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"Apparently, there are moments in history when flying up your own butt-hole is the most comforting available option."

By HEYYOU following x   2018 Jul 9, 9:01am 202 views   0 comments   watch   sfw   quote     share    


" We commonly refer to this dynamic as “growth.” When that growth, as expressed in modern GDP terms, slowed dramatically after 2005, we launched an array of clever mechanisms to keep faking it for a while. Racking up immense debt was our way of faking it. If you can’t cover your costs in the present, just borrow from the future. Unfortunately, that works only as as long as there’s some reasonable expectation that debt can be paid back. We’re so far beyond that now, it’s not funny. And that realization alone will destroy the bond markets and anything related to and dependent on its operations to function."

Debt is not being called in quite yet.

http://kunstler.com/clusterfuck-nation/collapse-goes-kinetic/
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