The Endless Hopelessness of a Crushing Debt Contraction – and What to Do About It

Only mass default will end the world's addiction to debt ... As global debt rises off the scale, creditors stand to take a huge hit in a threatened tsunami of defaults. – UK Telegraph

Dominant Social Theme: This will end badly as it has to.

Free-Market Analysis: This is another one of those hopeless articles that the mainstream media specializes in. There's nothing about it that provides any action points. You can understand what is going to happen but you can't do anything about it.

This is a specialty of the so-called sophisticated business media – of the mainstream kind. They'll give you a better sense of reality but they won't provide you any solutions.

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