[iNYZgxNC]

It's a given anyway. If we-- either the government or private citizens-- stopped borrowing money like there's no tomorrow, we wouldn't be able to buy enough goods to support the people who produce them.

The only thing we can do is adopt policies that will slow the crash down so that we can buy some time to prepare for it. Of course... noone in the government is even remotely interested in making preparations, because that would be admitting that there's a problem. (And it would start a consumer panic which would probably accelerate things.)

The debt is rationalized as being relatively small as a percentage of GDP, but as GDP growth is completely driven by debt--assuming that there is any growth, which may not be the case--and we have no way of changing this dynamic without the house of cards crashing down, much less paying off this mountain of debt, it's a totally fraudulent perspective.

The global economy appears to me to be little more than an immense check-kiting scheme. Everything appears OK--if you don't look closely--as long as the money keeps moving around, but when the merry-go-round stops, all hell is going to break loose. A few more storms and/or energy market disruptions is all it'll take, I'd say.