The West – A Vicious Cycle of Self-destruction, by Egon van Greyerz

It’s hard to point to any one thing Western governments are doing that isn’t suicidal. From Egon von Greyerz at goldswitzerland.com:

“The first panacea of a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permeant ruin. But both are the refuge of political and economic opportunists.”

Ernest Hemingway

As the West is standing on the edge of the precipice, there are only unpalatable outcomes.

At best the world is facing a hyperinflationary depression later followed by deflationary depression.

But sadly there is today much more at stake as the West is frenetically escalating the sound of war drums against Russia’s invasion in Ukraine.

THE WEST HAS NO DESIRE FOR PEACE

As the global economy reaches the point of collapse, countries get the leaders they deserve. There is today no leader or statesman in the West who can stand up to Putin in order to negotiate peace. Biden sadly neither has the vigour, nor the ability to play any significant role in solving the conflict. Also, he has the neocons pressurising him to attack and defeat Russia. And Biden’s rhetoric against Putin is certainly not conducive to peace, with words like war criminal and genocide. Biden mustn’t forget that just in the Vietnam war, the North Vietnamese and Viet Cong are estimated to have lost one million soldiers and two million civilians. Unprovoked wars are of course always senseless whoever starts them.

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