The Most Hopeful Scenario for 2021

by | Dec 26, 2020 | Headline News | 4 comments

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    This article was originally published by Charles Hugh Smith at Of Two Minds Blog. 

    Choose wisely, America or the options for a positive outcome will vanish like mist in Death Valley on a clear July afternoon.

    From the point of view of evolution, the most hopeful scenario for 2021 is the sudden and complete collapse of everything that is obsolete, inefficient, ineffective, and sclerotic. When obsolete systems and entities pass away quickly, the cost and pain are processed and absorbed quickly as well: enterprises go bankrupt and their assets are liquidated, failed ventures close, and schemes that didn’t yield the desired benefits are scrapped.

    This is the evolutionary process. Whatever has lost its selective advantages will succumb to selective pressures and fade away.

    The problem arises when self-serving insiders siphon resources to keep their obsolete, inefficient, ineffective, and sclerotic gravy-train protected from selective pressures. Keeping a terminally ill human alive is an analogy: it’s possible to extend the life of a terminally ill person at enormous expense and effort, but the patient isn’t restored to their previous health or vigor–that is no longer even a possibility. They are no longer their previous self, and this is why people choose to avoid extraordinary interventions in their final phase of life.

    Economically obsolete/terminal entities, on the other hand, always choose extraordinary monetary interventions to keep their gravy-train alive, even if they bleed the rest of the economy dry in the process.

    If the buggy-whip industry existed today, Congress would grant it billions of dollars in low-interest loans, tax breaks, and direct subsidies so those who made fortunes in the buggy-whip industry would continue to prosper, not from a productive activity but from subsidies and loans that ultimately weaken the entire economy and society.

    The problem here is that it’s effortless and initially costless to conjure trillions of dollars out of thin air and use it to keep obsolete, inefficient, ineffective, and sclerotic industries, sectors, agencies, and schemes on life support. The eventual costs, consequences, and risks are transferred to the entire economy, all to keep politically protected insiders and schemes well-funded even as their fundamental value proposition has collapsed.

    This politically expedient “solution”–printing/borrowing trillions to stave off Natural Selection–is inevitably the first choice of corrupt, failed governments and central banks, and just as inevitably, this expedient “fix” eventually brings the entire economy to its knees.

    Recall that risk cannot be made to vanish, it can only be transferred to others. By printing/borrowing, trillions of dollars to prop up doomed zombies, the state and central bank (the Federal Reserve) have transferred the soaring risks of their mismanagement to the entire economy and society.

    This politically expedient “solution”–saving the most inefficient and costly sectors because of the political power of insiders– is always the first choice of weak and/or corrupt leadership, for whom this is isn’t just the first choice, it’s the only choice.

    History is emphatic: over-borrowing and devaluing the currency by over-issuing “money” leads to decay and collapse. The lucky few decay into tourist destinations as the remnants of their past glory retain a nostalgic glow of artistry and power.

    The unfortunate many simply decay and collapse. Thus the most hopeful scenario for 2021 is that the obsolete, inefficient, ineffective, and sclerotic sectors and agencies, no matter how sacrosanct, collapse or downsize quickly. This drastically reduces the cost and pain to levels that the economy as a whole can absorb.

    The worst-case scenario is our weak and/or corrupt government and central bank keep all the doomed zombies on life support, a process that bleeds the economy of adaptability, flexibility, innovation, and resilience. The path of least resistance, the politically expedient path–over-borrowing and devaluing the currency by over-issuing “money”–leads to decay and collapse. There is no other possible result, no other possible outcome.

    Choose wisely, America or the options for a positive outcome will vanish like mist in Death Valley on a clear July afternoon.

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      4 Comments

      1. Great article!!! and right on point.

        Our politicians and even our “brilliant” business leaders do not seem up to the task. The Covid 19 gives us an excuse and means to do a re-boot of society, but will we take it – NO
        China will clean our clock on making things – They have billions of cheap labor – we will not compete. We need to determine what we are the best at and do it. Can we as a society import Millions of low educated migrates? Can we continue to give welfare out to low intelligent individuals?
        We are headed for Socialism at the worst possible time and this is gonna speed up our collapse by magnitudes.
        Keep sending your kids to “liberal Arts ” college if you want them to starve.

        Can’t wait for President Karmala – GOD help us all

        • jakartaman, good one. I almost failed to see “KARMAla”. Hope you don’t mind if I borrow that. Like you said “God help us all”.

      2. sorry to pop your bubble pal but between the Amish and the S&M crowd …. the buggy whip industry is thriving.

      3. I woke up this morning and was distressed again to see the sky being chem-trailed from from horizon to horizon, at least 20 lines with geometric shapes (exes, right angles, symmetrical lines, and parallel lines, in various directions). Since these lines/shapes cannot occur naturally they are obviously intentional. I know the difference between contrails and chem-trails, my dad was a pilot, and my brother is a pilot.
        The gov’ts responsible for chem-trailing the atmosphere (it’s occurring all over the developed countries of the world) know it is harmful and toxic to the environment. But the fact is, they would rather rule a world with a wrecked biosphere and few people than to see a still verdant world with many people. (It is easy to find internet articles about the composition of these chem-trails, combinations of heavy metals of various concentrations, chemical compounds, etc., none of which is found naturally in the atmosphere or even in nature – it is by definition poison.)
        TPTB are not solely guided by science or demography, or even politics. Rather, they are chiefly driven by hatred and the subjugation of mankind, especially those who live in developed nations, those who can challenge them. This is not hyperbole, there are likely incredible, even fantastic secrets being withheld from people. It is my opinion if it appeared these secrets were on the verge of being publicly disclosed TPTB would likely do something desperate to stop it, even including unilaterally initiating a n*clear w*r.
        Those chem-trailing the atmosphere are the same ones trying to eliminate the production of carbon dioxide. This is foolish, plants absolutely need and thrive on CO2, the more the better, and in turn produce oxygen. We don’t need less CO2, we need more. If one wants to absorb more CO2 out of the atmosphere it would be easily accomplished by nothing more than mass planting billions of trees around the world, this is scientific fact. But no, TPTB want to accomplish this by eliminating industry, use of fossil fuels, and modern transportation. Again, it is obvious these so-called global “initiatives” are not for the environment, its to disempower the people.
        Stop being naive, the gov’t is not ours, it is a tool of the State to wield against us.

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