economicnoise | “Things fall apart”is an apt sub-title for historians to apply to
the first half of the 21st century. The phrase properly describes the
collapse of the domestic and foreign policy of the United States.
Further, it also is appropriate to describe the happenings in Europe,
the Middle East and Asia.
The powers that be have lost control. After
almost a century of playing the Wizard of Oz, the curtain is
disintegrating. Institutions to ensure control, stability and prosperity
are failing. People and markets were not to be trusted and most of
these institutions were established to protect against such freedom.
Bureaucrats, central planners and big governments were to be the answers
for a better world.
The damage of nearly a century of this
nonsense is suddenly becoming evident. Things fall apart is
characterized by institutions that no longer are trusted or believed in.
Few institutions are seen to work and when they do they are
increasingly seen as favoring the elites at the expense of the masses.
No institution is under greater scrutiny as the cloak of wisdom is being
destroyed by the hard facts of reality is that of central banking, the
corner piece of socialism even at the height of the Thatcher–Reagan
movement back toward markets. The Daily Bell writes about the US Federal Reserve, although other central banks are incurring similar doubts and distrust:
