Bubbles arise when asset prices inflate above what underlying incomes can sustain. Centuries ago, the Dutch woke up one morning and discovered that tulips were simply just flowers after all. But today, the public has yet to wake up to the mathematical reality that over $200 trillion in debt and perhaps another $500 trillion of un(der)funded liabilities really cannot ever be paid back under current terms. However, this fact is dawning within the minds of more and more critical thinkers with each passing day.
Tag: Chris Martenson
With the western propaganda flying thick and heavy, it’s more important than ever to cut through the chaff and learn what we can about the most important geopolitical realignment (and renewed tensions) in recent memory.
In 2008 the global economy lurched to a halt, threatening another Great Depression, only this time on a global scale. Oil prices nearly hit $150 a barrel. Soaring cost of living led to revolutions across North Africa and the Middle East. Fukushima and the Deepwater Horizon crises exposed the fragility of our energy systems.
And here is 2014, we’re still grappling with the repercussions of these issues. And their root causes remain sadly under-addressed.