Four Years On The Debt Bubble Is Ready To Pop

It's been over four years since my last post on this blog, in which I pointed out the fundamental flaw in our debt based economic system.

The term 'Credit Crunch' is the catch phrase used by financial experts to describe the current economic woes. Talk about Orwellian Doublespeak. 'Credit Crunch' is merely a more palatable way of saying DEBT CRISIS. The people in power can't say this though because their answer to this financial meltdown is to take on more Government debt!

It is only a matter of time before the whole economic system implodes. It almost happened last year when the banking system was on the verge of collapse but the banksters were rescued by huge Government bailouts at the taxpayers expense. This may have postponed the day of reckoning for the time being but don't be fooled, the system is failing. As someone else said - "the only debate left is whether we sink into a poverty of empty pockets or ones bulging with pieces of worthless paper."