Volume 9, Issue 40
These disruptions in distribution and supply chains can, in theory, be reconciled in time. Rush hour does not last forever. However, there are other problems posed by the corona virus pandemic that have impacted the “human supply chain” that may not be so easy to rectify.
Forty percent of the U.S. population lives or exists close to the official poverty line. These individuals are not necessarily happy with their jobs. The COVID shutdown and financial rescue package has allowed Americans to rethink their economic circumstances. It was reported last week 4.3 million American workers had quit their jobs. This is an historic number. Analysts are not sure why or what their future plans are. The result is that many businesses, particularly small businesses, are unable to attract former employees back to work.
Fundamental changes in wages, paid leave, healthcare and retirement benefits not only take time, they require incremental stages of adjustment. The entire pricing chain for products in the retail market cannot be restructured overnight. Meeting workers’ demands may require federal assistance.
Nothing exposes flaws in a societal economic chain like an unexpected crisis.
To exacerbate the problem, government has taken on debt to stratospheric heights. Providing COVID relief as institutional income will increase deficits beyond sustainability. A reality check is approaching on the demands of citizens and the government’s ability to pay. Productive workers reengaging in the workforce paying taxes is necessary for governments at all levels to meet their obligations.
The vaccine mandates are now opposed by essential government workers. One hundred and twenty Chicago police officers are refusing to take the vaccine. Public employee unions are backing their members’ rights to decide what is put into their bodies. Certain unions are now in opposition to progressives’ policy. The government has lost all credibility in the vaccine debate. Originally, the government advised that 70% of the population either vaccinated or having contracted the virus would achieve herd immunity. We are now over 80% in combined categories. The unvaccinated are now being accused of putting the countries recovery at risk. If the vaccines work, they should only be putting themselves at risk, a liberty of choice which is theirs to make.
Internationally, China is on the cusp of threatening the world’s economic recovery. Deng Xiaoping declared in 1991 that China would establish “Chinese capitalism.” President Xi yesterday declared that China must default to “Chinese socialism.” He said this as a warning to citizens of China that stern measures were coming to avoid an economic meltdown. The looming economic crisis in China has been instigated by an illusory communist plan resulting in an overdeveloped real estate market. Forty percent of the average Chinese citizen’s retirement savings is invested in real estate.
Nothing exposes flaws in a societal economic chain like an unexpected crisis.
China has a history of looking inward when crisis presents itself. The Great Wall of China is emblematic of this cultural tendency. If this emotion to keep the barbarians out is repeated, China will close their financial markets to control investment accounts. The communist party will never allow a foreign currency to be used in the calculation of their internal assets.
The emergence of cryptocurrencies was spawned by the fear that sovereign federal governments would destroy world currencies through reckless borrowing and spending. Bitcoin supply is managed through mathematical algorithms unrelated to the cyclical flows of exchange rates representing government policies as affected by fiat currencies. China has outlawed Bitcoin as a medium of exchange. El Salvador has adopted Bitcoin as its official currency. China’s real estate bubble, and the government reaction to it, may cause an increase in the regional use of cryptocurrencies as an alternative. This could, in fact, put pressure on other sovereign currencies in reverse. Instead of currencies failing on their fiat weakness, they could be replaced by cryptocurrencies more widely accepted across national borders. Currency volatility could aggravate inflationary trends. Cryptocurrencies are not managed by federal reserves. There is no rational human component in their oversight.
Nothing exposes flaws in a societal economic chain like an unexpected crisis.
The Great Reset is now in progress. It cannot be stopped, only managed. The COVID pandemic has exposed the flaws in the economic system, both of governments and workers. Like the moguls on the ski slope that test the true ability of the downhill skier, society will now be tested for acclamation of government policy and worker satisfaction, as the reset proceeds.
What is at stake is nothing less than the survivability of the United States of America as a republic. Americans, unlike Britons or French or Germans or Spaniards, have no national bloodline upon which to default. American citizens only have in common a belief in constitutional government. We are now divided on the meaning of individual liberty as it relates to constitutional rights. The division between blue and red states is now deeper and more defined in separate belief systems than ever before. Red states basically believe in ordained eternal absolutes to which government is subservient. Blue states basically believe in no absolutes wherein government is supreme. There is no apparent force to unite us. There is no apparent force to keep us from separating. The unthinkable possibility of the dissolution of the Union is now presenting as an untenable solution.
The COVID pandemic has, by the nature of its complicity, caused the entire world to reconsider flaws in not only its economic structure, but its social imperatives. The Great Reset was inevitable. Civil discourse encompassing the moral values of society should be the foundation for seeing the opportunity to address society structural flaws. But even more than good intentions, the dangers of ignoring malfeasance of selfish cultural interests are the essence of the reset threat.
The world has faced these resets before. Being naïve to the natural tendencies of mankind's self-centeredness led to World War I, the Great Depression, and World War II. The world now finds itself on the precipice of another Great Reset accelerated by the COVID pandemic. The process to this new world order must be navigated in the face of systemic flaws of the structural economic order, and in a geopolitical US-China super power economic conflict.
Pray that the common bonds of universal freedom and self-rule, which held America in unity at our foundation, will be the force that not only binds us now, but keeps us from separating.
For without the belief in liberty as the ultimate absolute of destiny, there is only tyranny as the inheritance for the generations.
My name is Marc Nuttle and this is what I believe.
What do you believe?