Squaring the Culture

"...and I will make justice the plumb line, and righteousness the level;
then hail will sweep away the refuge of lies,
and the waters will overflow the secret place."
Isaiah 28:17

06/07/2010 (8:47 am)

The World Economic Collapse, in 3 Minutes

Comedy, but also as clear a description of the fiscal crisis among the EU nations as you’ll hear anywhere. Sometimes economics is just common sense. Listen:

By the way, “they’re owned by China” is not very secure, either. China has been deliberately limiting their birth rate to 1 or less for several decades, so they’re sitting on a depopulation bomb that just hasn’t gone off yet, and that cannot be defused. When the next, smaller generation starts into its earning years, what they’re going to discover is that an industrial economy cannot survive a massive depopulation. Who will buy our trillions of dollars worth of debt then?

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