A lot of people are very upset about global financial conditions these days. Almost everyone I know is struggling to make ends meet, and failing at it. Debt levels are high, wages are not keeping up with inflation, our standards of living are going down year by year. The most likely endpoint of this process, for most of us, seems to be bankruptcy--But bankruptcy is increasingly being prohibited by law. The only people who seem to be prospering in the current environment are the Very Rich, Government Employees, and Organized Criminals. In the banking crisis in 2008, we bailed out the banks. It has gotten us nowhere. The banking industry has continued the same bad practices that got it into trouble in the first place. We are heading for another crisis of the same kind, but orders of magnitude larger. The usual endpoint for all this is a giant financial crisis, mass bankruptcy, hyperinflation, chaos, war, bankers and politicians ha...
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