We are under an assault on Nature's law in a wide array of areas in our lives. I'll focus just on the effect that "unintended consequences" are going to have on our economic system and I will do so in my typical simplistic manner.
As most of you are aware the "system" had reached its bubble proportion in 2008 and the bubble burst. Whether it was intentionally or "naturally" burst is not really that pertinent, but the response to the implosion is important. Instead of relying upon the laws of nature to "clear" the market and remove the excesses and malinvestment that had been allowed to proliferate, we decided to "double down" on the same forces that had brought us to the "edge of the abyss". A decision was made that we would extend the leverage rather than "take the pain". Essentially, deciding that we would sacrifice the dollar and its reserve status to buy us a few more years of "imaginary recovery". Of course we will argue that the pain was going to be too severe and that the collapse would endanger our very way of life with its effects on our very social structure......nice arguments and ABSOLUTELY VALID!!!
Here's the rub. You certainly avoided a depression in 2009 but now you've created the necessary ingrediants for a MAGNITUDE larger catastrophe with unintended consequences one cannot imagine. You have now set in motion the "Kudzuing" of the entire World. You're looking at the collapse certainly of the Petrodollar and the empire it created here. We've already slipped in most measurable, meaningful categories like education, wages, health care etc....to almost third world levels. The news is we have much further to go. Once we lose the reserve currency status, we lose the ability to fund our military spending and the empire will collapse. This is good in the long run but it will be VERY destabilizing for us and our economy. We have doubled down on a ponzi and now our price to pay will be unintended consequences that you and I cannot fathom. If you believe that our brilliant economic scientists can negotiate with nature then I will only remind you of our Fed Chairman's testimony to Congress in late 2007. There is no housing bubble and the economy is strong and there will be no recession. Yes my fellow proles.........I have the utmost confidence that these geniuses will beat nature......or.......maybe they have NO intention of beating nature. Maybe their economic kudzu was planted intentionally....gl