This same elite now face something that money cannot escape. It will be a global contraction the like of which is presently unimaginable. That means that cash itself will be impossible to place. In many regards we are already there. Investment levels are now dropping globally. It will not be long before paychecks begin to disappear.
The first difficulty is that the USA has failed to correctly recapitalize its middle class in order to clean up the real estate sector. The Chinese of course have simply failed to capitalize their middle class sufficiently as well. Yet all this is small potatoes.
Far more critical is that the oil industry is about to disappear. That represent realistically 15 to twenty percent of the whole global economy. Doing it safely will be impossible. It is far too late.
Now recall that seven days before his death, he was sounding like the most dismissed conspiracy theorist..
“…So, let us not be blind to our differences–but let us also direct attention to our common interests and to the means by which those differences can be resolved. And if we cannot end now our differences, at least we can help make the world safe for diversity. For, in the final analysis, our most basic common link is that we all inhabit this small planet. We all breathe the same air. We all cherish our children’s future. And we are all mortal…
…First: Chairman Khrushchev, Prime Minister Macmillan, and I have agreed that high-level discussions will shortly begin in Moscow looking toward early agreement on a comprehensive test ban treaty. Our hopes must be tempered with the caution of history–but with our hopes go the hopes of all mankind…
…Confident and unafraid, we labor on–not toward a strategy of annihilation but toward a strategy of peace…”
June 10, 1963