2016: The Wrath of the Awakened Saxon

by Rudyard Kipling

It was not part of their blood,
It came to them very late,
With long arrears to make good,
When the Saxon began to hate.

They were not easily moved,
They were icy -- willing to wait
Till every count should be proved,
Ere the Saxon began to hate.

Their voices were even and low.
Their eyes were level and straight.
There was neither sign nor show
When the Saxon began to hate.

It was not preached to the crowd.
It was not taught by the state.
No man spoke it aloud
When the Saxon began to hate.

It was not suddently bred.
It will not swiftly abate.
Through the chilled years ahead,
When Time shall count from the date
That the Saxon began to hate.
Andy Xie writes in the SCMP: Don’t listen to the ruling elite: the world economy is in real trouble
The global economy is facing years of stagnation, deflation and financial crises. The current economic managers will resort to the same tricks of pumping up the financial markets with liquidity, to no avail. In the meantime, political instability will spread around the world. It will take a long time for the right leaders to emerge.

Initially, populists will win. Their policies, unfortunately, will focus on protectionism and rolling back the World Trade Organisation system. That will lead to further economic turmoil in the global economy. Protectionism may suddenly jump-start inflation that will quickly become hyperinflation, which would certainly lead to violent revolutions.

The world is on the cusp of a prolonged period of stagnation and instability. Our ruling elite is blaming it on people seeing things. Their strategy is to change people’s psychology. Unfortunately for them, the world is catching fire and that fire will eventually reach their Davos chalets.
The Americans were never going to turn into Japan. We now now their limit: seven years of deflation is enough. The English have had enough of the European project, though its not clear they have the votes to leave it. The Americans can blow up the WTO by themselves, and if Britain pulls out of the EU, that project will be in flames because many nations see the UK as a counterweight to Germany. A year from now, global institutions which have stood for a generation or more, designed to transition the world into global governance run by Brussels and Washington, could be put to the torch because the people running the show failed to get the consent of their own people.

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