last gasp till crash. No wisdom, science, polity, religion, meaning or
god,
good and effective enough, exists, to right the wrongs.
One can't
imagine a miracle happening to undo all that is wrong because the answer
is not a parlour trick. It's a substantive change and overhaul of everything
beyond what history has indoctrinated us to accept.
The bonfire of our
vanities, illusions and failures, and existence's vanities, claims and failures,
approaches.
From
'Volatility And The Allegory Of The Prisoner’s Dilemma:
False Peace, Moral Hazard, and Shadow Convexity'
by Artemus Capital (
sounds more like from a hollywood
screen writer talking about the precipice peoplekind are
at)
https://www.valuewalk.com/2015/11/volatility-and-the-allegory-of-the-prisoners-dilemma/ "In the Prisoner’s Dilemma, global
central banks have set up the greatest volatility trade in history."
"
Global central banks are engaged in an arms race of devaluation resulting in suboptimal outcomes for all parties and greater systemic risk. In this year alone 49 central banks have cut rates or devalued their currencies to gain a competitive edge and since 2008 there have been over 600 rate cuts worldwide”). Globally we have printed over 14 trillion dollars since the end of the financial crisis”).
The global economy did not de-leverage from the 2008 crash but instead doubled down as global debt has increased a staggering 40% since 2007(4). The pace of global growth is slowing with the World Bank lowering GDP projections from 3% to 2.5%, and emerging economies from China to Brazil are struggling“). Global currency reserves outside the US have declined over $1 trillion USD from their peak in August 2014 as foreign central banks have sold dollars to offset the ill effects of capital flight and commodity declines).
The last time the world economy experienced declines in reserves of this magnitude was right before the crash of 2008. Cross-asset volatility is rising from the lowest levels in three decades yet markets remain complacent with the expectation that central banks will always support asset prices. Volatility regime change is happening now and is a bad omen for a global recession and bear market."
"
As global central banks compete in an endless cycle of fiat devaluation an economic doomsday clock ticks closer and closer to midnight. The flames of volatility regime change and an emerging markets crisis ignited on the mere expectation of a minor increase in the US federal funds rate that never came to be. The negative global market reaction to this token removal of liquidity was remarkable. Central banks are fearful and unwilling to normalize but
artificially high valuations across asset classes cannot be sustained indefinitely absent fundamental global growth. Central banks are in a prison of their own design and we are trapped with them.
The next great crash will occur when we collectively realize that the institutions that we trusted to remove risk are actually the source of it. The truth is that global central banks cannot remove extraordinary monetary accommodation without risking a complete collapse of the system, but the longer they wait the more they risk their own credibility, and the worse that inevitable collapse will be."
me- we know that science is wrong, it should be Tesla and before that the republic writ large over the planet. And we know that religion is wrong. It should be average shamans common to all cultures and not one great shaman from each culture competing to death who's is better. We want to know if there is an afterlife and of meanings and activities that satisfy always and not continual soap opera conditions that keep us lacking and beseeching forever. The failure of which, the experiment of existence has failed, and has to be sued for non existence instead.