Loading ...We really have to give credit to the bankers, and all the excessive money creation. Because of that 100 year debt creation process after 1913, of growing credit limits. Or excessive artificial money creation, we now have things today, that would NOT be here yet, with a normal “real money” system. Like the system from 1492 to 1913.
Things like space shuttles, cell phones, moon landings, roads, bridges, medical procedures, and modern drugs, commercial air travel for common people, etc etc. Those things would probably come 50 to 100 years later, without creating money out of thin air to “make it all happen” too early. The entire system is now, way ahead of itself.
Below, part of a thought provoking article on Sinclair’s site:
part:
“Look at what China has done? They have overcapacity everywhere. They have unused plant, equipment, machining capability, housing and infrastructure …but guess what? IT IS ALL NEW!!! Now let’s make a comparison to the U.S., the only thing we have that’s new are a bunch of McMansions built all over the place. We have little capacity to produce anything. Our roads, bridges and mass transit systems are all old and in many cases in disrepair. Our “grid” is a century old and at risk of being taken down by an EMP.”
Comment:
Re the Chinese, they are wealthy now, love to gamble, and after losing, still have plenty left over. Re the excess over building of cities, all they have to do, is allow their population to have four kids each couple, instead of one, and they won’t have a shortage of housing factories etc. Grow into the situation.
Note: Widely held opinions are generally wrong. The future is always a surprise. By the time the masses acknowledge a trend, its about to change, or the way I call it, go into reverse.