Guest Post: Why The Status Quo Is Doomed | Zero Hedge.
The wheels have come off the endless growth via expanding debt machine. Rising interest rates are the final blow to this agenda, and the political and financial classes have no Plan B. They are floundering, clueless, bereft of historical context, creativity and courage. Their failure of imagination is total, complete and catastrophic:
Damn, I’m depressed. I’m heading off to bed. Oh, read the whole thing, it’s bad even before the unfunded liabilities of Medicare and Social Security ($87 trillion).
