Shudder, Then Laugh

Let's hope this guy's crystal ball is off.

But this one sure has the ring of truth to it:

"The Ponzi Scheme of Credit Expansion will BEGIN to unwind -- as people realize that inflating assets and then borrowing against them, is not "an economy" -- nor is borrowing money from other societies and spending it in their shop. We can say what we want about the size of our "GDP" -- but the REAL ECONOMY -- the one where somebody actually MAKES SOMETHING is a healthy but too-small part of our whole economic picture."

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The (first) video here is hilarious. But in a very sad kind of way.