Mankind is not very smart. They repeat the past mistakes. We have done it....and will continue to follow the same path as 1930's and 1940's.
Things could get messy, if things are not changed. We are in a state of denial. The people do not want to hear the risks and the problems that need to be fixed and the changes that it requires. The politicians play along promising what they can not do. ......the problems grow deep and bigger each day, week, month and year. At sometime, there will be a breaking point. It will be fast and hard.
Remember the fall of 2008....the financial melt down. Very few saw it coming, and it was fast and hard. That was the first shoe that dropped.
Municipal Deflation: Consequences of the Greatest Speculation
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