Troubling times ahead for Britain and the West
At this point, all we can do is take bets on whether we experience inflation or deflation, and I personally would prefer that neither horse wins.
We have been very blasé over the past few months about the impending financial crash, and the world crisis looming our way.
The British economy recently shrank by twenty per cent in one month, more than in any month of the great depression, and unemployment is up to a dangerously high level. With the risk of sounding like a broken record, I write again that when America sneezes, the world catches a cold. And at the
moment, its economy is seriously ill; unemployment is at its worst since the Depression era, and oil prices may (strong emphasis on may) yet fall again.
It may well be that the traditional measures of economic health no longer work, but the loss of small and medium businesses cannot be ignored. Likewise, the government cannot realistically pay people’s wages indefinitely.
At this point, all we can do is take bets on whether we experience inflation or deflation, and I personally would prefer that neither horse wins.
Imports and exports are non-existent, with dry goods down by ninety-five per cent, to hit a twenty-eight year low, according to the baltic dry index. I cannot for the life of me understand why someone could examine this and not see the real severity of the situation we are heading into; especially when also considered alongside the Indo-Chinese border skirmishes which could well lead to war.
Not to mention the undoubtedly hard-hit countries of southern Europe, who were already plagued with openly fascist parties, short-lived coalitions and independence movements before this ever happened.
If we are not careful, the George Orwells of our time may find themselves in Catalonia.
Of course, you may say I am overreacting or being overly cynical, or maybe spending too much time with doom-mongers. Maybe you’re right, but the question should always be what if you’re wrong? If the world disintegrates into bloodshed and poverty once again, your descendants will certainly not look upon you with kindness for your lack of preparation in that case.
After all, if I am wrong and nothing bad happens, all the better for it – but the cost of being right does not bear thinking about.
By all accounts, my warnings are meaningless, anyway; it’s too late and I doubt anyone reads my scribblings, to begin with! Even still, it’s always good to have proof that you had some foresight after this is over; even if that foresight was wrong.
