12 Mar '17, 9am

When This All Blows Up...... via PEAK OIL #oilandgas

The summary here is this: We are still printing and borrowing enormous amounts of money and credit, but the world is not growing any larger in response. The pressure is building. Nobody knows when all of that money and credit will have to be ‘trued up’ against the amount of real stuff out there. But it will. History shows us that it always does. And that moment will be referred to by most as a period of wealth destruction. 401ks will be shredded, bonds will become worthless, defaults will spike, institutions and entire countries will fail – but the truth is that all of that paper ‘wealth’ was an illusion. People’s faith in it had been betrayed long before, when those in power started abusing the system by creating too many tertiary claims. After the dust settles, there will be winners and losers, and those with the proper framework will understand that what actually happen...

Full article: http://peakoil.com/publicpolicy/when-this-all-blows-up

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