Unpayable Debt, Brent at $105 and Gold Soaring: The Collapse in Figures
There is a date looming on the calendar for this issue: October. No year, no source, no supporting document. Just October. Around this prediction, an inventory of indicators has been raised, which, lined up, paints the picture of a slow-motion global economic debacle: debt no one knows how to pay, Brent crude at $105.1 per barrel, gold rising as the only refuge, and a shopping basket offering no reprieve. The breakdown of these figures—previous closes, intraday ranges, percentage variations—is on the table, and it brings no comfort to anyone.
Global Debt and the Solution Attributed to Trump
The first indicator is the oldest of all. Global debt, it is argued, is unsustainable, and little need to elaborate before accepting it. The only way out proposed has an acronym: NESARA GESARA, a conspiracy theory of debt cancellation and global monetary restructuring that some link to the U.S. President, without official confirmation or a single verifiable document to support it. The most cynical reading of the argument is that Trump 'is not only ruining his country, but wants to ruin them all.'
Oil: Closed Routes and a Barrel at $105
Brent trades at $105.1 per barrel, down 2.35% from the previous close of $107.63, with an intraday range between 103.56 and 109.61. WTI remains at $99.93, down 2.49% from the previous 102.48, with a daily fluctuation between 98.53 and 104.46.
The striking thing is not the price. It is what is claimed lies behind it: supply routes being 'opportunely' shut down, Houthi attacks on Saudi Arabia, and a request for help from the U.S. President that, according to this narrative, went unanswered. No one proves that the closure is deliberate and not merely a consequence.
Gold and Food: Where Money That Believes in Nothing Takes Refuge
When confidence in bonds, cryptocurrencies, and almost everything else erodes, money seeks gold. The evolution of the metal over the past two years is cited as proof that something is breaking down internally, leading to a brutal conclusion: if you cannot afford a gold bar, buy canned tuna and preserves while the money still buys something. That is the entire hedge.
And then there is food. A graph of food prices circulates that garners more credibility than official data, accompanied by the warning that it lacks one or two years of data. The accompanying recommendation: getting used to three days of total fasting per week. 'It is very healthy for the body,' is the justification.
What Solutions Are Proposed for This Debacle?
There are solutions for everything, and almost none of them are comfortable. Weekly fasting. Preserves. Redistribution of wealth and housing, curbing mass tourism, limits on each individual's ecological footprint, repairing before recycling and replacing; measures that, it is noted, clash head-on with capitalist logic. Some also point to hardening migration policies, others content themselves with a worldwide socialist revolution, and some solve the problem with large-scale war, as if it were a proven method.
Against this backdrop, one stance offers no solutions: past fifty and having lived life to the fullest, there is no intention of surviving through penalties. No three days of fasting, nor enduring years of hardship for nothing.
The calculation that concludes all this is not economic. It is temporal: there may be fifteen or twenty summers ahead, and they will not be the best. With that arithmetic, no gold graph can withstand comparison.
Summary of a discussion on Burbuja.info - Foro de economía, actualidad y política., translated from Spanish and reviewed before publication.
Read the full discussion (72 replies).
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