Patterns are all around us. Visible regularities of form are depicted in nature and recur in a vast spectrum of contexts. Fibonacci sequence is an example found in nature and surprisingly human behaviour as well, which is well explained in the book "The Wave Principle of Human Social Behavior and the New Science of Socionomics"- Robert Prechter. As Jesse Livermore also said: “Patterns repeat, because human nature hasn’t changed for thousand of years” and “There is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again.” Going back in time, the major silver coin used during the first 220 years of the empire was the denarius. With finite supply nature of silver and gold entering the empire, Roman spending was limited by the amount of denarii that could be minted. To finance war activities, Roman officials found a way to decrease the purity of their coinage, they were able to make more “silver” coins with the same face value. With more coins in circulation, the government could spend more. And so, the content of silver in the coins dropped over the years. Adding more coins of poorer quality into circulation did not help increase prosperity – it just transferred wealth away from the people, and it meant that more coins were needed to pay for goods and services. With soaring logistical and admin costs and no precious metals left to plunder from enemies, the Romans levied more and more taxes against the people to sustain the Empire. Hyperinflation, soaring taxes, and worthless money created a trifecta that dissolved much of Rome’s trade.The economy was paralyzed and later the Western Roman Empire would cease to exist by 476 A.D. Similarly, The French Revolution brought with it a massive inflation of the paper money called Assignats. History repeated itself during the Nixon era, when the breakup of the Bretton Woods system was executed, which fueled high inflation during the '70s, “Nixon shock”. Today the same scenario is happening again with trillions of dollars and other currencies being printed and minted into the economy that will lead to the debasement of these currencies and possibly witness the end of the US dollar standard or shall I say the US dinarii standard.
There was once a kind, old puzzlemaker who possessed magical powers. The puzzlemaker's greatest pleasure came from creating enchanting picture puzzles for the children who lived in his neighbourhood. These puzzles were no ordinary puzzles. They had magical properties - when the final piece was snapped into place, beams of light would radiate from the images, filling the children with joy. all they had to do was gaze at the picture. Nothing more. For the kids, it was better than eating 10,000 chocolate chip cookies and drinking 10,000 glasses of milk. One fine day the puzzle maker truly out did himself. He painted his most spell-binding picture ever, using magical paints flecked with star dust and special brushes whose handles were encased in gold. The puzzlemaker was so excited by his creation that he decided not to carve the picture into individual puzzle pieces. Instead he wanted the children to experience all the magic immediately.
As he finished packaging the picture, a little boy walked into the shop hoping to find the puzzlemaker's latest creation. The puzzlemaker excitedly handed over the package. The boy's bright -eyed smile suddenly disappeared. His face turned a little sad.Clearly, he was disappointed at something. "What's wrong?" the puzzle maker asked. The little boy explained that building and creating the puzzle was the actual fun part! The puzzlemaker understood immediately. And with as much love and care as he had put into creating the original image, the puzzlemaker cut and disassembled the picture. He then lovingly scattered the individual pieces into the box. He then gave the children what they really wanted more than anything else - the joy and accomplishment of building the magical puzzle themselves.
To provide the Vessel with the opportunity to create its own fulfilment, the endless world was disassembled and transformed into a picture puzzle. By allowing the Vessel to reassemble the puzzle of Creation, we, the Vessel, become creators of our fulfilment and the call of our joy, thus fulfilling our deepest desire and most profound need.
Similarly, we face the same scenario and Man seeks to fulfil his deepest desire of control and interferes in all aspects of nature including THE ECONOMY.
This interference in the economy of continuously kicking the can down the road with its governmental influenced monetary policies has proven throughout history not to solve the problem but inflate it, delay it, and make it worse (as the pattern again suggests: The higher the rise the deeper the fall). Until we level up and learn from the past, give up our ego, and let THE INVISIBLE HAND correct the situation in a healthy manner, Karma will always repeat itself.
Adam Smith used the metaphor of an invisible hand to represent the instincts of human nature that direct behaviour. The unseen forces that move the free market economy. Through individual self-interest and freedom of production as well as consumption, the best interests of society, as a whole, are fulfilled. The constant interplay of individual pressures on market supply and demand causes the natural movement of prices and the flow of trade. As part of laissez-faire approach, the market leads itself to find its equilibrium without government or other interventions forcing it into unnatural pattern. This natural cyclical flow can result in healthy and controlled corrections in the markets that tend to recover faster from less damaging downfalls.
Some of the critics raise the red flag that voluntary trades in a free market produce unintentional and widespread benefits, selfish individualism, and Pareto efficiency. I believe the nature of Capitalism is innovation-oriented and growth conducive which gives the fair chance to all individuals of the society and promotes competitiveness among the nation's participants, and global prosperity. For the less fortunate, progressive tax policies alongside with charity promoting tax concessions can be a preliminary solution. Arguably as history shows, the intervention of the governments does no good in that area either. The government stimuli prepping up the markets supporting companies and businesses with poor financial health is a perfect example of devaluing the nation's currency and moving value from the hands of the poor to the more fortunate irresponsible-government dependent companies that seek bailouts recession after another.
WHEN IN DOUBT TAKE THE PROACTIVE ROUTE ”
-Samir Jezzini