Just read two news stories about Saudi Arabia. One says that they’re cutting their oil production for a third time. The other says that they’re into a bunch of massive very futuristic building projects, a continuous city called The Line, an enormous city in one huge cubical structure, a floating city on the ocean, a ski resort in the middle of the desert….
How do you create these mega-$billion$ projects by selling less oil when that’s the only source of income? Why would you build new housing for people who aren’t there when the population is shrinking? Where is all the water coming from for these cities in a desert nation that has almost none?
We’re told that the “Oil supply is on the brink of collapse” and the gasoline price at the pump will soar, when the amount of production cuts is less than one percent of total global production.
This is why it’s nearly impossible to get a clear picture of the world’s economy. How is that done when everything contradicts everything else? Elon Musk recently expressed this same confusion, concluding that we “live in turbulent times”. I believe the reason for this is that there’s a lot of separate power bases that are now in competition with each other for future dominance instead of working together for mutual profit as they formerly did. Power has steadily become more concentrated into less groups and less people, who now own vast fortunes and control most of the industry.
Most of them agree on the principle of a global government, but not on the details of it or who should be in charge and the rest of us are caught in the middle of this shoving match. At least, that’s how I see it.