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The Final Act in a Terrible Play - Prologue to a New World Order

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Authored by Mike Krieger via Liberty Blitzkrieg blog, ZeroHedge

If you don’t follow me on Twitter, you’ve been missing out on some good stuff. With the brith of our third child a couple of months ago, it’s been increasingly hard for me to find the time to sit down and write longer posts, so I’ve been putting more and more content on Twitter. Last Friday, Brent Johnson of Santiago Capital, asked me to provide additional thoughts on my recent turn to being far more bullish gold. Normally I would’ve written it in a piece, but being pressed for time I put together a Twitter thread.

There are 32 posts in there and I suggest you read the whole thing. More important than the thread itself; however, was the unprecedented and totally surprising response I received. As I explain in the tweets, I intentionally avoided talking about markets for nearly half a decade for a variety of reasons, and so I was blindsided by the enthusiastic and exceptionally positive response. It led me to do quite a bit of soul-searching, and ultimately convinced me that the time is ripe for me to start commenting about financial markets again. Not only because I think we’re at or very close to a major inflection point, but because people want to hear it.

For the record, I didn’t think central planners would be able to put Humpty Dumpty back together again ten years ago for as long as they did. I was simply wrong about that, but that’s how big changes in world history typically go. They tend to take a lot longer to reach the final tipping point than you think despite abundant evidence and signs point to something dramatic happening imminently. I often think back to 1830s America. If you were alive during that decade you’d have expected civil war to break out any moment, yet it took another three decades.

So while the prevailing establishment was able to keep a dead system on life support for an extra ten years to enrich themselves with some more corruption, it was not without consequence. People have not forgotten the unconscionable manner in which Wall Street’s professional white collar criminals were rescued and reward by the Federal Reserve and politicians in D.C.

Just a few months before the 2016 election CNBC published a piece titled, The U.S. Is Still Angry at Wall Street, and It May Be Hurting Recruiting, in which we learned:

I believe such an attitude played a material role in Trump’s win given Clinton’s well known intimate financial and personal relationships with mega-banks and other financial industry scoundrels. Which brings me to the main point about where we are, and where we’re headed. When Obama was elected in 2008, the country’s overall political environment was largely the same old rancid neocon/neoliberal consensus. You either voted for a Bush or a Clinton, or someone similar enough.

This has changed, and a big reason is due to how Wall Street was bailed out, while main street was left holding the bag. In other words, while the stock market and financial assets in general have been in a gigantic boom, the standards of living and opportunities to purchase a home and start a family have become prohibitive for a large percentage of the nation’s younger generations. Importantly, millennials are now thelargest voting block as of 2018, an important distinction compared to the bailout period ten years ago. This will have enormous implications going forward.

While still very early days, the generational shift in Congress has already begun and will only accelerate from here.

Young people justifiably feel like they’ve been given the short end of the stick, and this is driving grassroots populism across the political spectrum. I expect this trend to continue.

As I noted in last year’s piece, Thoughts on the Leaked Google Video and Why Populism Is Just Getting Started:

To summarize, I think the country will become even more populist in the years ahead (both left and right populism), and policy coming out Congress will ultimately reflect this reality on the ground. If it doesn’t, then we may see Yellow Vests style protests emerge here before too long. Either way, business as usual is ending and I think we’ve already seen peak corporatism in American culture. The backlash has started and will accelerate from here.

It’s important to understand that while financial market volatility was squashed and hidden for so many years, building tensions on the ground always find some sort of escape, and that escape largely manifested in the political arena. Actions have consequences, you just never know exactly where and how they’ll make their presence felt.

Therefore, the backdrop and mood of the American public is nothing like it was back in 2008/09. People were upset back then about the Wall Street giveaway, but the public generally had more confidence in institutions, government and the status quo than it does now. If you’ve only been watching stock market ticks for the last ten years, you’ve missed the really big story. We’ve got a major generational cycle only now coming into full swing, coupled with a far more populist mood on the ground. Pull a stunt like you did in 2008, and the U.S. could very quickly look a lot like France.

I think we’re close to the inflection point, but the whole thing will take time to fully play out. By 2025, the entire world will look completely different, and I think we’ll have a totally new global financial system, or possibly even a couple of competing financial systems (U.S. sphere and China sphere). The chickens will be coming home to roost sooner rather than later.

Good luck.

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https://www.zerohedge.com/news/2019-01-11/final-act-terrible-play-prologue-new-world-order

More great articles here: https://www.zerohedge.com

 

 



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    Total 3 comments
    • Man

      another attempt to class warfare! young people are bad except when they are conservatives. Unfortunately, old people die

    • nomorelabels

      There is nothing “new” about world order. it is always the same motive and goal, control over others minds.

      Religion and politics work well, nothing new about that.

    • Anonymous

      From jews who converted to Christ, and know what is really going on:
      https://www.youtube.com/watch?v=DUoBAQhd1fk
      Michael Hoffman, Myron Fagan, Benjamin Freedman, Nathaniel Kapner… Over a space of decades, even centuries, the heros who r truly saved, try to warn the faQe Xtian zionist Pharisees to wake up. They get shunned by the faQe mob, just like Christ himself did
      https://www.youtube.com/watch?v=CMmNReY9XcM

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