Almighty Chaos

Something has snapped in the spirit of the time; events have gone beyond human capacity to control, predict or even conceptualize. Those who insist they know what is happening are merely pretending, or dissembling. When novelty arises, when old structures disintegrate before new patterns reveal themselves, there are no experts.

Perhaps the best oracles we can consult are systems analysts like Erwin Laszlo. Laszlo studies chaos theory and believes global civilization is a few years away from what he calls “the chaos point.” According to Laszlo, we are at a “crucial decision-window” of instability. “When we reach the point of chaos,” Laszlo tells us, “the stable ‘point’ and ‘periodic’ attractors of our systems will be joined by ‘chaotic’ or ‘strange’ attractors.” These “strange attractors” will propel us, like booster rockets, to evolutionary development or entropic debauch. In other words, we should prepare ourselves for the unknown and inexplicable.

The current economic crisis provides an intriguing case in point. [...] It seems inconceivable that the financial institutions and speculators didn’t anticipate large-scale defaults. Perhaps they were counting on the Federal Reserve to bail them out. During the last months, in fact, the Fed, along with its European counterpart, has poured hundreds of billions of newly invented dollars into the financial markets, temporarily stabilizing the system and rewarding the speculators while doing nothing for the masses of people facing eviction from their homes and creating the prospect of hyperinflation.

The Fed, a private institution, “injects liquidity,” quips the New York Times, without needle or syringe. As a Lehman Brothers economist notes, “All they do is write down a number and credit that amount of cash to the bank. It’s a bookkeeping entry.” The Fed’s miraculous capacity to create instant cash brings up deeper questions about the nature of money today — what is it? De-linked from the gold standard, money is based on little more than our collective belief in it.

In Third World countries, currency crises — often brought about by predatory speculation — frequently lead to frozen bank accounts and long breadlines, followed by a change of currency that creates immense profit for the banks and the government. Of course, many believe that such a thing could never happen here. Recently, there have been rumors of a plan to form an American version of the European Federation, uniting Mexico, the U.S. and Canada under a new currency, the “Amero,” and a new constitution, devised by the bankers.

Source: Common Ground Mag