"Darkness crept back into the forests of the world. Rumor grew of a shadow in the East, whispers of a nameless fear, and the Ring of Power perceived. Its time had now come." The Lord of the Rings - J.R.R. Tolkien
When we look at the current conditions, and state of markets in the United States, the west, and within some markets within Asia (namely property in China) we can be sure trouble is on it's way. If you have any doubt, just peruse some of the websites to the left of your screen. One does not need to be an economics expert to detect something is amiss and building in mass. A wise person is able to feel it in the nations' consciousness. A storm is coming, and that storm will likely shake the foundations of every institution and every way of life. The storms of the past began with economics and the irresponsible balance sheets of nations. This time is no different.
The book "Dying of Money" by Jens O. Parsson, published in 1974 is scarily prophetic:
"Inflations may be of every conceivable variety of degree, from the mildly annoying to the volcanic. Inflations may be fast or slow, accelerating or decelerating, chronic or transitory. A merely annoying inflation usually causes no one very much real harm. A volcanic inflation, on the other hand, is the kind of catastrophe that confiscates wealth, withholds the means of life, breeds revolutions, and precipitates wars. Every volcanic inflation of history began as a mildly annoying inflation. The true nature of any inflation is not often visible on it's surface. As with volcanoes, an annoying inflation that is about to subside and die out looks on it's surface like one that is about to erupt. It is the disquieting nature of an inflation that no one knows with certainty what it will do next."
I think we will see a volcanic inflation in the coming period. Exactly the details of this volcanic inflation are unclear and unset. The implications of fiscal and monetary mischief by huberistic fools are limitless. We can be sure though that we will feel the effects.
"Scarcely a person in America was untouched by inflation's handiwork. Every citizen in his daily life and with his earthly fortune, danced to a tune he mostly could not hear, played for him by the government's inflation. It was up to every citizen to learn for himself what was happening and to look out for himself inf anyone was going to, because no one else was looking out for him. The government certainly was not. The government was compelled by it's other duties not to protect him but the opposite, to continue to steal from him by the inflation as long as it could. The forces at work were such that there was no practical possibility the inflation would end or abate. The only real question was whether or not it would become steadily worse. A hundred million Americans or more, almost all of them serenely unwitting, lived their lives and made their homes on inflation's epicenter. They were on ground zero for inflation's shock waves. Only time would tell whether the tremors rumbling beneath their feet would pass off without a quake." (emphasis mine)
As it was then, it is again now. It is up to every person to learn for themselves what is happening, and to protect one's self and family. The government is self serving and so are it's agents and officials. being dependent upon the government, is a recipe for failure and suffering. During times like this in the past, pensioners and low-level government employees typically had some of the worst outcomes.