasterCard, Visa, Nestle, British Petroleum, Samsung, Walmart, Starbucks, Fidelity, Northern Trust, and Citigroup. They’re all experimenting with the blockchain right now because it represents a critically important new way for humans and machines to communicate, cooperate, and do business.
When paper money loses value, it could create a global crisis unlike anything the world has ever seen.
It won't be a war of nationalism between countries and big armies. It will be a war between the "Digerati" and everyone else.
The battle has already begun.
……………………..
The Cryptocurrency War
https://secure.bonnerandpartners.com/?cid=MKT433980&eid=MKT436037&step=start&plcid=PLC058207&SNAID=SAC0002294885&email=eljoyce4@gmail.com&encryptedSnaid=QWFQh1SyLUXmX%20TIPT3T26tgsbShB0vI4y08y%2FbdKMs%3D&emailjobid=4272166&emailname=20191115-bpf&assetId=AST121202&page=2
and
The Stansberry Digest https://mail.google.com/mail/u/0/#inbox/WhctKJVjMblwxlWfddWTwbzcFjdnqWBzrLmPlQFNmPnrdXqRHxcFVTqHpBSxgzBCjtzHzZL
Bitcoin or a similar cryptocurrency may one day overtake the U.S. dollar as the world's most important currency.
The U.S. dollar is the world's reserve currency. Central banks around the world hold more than $7 trillion in reserves, and it serves as the basis for nearly all international trade.
But nowhere is it written that the dollar must play that role. If the past 570 years of history are any indication, the dollar's days as the global standard may be numbered. Since the world stopped using ancient Roman currencies around 1450, every subsequent shake-up in the global economic order has been caused by excessive debt. And by any metric, debt in the U.S. is unprecedented.
Portugal’s currency was the global reserve currency from 1450 until 1530 (80 years; Spain’s currency served from 1530 until 1640 (110 Years); the Netherlands for 80 years from 1640 to 1720; France for 95 years from 1720 to 1850; Britain’s currency served for 105 years (1815 – 1920; and the U.S. dollar from 1920 until an unknown date in the future.
Even when it is measured as a percentage of U.S. gross domestic product ("GDP"), U.S. debt hasn't been this high since World War II when we were fighting a massive war on two fronts that were oceans apart.
Today, governments around the world are addicted to cheap money. Any bit of bad economic news gives the central banks reason to print more money to "stimulate" the economies.
The inevitable result of having so much paper money flooding the global economy is runaway inflation. Inflation is what brought down every other experiment with faux paper money, and it will be the dollar's undoing as well.
But for the first time in history, we won't have to start the whole paper-money regime over again with some other government's currency. Because today, there is a form of digital money that's provably scarce.
It doesn't require people to trust a government, bank, or corporation. It just requires a trust in math and cryptography.
Bitcoin, or another cryptocurrency, with a fixed supply of coins could free the world from the 570-year cycle of collapsing currencies.
………………………
https://secure.bonnerandpartners.com/?cid=MKT433980&eid=MKT436037&step=start&plcid=PLC058207&SNAID=SAC0002294885&email=eljoyce4@gmail.com&encryptedSnaid=QWFQh1SyLUXmX%20TIPT3T26tgsbShB0vI4y08y%2FbdKMs%3D&emailjobid=4272166&emailname=20191115-bpf&assetId=AST121202&page=2
and
The Stansberry Digest https://mail.google.com/mail/u/0/#inbox/WhctKJVjMblwxlWfddWTwbzcFjdnqWBzrLmPlQFNmPnrdXqRHxcFVTqHpBSxgzBCjtzHzZL
Bitcoin or a similar cryptocurrency may one day overtake the U.S. dollar as the world's most important currency.
The U.S. dollar is the world's reserve currency. Central banks around the world hold more than $7 trillion in reserves, and it serves as the basis for nearly all international trade.
But nowhere is it written that the dollar must play that role. If the past 570 years of history are any indication, the dollar's days as the global standard may be numbered. Since the world stopped using ancient Roman currencies around 1450, every subsequent shake-up in the global economic order has been caused by excessive debt. And by any metric, debt in the U.S. is unprecedented.
Portugal’s currency was the global reserve currency from 1450 until 1530 (80 years; Spain’s currency served from 1530 until 1640 (110 Years); the Netherlands for 80 years from 1640 to 1720; France for 95 years from 1720 to 1850; Britain’s currency served for 105 years (1815 – 1920; and the U.S. dollar from 1920 until an unknown date in the future.
Even when it is measured as a percentage of U.S. gross domestic product ("GDP"), U.S. debt hasn't been this high since World War II when we were fighting a massive war on two fronts that were oceans apart.
Today, governments around the world are addicted to cheap money. Any bit of bad economic news gives the central banks reason to print more money to "stimulate" the economies.
The inevitable result of having so much paper money flooding the global economy is runaway inflation. Inflation is what brought down every other experiment with faux paper money, and it will be the dollar's undoing as well.
But for the first time in history, we won't have to start the whole paper-money regime over again with some other government's currency. Because today, there is a form of digital money that's provably scarce.
It doesn't require people to trust a government, bank, or corporation. It just requires a trust in math and cryptography.
Bitcoin, or another cryptocurrency, with a fixed supply of coins could free the world from the 570-year cycle of collapsing currencies.
………………………
A Quiet War
https://secure.bonnerandpartners.com/?cid=MKT433980&eid=MKT436037&step=start&plcid=PLC058207&SNAID=SAC0002294885&email=eljoyce4@gmail.com&encryptedSnaid=QWFQh1SyLUXmX%20TIPT3T26tgsbShB0vI4y08y%2FbdKMs%3D&emailjobid=4272166&emailname=20191115-bpf&assetId=AST121202&page=2
An epic showdown has broken out between the government and some of America’s top tech firms.
This is because of a new and controversial plans by the tech companies to launch their own competing currencies, which could restructure the financial system overnight.
No guns have been fired. No drones have left their hangars. But the stakes are just as high.
The world is witnessing an arms race for the future of money. It is a war for control of the world's next reserve currency. To understand how the sides line up in this war, one must understand one thing – not all digital currencies are "decentralized" – meaning no single entity can control or manipulate them. However, at this time, most are not decentralized.
Government controlled digital currencies are every bureaucrat's dream. Thanks to blockchain, digital currencies are faster, impossible to counterfeit, and cheaper to issue.
But they also could give governments unprecedented control.
They're the gateway to the dystopian future (an imagined state or society where there is great suffering or injustice) that science-fiction writers have warned us about for decades. Governments could use digital currencies to monitor everyone’s financial transactions, or worse, lock citizens out of the system altogether.
Political dissidents, tax cheats, or even someone who forgot to settle a parking fine could find themselves unable to pay their rent or buy a carton of milk at the corner store when the government freezes their assets.
Predictably, governments around the world are experimenting with how they can use digital currencies to maintain their positions of power.
Tunisia, for example, is considering moving some of its national currency onto the blockchain. And the Bahamas will soon launch a fiat-based digital currency.
These small countries aren't likely to move the global economy, of course. but China is.
Recently, Chinese President Xi Jinping announced the country's intention to dominate the blockchain – the technology underlying bitcoin and other crypto assets. The country must "gain an edge in this emerging field," he said. To that end, China plans to dramatically increase its investments and research in the sector.
And, news service Reuters has intercepted a draft document from the European Union, which urged members of the monetary union to develop a regulatory framework for cryptos and assess the launch of its own digital currency.
Bureaucrats may innocently use words like "blockchain" and "digital currency," but their real interest is control.
On the other side of this battle are truly decentralized cryptocurrencies, notably bitcoin.
Bitcoin is a digital asset that isn't controlled by governments and operates outside of the traditional banking system.
The appeal of bitcoin is how the number of bitcoins in existence is limited and kept track of by blockchain technology. Blockchain is a virtual ledger book – a database secured by cryptography and maintained by a network of computers.
The key to bitcoin's future is that it strips control away from governments and central banks.
It is a "money of the people" - money that exists beyond the control of any one person, corporation, or government. It operates under the laws of mathematics. Anyone, anywhere can use it, plus it will eventually have zero inflation.
People tend to forget that cash – the actual paper bills in your wallet or purse – are the ultimate form of financial freedom. One can walk into any store in the country and buy just about anything with it. The merchant won't ask for your name or ID. The transaction is anonymous.
Bitcoin represents a way to maintain that anonymity. And as humankind rushes toward a digital future, that anonymity is at the very heart of the currency war.
……………………….
https://secure.bonnerandpartners.com/?cid=MKT433980&eid=MKT436037&step=start&plcid=PLC058207&SNAID=SAC0002294885&email=eljoyce4@gmail.com&encryptedSnaid=QWFQh1SyLUXmX%20TIPT3T26tgsbShB0vI4y08y%2FbdKMs%3D&emailjobid=4272166&emailname=20191115-bpf&assetId=AST121202&page=2
An epic showdown has broken out between the government and some of America’s top tech firms.
This is because of a new and controversial plans by the tech companies to launch their own competing currencies, which could restructure the financial system overnight.
No guns have been fired. No drones have left their hangars. But the stakes are just as high.
The world is witnessing an arms race for the future of money. It is a war for control of the world's next reserve currency. To understand how the sides line up in this war, one must understand one thing – not all digital currencies are "decentralized" – meaning no single entity can control or manipulate them. However, at this time, most are not decentralized.
Government controlled digital currencies are every bureaucrat's dream. Thanks to blockchain, digital currencies are faster, impossible to counterfeit, and cheaper to issue.
But they also could give governments unprecedented control.
They're the gateway to the dystopian future (an imagined state or society where there is great suffering or injustice) that science-fiction writers have warned us about for decades. Governments could use digital currencies to monitor everyone’s financial transactions, or worse, lock citizens out of the system altogether.
Political dissidents, tax cheats, or even someone who forgot to settle a parking fine could find themselves unable to pay their rent or buy a carton of milk at the corner store when the government freezes their assets.
Predictably, governments around the world are experimenting with how they can use digital currencies to maintain their positions of power.
Tunisia, for example, is considering moving some of its national currency onto the blockchain. And the Bahamas will soon launch a fiat-based digital currency.
These small countries aren't likely to move the global economy, of course. but China is.
Recently, Chinese President Xi Jinping announced the country's intention to dominate the blockchain – the technology underlying bitcoin and other crypto assets. The country must "gain an edge in this emerging field," he said. To that end, China plans to dramatically increase its investments and research in the sector.
And, news service Reuters has intercepted a draft document from the European Union, which urged members of the monetary union to develop a regulatory framework for cryptos and assess the launch of its own digital currency.
Bureaucrats may innocently use words like "blockchain" and "digital currency," but their real interest is control.
On the other side of this battle are truly decentralized cryptocurrencies, notably bitcoin.
Bitcoin is a digital asset that isn't controlled by governments and operates outside of the traditional banking system.
The appeal of bitcoin is how the number of bitcoins in existence is limited and kept track of by blockchain technology. Blockchain is a virtual ledger book – a database secured by cryptography and maintained by a network of computers.
The key to bitcoin's future is that it strips control away from governments and central banks.
It is a "money of the people" - money that exists beyond the control of any one person, corporation, or government. It operates under the laws of mathematics. Anyone, anywhere can use it, plus it will eventually have zero inflation.
People tend to forget that cash – the actual paper bills in your wallet or purse – are the ultimate form of financial freedom. One can walk into any store in the country and buy just about anything with it. The merchant won't ask for your name or ID. The transaction is anonymous.
Bitcoin represents a way to maintain that anonymity. And as humankind rushes toward a digital future, that anonymity is at the very heart of the currency war.
……………………….
The Financial Mirage
The entire financial system of the world today is a mirage – based on unlimited paper money, and endless low interest credit – created by governments and central banks.
Today, the government of the U.S.A. prints billions of dollars, creating value unsupported by anything of true value such as gold. Originally, paper money was a receipt for a certified amount of gold.
This year, the U.S. government will again spend another trillion dollars more than it takes in in revenue.
Even more disturbing, 25% of government debts issued around the world now has negative interest rates.
Negative interest rates mean bond holders have to pay the government to lend them their own money. In Switzerland, some banks have announced they will begin to charge clients 0.75% per year for large deposits. (The banks will actually charge depositors to hold their money rather than paying interest.)
……………………
The entire financial system of the world today is a mirage – based on unlimited paper money, and endless low interest credit – created by governments and central banks.
Today, the government of the U.S.A. prints billions of dollars, creating value unsupported by anything of true value such as gold. Originally, paper money was a receipt for a certified amount of gold.
This year, the U.S. government will again spend another trillion dollars more than it takes in in revenue.
Even more disturbing, 25% of government debts issued around the world now has negative interest rates.
Negative interest rates mean bond holders have to pay the government to lend them their own money. In Switzerland, some banks have announced they will begin to charge clients 0.75% per year for large deposits. (The banks will actually charge depositors to hold their money rather than paying interest.)
……………………
Consumerism (the Economic Driver) Is Faltering
https://www.usatoday.com/story/money/2019/07/03/2019-store-closings-list-these-retailers-shuttering-locations/1597997001/
The unofficial recession has begun. For some, the transition has been devastating. In 2019, an estimated 12,000 more retail stores are closing.
Places like Sears, JC Penney, Kmart, Best Buy, Macy’s, 390 Family Dollar stores, 650 Dressbarn stores, and 2,100 Payless Shoes stores are closing.
The Gap is shutting 230 stores, Walgreens is shutting 200 stores, Pier 1 is shutting 145 stores, and even Walmart is shutting down 17 stores this year.
Thousands and thousands of people are losing their jobs as a result.
Investment bank UBS estimates another 75,000 retail stores across America may be lost by 2026.
Today’s entire financial system of debt is corrupt, broken, and it will not last.
……………………..
https://www.usatoday.com/story/money/2019/07/03/2019-store-closings-list-these-retailers-shuttering-locations/1597997001/
The unofficial recession has begun. For some, the transition has been devastating. In 2019, an estimated 12,000 more retail stores are closing.
Places like Sears, JC Penney, Kmart, Best Buy, Macy’s, 390 Family Dollar stores, 650 Dressbarn stores, and 2,100 Payless Shoes stores are closing.
The Gap is shutting 230 stores, Walgreens is shutting 200 stores, Pier 1 is shutting 145 stores, and even Walmart is shutting down 17 stores this year.
Thousands and thousands of people are losing their jobs as a result.
Investment bank UBS estimates another 75,000 retail stores across America may be lost by 2026.
Today’s entire financial system of debt is corrupt, broken, and it will not last.
……………………..
Satirical Comment
Bryan Maherhttps://mail.google.com/mail/u/0/#inbox/WhctKJVZtbLdMfDbXqdzwsvjgBgCnwdtQLMhSsCdgKffmWsrnvnRpXNcKfLbtbHklzQtScV (Edited.)
There are some fictions men cherish – cherished because they ease his passage through this world.
Fictions that stocks, like trees, grow to the sky...
That “buy and hold” - over hill, over dale, thorough bush, thorough brier – is the everlasting way to wealth…
That wise and learned experts from ivied institutions can repeal the iron laws of economics…
That a body of 12 Federal Reserve Bank governors can and should determine the value of money for hundreds of millions of independent economic actors...
That deficits do not matter...
That prosperity springs from the printing press, that money and wealth are identical twins, to have money is to have wealth. The examples of Zimbabwe, Venezuela, Argentina, Weimar Germany (the Weimar Republic because of its poor economic decisions and the effect of reparations resulted in hyperinflation), post-WWII Hungary – to name a few – count nothing…
Relatedly, that the addition of water to wine yields more wine. That is, diluting the purchasing power of money yields more money…
That sinking the nation into debt will raise it up into wealth...
That national wealth increases with the reduction of foreign trade. That is, the nation is wealthiest when Americans must pay more at Walmart.
Similarly, that raising the prices of life’s essentials raises the general economic level. See, for example, the Great Depression – when crops were burned and livestock killed – while millions starved…
That negative interest rates are positives.
That democracy – the theory that the individual may be a dunce but a million dunces equal Einstein – is a superior form of government. Or as Mencken labeled democracy, “a pathetic belief in the collective wisdom of individual ignorance.”
Moreover, that all the world’s nations long painfully for American democracy – Baghdad to Kabul, Mogadishu to Damascus, Beijing to Caracas, the name Thomas Jefferson is on all lips, at all times…
And perhaps the most enchanting and permanent of all the world’s delusions…
That this time is different.
………………..
Bryan Maherhttps://mail.google.com/mail/u/0/#inbox/WhctKJVZtbLdMfDbXqdzwsvjgBgCnwdtQLMhSsCdgKffmWsrnvnRpXNcKfLbtbHklzQtScV (Edited.)
There are some fictions men cherish – cherished because they ease his passage through this world.
Fictions that stocks, like trees, grow to the sky...
That “buy and hold” - over hill, over dale, thorough bush, thorough brier – is the everlasting way to wealth…
That wise and learned experts from ivied institutions can repeal the iron laws of economics…
That a body of 12 Federal Reserve Bank governors can and should determine the value of money for hundreds of millions of independent economic actors...
That deficits do not matter...
That prosperity springs from the printing press, that money and wealth are identical twins, to have money is to have wealth. The examples of Zimbabwe, Venezuela, Argentina, Weimar Germany (the Weimar Republic because of its poor economic decisions and the effect of reparations resulted in hyperinflation), post-WWII Hungary – to name a few – count nothing…
Relatedly, that the addition of water to wine yields more wine. That is, diluting the purchasing power of money yields more money…
That sinking the nation into debt will raise it up into wealth...
That national wealth increases with the reduction of foreign trade. That is, the nation is wealthiest when Americans must pay more at Walmart.
Similarly, that raising the prices of life’s essentials raises the general economic level. See, for example, the Great Depression – when crops were burned and livestock killed – while millions starved…
That negative interest rates are positives.
That democracy – the theory that the individual may be a dunce but a million dunces equal Einstein – is a superior form of government. Or as Mencken labeled democracy, “a pathetic belief in the collective wisdom of individual ignorance.”
Moreover, that all the world’s nations long painfully for American democracy – Baghdad to Kabul, Mogadishu to Damascus, Beijing to Caracas, the name Thomas Jefferson is on all lips, at all times…
And perhaps the most enchanting and permanent of all the world’s delusions…
That this time is different.
………………..
Some Principles
Everything in the universes originates from one boundless, infinite, unknowable source. After many periods of manifested existence at ever greater spiritual levels, the universes return to that infinite source.
Presently, Earth’s universes are an organic whole, alive, intelligent, conscious, and divine within the God of Time and Space (The Supreme Being).
Analogy and correspondence provide the fundamental structure and goal for the universes - "As in Heaven, so below".
Soul is involved in this world of matter. It experiences and learns as its person experiences and learns. Following a successful life in the flesh, and upon the death of the person, the soul, the personality, and the Father Fragment (Thought Adjuster) work their way back in a long pilgrimage to the infinite primal source following cyclic patterns.
Evolution realizes experience, self-awareness, and ever increasing perfection. Evolution occurs on the physical, mental, and spiritual planes.
"Survival of the fittest" along with gradual accumulation of small beneficial changes does not explain Darwin’s "origin of the species". The origin of the species is due to intelligent design, not an undirected process such as natural selection.
There is a seven fold constitution of man ranging from the physical plane to the purely spiritual plane.
Thoughts are tangible objects on higher planes. Every thought and action has its effect on us and on our surroundings and has repercussional (cause and effect) consequences.
The higher planes of man’s constitution form the "higher self" and that is what is reborn from flesh, to morontial (midway between flesh and spirit), to spirit life and accumulates the experiences, the lessons, the virtues. The lower planes form the "lower self" and are the vehicle used by the higher self while it is living in this active testing ground of life incarnate (in the flesh).
………………..
Everything in the universes originates from one boundless, infinite, unknowable source. After many periods of manifested existence at ever greater spiritual levels, the universes return to that infinite source.
Presently, Earth’s universes are an organic whole, alive, intelligent, conscious, and divine within the God of Time and Space (The Supreme Being).
Analogy and correspondence provide the fundamental structure and goal for the universes - "As in Heaven, so below".
Soul is involved in this world of matter. It experiences and learns as its person experiences and learns. Following a successful life in the flesh, and upon the death of the person, the soul, the personality, and the Father Fragment (Thought Adjuster) work their way back in a long pilgrimage to the infinite primal source following cyclic patterns.
Evolution realizes experience, self-awareness, and ever increasing perfection. Evolution occurs on the physical, mental, and spiritual planes.
"Survival of the fittest" along with gradual accumulation of small beneficial changes does not explain Darwin’s "origin of the species". The origin of the species is due to intelligent design, not an undirected process such as natural selection.
There is a seven fold constitution of man ranging from the physical plane to the purely spiritual plane.
Thoughts are tangible objects on higher planes. Every thought and action has its effect on us and on our surroundings and has repercussional (cause and effect) consequences.
The higher planes of man’s constitution form the "higher self" and that is what is reborn from flesh, to morontial (midway between flesh and spirit), to spirit life and accumulates the experiences, the lessons, the virtues. The lower planes form the "lower self" and are the vehicle used by the higher self while it is living in this active testing ground of life incarnate (in the flesh).
………………..
The Return of Gold Backed Currencies
Doug Casey.
https://secure.caseyresearch.com/?cid=MKT433164&eid=MKT434169&step=start&plcid=PLC058422&SNAID=SAC0002294885&email=eljoyce4@gmail.com&encryptedSnaid=QWFQh1SyLUXmX%20TIPT3T26tgsbShB0vI4y08y%2FbdKMs%3D&emailjobid=4280118&emailname=20191119-bpf&assetId=AST120626&page=2 (Edited.)
In 2011, as quoted in Business Insider, Doug Casey said, “The dollar is nothing more than a floating abstraction, an IOU-nothing on the part of a manifestly bankrupt government.”
In 2016, Casey wrote, “When people wake up and realize that most banks and governments are bankrupt, they'll flock to gold.”
Normally for gold to soar, bad things have to happen in the economy. But today, stocks are near all-time highs. Unemployment is at record lows, and business seems to be booming.
Casey maintains that the glowing assessment of the economy is a mirage.
He maintains that the so-called prosperity seen over the past decade is an illusion. When the economy nearly collapsed in 2008, Governments and their central banks kept it together by printing up scores of trillions of currency units. Most of that new money flowed into stocks and bonds. That kept the banks, brokers, and insurers from going under, and it made the rich richer.
All the new fiat money encouraged the government, businesses, and the average American to go even further into debt, to live beyond their means.
Casey says that while everything might appear fine, the economy is headed for an inevitable collapse.
Smart investors are trading in their fiat currencies and buying gold because it is the only financial asset that is not some one else’s liability (debt).
Some signs that indicate flight from fiat currencies are:
Recently, Germany demanded 9.6 million ounces of gold back from the Federal Reserve in New York and 12 million ounces from France.
The Central bank of Austria has repatriated 4.5 million ounces of gold from London.
Hungary and Romania have withdrawn their gold from storage in England.
We’ve seen Venezuela ask for its gold back, as well, but the Bank of England refused to comply.
This is unprecedented in modern history. It shows a profound lack of trust in currencies.
The important thing to realize is that gold is about to play a much more important role as money in the years to come. And despite the fact that governments and central bankers dislike gold (because it acts as a discipline upon them), they are buying it.
This is due to a major change in the accounting rules at the Bank for International Settlements (BIS), which is the bank of the central bankers. Gold just took a huge step toward becoming day-to-day money again for the first time in decades.
…………………..
Doug Casey.
https://secure.caseyresearch.com/?cid=MKT433164&eid=MKT434169&step=start&plcid=PLC058422&SNAID=SAC0002294885&email=eljoyce4@gmail.com&encryptedSnaid=QWFQh1SyLUXmX%20TIPT3T26tgsbShB0vI4y08y%2FbdKMs%3D&emailjobid=4280118&emailname=20191119-bpf&assetId=AST120626&page=2 (Edited.)
In 2011, as quoted in Business Insider, Doug Casey said, “The dollar is nothing more than a floating abstraction, an IOU-nothing on the part of a manifestly bankrupt government.”
In 2016, Casey wrote, “When people wake up and realize that most banks and governments are bankrupt, they'll flock to gold.”
Normally for gold to soar, bad things have to happen in the economy. But today, stocks are near all-time highs. Unemployment is at record lows, and business seems to be booming.
Casey maintains that the glowing assessment of the economy is a mirage.
He maintains that the so-called prosperity seen over the past decade is an illusion. When the economy nearly collapsed in 2008, Governments and their central banks kept it together by printing up scores of trillions of currency units. Most of that new money flowed into stocks and bonds. That kept the banks, brokers, and insurers from going under, and it made the rich richer.
All the new fiat money encouraged the government, businesses, and the average American to go even further into debt, to live beyond their means.
Casey says that while everything might appear fine, the economy is headed for an inevitable collapse.
Smart investors are trading in their fiat currencies and buying gold because it is the only financial asset that is not some one else’s liability (debt).
Some signs that indicate flight from fiat currencies are:
Recently, Germany demanded 9.6 million ounces of gold back from the Federal Reserve in New York and 12 million ounces from France.
The Central bank of Austria has repatriated 4.5 million ounces of gold from London.
Hungary and Romania have withdrawn their gold from storage in England.
We’ve seen Venezuela ask for its gold back, as well, but the Bank of England refused to comply.
This is unprecedented in modern history. It shows a profound lack of trust in currencies.
The important thing to realize is that gold is about to play a much more important role as money in the years to come. And despite the fact that governments and central bankers dislike gold (because it acts as a discipline upon them), they are buying it.
This is due to a major change in the accounting rules at the Bank for International Settlements (BIS), which is the bank of the central bankers. Gold just took a huge step toward becoming day-to-day money again for the first time in decades.
…………………..
The Reasons for Using Gold as Money
https://mail.google.com/mail/u/0/#inbox/WhctKJVjMdBTrptdzJqvDMGcLrrPVqBbbPXVkNsxwvHBfSwzDlGFckZfSlbBLspFvcfxnLL
Gold has been used as money for thousands of years because it has a unique combination of qualities. Gold is durable (almost indestructible – that’s why we don’t use food as money), divisible (each divided piece is valuable – that’s why we don’t use artwork as money), convenient (its unit value is very high – that’s why iron isn’t a good money), consistent (all .999 gold is identical – that’s why we don’t use real estate as money), and gold has value in and of itself (which is why we shouldn’t use paper as money). Equally important, governments can’t create gold out of thin air. And gold is the only financial asset that’s not simultaneously someone else’s liability. [Note: The only way to bring dollars into existence is via "debt.” Someone must "borrow" in order to create new dollars. It doesn't matter whether it is a private “owner,” a corporation, or the U.S. Treasury, new dollars cannot be created unless someone "borrows" them into existence. The quandary of assets and liabilities is becoming increasingly complex For example, the largest financial asset held by the federal government is "student loans" that make up 45% of the federal government’s financial assets. One may wonder how this is an asset. Student loans are a $1 trillion yoke on the shoulders of young people who are leaving college with or without a degree and entering a labor market where jobs are not available for most majors. The student loan bubble is not an "asset" for the government. It is a liability to those who owe it and a liability to the government at the same time. It will be seen as a liability to the government when they are forced to foreclose. (Student loans cannot be discharged in bankruptcy.)
………………...
https://mail.google.com/mail/u/0/#inbox/WhctKJVjMdBTrptdzJqvDMGcLrrPVqBbbPXVkNsxwvHBfSwzDlGFckZfSlbBLspFvcfxnLL
Gold has been used as money for thousands of years because it has a unique combination of qualities. Gold is durable (almost indestructible – that’s why we don’t use food as money), divisible (each divided piece is valuable – that’s why we don’t use artwork as money), convenient (its unit value is very high – that’s why iron isn’t a good money), consistent (all .999 gold is identical – that’s why we don’t use real estate as money), and gold has value in and of itself (which is why we shouldn’t use paper as money). Equally important, governments can’t create gold out of thin air. And gold is the only financial asset that’s not simultaneously someone else’s liability. [Note: The only way to bring dollars into existence is via "debt.” Someone must "borrow" in order to create new dollars. It doesn't matter whether it is a private “owner,” a corporation, or the U.S. Treasury, new dollars cannot be created unless someone "borrows" them into existence. The quandary of assets and liabilities is becoming increasingly complex For example, the largest financial asset held by the federal government is "student loans" that make up 45% of the federal government’s financial assets. One may wonder how this is an asset. Student loans are a $1 trillion yoke on the shoulders of young people who are leaving college with or without a degree and entering a labor market where jobs are not available for most majors. The student loan bubble is not an "asset" for the government. It is a liability to those who owe it and a liability to the government at the same time. It will be seen as a liability to the government when they are forced to foreclose. (Student loans cannot be discharged in bankruptcy.)
………………...
The BIS Rule Change (Continued)
Casey is confident that the world is now in the early stages of a huge gold bull market. One big reason is the rule change the BIS recently made to its accounting principles for gold. This rule change is called Basel III. It is a set of international banking regulations developed by the Bank for International Settlements to promote stability in the international financial system. The Basel III regulations are designed to reduce damage to the economy by banks that take on excess risk.
Most people don’t realize that from 1792, until Roosevelt first devalued the dollar in 1933, the U.S. dollar was just a name for 1/20th of an ounce of gold.
Gold literally was money. Money, all over the world, was measured in terms of gold until 1933.
In 1933, the Roosevelt administration forced all Americans to turn in their gold coins and bullion.
Now, the world is being forced to move away from unbacked paper currencies that can be created out of nothing by bankrupt governments. It’s returning to a gold-backed financial system – the old “gold standard” of the past.
For decades after 1933, governments around the world kept using gold to settle their accounts. But common folks were forbidden from doing so until 1974.
In 1974, President Gerald Ford lifted the ban on gold. And for the first time in over 40 years, Americans were able to own gold again.
And the price of gold took off from $35 an ounce to $850.
The new central bank protocol introduced in January of 2019 by the BIS alters the way central banks account for gold. Instead of seeing gold as a speculation – it is now considered to be a liquid asset.
Instead of having gold on their books at $42.22 – the current official price – or some other arbitrary number, they can mark its value to the market.
Since this new gold rule passed, central banks – from the Bank of China to Russia’s Central Bank to The Bank of Poland have been accumulating gold at a blistering pace.
………………..
Casey is confident that the world is now in the early stages of a huge gold bull market. One big reason is the rule change the BIS recently made to its accounting principles for gold. This rule change is called Basel III. It is a set of international banking regulations developed by the Bank for International Settlements to promote stability in the international financial system. The Basel III regulations are designed to reduce damage to the economy by banks that take on excess risk.
Most people don’t realize that from 1792, until Roosevelt first devalued the dollar in 1933, the U.S. dollar was just a name for 1/20th of an ounce of gold.
Gold literally was money. Money, all over the world, was measured in terms of gold until 1933.
In 1933, the Roosevelt administration forced all Americans to turn in their gold coins and bullion.
Now, the world is being forced to move away from unbacked paper currencies that can be created out of nothing by bankrupt governments. It’s returning to a gold-backed financial system – the old “gold standard” of the past.
For decades after 1933, governments around the world kept using gold to settle their accounts. But common folks were forbidden from doing so until 1974.
In 1974, President Gerald Ford lifted the ban on gold. And for the first time in over 40 years, Americans were able to own gold again.
And the price of gold took off from $35 an ounce to $850.
The new central bank protocol introduced in January of 2019 by the BIS alters the way central banks account for gold. Instead of seeing gold as a speculation – it is now considered to be a liquid asset.
Instead of having gold on their books at $42.22 – the current official price – or some other arbitrary number, they can mark its value to the market.
Since this new gold rule passed, central banks – from the Bank of China to Russia’s Central Bank to The Bank of Poland have been accumulating gold at a blistering pace.
………………..
The BIS Rule Change (Continued)
There are two things to know about Basel III.
One, this gold rule was passed by what some consider to be the most powerful bank in the world, the Bank of International Settlements (BIS).
They’re basically a clearing house for central banks, including the U.S. Federal Reserve.
Casey suspects BIS changed their accounting rules for gold because most of the world’s central banks – like most of the world’s governments – are actually bankrupt.
Whatever the BIS does has an immediate impact on the global gold market because it reflects the needs of its members.
Until recently, if a central bank wanted to hold gold – they were free to do so, but they were penalized.
The previous rule treated gold as a “Tier 3” asset, which is a risky asset. Not as safe as cash or the bonds of a credit-worthy nation.
But, with this new rule, banks can treat gold as a “Tier 1” asset – basically the same as cash.
So essentially, the BIS has admitted gold is a currency. And they’re legally treating it that way.
Since the Bretton Woods agreement after World War II, all the world’s governments agreed to use the U.S. dollar as the equivalent of gold.
However, since Nixon devalued the dollar in 1971, it has become a floating abstraction. But all the world’s commodities, most importantly oil, are priced in dollars.
Even when Russia and China trade with each other, they generally have to use dollars clearing through New York. The reason is because they don’t trust each other’s paper rubles and yuan.
Everybody uses dollars even though they know both the U.S. Government and the Federal Reserve Bank are basically bankrupt.
The Russians and the Chinese, in particular, don’t want to use dollars – it is the paper currency of their mutual adversary.
But they don’t trust each other’s currencies either. That’s why they have both been big gold buyers – getting rid of U.S. dollars for gold. Other central banks are following their lead for the same reasons.
The change in BIS rules reflects a change in the world’s financial realities.
And that’s why the big central banks are buying gold faster than at almost any time in history.
Remember, the central banks are rivals. They don’t trust each other. And they’re quickly losing faith in one another’s paper money.
That’s why they’re all starting to bring back their gold from overseas.
And now, for the first time in decades they’re allowed to treat gold as a currency – not a speculation.
……………..
There are two things to know about Basel III.
One, this gold rule was passed by what some consider to be the most powerful bank in the world, the Bank of International Settlements (BIS).
They’re basically a clearing house for central banks, including the U.S. Federal Reserve.
Casey suspects BIS changed their accounting rules for gold because most of the world’s central banks – like most of the world’s governments – are actually bankrupt.
Whatever the BIS does has an immediate impact on the global gold market because it reflects the needs of its members.
Until recently, if a central bank wanted to hold gold – they were free to do so, but they were penalized.
The previous rule treated gold as a “Tier 3” asset, which is a risky asset. Not as safe as cash or the bonds of a credit-worthy nation.
But, with this new rule, banks can treat gold as a “Tier 1” asset – basically the same as cash.
So essentially, the BIS has admitted gold is a currency. And they’re legally treating it that way.
Since the Bretton Woods agreement after World War II, all the world’s governments agreed to use the U.S. dollar as the equivalent of gold.
However, since Nixon devalued the dollar in 1971, it has become a floating abstraction. But all the world’s commodities, most importantly oil, are priced in dollars.
Even when Russia and China trade with each other, they generally have to use dollars clearing through New York. The reason is because they don’t trust each other’s paper rubles and yuan.
Everybody uses dollars even though they know both the U.S. Government and the Federal Reserve Bank are basically bankrupt.
The Russians and the Chinese, in particular, don’t want to use dollars – it is the paper currency of their mutual adversary.
But they don’t trust each other’s currencies either. That’s why they have both been big gold buyers – getting rid of U.S. dollars for gold. Other central banks are following their lead for the same reasons.
The change in BIS rules reflects a change in the world’s financial realities.
And that’s why the big central banks are buying gold faster than at almost any time in history.
Remember, the central banks are rivals. They don’t trust each other. And they’re quickly losing faith in one another’s paper money.
That’s why they’re all starting to bring back their gold from overseas.
And now, for the first time in decades they’re allowed to treat gold as a currency – not a speculation.
……………..
The BIS Rule Change (Continued)
So the central banks are aggressively buying gold. And that’s why we’re seeing the price of gold soar, because of the new BIS rule.
Gold has only moved from about $1,100 at its last bottom in 2015 to $1,500 today.
The new gold bull market is just getting started. We’re seeing the same bump in gold prices that happened in the mid-1970s, after Gerald Ford made owning gold legal again for Americans.
What the BIS has done, essentially, is plant the seeds of a new gold standard.
Their new protocol will have a huge impact.
Casey feels it is impossible to know exactly how high gold will go. There’s really no limit – it’s only a question of how many dollars the Federal Reserve creates. But $5,000 in the current cycle is conservative.
Gold could soar as high as Bitcoin. Gold and Bitcoin are both good alternatives to paper money.
According to the Federal Reserve, there are $1.7 trillion paper bills – mostly $100 bills – in circulation.
Nobody knows, but there are well over $10 trillion outside the US, owned by foreigners. Unlike Americans, they don’t have to hold dollars.
The broad basic money supply, is about $14.8 trillion.
As of August 2019, the government’s official debt was $22.4 trillion. And it’s adding well over a trillion more per year.
The government says we have about 258.6 million ounces of gold on deposit, mostly at Ft. Knox where America’s gold supply is stored.
For gold to cover just the paper currency we’ve printed, it would have to reach $6,570 an ounce.
…………………..
So the central banks are aggressively buying gold. And that’s why we’re seeing the price of gold soar, because of the new BIS rule.
Gold has only moved from about $1,100 at its last bottom in 2015 to $1,500 today.
The new gold bull market is just getting started. We’re seeing the same bump in gold prices that happened in the mid-1970s, after Gerald Ford made owning gold legal again for Americans.
What the BIS has done, essentially, is plant the seeds of a new gold standard.
Their new protocol will have a huge impact.
Casey feels it is impossible to know exactly how high gold will go. There’s really no limit – it’s only a question of how many dollars the Federal Reserve creates. But $5,000 in the current cycle is conservative.
Gold could soar as high as Bitcoin. Gold and Bitcoin are both good alternatives to paper money.
According to the Federal Reserve, there are $1.7 trillion paper bills – mostly $100 bills – in circulation.
Nobody knows, but there are well over $10 trillion outside the US, owned by foreigners. Unlike Americans, they don’t have to hold dollars.
The broad basic money supply, is about $14.8 trillion.
As of August 2019, the government’s official debt was $22.4 trillion. And it’s adding well over a trillion more per year.
The government says we have about 258.6 million ounces of gold on deposit, mostly at Ft. Knox where America’s gold supply is stored.
For gold to cover just the paper currency we’ve printed, it would have to reach $6,570 an ounce.
…………………..
The BIS Rule Change (Continued)
Hyperinflation
Casey also explained the difference between a crisis of hyperinflation and the purchasing power of the dollar by asking if it cost more or less to buy a house today? Or to buy anything – a sandwich, a newspaper, or a car?
Prices are not going up, he explained. In reality, it is the dollar’s value that is going down. It has already lost about 97% of its value (by the government’s own figures) since the Fed, our central bank, was created in 1913. And things are now starting to get really serious.
He cites a second example of a currency’s loss of value is the British pound, which has been around for nearly 1,300 years. The pound has been a terrible store of value. The British pound was originally worth one pound of sterling silver. Then in the 19th century, it was redefined as 0.23 ounces of gold.
At today’s silver prices, an original British pound would be worth around $278. At today’s gold prices it would be worth about $350.
But instead, a single British pound is only worth $1.23. Barely enough to buy a 2-liter bottle of Coca-Cola.
In other words, the U.S. dollar and the British pound – which have been the best currencies in the world – have been financial disasters, like most currencies that have gone to zero over and over again.
This is why so many financially sophisticated people are now stocking up on millions of ounces of gold.
………………
Hyperinflation
Casey also explained the difference between a crisis of hyperinflation and the purchasing power of the dollar by asking if it cost more or less to buy a house today? Or to buy anything – a sandwich, a newspaper, or a car?
Prices are not going up, he explained. In reality, it is the dollar’s value that is going down. It has already lost about 97% of its value (by the government’s own figures) since the Fed, our central bank, was created in 1913. And things are now starting to get really serious.
He cites a second example of a currency’s loss of value is the British pound, which has been around for nearly 1,300 years. The pound has been a terrible store of value. The British pound was originally worth one pound of sterling silver. Then in the 19th century, it was redefined as 0.23 ounces of gold.
At today’s silver prices, an original British pound would be worth around $278. At today’s gold prices it would be worth about $350.
But instead, a single British pound is only worth $1.23. Barely enough to buy a 2-liter bottle of Coca-Cola.
In other words, the U.S. dollar and the British pound – which have been the best currencies in the world – have been financial disasters, like most currencies that have gone to zero over and over again.
This is why so many financially sophisticated people are now stocking up on millions of ounces of gold.
………………
Land and Civilization
The basic struggle of man has always been for land. The land-man ratio underlies all social civilization.
Man’s intelligence, by means of the arts of living and the sciences, increased the yield of the possessed land. Bringing the number of offspring under control, provided the sustenance and leisure to build a cultural civilization.
Human society is controlled by a law that decrees that the population must vary directly in accordance with the land arts and inversely with a given standard of living. The law of supply and demand as concerned men and land determined the estimated value of both. During the times of plentiful land – unoccupied territory – the need for more men was great, and therefore the value of human life was much enhanced. The loss of life was more horrifying. During periods of land scarcity and associated overpopulation, human life became comparatively cheapened so that war, famine, and pestilence were regarded with less concern.
When the land yield is reduced or the population is increased, the inevitable struggle is renewed; the very worst traits of human nature are brought to the surface. The improvement of the land yield, the extension of the mechanical arts, and the reduction of population all tend to foster the development of the better side of human nature.
A frontier society develops the unskilled side of humanity. The fine arts and true scientific progress, together with spiritual culture, thrive best in the larger centers of life when supported by an agricultural and industrial population slightly under the land-man ratio. Cities multiply the power of their inhabitants for either good or evil.
Family size is influenced by the standard of living. The higher the standard of living, the smaller the family, up to the point of established status or gradual extinction.
Through the ages the standards of living have determined the quality of a surviving population in contrast with mere quantity. When standards of living become too complicated or too luxurious, they speedily become suicidal. Caste is the direct result of the high social pressure of keen competition produced by dense populations.
……………….
The basic struggle of man has always been for land. The land-man ratio underlies all social civilization.
Man’s intelligence, by means of the arts of living and the sciences, increased the yield of the possessed land. Bringing the number of offspring under control, provided the sustenance and leisure to build a cultural civilization.
Human society is controlled by a law that decrees that the population must vary directly in accordance with the land arts and inversely with a given standard of living. The law of supply and demand as concerned men and land determined the estimated value of both. During the times of plentiful land – unoccupied territory – the need for more men was great, and therefore the value of human life was much enhanced. The loss of life was more horrifying. During periods of land scarcity and associated overpopulation, human life became comparatively cheapened so that war, famine, and pestilence were regarded with less concern.
When the land yield is reduced or the population is increased, the inevitable struggle is renewed; the very worst traits of human nature are brought to the surface. The improvement of the land yield, the extension of the mechanical arts, and the reduction of population all tend to foster the development of the better side of human nature.
A frontier society develops the unskilled side of humanity. The fine arts and true scientific progress, together with spiritual culture, thrive best in the larger centers of life when supported by an agricultural and industrial population slightly under the land-man ratio. Cities multiply the power of their inhabitants for either good or evil.
Family size is influenced by the standard of living. The higher the standard of living, the smaller the family, up to the point of established status or gradual extinction.
Through the ages the standards of living have determined the quality of a surviving population in contrast with mere quantity. When standards of living become too complicated or too luxurious, they speedily become suicidal. Caste is the direct result of the high social pressure of keen competition produced by dense populations.
……………….
History Repeats
Ray Dalio (Edited.)
https://moneyandmarkets.com/ray-dalio-principles-new-world-order/?post_ids=16149,15874,15864,15442,14978&utm_source=MAM-Newsletter&utm_medium=Email&utm_campaign=Daily-Article-Traffic
Bridgewater Associates founder and market historian, Ray Dalio said history is repeating itself as we enter a new phase not unlike what we saw in 1944, which will bring about a “New World Order” over the next decade.
Speaking at a New Economy Forum in Beijing, Dalio explained his perspective. It isn’t based on any system of economic or political theory and policy, but like a machine of cause and effect relationships.
The economy works like a perpetual-motion machine, It has long-term cycles and short-term cycles. I’ve learned that whenever I’ve made a mistake, many things happened that didn’t happen in my lifetime, but happened previously. I would like to describe how the machine works, and where I think we are because the same things happen over and over again through history, and many generations.
There are four major drivers. First, there is (1) productivity. In other words, over a period of time, our living standards rise because we learn how to do things better and we get more output per man hour. Then, there are (2) cycles: a short-term debt cycle of recession and expansion. The economy becomes too weak, inflation is low, monetary policy creates credit, credit creates demand and then you have a tightening of monetary policy, and then we have a recession. Around that is also a (3) long-term debt cycle, which is an accumulation of these other cycles, in which there is a cycle that ends, largely, when you have a situation where you hit zero interest rates, and then you print money but it is not as effective keeping prosperity alive.
And then, of course, there is (4) politics.
Dalio explained that the period we’re in now is both like and unlike previous periods because we are experiencing technological advances like nothing the world has ever seen before.
Technology, such as artificial intelligence, is replacing people’s jobs. It’s great for the whole but it changes the nature of the economic environment, and that’s going to have very important consequences in the years ahead.
Regarding the short-term debt cycle (the business cycle), we are 10 years into the current expansion. And many of the Federal Reserve and government stimulants that were implemented will be dissipating. We won’t have many more interest rate cuts (once we hit zero), and we won’t have more tax cuts, and this is true around the world as there are obligations to contend with.
We are entering a period that is a big sag – not a debt crisis, but a lot of obligations, particularly in the mature reserve-currency countries. The obligations include pensions, health care and the large deficits that will have to be monetized. They will have to print more money to deal with those obligations. That is a reserve currency issue.
[Note: As a result of the Bretton Woods Agreement, the U.S dollar was officially crowned the world's reserve currency, backed by the world's largest gold reserves. Instead of gold reserves, other countries accumulated reserves of U.S. dollars. A reserve currency is a large quantity of currency maintained by central banks and other major financial institutions to prepare for investments, transactions and international debt obligations, or to influence their domestic exchange rate.]
But, back to cause and effect, this means that monetary policy simply won’t work as well as it has before, which will bring about a New World Order.
That enters the political realm of coordination of fiscal and monetary policy (with a new world currency) in the New World Order. Because of the politics (dealing with the poor and unemployed), the wealth gap will widen. And with that, there will be an opportunity gap and a values gap (inequalities between groups). That’s because money buys financial assets, which makes financial assets go up and those who have financial assets have a lot more money. Technology is creating wider spreads; it benefits companies, but it also displaces people, and that increases globalization (migration).
And then we have a rising world power (China) butting up against the established global power (the U.S.A.) as well as a new monetary system in cryptocurrencies like Bitcoin.
With the issues of the rising of a great power in the form of China, and the United States having its relative decline, we’re at a point that I think is very similar to 1944 when America was the rising power, and so began a New World Order.
There was also a new monetary system. In 1944, the dollar reserve currency-based monetary system was established. A repetition of that is going to really change the world order again in dramatic ways in the next 10 years.
………………..
Ray Dalio (Edited.)
https://moneyandmarkets.com/ray-dalio-principles-new-world-order/?post_ids=16149,15874,15864,15442,14978&utm_source=MAM-Newsletter&utm_medium=Email&utm_campaign=Daily-Article-Traffic
Bridgewater Associates founder and market historian, Ray Dalio said history is repeating itself as we enter a new phase not unlike what we saw in 1944, which will bring about a “New World Order” over the next decade.
Speaking at a New Economy Forum in Beijing, Dalio explained his perspective. It isn’t based on any system of economic or political theory and policy, but like a machine of cause and effect relationships.
The economy works like a perpetual-motion machine, It has long-term cycles and short-term cycles. I’ve learned that whenever I’ve made a mistake, many things happened that didn’t happen in my lifetime, but happened previously. I would like to describe how the machine works, and where I think we are because the same things happen over and over again through history, and many generations.
There are four major drivers. First, there is (1) productivity. In other words, over a period of time, our living standards rise because we learn how to do things better and we get more output per man hour. Then, there are (2) cycles: a short-term debt cycle of recession and expansion. The economy becomes too weak, inflation is low, monetary policy creates credit, credit creates demand and then you have a tightening of monetary policy, and then we have a recession. Around that is also a (3) long-term debt cycle, which is an accumulation of these other cycles, in which there is a cycle that ends, largely, when you have a situation where you hit zero interest rates, and then you print money but it is not as effective keeping prosperity alive.
And then, of course, there is (4) politics.
Dalio explained that the period we’re in now is both like and unlike previous periods because we are experiencing technological advances like nothing the world has ever seen before.
Technology, such as artificial intelligence, is replacing people’s jobs. It’s great for the whole but it changes the nature of the economic environment, and that’s going to have very important consequences in the years ahead.
Regarding the short-term debt cycle (the business cycle), we are 10 years into the current expansion. And many of the Federal Reserve and government stimulants that were implemented will be dissipating. We won’t have many more interest rate cuts (once we hit zero), and we won’t have more tax cuts, and this is true around the world as there are obligations to contend with.
We are entering a period that is a big sag – not a debt crisis, but a lot of obligations, particularly in the mature reserve-currency countries. The obligations include pensions, health care and the large deficits that will have to be monetized. They will have to print more money to deal with those obligations. That is a reserve currency issue.
[Note: As a result of the Bretton Woods Agreement, the U.S dollar was officially crowned the world's reserve currency, backed by the world's largest gold reserves. Instead of gold reserves, other countries accumulated reserves of U.S. dollars. A reserve currency is a large quantity of currency maintained by central banks and other major financial institutions to prepare for investments, transactions and international debt obligations, or to influence their domestic exchange rate.]
But, back to cause and effect, this means that monetary policy simply won’t work as well as it has before, which will bring about a New World Order.
That enters the political realm of coordination of fiscal and monetary policy (with a new world currency) in the New World Order. Because of the politics (dealing with the poor and unemployed), the wealth gap will widen. And with that, there will be an opportunity gap and a values gap (inequalities between groups). That’s because money buys financial assets, which makes financial assets go up and those who have financial assets have a lot more money. Technology is creating wider spreads; it benefits companies, but it also displaces people, and that increases globalization (migration).
And then we have a rising world power (China) butting up against the established global power (the U.S.A.) as well as a new monetary system in cryptocurrencies like Bitcoin.
With the issues of the rising of a great power in the form of China, and the United States having its relative decline, we’re at a point that I think is very similar to 1944 when America was the rising power, and so began a New World Order.
There was also a new monetary system. In 1944, the dollar reserve currency-based monetary system was established. A repetition of that is going to really change the world order again in dramatic ways in the next 10 years.
………………..
Tom Dyson’s Dow-Gold Advice
Post Cards from the Fringe - (Edited) https://mail.google.com/mail/u/0/#inbox/WhctKJVjPdrdLWZjbbQKxDSKxqPTVXgrhsjCnjTlsQwsDCGGTXnkGwFfXKvsFFnRmjZjLXQ
Perhaps there is a way for the middle class investor to invest without competing with algorithmic trading computers and rigged stock purchasing.
I’ve spent the last year on sabbatical. I have had a lot of spare time. I’ve used this time to read about… think about... and fill up notebooks about macroeconomics.
After hundreds of hours considering all the facts, this is my conclusion:
America’s business model over the last 70 years was based on running a deficit with foreign exporters, like Japan, South Korea, Germany, and most recently, China... thereby exporting dollars (and the industrial base) to the rest of the world... and then bringing those dollars (but not the factories) back home in the form of cheap loans to the U.S. Treasury.
This “business model” broke in 2013/14 when China and other sovereign creditors reduced the flow of cheap loans they were supplying to the Treasury (by buying Treasury bonds).
The International Monetary Fund’s data on global currency reserves shows that: the federal government is now in the early stages of insolvency; that the Federal Reserve is about to “bailout” the Treasury, so there won’t be a “hard” default or a credit crunch.
We can watch the bailout in real-time by watching the Federal Reserve’s balance sheet increase. (The bailout started in September, 2019.)
The expansion of the Fed’s balance sheet to finance the Treasury will lead (sooner or later – the timing is not predictable) to a major devaluation of the dollar, inflation, and what we might call a “slow-motion” or “soft” default.
Recessions – of which several must be coming soon – will escalate the size and scope of the bailout.
No one in mainstream finance/economics talks about this. This is a “fringe” view, which is normal before big shifts in the prevailing world order.
But that is exactly why it is such an exciting idea to me as a stock market speculator. Because when the masses figure this out, it’s going to cause a historic rise in the price of gold and silver. (Actually, there are at least two parties that are preparing…the Chinese and the Russian governments have been buying tons and tons of gold. It is unlikely that they would be doing this if they weren’t expecting a devaluation in the dollar.)
And it is why I have converted all our family savings to gold and silver, where we’ll keep them until the Dow-to-Gold ratio falls below 5. [Note: The ratio of the Dow Jones Industrial Average to the price of gold tells you how many ounces of gold it takes to buy the Dow stocks. The Dow-to-Gold ratio is a guide for when to get in and out of stocks. When the ratio goes below 5, buy equal shares of the best dividend-raising companies in the world in the Dow Jones Industrial Average index. When the ratio goes above 15, sell the Dow and buy gold.]
This is my simple strategy for getting wealthy with public investments over the next 20 years.
Right now, stocks are extremely overvalued, as in breaking records. This is one of those rare times when you sell stocks and turn it all into gold.
I sold everything I owned, and turned everything into gold last year. Now I am waiting for the moment when everyone dislikes and fears gold and wants to sell.
I conservatively expect to quadruple our family’s money over the next nine years. And then quadruple it again over the following 10 years (a 15x return).
The first quadruple comes from the Dow-to-Gold ratio falling from 19 (where it is today) to below 5.
The second quadruple comes from the effect of buying the world’s best dividend-raising stocks at low valuations and compounding growing dividends for another 10 years.
………………….
Post Cards from the Fringe - (Edited) https://mail.google.com/mail/u/0/#inbox/WhctKJVjPdrdLWZjbbQKxDSKxqPTVXgrhsjCnjTlsQwsDCGGTXnkGwFfXKvsFFnRmjZjLXQ
Perhaps there is a way for the middle class investor to invest without competing with algorithmic trading computers and rigged stock purchasing.
I’ve spent the last year on sabbatical. I have had a lot of spare time. I’ve used this time to read about… think about... and fill up notebooks about macroeconomics.
After hundreds of hours considering all the facts, this is my conclusion:
America’s business model over the last 70 years was based on running a deficit with foreign exporters, like Japan, South Korea, Germany, and most recently, China... thereby exporting dollars (and the industrial base) to the rest of the world... and then bringing those dollars (but not the factories) back home in the form of cheap loans to the U.S. Treasury.
This “business model” broke in 2013/14 when China and other sovereign creditors reduced the flow of cheap loans they were supplying to the Treasury (by buying Treasury bonds).
The International Monetary Fund’s data on global currency reserves shows that: the federal government is now in the early stages of insolvency; that the Federal Reserve is about to “bailout” the Treasury, so there won’t be a “hard” default or a credit crunch.
We can watch the bailout in real-time by watching the Federal Reserve’s balance sheet increase. (The bailout started in September, 2019.)
The expansion of the Fed’s balance sheet to finance the Treasury will lead (sooner or later – the timing is not predictable) to a major devaluation of the dollar, inflation, and what we might call a “slow-motion” or “soft” default.
Recessions – of which several must be coming soon – will escalate the size and scope of the bailout.
No one in mainstream finance/economics talks about this. This is a “fringe” view, which is normal before big shifts in the prevailing world order.
But that is exactly why it is such an exciting idea to me as a stock market speculator. Because when the masses figure this out, it’s going to cause a historic rise in the price of gold and silver. (Actually, there are at least two parties that are preparing…the Chinese and the Russian governments have been buying tons and tons of gold. It is unlikely that they would be doing this if they weren’t expecting a devaluation in the dollar.)
And it is why I have converted all our family savings to gold and silver, where we’ll keep them until the Dow-to-Gold ratio falls below 5. [Note: The ratio of the Dow Jones Industrial Average to the price of gold tells you how many ounces of gold it takes to buy the Dow stocks. The Dow-to-Gold ratio is a guide for when to get in and out of stocks. When the ratio goes below 5, buy equal shares of the best dividend-raising companies in the world in the Dow Jones Industrial Average index. When the ratio goes above 15, sell the Dow and buy gold.]
This is my simple strategy for getting wealthy with public investments over the next 20 years.
Right now, stocks are extremely overvalued, as in breaking records. This is one of those rare times when you sell stocks and turn it all into gold.
I sold everything I owned, and turned everything into gold last year. Now I am waiting for the moment when everyone dislikes and fears gold and wants to sell.
I conservatively expect to quadruple our family’s money over the next nine years. And then quadruple it again over the following 10 years (a 15x return).
The first quadruple comes from the Dow-to-Gold ratio falling from 19 (where it is today) to below 5.
The second quadruple comes from the effect of buying the world’s best dividend-raising stocks at low valuations and compounding growing dividends for another 10 years.
………………….
Harry Dent’s Advice Regarding the New World Order
https://pro.dentresearch.com/p/BNBSL/MBNBVB26/?a=13&o=157797&s=185727&u=6425469&l=2792222&r=MC2&vid=ULF3bA&g=0&h=true (Edited.)
Insider Information
In exchange for their “tireless efforts” as public servants, our elected congressional people receive generous pensions guaranteed for life, and access to some of the best (and cheapest) medical coverage in the country. While in office, they also have access to excellent “insider information for their investments, with the opportunity to wind up millions of dollars richer at the end of their terms.
This is why it should come as no surprise that more than half of Congressmen have an average net worth of $1.1 million making them 12 times richer than the median US household.
The total wealth of all current members of the 115th Congress is more than $2.43 billion… a 20% increase from the previous Congress.
The wealthy elected officials on Capitol Hill have gotten richer and richer. They were virtually unscathed by the 2008-09 financial crisis.
Meanwhile, almost half of all Americans can’t afford a $400 emergency expense.
51 million households – nearly 43% of all Americans – can’t afford basic necessities like rent, food, child care, and healthcare.
30% of households have zero or negative net worth – the highest ever in history.
Cash (Uninvested Money)
The world’s 2,743 billionaires are hoarding epic amounts of cash - 22.2% of their total net worth, totaling a combined $1.7 trillion. It’s the largest cash position ever recorded.
Like the millionaires, if you know a massive economic reset is coming, you too should consider hoarding cash, if you have any.
It may enable you to invest in cheaper stock and real estate after the soft crash.
………………...
https://pro.dentresearch.com/p/BNBSL/MBNBVB26/?a=13&o=157797&s=185727&u=6425469&l=2792222&r=MC2&vid=ULF3bA&g=0&h=true (Edited.)
Insider Information
In exchange for their “tireless efforts” as public servants, our elected congressional people receive generous pensions guaranteed for life, and access to some of the best (and cheapest) medical coverage in the country. While in office, they also have access to excellent “insider information for their investments, with the opportunity to wind up millions of dollars richer at the end of their terms.
This is why it should come as no surprise that more than half of Congressmen have an average net worth of $1.1 million making them 12 times richer than the median US household.
The total wealth of all current members of the 115th Congress is more than $2.43 billion… a 20% increase from the previous Congress.
The wealthy elected officials on Capitol Hill have gotten richer and richer. They were virtually unscathed by the 2008-09 financial crisis.
Meanwhile, almost half of all Americans can’t afford a $400 emergency expense.
51 million households – nearly 43% of all Americans – can’t afford basic necessities like rent, food, child care, and healthcare.
30% of households have zero or negative net worth – the highest ever in history.
Cash (Uninvested Money)
The world’s 2,743 billionaires are hoarding epic amounts of cash - 22.2% of their total net worth, totaling a combined $1.7 trillion. It’s the largest cash position ever recorded.
Like the millionaires, if you know a massive economic reset is coming, you too should consider hoarding cash, if you have any.
It may enable you to invest in cheaper stock and real estate after the soft crash.
………………...
The Role of Institutionalized Religion in the New World Order
Religion must become a forceful influence for moral stability and spiritual progression functioning dynamically in the midst of the ever-changing conditions and unending economic adjustments.
The paramount mission of religion as a social influence is to stabilize the ideals of mankind during these dangerous times of transition from one phase of civilization to another, from one level of culture to another.
Religion has no new duties to perform, but it is urgently called upon to function as a wise guide and experienced counselor in all of these new and rapidly changing human situations. Society is becoming more mechanical, more compact, more complex, and more critically interdependent. Religion must function to prevent these new and intimate inter associations from becoming mutually retrogressive or even destructive.
The coming new social relations and economic upheavals can result in lasting brotherhood only by the ministry of religion.
A godless humanitarianism is, humanly speaking, a noble gesture, but true religion is the only power that can lastingly increase the responsiveness of one social group to the needs and sufferings of other groups. In the past, institutional religion could remain passive while the upper strata of society turned a deaf ear to the sufferings and oppression of the helpless lower strata, but in modern times these lower social orders are no longer so abjectly ignorant nor so politically helpless.
……………...
Religion must become a forceful influence for moral stability and spiritual progression functioning dynamically in the midst of the ever-changing conditions and unending economic adjustments.
The paramount mission of religion as a social influence is to stabilize the ideals of mankind during these dangerous times of transition from one phase of civilization to another, from one level of culture to another.
Religion has no new duties to perform, but it is urgently called upon to function as a wise guide and experienced counselor in all of these new and rapidly changing human situations. Society is becoming more mechanical, more compact, more complex, and more critically interdependent. Religion must function to prevent these new and intimate inter associations from becoming mutually retrogressive or even destructive.
The coming new social relations and economic upheavals can result in lasting brotherhood only by the ministry of religion.
A godless humanitarianism is, humanly speaking, a noble gesture, but true religion is the only power that can lastingly increase the responsiveness of one social group to the needs and sufferings of other groups. In the past, institutional religion could remain passive while the upper strata of society turned a deaf ear to the sufferings and oppression of the helpless lower strata, but in modern times these lower social orders are no longer so abjectly ignorant nor so politically helpless.
……………...
Social Immaturity
The time unit of immaturity concentrates meaning-value (one's judgment of what is important in life) into the present moment in such a way as to divorce the present of its true relationship to the not-present (the past-future). The time unit of maturity is proportioned so to reveal the coordinate relationship of past-present-future that the self begins to gain insight into the wholeness of events, begins to view the landscape of time from the panoramic perspective of broadened horizons, begins to suspect the non beginning, non ending eternal continuum, the fragments of which are called time.
On the levels of the infinite and the absolute the moment of the present contains all of the past as well as all of the future. On the absolute and eternal level, potential reality is just as meaningful as actual reality. Only on the finite level and to time-bound creatures does there appear to be such a vast difference. To God, as absolute, an ascending mortal who has made the eternal decision is already a Paradise finaliter. But the Universal Father, through the indwelling Thought Adjuster, is not thus limited in awareness but can also know of, and participate in, every temporal struggle with the problems of the creature ascent from animal like to Godlike levels of existence.
……………….
The time unit of immaturity concentrates meaning-value (one's judgment of what is important in life) into the present moment in such a way as to divorce the present of its true relationship to the not-present (the past-future). The time unit of maturity is proportioned so to reveal the coordinate relationship of past-present-future that the self begins to gain insight into the wholeness of events, begins to view the landscape of time from the panoramic perspective of broadened horizons, begins to suspect the non beginning, non ending eternal continuum, the fragments of which are called time.
On the levels of the infinite and the absolute the moment of the present contains all of the past as well as all of the future. On the absolute and eternal level, potential reality is just as meaningful as actual reality. Only on the finite level and to time-bound creatures does there appear to be such a vast difference. To God, as absolute, an ascending mortal who has made the eternal decision is already a Paradise finaliter. But the Universal Father, through the indwelling Thought Adjuster, is not thus limited in awareness but can also know of, and participate in, every temporal struggle with the problems of the creature ascent from animal like to Godlike levels of existence.
……………….
Separation of Church and State
Organized or institutional religion must not become organically involved in the secular work of social reconstruction and economic reorganization. But it must actively keep pace with all these advances in civilization by making clear-cut and vigorous restatements of its moral mandates and spiritual precepts, its progressive philosophy of human living and transcendent survival. The spirit of religion is eternal, but the form of its expression must be restated every time the dictionary of human language is revised.
Ethical Awakening
Only ethical consciousness can unmask the immorality of human intolerance and the sinfulness of fratricidal strife. Only a moral conscience can condemn the evils of national envy and racial jealousy. Only moral beings will ever seek for that spiritual insight which is essential to living the golden rule, “Do unto others as you would have them do unto you.”
………………..
Organized or institutional religion must not become organically involved in the secular work of social reconstruction and economic reorganization. But it must actively keep pace with all these advances in civilization by making clear-cut and vigorous restatements of its moral mandates and spiritual precepts, its progressive philosophy of human living and transcendent survival. The spirit of religion is eternal, but the form of its expression must be restated every time the dictionary of human language is revised.
Ethical Awakening
Only ethical consciousness can unmask the immorality of human intolerance and the sinfulness of fratricidal strife. Only a moral conscience can condemn the evils of national envy and racial jealousy. Only moral beings will ever seek for that spiritual insight which is essential to living the golden rule, “Do unto others as you would have them do unto you.”
………………..
Weakness of Institutional Religion
Institutional religion cannot afford inspiration and provide leadership in this impending world-wide social reconstruction and economic reorganization because it has unfortunately become an organic part of the social order and the economic system which is destined to undergo reconstruction. Only the real religion of personal spiritual experience can function helpfully and creatively in the present crisis of civilization.
Institutional religion is caught in the stalemate of a vicious circle. It cannot reconstruct society without first reconstructing itself; and being so much an integral part of the established order, it cannot reconstruct itself until society has been radically reconstructed.
Religionists must function in society, in industry, and in politics as individuals, not as groups, parties, or institutions. A religious group that presumes to function as such, apart from religious activities, immediately becomes a political party, an economic organization, or a social institution. Religious collectivism must confine its efforts to the furtherance of religious causes.
Religionists are of no more value in the tasks of social reconstruction than nonreligionists except in so far as their religion has conferred upon them enhanced cosmic foresight and endowed them with that superior social wisdom which is born of the sincere desire to love God supremely and to love every man as a brother in the heavenly kingdom. An ideal social order is that in which every man loves his neighbor as he loves himself.
The institutionalized church may have appeared to serve society in the past by glorifying the established political and economic orders, but it must speedily cease such action if it is to survive. Its only proper attitude consists in the teaching of nonviolence, the doctrine of peaceful evolution in the place of violent revolution – peace on earth and good will among all men.
Modern religion finds it difficult to adjust its attitude toward the rapidly shifting social changes only because it has permitted itself to become so thoroughly traditionalized, dogmatized, and institutionalized.
The religion of living experience finds no difficulty in keeping ahead of all these social developments and economic upheavals, amid which it ever functions as a moral stabilizer, social guide, and spiritual pilot. True religion carries over from one age to another the worth-while culture and that wisdom which is born of the experience of knowing God and striving to be like him.
………………..
Institutional religion cannot afford inspiration and provide leadership in this impending world-wide social reconstruction and economic reorganization because it has unfortunately become an organic part of the social order and the economic system which is destined to undergo reconstruction. Only the real religion of personal spiritual experience can function helpfully and creatively in the present crisis of civilization.
Institutional religion is caught in the stalemate of a vicious circle. It cannot reconstruct society without first reconstructing itself; and being so much an integral part of the established order, it cannot reconstruct itself until society has been radically reconstructed.
Religionists must function in society, in industry, and in politics as individuals, not as groups, parties, or institutions. A religious group that presumes to function as such, apart from religious activities, immediately becomes a political party, an economic organization, or a social institution. Religious collectivism must confine its efforts to the furtherance of religious causes.
Religionists are of no more value in the tasks of social reconstruction than nonreligionists except in so far as their religion has conferred upon them enhanced cosmic foresight and endowed them with that superior social wisdom which is born of the sincere desire to love God supremely and to love every man as a brother in the heavenly kingdom. An ideal social order is that in which every man loves his neighbor as he loves himself.
The institutionalized church may have appeared to serve society in the past by glorifying the established political and economic orders, but it must speedily cease such action if it is to survive. Its only proper attitude consists in the teaching of nonviolence, the doctrine of peaceful evolution in the place of violent revolution – peace on earth and good will among all men.
Modern religion finds it difficult to adjust its attitude toward the rapidly shifting social changes only because it has permitted itself to become so thoroughly traditionalized, dogmatized, and institutionalized.
The religion of living experience finds no difficulty in keeping ahead of all these social developments and economic upheavals, amid which it ever functions as a moral stabilizer, social guide, and spiritual pilot. True religion carries over from one age to another the worth-while culture and that wisdom which is born of the experience of knowing God and striving to be like him.
………………..
Final Thoughts
Everything in the universes is moving.
The governments of this world have amassed debts so massive, they can never be repaid. And since the debts cannot be repaid, they will not be repaid.
Michael/Jesus said:
“In this world you will have tribulation, but be of good cheer; I have triumphed in the world and shown you the way to eternal joy and everlasting service.”
The End
........................
Everything in the universes is moving.
The governments of this world have amassed debts so massive, they can never be repaid. And since the debts cannot be repaid, they will not be repaid.
Michael/Jesus said:
“In this world you will have tribulation, but be of good cheer; I have triumphed in the world and shown you the way to eternal joy and everlasting service.”
The End
........................