In
the theme of my ‘Year of Chaos’ series of posts, this week’s link is a
Peak Prosperity podcast featuring David Collum. He’s actually a
scientist (in the
field of chemistry if I remember right) rather than a professional
economist or pundit or political wonk, but in my opinion I think that
works in his favor. He has a discerning eye for spotting patterns and
the ‘big picture’, as well as having a knack for
cutting through the BS in an entertaining way.
An excerpt below from
peakprosperity.com:
“To
me, the global economic theme is existential risk. That's a phrase I
use repeatedly throughout my Year In Review. Things now seem to be
coming to a head.
A
metaphor that I came up with, that I just love because I know the game
well, is that we're engaged in a global game of Tetris. For those
unfamiliar with
the game: you place these pieces methodically, and then the game starts
accelerating. You start placing pieces faster and faster, until you
reach some point where you simply can no longer successfully place the
pieces in time.
And
it feels like the authorities, the monetary authorities, the geo
political authorities -- all of those people who are really calling the
shots around the
globe --are playing that game, and it's accelerating now.
The end of the game is called 'topping out'. And I’m wondering when that topping out is going to occur.”
The
fact he also seems to sense a pivotal year ahead makes me feel both
encouraged (because it helps confirm I’m not totally nuts) and concerned
(because if
we’re right it means the world is going to go apesh*t). And BTW, props to him for the Tetris reference, the time-sink of choice for many people my age back in the first days of the GameBoy....
You can find the podcast at the link here or you can copy and paste the link below.
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