It’s 6:15am on the 16th of May, 2013, and here on Waiheke Island I am just making some tea and eating an apple J I am reading a Google article about Europe, and in particular the Eurozone, a financial grouping of 25 countries over there. What this article is talking about is the bad state of many of the countries in the Eurozone. Some of the numbers are quite staggering. As an example, talking about unemployment, overall, it’s 12.1% as an average across all of those countries, and in Greece is 27.2% and in Spain it’s 26.7%. Those are all fairly grim numbers. I’ve given to considering a term, which is ‘world economy.’ We do have a world economy now and it’s an economy that operates above, beyond and around governments.
We tend to think that we live in democracies where we can go vote and bring into power the candidates that we ourselves choose, but a few years ago with Italy and Greece in severe financial trouble (for various reasons), they spent money they didn’t have based on financial projections that turned out to be incorrect. The people had absolutely no say in this – they didn’t choose this. The people high up in the financial and political institutions did. It went way beyond anyone in the streets, and now the unemployment is incredibly high. Both in Greece and Italy, the prime ministers were forced to resign and were replaced (without any public vote whatsoever, and with little media coverage of course) with someone else that was placed there by the financial elites. This extremely important even has gone largely unnoticed, which begs us to ask the question – are these democracies in actual fact? Based on these actions, we can say that no, they are not.
Now, here we are with Europe in trouble and not getting any better, and the United States isn’t far behind. The debt is approaching seventeen trillion dollars, and there’s only one of two things that can happen here. The debt can either be paid back, or it can be forgiven. Here’s the root of the whole issue of growth: Almost all government in the world are based on Ponzi schemes, which means that as long as there is enough money coming in to pay that which is going out, everything is alright. If there’s not enough money coming in to pay what is going out, it’s not alright, and that’s what is happening now with most governments worldwide. All that Ponzi scheme behavior that has been going on for hundreds of years and gotten worse in the last two centuries, has been maintained by constant growth. As long as economies are growing faster than the money is needed to be either printed or paid back, financial institutions will be able to exist. Here’s the news readers: constant growth can only continue as long as the consumption of resources continues to increase, which is why we are told to buy, buy, buy. The United States economy is based 70% on people buying things in stores, new things.
So here we have the world economy based on growth, growth is based totally on manufacturing and consumption, and the resources that we’re using for these goods are running out – not just fossil fuels but all sorts of other materials that we take from the earth. There are some mitigated things going on – recycling is becoming more prevalent, but unfortunately this is not enough to plug the gap in the US economy, which needs people to keep buying in order to stay afloat in any way. There are some things that can be done however – we need to use what we already have rather than continuing to buy more and more things, because very soon there won’t be enough resources to manufacture new things anyway.
It’s a really important point in history, because we’re in a situation where we need constant growth, but it literally can’t continue. We will be forced into behaving much better with the earth’s resources than we’ve been used to, but there will be major impacts, and I wish I knew exactly what those were. The running up of debt and printing of money as we’ve been doing in our march forward as human beings simply does not have a future.
Do I ramble on a lot? Of course 😉 But understand that this information is very important to take into consideration so that we may all prepare better for what will come, and perhaps even lessen the blow by doing so.