Summarizing 2016: Economy

 Question: 2016 wasn’t easy for the world economy, but the world has somehow survived. It all started with the big drama around China and fears that it would sink, losing its entire former heyday, and that it would drag the entire world with it into the abyss.

Then, the dramatic situation continued in Europe with the vote on “Brexit.” No one understood its consequences, fearing the collapse of the big banks and the entire banking system. Dramatic events followed one after another.

But on the other hand, despite all of the economic turmoil and a sense that the current method has exhausted itself, in terms of the economy, 2016 wasn’t bad. The world economy is out of crisis and unemployment has decreased.

We treated the little symptoms of the disease without touching its foundation and managed to survive another year. How can you explain that every year it seems that this is the end of the existing economic approach, but the world continues to live through it year after year and nothing changes?

Answer: This just proves that economists can’t change anything. They only think that through their games in the stock markets and banks, they determine the life of the world. The world will continue to survive because the problem is not in the economy but in the relationship between people.

So I do not think that we should worry about the economy. Well, even if there would be another collapse like in 2008 or a devaluation of 20 to 30% all over the world, so what? Banks will steal another few billion from the poor and cover their shortfall.

Question: Economists say that the model based on profit fails all over the world. Life expectancy increases, the number of workplaces is reduced sharply, and robots push us to retire. But there are no possible solutions to those problems. There already are discussions about the introduction of a universal guaranteed income. So, where is the world going?

Answer: Economists will have to take all of this into account, and it will be part of the new economy.

Question: Why are so many people optimistic after the election of Donald Trump as the US President and hopeful for a positive change?

Answer: It is because Trump is a man versed in business. He knows how to do business and refers to the world as a private business.

Economists shout that the world’s economy is on the verge of collapse, but no one wants to take care of the entire world. The economy has become integral all around the globe. Yet, they can’t work together to see the entire world as a home, as their family, as a single country, a single society, and to begin to take proper care of it.

Instead, they perform insignificant calculations: “I am here, and you are out there,” but that doesn’t work anymore. There is a contradiction. On the one hand, the economy must be uniform throughout the world, and on the other hand, economists are unable to think in such a global way.

In other words, economists are the problem. How do we convert them to people with a broad view of the world, not just of their pockets? Otherwise, tomorrow, they will lose even what they have in their pockets.

Question: In 2016, we witnessed the economic collapse of entire countries (Venezuela), the currency denomination and extraction of banknotes from circulation (India), and the economic problems in Greece. How will this affect people?

Answer: It will hit everyone, even billionaires who will suddenly find that they have nothing left of all of their billions. If America has such a huge public debt, how it can be covered? Let’s say that it is necessary to pay off the debt today, so how many billions would be left in the world?

Question: It is impossible to pay off the US debt, but no one is requiring it. Everyone is trusting in the US dollar and therefore are not asking for the repayment of debt.

Answer: However, if they balance the economy and reduce the debt to zero, then every dollar probably would be worth 50 cents or less. Hence, all of it is a fiction.

Question: If such a businessman like Trump has come to power, would it accelerate or, on the contrary, slow down the process of correction and the recognition of evil?

Answer: I think that Trump wants to put everything in order. After all, he understands that in today’s world, everyone is very dependent on each other: China, India, USA, Brazil, and Russia. It is such a vast economic network that no one can be free from it.

Question: But if I am John from Wisconsin and Trump organizes everything, I have no motivation to change my life. Yet, we were talking about the process of correction and the recognition of evil, about moving to new relationships and new economy.

Answer: John from Wisconsin doesn’t need to change, but Chaim from Jerusalem must. Chaim and Sarah from Jerusalem are obliged to change, and then John from Wisconsin also will change, along with Fritz from Berlin, and Jack from London.

The problem is how Trump will put pressure on Israel so that it will finally begin to engage in spiritual correction. The spiritual correction must take place in Israel, the financial correction in America, and then everything will be fine.
From the Talk Summarizing 2016 12/25/16

Related Material:
The World Economy: On The Threshold Of Drastic Changes
The Collaborative Consumption Economy
New World Economy

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