If only that could be true--This economy is too dependent on Debt for survival. Or rather should I say: The world is now a Debt-Based economy.
90% of the money in our economy has been created in the form of I-owe-U's, rather then useful goods and services. It's pretty sad really, but we're starting to feel the pinch of what happens when I-owe-U's are not paid back a-la the mortgage, student loan, and credit card meltdowns.
Unless more debt is created faster then existing debts are paid off, our entire monetary system will come crashing down.
