The Age of Disorder By James Reed
There is plenty of material out there, indicating that we are falling into an age of disorder. Looked at from a wider philosophical perspective, we can see this all as part of the inevitable rise and fall of civilisations, for, after all, civilisations do rise and fall, and all have, as much as this might be an inconvenient truth to those with comfortable lives and living in materialist and consumer bliss, those who are far away from how the majority of the human race lives now, and did in the past. The assumption has been that technology and human ingenuity will always save us just in the nick of time. But, why should that be? Where in the Bible is that written, that economics, science and materialism will save us?
“It’s indisputable that our system is now failing in numerous ways. Some of these things directly relate to the virus and the subsequent lockdown, while others are tied to the nonstop riots that have been going on in some areas for more than 100 days. The riots began after the death of George Floyd when a Minneapolis police officer knelt on his neck until he suffocated. From the economy to the justice system to the infrastructure, our system is grinding to a halt in a variety of manners that stand to completely change the American way of life. Let’s take a look.
As predicted, our economy took a massive hit when government-mandated lockdowns closed the doors to many businesses. Despite billions of dollars in relief (much of which went to large businesses in an act of crony capitalism), the new economy has been nothing short of disastrous. Millions of jobs are gone and are never coming back. Millions of small businesses have fallen. Corporate landlords aren’t getting paid rent and mom and pop landlords are being forced by the CDC (that’s right – the Center for Disease Control) to house people who can’t pay their rent, while still maintaining their mortgages. Obviously, this trickles down to the average American who just wants to go to work and pay his or her bills. If you’ve lost your job, you are now in a heated competition for the few jobs remaining. The effect on the economy was “swift and severe” according to a paper published by the Brookings Institute. Now that the CARES Act financial assistance has run out, more and more families are being pushed into desperate levels of poverty. (If this is happening to you, please check out this article for essential advice on surviving this situation.) But it goes even further than that – in a puzzling turn of events, our country is running out of coins. Many stores no longer give out change that is less than a dollar. You can choose to donate your change digitally to the charity of the store’s choice or get it back on a store loyalty card. Many people are concerned that this is a push toward a cashless society, something that would cause even more day to day financial problems for people who are already struggling. (And this is not as far-fetched as it might seem – it’s happened in Venezuela, too.)
“It probably won’t take a great deal of persuasion to convince investors that there’s an “age of disorder.” That’s the title of a new Deutsche Bank research note, which says the world is entering its sixth distinct era of modern times. So say goodbye to the “era of globalization” and brace yourself for the “age of disorder” where millennials, firmly established as the generation of ‘have nots’, take their revenge and redistribute wealth from the old to young. Millennials are usually defined as those between the ages of 22 and 38 years old in 2019, according to Nielsen Media Research . The note by strategist Jim Reid warns the discussion of inequality within and between countries will not be limited to wealth and income. “In fact, an issue that is quickly emerging as a political force is the intergenerational gap,” the report says. “Assuming life does not become more economically favourable for Millennials as they age (many find house prices increasingly out of reach), this could be a potential turning point for society and start to change election results and thus change policy.” The votes for Brexit in the U.K. and President Donald Trump in the U.S. in 2016 left many younger people feeling angry and alienated by political decisions that a sizable majority of them were against, the report says. This could see the revenge of the millennials as they take more control and skew policies to redistribute wealth away from older generations to the young. “Such a shift in the balance of power could include a harsher inheritance tax regime, less income protection for pensioners, more property taxes, along with greater income and corporates taxes . . . and all-round more redistributive policies”, the Deutsche Bank report said. The ‘new’ generation might also be more tolerant of inflation insofar as it will erode the debt burden they are inheriting and put the pain on bond holders which tend to have a bias towards the pensioner generation and the more wealthy. “The older generation may also have to be content with lower (or even negative) asset price growth if the younger generation does not have a sudden income boost. This will be a big break from the status quo and lead to far more disorder than in the prior era of globalisation.” The report suggests 2020 may be the start of a new era, as the coronavirus pandemic brings the era of globalization since 1980 to a close.
“The era of globalisation to we are likely waving goodbye saw the best combined asset price growth of any era in history, with equity and bond returns very strong across the board. The Age of Disorder threatens the current high global valuations, especially in real terms,” said the report.
What will this new age bring?
• Deteriorating US/China relations and the reversal of unfettered
• A make-or-break decade for Europe, with muddle-through less likely
following the economic shock of COVID-19.
• Even higher debt.
• Inflation or deflation? As a minimum, it is unlikely it will calibrate as easily as we saw over the last few decades.
• Inequality worsening before a backlash and reversal takes place.
• The intergenerational divide also widening before millennials and younger voters soon start having the numbers to win elections and, in turn, reverse decades of policy.
• Linked to the above, the climate debate will build, with more voters sympathetic and thus creating disorder.”
“Rapid population growth, lack of access to food and water and increased exposure to natural disasters mean more than 1 billion people face being displaced by 2050, according to a new analysis of global ecological threats.
Compiled by the Institute for Economics and Peace (IEP), a think-tank that produces annual terrorism and peace indexes, the Ecological Threat Register uses data from the United Nations and other sources to assess eight ecological threats and predict which countries and regions are most at risk. With the world’s population forecast to rise to nearly 10 billion by 2050, intensifying the scramble for resources and fuelling conflict, the research shows as many as 1.2 billion people living in vulnerable areas of sub-Saharan Africa, Central Asia and the Middle East may be forced to migrate by 2050. By comparison, ecological factors and conflict led to the displacement of some 30 million people in 2019, the report said. “This will have huge social and political impacts, not just in the developing world, but also in the developed, as mass displacement will lead to larger refugee flows to the most developed countries,” said Steve Killelea, IEP’s founder.”
Well, if these globalist organisations think that the West will still be standing to save the day for the Third world, think again. Ignore the annoying balding fellow talking about dehydrated blueberry muffins, and get to the main event: an insightful vid that shows that The Great Depression 2.0 is well on the way and is set to be worse that the Great Depression 1.0. The Third World will be forgotten in the coming tsunami of chaos that is just around the corner. Dealing with this will take more than a quiet letter dashed off to one’s uncaring and ignorant MP, for we are in territory now that the ordinary person, let alone those agonising all day about these issues, will have difficulty understanding, let alone changing. But, the first step is to at least be aware of the issues, rather than assuming that these problems do not exist because your door has not been smashed down yet.