The global economic situation: A simple analogy

Originally posted by surrealist
I liken the global economy to the sinking of the titanic. Many parallels can be drawn from this such as those who were on board mistakenly believing the ship wouldn’t sink to the dynamics of the ship as it sunk. On the second point for example, as the bow of the ship submerged into the water, the stern lifted out of the water. Without seeing the ship from a helicopter viewpoint, it could be said the stern bow was sinking while the stern was being buoyed. Reality was the entire ship was in the process of sinking. Bit like the global economy see? Many developed countries are like the bow of the ship – sinking. Many emerging economies are like the stern of the ship – being buoyed. But the entire world economy is gonna sink!

But fear not! Here comes Tugga Tugga the Tugboat (the new global economy) to the rescue! Tugga Tugga has offloaded all excess baggage (debt) and drowned all the corrupt pirates (bankers).

Originally posted by surrealist
I liken the global economy to the sinking of the titanic. Many parallels can be drawn from this such as those who were on board mistakenly believing the ship wouldn’t sink to the dynamics of the ship as it sunk. On the second point for example, as the bow of the ship submerged into the water, the stern lifted out of the water. Without seeing the ship from a helicopter viewpoint, it could be said the stern bow was sinking while the stern was being buoyed. Reality was the entire ship was in the process of sinking. Bit like the global economy see? Many developed countries are like the bow of the ship – sinking. Many emerging economies are like the stern of the ship – being buoyed. But the entire world economy is gonna sink!

But fear not! Here comes Tugga Tugga the Tugboat (the new global economy) to the rescue! Tugga Tugga has offloaded all excess baggage (debt) and drowned all the corrupt pirates (bankers).

Originally posted by TheCommentator
Yeah, except the captain (bankers) won’t be going down with the ship.. And in my scenario the bankers were the guys who cut off the car and caused it to crash before quickly driving off into the sunset hahaha.

One of the best parallels I think with the Titanic is the fact that the ship sinks slowly until the end point where it goes down in a matter of seconds.
I expect economic demise to be like that; a sudden exponential rate of decline.

I don’t remember there being pirates in titanic

Originally posted by TheCommentator
While the state and fate of the global economy is clear when you look at the facts. Some people will not accept the reality of it until it is affecting them directly, and by then it may be too late.

I have a simple analogy that I would like to share, to help explain our situation:

We have totalled a car way beyond its value, and are sitting in the burning wreckage waiting for it to explode when we could easily get out and start using a safe electric car (new financial system).

Simple right? But it sums it up perfectly.