Our debt markets assume that the future will be (much) larger than the present.Crash Course Lesson 12
This is very interesting and apropos to this blog. I listened to lessons 1 through 12, but I think readers will be able to get what this guy is saying without spending the time learning some of the details... so start with 12 and see how it goes.
This guy's predictions have not come to pass. He is, never the less, correct that something's gotta give, and it will likely occur in the next 20 years.
HT The Oil Drum
and The End of the World (as We Know It) Is Nigh
And this is worth reposting