The SovereignLife Blog

If you’re active on the net you know there is no shortage of doomsday scenarios. Whether it’s the impending slave society of the New World Order, the start of World War III, the arrival of the Greatest Depression – or global warming, there’s surely plenty to give you nightmares. That’s if you believe it all.

It’s easy to get carried away and imagine worst case scenarios – especially in times of major transition and economic disturbance. And surely history shows us that in a significant economic depression – where people may lose their jobs and even their homes – things can certainly get ugly and new forms of social and political alignments may come into existence. Think “Nazi” of the post-Great Depression era.

For any rational person, the difficulty is in assessing such doomsday scenarios through eyes that can see reality clearly. And this is not easy to do. However, just as there is no smoke without fire, there are no doomsday predictions without something to trigger them.

Take the present economic recession – or the Greater Depression, as some are starting to call it. There is no doubt it’s a serious situation. The economic fundamentals of the major global economies confirm it. You cannot run up trillions of dollars in debt, spend like there’s no tomorrow, and not expect dire consequences.

If you look carefully at all these various economic fundamentals, it’s hard not to come to the conclusion that something’s seriously wrong. And while inveterate optimists are already seeing “green shoots” and economic recovery just around the corner, it’s much more likely the depression has some considerable way to go.

And if so, the impact on societies and countries around the world will surely have consequences of some sort.

One essay I’ve just read, by seasoned contrarian investor and commentator Doug Casey, gives a clear and rational analysis of the current situation, and looks at the possible outcomes. Worth the read.