Modern achievements, especially in medicine and technology (fueled by cheap energy), have made the human experience longer and easier.
Yet, at the base of it all lays the irrational man, still flinging immorality from the cages of his ongoing existential dilemma.
Despite the existence of natural governors, humans are still prone to abuse of power for the sake of power alone.
Unsound money and finance are not immune. They are fuel for the fire. They play an evermore powerful role in the rationalization of this age-old abuse.
Whatever you want to call the system that makes the modern civilization go around, there are four basic sub-systems at work here:
Finance Politics The Media/Academia Energy/Economy
These four areas are in a constant state of fluctuating overlap. We can separate them just enough to observe the interactions. I’m lumping energy in with what I see as the ‘raw economy” experienced by most people.
Finance is enormous. Way beyond anything the world has ever seen.
Finance is sector of the economy. But it is so big that it wields influence as if it were a separate entity.
Politics will always be around. It could be worse. In a real crisis, a political vacuum can lead to much worse than we see. More extremes.
For now, the political system and finance are about as enmeshed as they could be. Finance is more influential. That system runs the show.
This post was published at Silver-Coin-Investor on Aug 31, 2014.