Why The World Is Financially Doomed In Four ChartsSubmitted by JJames on Tue, 03/22/2011 - 17:22
by Charles Hugh Smith
The global economy is doomed to implosion, and here are four charts which explain why.
Though the complexities may appear endless, the global economy's coming implosion is really fairly easy to understand: here are four charts which do the heavy lifting. It boils down to these basics:
Here's an interesting analysis that I thought easily explains the problem of debt created bubbles and disaster. It makes me think of all my friends who bought things they couldn't afford like houses, boats, snowmobiles, useless degrees, trips, etc. I'm just about sure that there's a lot of broken marriages that wouldn't have been, had we had real money all along. I can only wonder how many other social problems the Fed and their ponzi scheme have created.