Endgame (Ø2): Special Drawing Rights hit the Arena

Brasil-Russia-India-China (‘BRIC’) nations are poised to start trading in Special Drawing Rights (‘SDR’s’) in lieu of greenbacks. In brief: the use of US$ as the medium for international exchange enables American household- and federal- debt to be as high as it is. The shift away from a global dollar economy marks the beginning of the end of Amerika-as-it-is-known. You heard it here first.

kairos – the right moment for a metamorphosis of the gods

“[A] mood of universal destruction and renewal […] has set its mark on our age. This mood makes itself felt everywhere, politically, socially, and philosophically. We are living in what the Greeks called the kairos [sic] – the right moment – for a ‘metamorphosis of the gods,’ of the fundamental principles and symbols. This peculiarity of our time, which is certainly not of our conscious choosing, is the expression of the unconscious man within us who is changing. Coming generations will have to take account of this momentous tranformation if humanity is not to destroy itself through the might of its own technology and science. […] So much is at stake and so much depnds on the psychological constitution of modern man. […]

Does the individual know that he [sic] is the makeweight that tips the scales?” – Jung, C.G. (1970), The Undiscovered Self.

Shifting baselines

“Present-day man has recently become aware that history has been accelerating – and this at an accelerating rate. The present generation has been conscious of this increase of acceleration in its own lifetime; and the advance in man’s knowledge of this past has revealed, in retrospect, that the acceleration began about 30,000 years ago … and that it has taken successive “great leaps forward” with the invention of agriculture, with the dawn of civilization, and with the progressive harnassing – within the last two centuries – of the titanic forces of inanimate nature. The approach of the climax foreseen intuitively by the prophets is being felt, and feared, as a coming event. Its imminence is, today, not an article of faith; it is a datum of observation and experience.” – Toynbee, A.J. (1947), A study of history.