Must Read: 'Peak Money'
A long article at Economic Populist explains fully and brilliantly how the current economic crisis started and why it will inevitably lead to complete collapse.
Most people in the West understand this problem in an intuitive and emotional way, but that doesn't matter. Our "governments" understand it precisely and enjoy it, because their bosses at Goldman enjoy it.
= = = = =
An interesting echo of the 'loss of confidence' theme in
this New Year essay by one of the few old-fashioned poets still writing for newspapers.