the crash of everything?!

Jim Rickards calculates: for every dollar invested you get 3 cents of growth (in the sixties that was well over two dollars). The culprit: the FED. Reckless monetary policies. Result: velocity comes to a halt and QE fails. In English: the crash arrives.

An indicator most people do not know: the misery index. Unemployment + inflation. That is over 30% and higher than during the great depression. Here things become political: social unrest might challenge existing government and system.

Rickards is not alone to detect the insolvency of the FED - since many years Ron Paul issues warnings. Despite all warnings since 2008 the financial system seems to be spinning out of control and economists from left and right agree that the current debt, the highest in human history, is not sustainable.

In financial terms all connections with the real economy are lost. The derivative market is estimated at 700 trillion USD, being ten times global GDP.

The question has become: is there any alternative to a BIG crash? Will the exponential growth acceleration of innovation, creating new markets on it's path, have significance in the seemingly inevitable?

Not that simple. Rickards defines some flashpoints that can trigger a dollar collapse. First: Russia and China selling of US debt. This is an attack on federal reserve and puts the dollar under a lot of pressure. Second: demise of the petro dollar. The deal was simple: the Saudi's made sure oil would be priced in USD (therewith making it the worlds reserve currency) in exchange for military protection, guaranteeing the Saudi royal family in control. This made Saudi Arabia a key factor in the US financial system. Since around 2013 the USA put Iran in play and the Saudi's started looking at alternatives. No coincidence Trumps first visit abroad was to the Saudi's and can be seen as damage control. At the same time Russia challenges the dollar as settlement for oil and China of course benefits from a collapse of the petro dollar in favor of a different settlement system. The third flashpoint is the move to gold. Most of all China is buying (stocking) gold. That gold is not controlled by China's central bank but under immediate regime control. The fourth flashpoint: shadow banking on real estate in China. The first Big collapse can well be from a real estate collapse in China. When that happens the whole world is infected since a lot of profits are derived from this bubble. The fifth flashpoint is the IMF already planned replacement of the USD by SDR. Meaning: there is an alternative for the dollar. IMF is the only pile of money backed by a clean balance sheet. The chance is however the dollar will crash before a transition to SDR's is made.

Rickards makes the point the collapse will be triggered on a relatively short term and there is no escaping it. The fiat monetary system is about to die. Nothing less than that and it will mean depression and misery for most of the population.

What makes this scary to most of us: governments (the deep state kinds that in fact rule as well USA as EU and much more) have a day-after plan in place.

The nearer the future, the more futurists can tell you...

Jim Rickards is a brilliant mind and surely a person to listen to closely when you have the opportunity to do so. His focus is on economics. When we, as cryptmove, talk about the crisis of everything, more comes into play. First of all the way tech redefines the world - for better and for worse. Sure is that it will make more than half of the jobs that exist now obsolete. Probably more. No way to predict what new jobs will be created because of new tech. Probably relatively few. That results in decreasing wage tax income for governments and that is not easily compensated by higher taxes elsewhere (like VAT, energy tax etc.). If governments hate one thing it is to cut spending. The main product of government is bureaucracy and the bigger a bureaucracy the more personal power (and income) you can derive from it. Many people will be redundant and something has to be done with or about these people when you follow government logic. If chemtrails and other mass murder is not an option and deprivation by denying them medical care and access to clean food and water does not succeed, how will it be solved? War? Accidents? Maybe just some poverty sustaining ideology?

Rickards defines 4 investments that will get you trough a major financial crisis more or less. Stocks remains one of them, despite a scenario that the market can well take a 70% dip. The big blow will be in fintech stocks and some bluechips. The surviving stocks will be midcap and smaller stock holding positions in hard assets and hard infra. Railroads, transportations etc. Others than hold positions in hard commodities and their infra (water, water infra, oil, other energy etc.). Pharma will probably perform well, especially that pharma that provides against epidemics. Of course physical gold and silver are good to have. Paper and ETF will probably fail convertibility promises and can end up being worthless. Cash is also good, especially non-dollar cash. Rickard believes EURO is good to have since it is a political currency and carries less risk than the US dollar. Makes sense since the EU is slowly establishing a dictatorship in Europe and will have a lot of freedom to act. Once sovereign states already have given up on their self determination and self reliance and the ECB already effectively turned the EU in a transfer union. True there is much opposition still - ranging from Brexit to Gillets Jaunes, but it seems these movements have lost already and will fade.

So far a scenario where we still think about problems in a human dimension. Humans might not be in the driver seat by the time the other solution kicks in:

Grey Goo

If not already the case, bots can create new technology and programming faster and better than any human. AI and machine learning get better exponentially. Already there are algorithms out there that are not programmed by any human coder and that are hard to understand in their working by human coders. Everybody that codes and/or programs is aware how very far from objective the results are. Any complex program has the signature of decisions taken and approaches implemented. Code is poetry is a well known slogan among programmers. Deep learning machines will not carry these signatures. Maybe their code is recognizable in early development stages, but the more the machine learns, the more it says goodbye to how human minds approach problems and tasks. In the Grey Goo scenario machines will set their own rules and replicate themselves how they see fit. Very well possible these machines will be completely detached from humans and will not consider any human wishes or motives. A bit like we deal with ants.

Very possible the bot is the last real human invention and is suicidal.

Hard to set dates on this and hard to find a strategy for it. Large groups of people (maybe 20 to 30%) will survive the coming crash and continue as usual before it is their turn to be sacrificed and the Grey Goo takes over. Hard to imagine a world from any other than a human perspective and human dominance - but every development is working to that.

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