Future Outlook of World Economy

The world economy will go through a dramatic changes in years to come. From industrial age to information age, and now conceptual age, we had and has gone through plenty of boom and burst. Ancient economist had trying to understand the nature of economic, to put it into a simplified perspective for generation to come, for the benefit of society as a whole. Theory and economy model was discovered and create by the wisdom of famous economist such as Adam smith, John Struat Mill, David Ricardo, Parson Malthus, Karl Max, Veblen Thorstein , John Maynard Keynes and Milton Friedman; from laissez faire economy model, utopia communism to current socialism-capitalism. Yet, non of those economy model can or will to bring out a perfect system.

Since the breakdown of Bretton Wood system, the economy outlook has been the gloomiest ever since. Government, specifically Uncle Sam for its own benefit, whose currency is the international trading currency, can virtually finance its expenses by simply creating money out of the blue. Such phenomenal, so far had been accepted by most of U.S trading partner is due to the confident to U.S taxes payers ability to pay off the debt someday in future. As by more than 5 decades since WWII, U.S state had proven to be the strongest nation in the word, she had become an exemplar for most of the nations in the world to emulate its administration system, including economy policies. Therefore, to maintain its advantage position as a nation who possess cheaper currency, by definition, for every surplus develop nation received from U.S, they need to print as much as its own currency to avoid any surge in the its forex exchange rate. Albeit, tree does not grow into the sky. The world now had fall trap into a paper money (fiat currency system) world, that one day, people will realize the paper money they are holding now, is nothing but figment of imagination value, a ponzi scheme that created by our government. History can reveal the future, as people often repeat the same mistake. Weimar republic during early 1910s in German had well depicted the Scenario and outcome of paper money policies.

In foreseeable future, we will see how fiat currency system will collapse in the scale that human race never encounter before. The perceived value will shift in phase from money (paper) to something human really need. There is no turning back. The intervention of government will no longer helpful, but to exacerbate the problem. Therefore, we must prepare and face the problem once and for all, for the biggest economy reset in year to come. Only the adaptable can survive the changes.