The Earth Shift

100 people are placed upon a deserted island not yet visited or inhabited by mankind. Each of the 100 has a certain skill, talent or knowledge beneficial to survival and progress on the island. All elements necessary to provide for habitation over the undefined long term are present; individual ability and group efforts especially, will achieve the better progress. Each of the 100 new arrivals is given 1,000 coins to use as a medium of exchange. It isn’t possible to make any more than the 100,000 coins provided and only 1 rule applies; payment for any goods or services provided must be made with the unique coins; charity and gifts are fine; barter is prohibited.

You can already envision what develops; as the 100 people define wants and needs and the resources, knowledge, talent and cooperation come together, some of the 100 end up with more than 1,000 coins and others have less. Some talents are unique and in demand; the ability to climb the highest palm to cut the best fronds for roofing will earn well compared to just picking and selling fruit within anyone's reach.

Suddenly a hot air balloon appears and comes closer, eventually dropping a small crate from a parachute before it continues its silent flight towards the opposite horizon. The crate contains 100 small boxes with 1,000 coins each, one box for each person. Suddenly the money supply is doubled! For the person who might have little or no money left, this is wonderful. It’s also great for those individuals or groups with more coins, their potential customers could likely return.

Do the 100 people now have more ability or talent than before the balloon showed up? Are there more resources? Are there more mouths to feed? More bodies to clothe? Do they need more air or water? Are more fish created to be caught? Do the trees suddenly grow more or bigger fruit?

Is there any more demand and supply? Is it just a mathematical change, then, the addition of more coins to the “economy”? Have we simply renewed temporarily the ability of some to obtain more food or shelter? After these new coins percolate through the 100 people, will things just return to the "pre-balloon" situation?
 So having more money doesn't really improve things.

The illusion of wealth evaporates very quickly in this antiseptic example; in a real economy with millions of players, the illusion is reality. The very thing that makes money worthwhile – our belief – makes it worth less and less; the more of it you have, the less any one person can do with each single unit. The power is diluted. Ignore corporations, governments, companies; these are all but groups of people. A company doesn’t decide; people choose what to say or do, in all cases.

The richer versus poorer person can send out the units of currency and influence or motivate others, but it’s all voluntary and belief based. It’s impossible to motivate a bear back into the woods with a cash rebate.

Nowadays, the amount of money in circulation has increased several multiples over the past few years; there are about three times as many US dollars “out and about” as in 2008. Similar effects have taken place with many major world currencies; the euro, pound sterling and so forth. The expansion – or “quantitative easing” as it’s been euphemistically named – is a tried and true technique employed for several reasons.

Economic downturns occur because of belief, just as do the upturns. The belief is that money is better held than exposed, so new investment is slowed or stopped and where possible pulled back for safekeeping. Central governments utilize debt instruments as tools to increase the supply of money so that hoarding of cash does not add to the slowdown. This very thing occurred in the 1930s in the United States and was a major factor contributing to the economic troubles that entire decade. Increasing the supply – printing money – was used successfully to finance war spending in the mid 1940s, and was particularly useful in Brazil for decades, even as the money printing and inflation eroded the benefits after it was deemed “too late” to curtail momentum.

The coming economic collapse will not occur because of hoarding of cash, although that will happen. It will be worsened by logical, methodic and prudent decisions made by holders of cash in light of unforeseen circumstances.

Oil and thus fuel prices will rise in response to supply disruptions; as the effects pass, prices will drift back to yet rise again as new events take place. As of this writing, tensions are high between nations located in the center of a large crude oil supply area of the world; the outbreak of hostilities there can certainly have an effect. The business of producing fuels and many products from crude oil is large, sophisticated and capital intensive. Future production is actively traded in significant volumes, the future prices from which determine current process today. Even just uncertainty causes prices to rise, if the expectation of future production becomes even incrementally more doubtful.

Fuel price increases will be passed along by all producers of commodities that require movement by some conveyance using hydrocarbons as fuel. Not only will employed people who depend upon fuel to travel to work be affected, the cost of nearly all consumer goods will also increase as sellers attempt to maintain profit. Higher costs will cause lower overall oil consumption; this has already occurred in many developed countries over the past 3 years as consumer fuel prices have nearly doubled, independent of taxes. Because many nations taxed fuel so highly already, the increase in the cost of product itself is a lower percentage of the total price and thus not as sharply felt; not yet. The challenge is that as prices increase and consumption drops, fixed costs will at best remain flat, increasing the per unit cost of production. If supply becomes so constrained that insufficient crude oil is available to make a profit, oil companies will begin to fail, after enjoying intermediate windfall profits. All industries, particularly vehicle manufacturers, whose products use crude oil derivatives or employ them in their own production – plastics and rubber are large examples – will come under pressure. International transport relies heavily upon fuel for both ships and aircraft, so pressure will come to bear on international trade. Expect automakers, airlines, aircraft manufacturers and oil companies to all be sharply scaled back or to disappear, crushed by debt.

All of these effects will come together to reduce economic activity. No shortage of cash will be an issue; it’s just that the value relative to other currencies will shift dramatically and holders of assets will pull their horns back even more than has already occurred. Little opportunity for growth and thus profit will appear. All of this will feed an economic condition known as "stagflation" where prices rise but growth is stagnant. Fuel prices will set off commodity price rises, which will spread like a virus. Incomes will not rise along with the prices. Those holding large amounts of money will obviously hold it back, as the values of paper investments such as stocks, bonds, bank certificates of deposit all lose value rapidly. Capital will flow towards production of necessary products however the expectation of price increases will indeed cause sellers to ask for high prices to provide acceptable profit margins and those buyers unable to reach those prices will stay away. Growth will stagnate and prices soar. This will have a negative effect upon many people; in fact the majority around the world will experience this.

Unemployment will skyrocket. Social disturbances will flare; this has already happened but will increase for some time before it becomes apparent that vicious protests are not productive. Those who hold large amounts of cash will be targeted and criticized as the many who feel pressured by economic disturbance seek a depository for their anger.

Large banks will fail; foreclosures of homes will cease. Banks will not seize houses for several reasons; there will be no market to sell the house as mortgages disappear. A bank is not interested in holding interest in a building for which it will become responsible to pay property taxes when it believes it stands nil chance at reselling the seized asset. No bankruptcy court will successfully order receivables to be sold off; there will be no buyers. Construction of new houses will cease; existing houses will not be able to be sold until a mortgage is paid off and nobody will seek to pay off a bank that isn’t interested in foreclosure. Seizure of houses for unpaid property taxes will be an interesting situation; how far will a taxing authority go to decimate a community?

As international trade quickly fades and unemployment rises, receipts to government authorities will drop precipitously. The ability to borrow, albeit at ever higher rates of interest, will disappear and the corrosive effects of printing of money will become obvious. Our isolated island example above will have had enough time to percolate through economies. This option will become unavailable as social unrest, dissatisfaction and government inability to manage all overwhelm heretofore traditional government functions. It will become a very bad time to be a politician; citizens will largely ignore authority, especially national governments as they become inconsequential. Activity will be refocused at the local level.

Formerly large nations will come under pressure to fragment and in fact this will take place to some extent. Society as it’s configured today, with much attention placed upon accumulation of wealth and purchasing power, will be forever changed. Fear of inflation, set off by price increases reverberating through society, will not be resolved for holders of precious metal. Gold, silver and platinum have value as jewelry and for industrial production. As jewelry comes to be a needless luxury, industrial production falls back such that demand for platinum in catalytic converters fades, gold coated contacts in circuits used for electronic devices shrinks, then owners of such precious metals will discover their inherent value rested upon the assumption of an eventual return to prior economic activity. Belief, in other words. Beliefs will be shaken. Not stirred, shaken.
 Hoarding of supplies will be an initial response and is actively encouraged now; the issue ahead will be after such supplies run out; do humans simply stop eating? So as the long term reality becomes apparent, the short term wisdom of stocking up will cease; basic supplies will still be required. Much activity will shift to the need and supply of these basics. In short order, aspirations of saving to get that new BMW will seem like a distant, crazy and foolhardy fantasy.

Current news reports tell of increased suicides in Greece, driven by fear of bleak economics. Austerity measures are causing concern among many whose idea of self-worth is financial. In worst cases, fear of even a safe place to live or decent food drives the desperate acts. Sadly, more aspects of this scenario will play out across the globe. Societies will, however, also come together in many ways as good citizens see themselves in their fellow wo/man and rise to a higher level of participation. Entrepreneurial spirit and ever-more-efficient production as the way forward will be forgotten but for their uses as beneficial to the well being of the immediate community. As travel becomes more difficult and time consuming, interaction locally will be forever changed and in most cases improved.

Central to the economic collapse will be a person’s self perception; how we view ourselves when the components of professional image are removed will be forced to change. Loss of employment, income, assets, work routines and the daily cycles associated with them will all be altered.  Success defined by money will no longer be possible. How will people react to this?

The notion of employment implies a connection to a group, not just money. Certainly money matters, as loss of employment nearly always causes concern about it. Beyond money for acquisition value is money as a yardstick of relative worth; the more an employer pays any one employee is taken as a clear indicator of that employee’s value to the organization. Personal pride arising from a sense of accomplishment figure as prominently in one’s image of employment as the cash disbursed.

Even with recent high unemployment in the more financially and industrially developed nations, little societal recognition is afforded permanent job loss as economic. There persists an idea of personal failure or deficiency; unless the entire operation is shuttered, any employee released will look upon the survivors as superior and thus at her or himself as accordingly inferior. Certainly there is a component of higher versus lesser perceived value; an employer faced with job cuts to ensure survival is unlikely to dismiss what it sees as being its top performers. When employment scarcely reaches 50% of the potential working population, job loss will be like a soldier walking blindly into the range of a hidden machine gun nest; who gets hit will be random. Half go down; little if anything caused one person to be chosen over another will factor into it.

Pressure will mount to find new employment; it will be easy for a newly unemployed person – especially one with mortgage debt, dependents and other significant obligations – to redouble efforts and default to the idea that success is largely the result of hard work, efforts and goodwill.

As employment and all of the attributes it entails evaporate; salary, position, activity, daily routine, hope for advancement, creative satisfaction, competitive success and the sum total of one or many of these, which is, a sense of personal worth, we humans will be forced to reconsider what’s truly valuable and what is disposable. New measurements of our role in society will spring forth. Many of us will realize that we are not what we do. We are much, much more.

High fuel prices will eat directly into disposable income, what motorists are able to pay. Leaving less to buy other things will be further damaged by skyrocketing prices for nearly all consumer goods; vast amounts of goods arrive at retail stores by truck. Perceived luxuries will decline in sales as consumers seek the basics; home cooked meals will prevail over eating out. Any product deemed unnecessary by consumers will suffer a severe drop in demand; in many cases the fall in sales will be such that basic fixed costs cannot be covered and the product or service will disappear completely.

Airline travel will fall and eventually almost disappear. Automobile purchases will decline; most vehicles in use can be maintained for some time longer. When buyers faced with sharp increases consider new car prices ravaged by inflation – most materials, parts and components require oil products for at least transport and often to make – they will opt to keep the vehicle they have, or buy used. Soon fixed costs will exceed income and will cause many automakers to fail.

Government debts will be serviced by pure printing of funds until collapsing industrial output demonstrate the falling value cannot be saved, even with this method. At this point government debt will implode; borrowing will cease. Drastic cutbacks in government activity and outlays will take place. The influence of politicians will wane; many believers in government stability and permanence will seek to blame someone for ineptitude, and much of the blame will be supported by evidence. Reality is that collapse would have come to governments either way; the plan is to make society largely a local affair.

Pressure to fracture political alliances or subdivisions will cause this very thing to take place; where key commodities are located will cause the inhabitants of the state, nation or territory to consider independence to gain or maintain control; crude oil will be a big driver of this development.

Physical upheaval of the way Earth operates, detail of which is well documented by many sources yet still almost universally unknown and much disbelieved by the few aware, will cause serious effects in its own right. These physical changes to the environment will only accelerate economic contraction.

Amidst all of the economic shifts, the collapse will bring unprecedented benefits in the middle of the strife. No longer will money define character so absolutely.  No longer will so much activity in pursuit of wealth consume our existence. Many people will learn to take time to see life for its beauty and will again appreciate what they have that cannot be lost. Attitudes will improve; ideas will regain popularity. Introspection and understanding will be valued as they have not been for some time on Earth. Popular ideas attached to political movements will both be surprised; many supporters of certain sets of ideas will see the value of certain concepts yet learn to appreciate the downfall of their implementation.

As the international aspect of commerce slows to a trickle, as employment fundamentally changes and a re-examination of roles and responsibilities is the forced result, our awareness of self will improve. Our desires and intentions will clarify and our definitions of happiness and contentment will be re-set. A more traditional family unit will return, unshackled by rigid perceptions of gender, age and pro-creation. Strong family interaction will flourish where it had become less active; roles and responsibilities will be shared and developed differently and less societal criticism will inure to the pioneers of this world change. Soon the modified activities of the family will be adopted universally; groups of families will coalesce into communities. Cities will become groupings of distinct communities in close proximity which interact as might traditionally had been seen only in a suburban or rural setting, not so long ago. 

Humanity will be forced to recognize the limitations of wealth, assets, buying power and social status associated with these characteristics. The constant flow of imagery of some other place where symbolic streets paved with gold traverse the land of milk and honey as it flourishes ever more enriched, will all cease. The fantasy idea will be recognized and discarded. Travel to those places will become unnecessary as it becomes difficult and our focus will return to our immediate environment, our accessible surroundings.

The Economies of The United States, China and Europe

Economic systems of these the three largest financial regions will see the greatest effects.

The United States owe massive amounts of money to China. Faced with dwindling receipts, the debt will be kept current by creating money. When growth stops and the United States economy shrinks, the ability to purchase goods and services will naturally diminish for each dollar. As debts are paid with more printed money, lending will stop. China will have less and less ability to purchase with US dollars but this situation will become moot as the ability to ship goods offshore will be halted. China, addicted to supplying the world, will undergo radical economic transformation. Most manufacturing will stop, as most of it involves export goods.

As China halts exports, refuses to buy US debt and becomes economically isolated once again, the United States will stop servicing its own debt. As the debt to China is ignored, the value of US Treasury securities will plummet in general. All attempts to print money will further erode confidence.

Europe’s debt, already unmanageable for several nations, will have a similar effect across the European Union. Nations with greatest perceived ability to withstand the financial onslaught will abandon the “eurozone”, revert to prior currencies and stand-alone monetary policy. The European Union will break up and cease to exist. These steps will do little more than delay the onset of permanent economic change.

Unlike its central government, the states of the USA cannot print currency or make monetary policy. As the central government’s ability to grapple with the financial downturn proves insufficient, pressure will come to bear on bankrupt states. Faced with mounting debt and declining revenue, many will default on state bonds. Not only will this kill the lending and borrowing but will also cause the states far from this position to reconsider their role. The 40+% of spending that is borrowed by the USA’s federal government is not spread evenly; some states get little or none of it and not even the equivalent of taxes levied by the central government comes back in services and benefits. Other states get a far higher %  than their population bears to the national total.

Faced with a share of the national debt from which it received no benefit, such states will bitterly resent continued tax payments perceived to be destined for a bottomless black hole.  There will be pressure for some to secede and this will occur, likely where abundant natural resources allow temporary economic isolation. The condition will pass quickly as other states lacking certain urgent production will barter, if necessary, with the newly independent territory. Central government reaction will be predictable but any pressure placed on a remaining state attempting to barter this way will be seen as hostile.

Against the backdrop of financial shifts, this will be less devastating than it might first appear. National pride will be injured, to be sure, however little practical damage will be done. The seceding state(s) will see a benefit from such a move.

Trade barriers will be temporarily erected between former European Union nations but these will crumble. As most trade between Europe, the USA and China will cease, little effect will be felt in the one region from what befalls another. International currency trading will all but halt, as relative values of one to the other will become risky and difficult to establish. As trade will drop off, the need for currency trading will fade anyway.

As trade drops between nations and becomes a memory, so will the vast majority of workers in the trade & logistics business. International finance will be curtailed as a result.

Social Chaos

Sadly, the motivation to embrace circumstances in the not-so-distant future will require forced intervention; large percentages of us will not take well to the disruption of our life patterns. Humans like to watch our ship’s hull spring a leak and lament about how only the “others” aboard will get wet. As effects begin to “dampen” everyone, resistance and protest will ensue.

It is superficially gratifying to seek guilty parties and allocate blame; the process serves several functions:  it allows the blamer to step outside the self-designed circle of negligence, reinforcing a noble self-image of confident competence: pride in one’s point-of-view is a powerful emotion. Assigning blame also provides a sensation of control; feeling as if one is "in command" is always better than feeling out of it, reality notwithstanding. Reinforcement of an illusion of control can also be seen as giving motivation to officials “in power” to “do something” about a situation.

When faced with disturbance to well being, the affected are not given to navel-gazing analysis; emotional reactions usually win out. Reflexive responses often include physical protests against the perceived powerful forces "in charge".

Some time will pass before the chaos is understood to be unproductive and circumstances are accepted. The opportunity to lash out will fade as protests are taken for what they are; an attempt to delay reality. Just as a new convict might collapse in despair when sentenced to a long prison term, the urge to participate in a slow burn of protest against the central authority, which has now failed to provide, is the programmed response many will manifest to challenges soon to befall humanity.

The positive aspect is how many vigorous protesters will soon turn their energy towards their own betterment and that of their community, as the futility of complaints becomes obvious.

Trade & Barter  - Cash De-emphasized

Money as a medium of exchange has long been taken for granted as a permanent feature the world over. It will undergo an unprecedented role change in the next few years, playing a key part in the metamorphosis of humanity on Earth.

Money is a value voucher that exists on belief. Economists call it “fiat money” because of its value based on faith. Until the mid 20th century, many world currencies were based on perceived precious metals, but even this is subject to, and will in fact, change.

Sidebar example; aluminum was considered so valuable in the mid 19th century that the Washington Monument in the capital city of the USA, a 555ft/169m tall white stone obelisk, is crowned by a solid pyramid of it. A small lump was not produced until 1825; by 1845 it was more valuable than gold or platinum. Its value began falling around 10 years later; today gold costs almost 22,000 times as much. Aluminum is used to make cans.

British currency is still referred to as the pound sterling; even US currency briefly saw issuance of silver certificates, stating plainly on the note that it was redeemable to the bearer in that amount of the precious metal. US currency was taken off the “gold” standard in 1971, established as part of the Bretton Woods agreement of 1944 which set exchange rates and the US dollar price of gold.

Since then, governments are no longer bound to maintain reserves of precious metals to support issuance of currency. The most obvious beneficiary & victim was Brazil, which printed massive amounts of money and set off decades of hyper-inflation. Confidence in the value of Brazilian currency, the 5th most populous nation in the world, sunk and stayed submerged for decades.

Today, the total amounts of currency in banks, circulation and billfolds & wallets has exploded; shortages of currency contributed to economic troubles in the early 1930s and many central banks have moved in recent years to avoid this problem. This is a curious juxtaposition, as the majority of people affected by economic downturns are in that situation precisely because they do not have enough of it. Who has all the money, then? The people and their entities who had most of it before economic downturns set in, that’s who. The US dollar, as the reserve currency of the world, has the unique position of being necessary for trade in key commodities such as crude oil. One factor contributing to higher oil prices is that there are simply more dollars in existence, by virtue of the US government’s near runaway printing of it, than just a few years ago. Oil traders, producers and suppliers accordingly want more dollars per barrel, entirely logical. A German buyer of oil must first buy US dollars, so the effect transfers across the world.

As production of oil is cut back and that entire business begins to shrink vigorously, holders of dollars will hoard them; new hiring and investment, at a virtual standstill across many nations, will shrink. Receipts to taxing authorities will drop faster than obligations and payouts, which in fact will be pressured to increase payouts; this is already happening. The only solution – as borrowing screeches to a halt – will be to print even more money. At some point not-too-far-from-now, confidence in the value of a nation’s currency will slide. The potential positive aspect is that relative values of currency between nations will cease to matter as trade between nations – money flowing in opposite direction to the goods and services – stops. Accordingly the values of reborn Deutschmarks and Spanish pesetas to one another will not matter much.

None of this has been lost on investors, who have bid the price of gold into the clouds. Silver and platinum have followed the trend. Gold has intrinsic value for jewelry and industrial production. When gold is no longer in much demand for jewelry and industrial use has dropped precipitously, so will its purchasing power and value. Many perceived refuges from currency’s erosion in value and the collapse in paper investments like stocks, bonds and other instruments will encounter similar changes as did aluminum 150 years ago. Half the loss in value of any medium of exchange will be that many of the things previously in demand, thus valuable, will no longer be made or wanted. Automobiles, aircraft and many types of industrial equipment will no longer be made, not in current form or amount.

Internally, greatly tarnished central authorities, far smaller versions of their former selves, will no longer be able to issue currency with confidence. Little belief in its ongoing value will be given. Having likely already passed the hyperinflation stage, no longer will such currency be accepted. Absent the ability to issue stable currency, individual trade & barter will rise. Inflation indexing techniques & methods which attempt to restore some trading confidence will appear.

The holders of massive amounts of cash, at this step in economic decline, will have already converted as much as possible into hard goods or invested in futile attempts to retain “value”. Hoarding of cash will lose appeal; temporary, band aid solutions and their nature will become apparent in short order.

Humanity’s rising awareness of our purpose on Earth will frame the pursuit of wealth, savings, acquisition and consumerism in a new way. The exchange of a person’s good labor, service and products will no longer be seen as constantly measured in so many bits, crowns or quid. Currencies will become more like – or replaced by – the vouchers they really are. Trade, like society, will be localized and will rely more heavily on the faith of the parties to transactions than a central authority whose viability has long since been cut back.

The Return of Abundance

Earthquakes, volcanic ash, large, devastating storms, rising sea levels and large shifts of population that will result have all been documented elsewhere. A good deal of literate humanity would, at this moment, disbelieve such "ideas" no matter how presented. Once events are unmistakable, the speed in the turnaround of attitudes will power all the world's wind turbines (soon to be idled). Troubling as the events will seem, they herald a return to abundance.

What does abundance mean for any person, group, clan, tribe or community? "Expectations met" is a good interpretation as it applies to the physical. Right at this point we delve into the ever present challenge of what a group should have and what should any one person within the group have, as part of membership.

Look at any one person's "abundance"; what might that mean? Dictionary definitions say "more than sufficient, plentiful." So abundance is the meaning of sufficiency.

Too many people on Earth have difficulty with this definition when it involves food, shelter and clothing. How often should a person eat, where should he or she sleep and under what conditions and what clothes should be worn, how often should those be changed? What about disease, injury and medical treatment? Who should provide it, when and how will the people providing the treatment be trained and then made available?

In many industrialized countries, the answers to these questions are as automatic as the questions rarely contemplated. For the majority of humans, however, this is not the case. Vast portions of populations in many nations and territories struggle with food, shelter and medical treatment. Others simply take it for granted.

These things are "fixin' to change" as is common to say in certain United States dialects. Humanity has never before – in the several thousand years of available history – achieved general abundance for all populations. (Other histories currently considered as fantasy had much abundance; a subject for another day) Great efforts have been made to attempt abundance for all and initiatives continue into the present moment, ever more vigorous the debate over public policy employed to achieve them.

Soon the noble intent expressed by the many will seem them surprised and disappointed when this comes about, as the personal ambitions of leaders chosen to implement them will be stripped naked, for all to see. There will be diminished power in the hands of "leaders" and there will remain little for them to lead.

Like the large business that eventually fails as its size makes it impossible to control, so will the large influences of the large nations that greatly influence economics of the world. Economic analysis is not really about money but rather about transfer of activity; what are we willing to do, in return for what. As multinational businesses - financial, industrial, commercial alike – all begin to shrink, break-up, disappear and reduce down to the pieces with remaining value, expectations will be re-set as reality and availability are altered.

Steadily and more quickly than history gives any hint it can happen, humanity will create a return to abundance; what we expect in our daily life, what we appreciate about it and how we can make these things take place will all be approached differently. How to produce healthful food and what to consume will undergo change; what is considered a nice house and how satisfied with it any one person becomes will be an improvement for many but a step in a different direction for others. The perception of such change will be unpleasant for a few, and those few will likely squawk loudly by habit, but the complaining will drop off quickly as it's seen to be futile and mostly, unnecessary.

Confidence in supply will increase; nowadays supply is considered automatic but for enough money. Security and belief in access to a reliable supply for well being is deemed financial. When humanity – especially portions fortunate to have financial abundance as true possibilities, not just the struggle for it – runs over speed bumps of supply, some effects from these impacts becoming permanent, the realization will come quickly that all the money and stockpiles possible do little to ensure even shorter term adequacy and nearly nothing over the long haul.

At that point a refocus of what we need, appreciate and want will take hold. Appreciation and understanding will come to many of us, as we awaken from our current dimension and enter new levels of vision and comprehension. Pursuit and achievement of balanced supply will ensue, all happening voluntarily without being forced on anyone. Mankind will possess abundance.