Article from Greg concerning this:
This is an article I originally wrote and posted on Seeking Alpha in 2015 however, it's premise is even more important today. Since the original publication of this article we have witnessed the unrelenting continued inflating of the global debt bubble by central banks, an explosion in the amount of central bank intervention, and the expansion of cryptocurrencies as a store of wealth as an alternative to debt based units.
Global Debt And The Human Bubble.
The issue of a global population bubble is virtually not spoken of, in fact I may have been one of the first to openly discuss how grave a situation it really is. However this bubble may be about to burst.
When an issue facing an individual or an entire population in this case is so immense, without any solution, it gets blocked involuntarily by the brains inability to cope. When an event is so far out and away from the ability of the average individual to get their head around a self-preservation mode “kicks in,” and subsequently the reality of a given situation gets pushed out of the psyche. The actuality is that the explosion in world population brought directly about by a complete “mismanagement” of the global monetary system via the world’s central banks has inflated a HUMAN BUBBLE. As I have discussed in my book The Politics Of Money and on my business day MarketReport many times, the issue of exploding global debt IS NOT just a monetary issue, it is a problem regarding resources. It’s just that simple. When our politicians allowed Central Banks to implement a fiat monetary system (a debt based economic model), a virtual alternate reality was allowed to manifest itself. This debt based economic model has now evolved into the greatest threat facing mankind with no way out, and there lies the problem. A massive global loss of life is a mathematical certainty. The world’s central banks are responsible for creating a “market” for their product, “currency backed by nothing.” This “arrangement” demands cash be borrowed into existence in perpetuity. This mechanism is a self-feeding one as well, allow me to explain. This debt based system permits and demands an ever increasing debt to be acquired in order to function. Therefore as this fiat currency is borrowed into existence, resources are pulled from the future creating an environment of excess. This has allowed a global population boom and as such the demand for more debt to be borrowed into existence is constantly generated. What must be understood by you the reader is this, without exception all “bubbles” must burst at one point and why is that? Simple, because they rise above a level which can be sustained BY ANY MEANS. The world’s central banks fiat monetary system has allowed a borrowing of monies from the future to live a better now. By pulling monies from the future we have been able to acquire and have access to resources which would normally not have been available. As such we now exist in a “reality” which is not sustainable. A global ever ballooning bubble in debt has directly fueled a population boom, in fact they have risen in tandem. It should be clear to you that the issue of exploding global debt is not sustainable by any means. Therefore, this global HUMAN BUBBLE will burst along with the DEBT BUBBLE simultaneously and tens of millions of people in every continent around the world will die.
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