your mission now and you must accept it
is to take responsibility from those who have left it
this is your world no matter who messed it
but by your very presence you now have blessed it
Monday, 2 November 2009
Stoneleigh's case for deflation
Stoneleigh's case for deflation at The Automatic Earth blog is essential reading. She and Ilargi have a grim view indeed about the future of the global economy, and they make an extremely convincing case. There is just too much bad debt out there, and our credit based economy has very little left to prop it up.