Economic Crisis: Causes and Consequences

Why the crisis we inhabit is the end times for the liberal international order

They will never admit they made a mistake, but the trolley is breaking down regardless. This is the end of the political economy of national suicide.

The West faces an omnicrisis which will change its political and economic calculus.

In this post I begin a brief series on the crisis we inhabit, its causes and the consequences for the consensus in economics and politics which created them.

As I am travelling home this first post will be brief. I begin this series with a mention of a report on the structural economic crisis which looks very likely to seriously affect Western economies and the wider global food and fuel supply chain.

I also include commentary in this video as to how this crisis is being presented as a result of climate change, pushing into the background the structural reasons for the debt, bond and supply chain factors which are driving the cost of food and fuel ever upwards.

In brief, the “structural” element of this crisis is the structure of the political economy which created it - the international liberal order whose globalist ambitions accelerated after the collapse of the Soviet Union.

The main structural factors in the economic sense are the 2008 banking crisis, the sovereign debt crisis of the EU, the enormous cost of lockdowns which dwarfed both of these in magnitude, and the disastrous wars which have severely limited global supplies of food, fuel and fertiliser.

The structural problem is the way our economy and politics are structured. The system is what is does, and what it is doing is producing an economic, diplomatic and existential-demographic doom loop as a matter of necessity according to the demands of its own model. The crisis we inhabit is the product of the way we are ruled. At base is the replacement of wealth with debt.

The foundation of the international-liberal political economy is the debt issuance model of State financing which has been the basis of the international liberal order since it was pioneered by the Federal Reserve, whose fractional reserve banking was exported around the liberal international order installed after its creation before the Great War.

I will argue that the manufactured consensus of the liberal agenda which has ruled our nations under this system is breaking down as it has in fact created by economic practice and political policy a series of crises it can no longer contain.

I will examine why despite the refinement and advancement of its technique of cultural propaganda it can no longer secure belief in its own system by means of making it through the transmission of sponsored messaging in al dimensions of our cultural and social life.

In brief, the reality created by this failed experiment to standardise the world under a single global system is the reason it is now disintegrating and cannot be recovered.

This process is inexorable now and it is one which offers the oppotunity -in my view an existential necessity - to change the economic and political calculus completely in order that we do not all go down with its sinking ship.

I shall be back on Monday with much more insight and research into the cascading omnicrisis which spells the end times for the way we have been ruled all our lives.

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I do apologise for this hasty post. Please let me know if less is in fact more in these information-busy times - and pray that this car we now have does not blow up like the last one did. Lol, as the intellectuals say.