There is absolutely nothing wrong with the economy, global or otherwise.
However, there are little, or to the point, less ethics and morality, that is to say, integrity, within the organizations of our human behaviors - those that are necessary to maintain social stability - than desirable, and this is reflected directly by our monetary, financial and banking system. To be clear, these monetary, financial and market indicators are screaming at us, saying, or trying to be heard, that our social behaviours of all our key gatekeeper institutions, are (1) not functioning at acceptable behavioural levels, are (2) totally fanatically and irrationally unbalanced, are (3) all mostly indicative of looming global mass destruction, that is to say, are (4) stampeding Humanity towards global war of the Nuclear type.
As a consequence, that which is currently under threat of total disaster and in the late stages of self-destruction and collapse is the whole of human global civilization; estimated to arrive in full force in late 2015 CE - mileage may vary.
I. Money is Transactional Integrity - in Capitalism, where two or more participants all reach satisfaction.
II. Fiat Currency is any form of Promissory Note normally in the form of a standard paper government issue designed to be utilized for intensifying and accelerating transaction activity and government revenues.
III. Gold the metal, is the highest Universal Principle, and artifact in material form, of accomplished Integrity known to man - it is not a symbol, nor does it represent anything, but itself - it's journey from Cause to Effect completed; it belongs to the Mineral Kingdom, which is under the stewardship of the Kingdom of Man, albeit, only upon this planet Earth, Gold never varies in its value.
"Fiat Currency" and "money" is/are neutral - just a piece(s) of paper and therefore is/are an indicator(s) of Human Behaviour. "Fiat Currency" and "money" are an expression of Human Behavior and the state or health of civilization - and NOT the other way around.
The Global economic indicators are the barometers of the integrity of human Society - and the image is not healthy.
Keywords: sick | vile | volatile | erratic | corrupt | criminal | racketeering | incompetent | scam | crooked | dysfunctional | manipulated | illegal | illicit | etc.
This expression (of the markets and fiat currencies) is a vivid tell that the Human Race is (1) totally out of control, (2) has little integrity and (3) is suffering intensive blood lusts in the rush for more money, resources and assets - that belong to others - (4) Entropy. The powers that be (TPTB) are totally insane, crazed, lack even the slightest basic elements of intellect and these, their behaviours, are clearly reflected as such in our global economic indicators and markets.
Gold is an ideal and the base standard adopted for Human behavioural integrity, by Humanity, that is to say, not by "Authority". Get over it: this is the only Universal standard that Humanity holds in its physical form as all the others rely on the whimsical opines of men,
Today, one needs fiat currency to participate in the game of survival and participation and the more one gets, the more one participates - some like more.
Hence the "economists" and their "profession" are mere "snake-oil salesmen" peddling their wares as health elixirs. This is Collective subterfuge and group subjectivity.
Gold is the Universal Objectivity of man, in terms of Symbolic representation, and in analogy borrowed from the Minerals Kingdom, whereas paper fiat currency is simply, and merely, a low-cost synthetic or substitute of that representation, albeit for convenience - i.e. a talisman; a carrot on a stick, totally dependent upon the faith of the naive populations under the recursive scamming rule of untrustworthy elite Collectives (read: hives) of foul and corrupted men.
Men in attaining their Humanity must seek the virtues of ethical and moral behavior. Who does not know this?
This being the first stage of the Human Being Objective. In other words, one does not become a Human Being until one has mastered Ethics and Morality, - which by the way, are the attributes of Universal Intellect. Every religion has delivered this message.
The good news is that we can actually measure the progress of mans' journey towards his Humanity and even use this philosophical measure to train ourselves so as to become Human Beings and to embrace our Destiny in Providence. We can monitor our progress by observing the markets.
Man is driven by his Belief System which is today derived from False Myths, in this instance, for example, "The American Dream", "The Chosen People", "The Exceptional Nation", "Money maketh the Man", "The Lucky Country", "The Markets are the Economy", "House prices never fall", "Growth is defined by GDP", "Inflation is defined by the CPI", "Only Mathematicians can know God", "Yes we can", "Negative Interest Rates", "Negative Growth", etc.
Cults are Belief Systems that have turned to the Political in total defiance of the spiritual Intellect for the preferred mechanized Dogma; the machine - Darth Vader. We have now, so many cults throughout the World, that is to say, in case of "fiat currency", it has (1) passed the stage of being an aide to living, (2) has passed being a religion and in a frenzy of political hype, propagandized by the political, banking and corporate sectors - complete with saturated feed-back looping, over x3 periods of Generations, plus some, this "fiat currency" (3) has become a drug to which all are addicted,
But what is the historical record that leads us to today's decline?
First the Black races from the warm South moved and colonized and dominated the Mediterranean and the East to Japan. Then the White races, originating in the cold North, slowly at first, and then in later massive migrations swept South. Later this drive split and one division drove East, the other south and West. Over thousands of years the Indian races and the Semitic races were developed out of these merging emergent forces and energies. Then, as written history has it, more massive migrations and conflicts from Korea, China, Mongolia, India, especially India, arose repeatedly to create flows of these multiply mixed races of humanities, cultures, languages, ideologies, gods, and beliefs - back and forth; back and forth and then, eventually, ever deeper into Europe. Battles, wars, trade, Empires, armies, agriculture, literature, poetry, music, the arts, theater, architecture. mathematics, Universities, hospitals, medicine and priests; all this human interplay, accompanied by the massively destruction impacts of harmonic telluric events. Humanity today is the result of the merging of the Black, White (primarily), Yellow and Red prime races; none which were the root races.
At first, the Black races dominated the White races as they were older in their emergence, well organized and disciplined, and far more experienced; that is, superior in every way. Then the disorganized White races created the Herman (the Fighting man) who eventually would become the Barons. From this organization the White races began to defeat the Black and other mixed races, of which, incidentally, their blood was already part.
Then the Barons created the King - to whom the Baron pledges allegiance and loyalty.
The King's word became the Law; the King's Word was the Law.
Around 1215 CE the Authority of the King's Law was challenged to endure the Magna Carta and the people began to have a minimal of rights; not many, but some; change was upon the face of the void.
In 1789 CE, again the King's Authority and His Law was challenged and the US Constitution was brought into effect. The United States of America became the bastion of freedom for all men and the symbol of hope for all mankind.
However, in 1913 the Authority of US Constitution was successfully challenged by the Banking System thus creating the Federal Reserve Bank under Law, and as a consequence of this act of treachery, the Banking System became King and the Banking System's Word became Law; such is the evolution of civilization.
To be, or Not to be?
Human Behaviour is the essence of "economics" - Economics is the expression of Human behaviour.
Inanimate objects such as fiat paper and coin are just that - inanimate objects - devoid of substance. Paper and coins DO NOT create cycles.
To explain these basic mechanics in simple terms:
Fiat currency and or paper has become a Symbol. This symbol evokes in man unique understandings, emotions and drives. In analogy, consider the term "God" which is also a symbol that evokes in all men different emotions, reactions, behaviours and understanding; no two being alike. As an experiment put a large sum of this paper fiat on a table in front of say 6 men where there are no interference's, restrictions and or limitations. Does the "money" do anything? Observe the human behaviours and you find here the essential basics of Economics. These behaviours are exacerbated when exposed to Collectives and organized Collectives, for example, Banks, loan sharks, government, etc., etc. The order of government, all governments can never control their spending; they always demand more; such is the prime driver of the banking system, that is, capture government and you own humanity, productivity and all assets.
Or, to be sure, Energetic forces - such as Human Beings - create motions, behaviours an d cycles and which all embody innately temporal signatures through gestures and expressions which can be interpreted.
In the case of the "markets" human behaviour may be measured - qualitatively and predictably. Both Human Beings and Collectives think and act Subjectively and rarely from the perspective of the 'big picture'.
The term "money" is etymologically defined as the surrounding integrity of a trade between one or more parties. Today's markets and money, through the market gyrations and volatility being experienced, are depicting grave insidious behaviours and a significant change about to collapse a rotted and decadent system. Ethics and morality have been cast aside in preference to group degeneration and greed, hence power has corrupted absolutely. Mind you, the meal-ticket economist doesn't help with his knee jerk machinations founded upon false premise and dead dogma which has been designed to solely serve the Banking system for a few Bankers - at full cost to Humanity.
... on Money
Food for Thought:
“At the center of our being is a point of nothingness which is untouched by sin and by illusion, a point of pure truth, a point or spark which belongs entirely to God, which is never at our disposal, from which God disposes our lives, which is inaccessible to the fantasies of our own mind or the brutalities of our own will.
This little point of nothingness and of absolute poverty is the pure glory of God in us. It is like a pure diamond, blazing with the invisible light of heaven. It is in everybody, and if we could see it we would see these billions of points of light coming together in the face and blaze of a sun that would make all the darkness and cruelty of life vanish completely."
Thomas Merton, Conjectures of a Guilty Bystander
"There may be a great fire in our soul, yet no one ever comes to warm himself at it, and the passers-by see only a wisp of smoke coming through the chimney, and go along their way.
Look here, now, what must be done? Must one tend that inner fire, have salt in oneself, wait patiently yet with how much impatience for the hour when somebody will come and sit down
near it-maybe to stay? Let him who believes in God wait for the hour that will come sooner or later."
Vincent Van Gogh, Letter 133
Man today thinks that we are Human Beings simply by right of birth and without personal achievement through thought, consideration, ethical attainment and morality, but we are not:
Humanity needs to be accomplished, but by his own hand. Or, it is not the economy, but Humanity that is in turmoil.