Friday, February 26, 2021

Oil and Debt: Why Our Financial System Is Unsustainable

by Charles Hugh Smith, Of Two Minds: How much energy, water and food will the “money” created out of thin air in the future buy? Finance is often cloaked in arcane terminology and math, but the one dynamic that governs the future is actually very simple. Here it is: all debt is borrowed against future supplies […]
http://dlvr.it/RtZdXJ

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