Monday, March 31, 2008
Massive collpase coming….but when ….2011????
"In the end, the whole industrial world will stoke a fresh credit bubble to put off the day of reckoning, for another cycle.
The capitalist system is now so deformed by debt that it requires ever lower interest rates to keep going. It survives on perma-bubbles. Monetary rigour at this late stage would endanger democracy.
How did we ever let matters reach this pass?"