by Robert Gore
This website advocates straight line logic, but not straight line thinking. Normalcy bias is the term used by psychologists to describe the tendency to think that what has occurred in the recent past will continue in the future. The dominant social trend of the last 100 years has been the growth of the state. As such, straight line projections to the future are common: world government wielding technology to eliminate civil liberties; mass subservience indistinguishable from slavery; execution of the nonconforming, and so on. 1984 captures a widely shared and feared vision.
The Jenga model offers a different vision. Jenga is a game in which 54 wooden blocks are stacked in a tower and players remove individual blocks until the tower collapses. A Jenga collapse is the opposite of the 1984 outcome. A choice between collapse or totalitarian super state may sound bleak, but the former would be the first real grounds for optimism in many years. Anyone who finds optimism in the latter is beyond hope or redemption.
SLL recently published an article, “The Death Of Cognitive Dollar Dissonance & The Remonitization Of Gold,” by John Butler at The Amphora Report. Butler points out that the present fiat currency and debt regime leads to chronic imbalances in global trade. At some point, exporting countries lose faith in the importing countries currencies and their debt denominated in those currencies. They are, after all, merely unbacked pieces of paper or computer entries. However, the exporters cannot insist on payment in their own currencies and debt, because the importers lack sufficient exporter currency and debt to pay for their imports. Such insistence would throw trade into reverse, imposing costs on both parties. Butler asks the question: “[H]ow can future international monetary arrangements nevertheless facilitate international commerce with exporters and importers at loggerheads over which currencies to use?”