Monday, April 06, 2009

End of story

"What they're missing is real simple: peak oil means no more ability to service debt at all levels, personal, corporate, and government. End of story. " JK

It doesn´t take more than an intelligent fool to understand that you cannot make new debts to pay the old ones.
I mean, you can, but the result will be an even worse situation than the current one.
You cannot make the economy going better using the same ways you used to make it worse.
It simply doesn´t work.
That is what any reasonable and wise president should see.
But we do not have such men anymore.
We have people whose only concern is how to get and keep votes.
All the rest is just governing.
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