Via Scoop.it – The Great Transition

Whether or not the Euro situation leads to disorder, there are innumerable other debt problems around the world that are likely to get worse, as world oil supply gets tighter. Countries are likely to go back into recession, or see anemic job growth, and their governments will try to fix the situation. Eventually, the “borrow your way to prosperity” approach will have to end, either though debt defaults or through unwillingness of investors to purchase more debt. Gail Tverberg is becoming one of the authoritative thinkers on the links between our financial crisis and the energy/ecology collapse
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