“What we as a nation have done recently is eat the seeds and kill off the game which is necessary to regenerate surplus in the future. We have consumed our future surplus. This is essentially why the Coming Depression will not end in 2009 or 2012–we as a nation have consumed our future surplus via stupendous deficits and the stupendous interest payments which must be paid out of future surpluses.” – Charles Hugh Smith
Jim’s Quote of the Day:
