You’re Wrong If You Think This Financial Insanity Can Go On Forever

Tuesday, June 19, 2012
By Paul Martin

James Kunstler
BusinessInsider.com
Jun. 19, 2012

The storyline behind the convulsions shaking the money centers of the world is such a hopeless labyrinth of mathematical metaphysics because abstraction unto infinity is the last refuge of those seeking to evade reality. This is why individual human beings faced with terrible choices go crazy, and it is true of societies and nations, too.

Reality is so boringly concrete. The facts just sit there implacably like dull cement bollards in a roadway, waiting for impact with objects in motion. These facts are as follows: The world is dead broke. (By “world” I mean those places where the electricity is on more than it is off.) The world spent all of its future capital to stage an orgy of blow-out development and then the future arrived and there was no money to run everything.

To make matters worse, there are massive interest payments due on all that money misspent. Nobody has the means to pay the interest. All the activity around this fact is an Olympiad of money games that amount to musical chairs and hot potato, signifying that 1) there is not enough to go around, and 2) somebody has to end up stuck with a problem.

The Rest…HERE

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