"The point is, the financial system failed in 2008, and stayed that way.
The faulty formula behind all modern finance is debt raised to the power
of time, and only works when there is exponential growth in economic
activity and energy. Energy's exponential growth stopped in 2005 due to
resource depletion; three years later finance collapsed. Permanently.
Since then we have been witnessing a global game of “extend and
pretend,” which cannot be played indefinitely. If something can't go on
forever, it doesn't ... What the Cyprus crisis exposes is just the tip of the financial collapse
iceberg. Cyprus is small, far away, and by itself unlikely to crash the
entire system, but you never know—icebergs are known to flip and
crumble unexpectedly."
Zum Artikel von Dmitry Orlov, erschienen auf ClubOrlov (26. März 2013) »
Zum Artikel von Dmitry Orlov, erschienen auf ClubOrlov (26. März 2013) »
