I have been predicting a global financial collapse since I was at school. I remember learning about both population growth, and world resources and how they are used, and came to the obvious conclusion that a system that relies on ever-increasing consumption of finite resources, by growing numbers of people, was clearly doomed. And that’s without knowing anything about our debt-based economy.
Many years on, it seems like we are always on the brink of total economic meltdown. But governments keep on pumping more hot air into the bloated system as it teeters and stumbles along leaving a trail of destruction and gigantic mountains of debt. They throw out news of ‘economic recovery’, but with the US economy in more debt than ever ($14 trillion as of end of last year) this ‘recovery’ sounds completely absurd. Continue reading