I get it.
Staying on top of and making sense out of the world is a real problem these days. At times like these, I like to back way up and take a wide-angle, big-picture view of the situation.
When I do, things clarify, although I often wish that the picture were more benign or hopeful. Alas, we play the hand we are dealt.
Once enough people see things this same way, and we cross over the common knowledge boundary line, real financial panic will set in.
That’s how it will be perceived and reported on, but it will actually be a sudden and quite necessary realignment between what we have been conditioned to think of as wealth and real wealth.
The difference is between primary and secondary wealth which are real and tangible, and tertiary wealth which is abstract and nothing more than a claim on real, tangible wealth. Cash only has value if you can buy something with it.
To understand this and then act on it, it’s essential to grasp the connection between oil and the economy, and the degree to which our economy is fictional due to its dependence on the perpetual expansion of debt at a rate that far exceeds the underlying economy’s rate of growth.
It’s a complicated set of connections, to be sure, but vital to grasp. Armed with this information and framing, you will be far in front of the rest of your fellow humans and able to more gracefully navigate the emerging risks and opportunities.
If you see things differently or have better or more complete data, please share it! Concrete, data-based challenges are always welcome here.
