- The Demise of The Industrial Economy
What about the service economy? Great, as long as we also keep the industrial base intact, not out of some sentimental reasons but because it is the creator of technology upon which we all depend.
- The Rise of Assets and Debt
It does not take a rocket scientist to figure out that what is happening is dangerous. How is all this debt going to be serviced? So far we are doing it by issuing even more debt, purchased essentially by China, Russia and the Oil Cartel. I don't think they will keep the pyramid scheme going for too much longer and a global superpower cannot and should not depend on the lending practices of others.