Over 1.5 Million International FOLLOWERS AND Readers have engaged our various digests and blogs providing insights on the "SEVEN BIG Es" - Earth, Economics, Environment, Energy, Exponentiation, Entropy, and Extinction, curated by our world renowned "Quantum Realonomist" - First Financial Insights Inc. - Dr. Peter G Kinesa
WORLD LEADING INSIGHTS
International LEADERS Calling Market Crashes Years Ahead
Second to None, Anywhere...
'Warned 2000 tech slide; predicted 2008 meltdown in 2007. Forecasted 2020 global economic collapse in 2011, AND NOW- BY 2050 - THE MOTHER OF ALL CRASHES"
TOP TEN INTERNATIONAL FINANCE AND ECONOMIC BLOGS "journeying to co-existing realities" Less than two years ago we s... Sustainable? Longevity? The issues we face are common sense, but have been ignored for too long. Perhaps the problem with common sense it is that it is just not that common. Or we live in different co-existing realities. Pick your reason. Dr Peter G Kinesa April 16, 2013
A deflationary collapse in asset values is 99% certain, because at some point markets will begin to demand real positive returns on market securities. But while an unprecedented asset value collapse is occurring, inflation will overtake the pricing of consumer goods. Things will cost more, assets will be worth less, currency debasement will accelerate, and shortages of key goods and services will be everyday occurrences. Confidence dies - creating social and political upheavals Faber comments regarding why societies collapse demonstrates a lack of historical and scientific understanding. Very foolish. The collapse of societies has very little to do with fiscal and monetary policy, rather collapses can be attributed to a sudden disruption in physical economic inputs. This includes water, climate, food, or minerals and resources critical to physical survival. Great Empires also rise and fall, when their store of wealth and infrastructures have expired, largely because the return of physical goods from far flung colonies is less than the related physical investment and maintenance inputs needed to preserve a presence abroad. This starts a contraction process back to the originating country - that also finds, sooner or later, it does not even have enough resources to preserve its indigenous population. These former Great Powers are now shifting into the later stages of the Nauru Paradigm. Need examples? Soviet Union, Roman Empire, British Empire, Spain and so on. Also the list of societies that have collapsed due to an expiry in the resource inputs is also endless, ranging from the Mayans, Easter Island examples to small mining or manufacturing towns in Pennsylvania, Northern Ontario and England. Then, there is Flint, Michigan Dr Peter G Kinesa April 12, 2013
Once , a long time ago, the Artic was as warm as the Everglades; ask any geologist. By all accounts, we are prematurely heading back that way at a rapid rate. Climate denial will not stop the existential feedback systems that warm the planet taking human enterprise to its knees. We cannot just click our heels and return back to Kansas. The neo-classic economic fairy tale is coming to a very dreadful end. We are melting under its growth mantra.
When my boss gets up on his stump and expouses his reasonings on matters, he reminds me of Teddy Kenedy's concession speech at the 1980 Democratic National Convention. Brings a tear to the eye, a lump to the throat and a pocket full of dreams with unyeiding inspirations. Here's the full text, from today's Investors' Insights. For good measure, I have linked in Ted's speech so you can catch the tone and cadence here. What's amazing about the content of the speech too, is how little has changed over the past thirty plus years. That's sad. Passing the torch... Dr Peter G Kinesa March 5, 2013
Eric Sprott discussing the complete lack of gold reserves that the Canadian government has. Start stacking Canada! End of the Road: H...
That's a good thing. Eric clearly needs a few lessons in Meta and Macro Economics, including an understanding of the Nauru Paradigm Cycle. First, what type of countries require large Gold reserves? Well, of course, countries on the verge of physical bankruptcy - meaning they have virtually exhausted all their non-renewable and renewable resources - hence, they are entering the last stages of the Nauru Paradigm. Gold is the last stand for these desperate countries, providing one remaining lifeline to deferring the inevitable collapse of their economic, political and social complexes. But, Gold can only relieves such symptoms temporarily - it does not fix or cure the underlying economic malady.
By the way, most countries entering this final phase of the Nauru Cycle can expect two outcomes: increasing social unrest and growing external hostilities. This is a historical fact, but it is also reflected on today's geo-political stage. Consider Syria, Egypt, Iran, Greece, France, Japan and many others (China?) - all are nations entering the final stages of the Nauru cycle - where physical resources per capita are in rapid decline. Expect More Wars.
Canada, on the other hand, is invariably the richest country in the world given the vastness of its resources and infrastructure complexes. Its per capita resource/currency ratio is second to none, given its relatively low population.The last thing Canada needs is more Gold - it has enough in the ground in the event of need. Yet, there's more...
More reasons why Canada doesn't need Gold reserves?
First; in a few short years, Canadians will be able to pick it up tonnes of Gold on the cheap, as last stage countries in the Nauru survival mode are dumping their reserves to finance wars; stay social unrest or ensure departing dictators have their retirement assets available in the right places, after political life. (Dictator's Survival Guide: Zurich Gnomes 101) .
Second, for the reasons mentioned, Canada's currency is trending upwards under immense long-term pressures, so the last thing it needs are measures that could be perceived to strengthen this sleeping giant of global currencies. It would not surprise us to see the Canadian dollar rise to $1.50 US in five years, and climb further to $2.00 in ten or less years - particularly when the FED's exponential, on-going debasement of the greenback is taken into account. This the price to be paid by the US for running its fiat currency presses 24/ 7. Meanwhile, these fiat currency presses, allow the US o tpay debts with paper IOU's, knowing that any debt repayment in physical currency forms is impossible (not enough OIL in the world?) - this paper chase cannot; however, last forever. People figure it out, sooner or later.
A patient Canada is sure to be a BIG Winner in the Gold game down the road; albeit, a meaningless win when critical global resources are practically depleted or unusable. Mr Sprott needs to revisit his Meta-Economic books and refresh his understanding of the deep implications of the "Nauru Paradigm Cycle."
It goes without saying, that the Canadian dollar is a great surrogate play on hard and soft commodities (including fresh water), both of which have more real upside in the coming years. Rogers, Soros and Faber think these commodities are too. Gold is a more speculative strategy - we prefer the elements offering real economic utilities - not golden abstractions from OZ.
In early February, I finally got a week off and had the opportunity to fly back to visit my old Alma mater, the world famous Nauru School of Keynesian Economics. Named, of course, after one of its most famous students and, founded by Adam Smith, long before his tenure in Scotland. Many of the world's leading Keynesian Economists, and Economic Nobel Prize Winners, have passed through its arches of higher(sic) learning
Anyway, here's me on the beach with a few of my co-ed friends and colleagues, enjoying the refreshing weather and tropical views. Also, there is a photo shot of my good friend from school, Dr Nigel Tapatughamans, fishing on the beach - who for years was the country's leading Keynesian Economist; and was also once considered for a Nobel Prize, when Nauru was a working miracle. Indeed, not so long ago, Nauru had the highest income and wealth per capita in the world.
Seriously, there is a very important message here that should not escape raw wisdoms.The economic history of Nauru is a lesson of utmost meaning, for it foreshadows the fate of the larger planet that continues to apply insane Keynesian Economic ideas, despite real physical and mathematical constraints. Just Nuts - Watch some of these videos below, they should be a mandatory part of curriculum's in all schools of business and economics. Better yet; all schools. As it demonstrates, in no uncertain terms, where the human enterprise is headed globally, should it continue along the conventional economic path. However, in all likelihood it may not even attain the simple paradise of Nauru; as geo-political tensions could interrupt even this tranquil destination. So please, please take the time to view one or more of these videos and explore further how one small nation magnifies the trajectory of the human condition should we continue to foolishly believe and practice the same old theories that many of us learned at Nauru's World-Famous "School of Keynesian Economics" BUT MORE IMPORTANTLY, pass, tweet, share, post and show this video archive to as many friends, families, colleagues, strangers and foes as you can. So that they too, may join a larger awakening and understanding, of where all this Keynesian economics and unbridled consumptive growth leads us. For these are certainly not the stairways to heaven that we have all bought into...
All the Very Best,
Dr. Peter G Kinesa
February 17, 2013 P.S. This histroric post was actually the first ever blogged by First Financial Insights,(May 27, 2011) defining a theme that focuses on an economic reality inclusive of physics and exponential mathematics: not hypothetical abstractions built within subjective contexts - with the clear view of avoiding the outcomes of Nauru and Easter Island - with the clear view of sustaining the human enterprise for as long as possible - with the clear view of avoiding the premature human extinction, that Keynesian Economics will ultimately lead us to. And then you judge, as we let the facts and numbers speak for themselves.
Mother Earth asks us one simple thing: PLEASE STAND BY ME...
