The Economy Is Mortally Wounded

“A fully financialized, totally debt and speculation-dependent economy is terminal once leverage and debt stop expanding exponentially.

We all know the movie scene in which the character is wounded but dismisses it as no big deal, and then lurches into the closing sequence where we discover the wound was not inconsequential, it was mortal, and the character expires.

That’s a fair depiction of the economy–both the U.S. and the global economy. The rapt audience is assured it’s just a flesh wound and the character will soldier on, teeth nobly gritted, and that sets up our surprise when he/she tragically expires in the climatic scene.”

https://www.oftwominds.com/blogaug20/mortal-wound8-20.html