Are We Entering a Golden Age?

By Rich Kozlovich

 

I subscribed to Joe Lonsdale's substack blog because I was told what a genius he is, and it's probably true, but mostly he bored me. However, I remained a subscriber because you never know when someone smart will say something really smart. This was the second piece I found worthy, the first was the interview with former Senator Phil Gramm, and I liked it so much I linked to an article of my own.

There's one thing I really found interesting, and that was his view we are on the verge of a "Golden Age", providing we can escape the swamp.  Well, it appears that's going to happen, and much faster than anyone ever hoped for or expected.  Crushing the deep state and the leftist fever swamps will make a huge difference admittedly, but I seriously doubt that will lead to a “golden age”.

I've always believed in historical cycles, and read three books on the subject, and if there ever was a historical endeavor that was in serious need of an organized academic discipline, that's it, because the writers all have their own terminology and odd ways of creating coherence through connectives.  However, if you can plow your way through you find they've all come to the same conclusion. We’re in an end cycle, and all end cycles involve massive economic downturns, and violence.

The world’s governments are in debt to the tune of almost 310 trillion dollars, and many of these nations are in capable of repaying that debt.   The debt holders are incapable of collecting it, and that includes China.  China won't be able to collect on defaulted loans, their Road and Belt is a failure, and they're broke.  

There are six things a nation needs to be self-sufficient. The ability to feed itself, fuel itself, arm itself, defend itself, create its own internal market, and pay off their national debt. There’s only one nation on Earth that can do all six, and that’s the United States. The international debt will destroy the world’s economy, except for America.  Canada, Mexico, and the Northern tier South American states will become economic supplicants just to stay alive.  They need us, we don't need them, and that's true for the entire international economic story.  This isn't 1930 and the Smoot Hawley tariff story is meaningless to America's economy.  We don't need them, they need us.

While international trade is an important economic factor, it’s not life saving for the United States. But there will be no golden age, just national survival!  While the rest of the world breaks up into semi to totally autonomous states, which is Europe’s foundational social paradigm, that's also true as well for China.  

The foundational social paradigm for both the Middle East and Africa are tribal based societies, and if the world's economy collapses, so too will they break up into tribal states, violent tribal states, preceded by massively violent civil wars, such as has been going on in Libya.  The idea of Islamic and/or Arab unity is a myth.   South America will mostly remain as it is because the geography is so difficult, which is why there have been few wars between South American nations, but they will all be broke. 

The world is not going to be entering a new golden age.  Get over it.