KunstlerCast 269

Also known as Steve From Virginia, this week’s guest has a unique take on the nexus of energy, capital, and the destiny of industrial civilization. Steve writes: “The credit regime is falling apart under the weight of its own costs, not just in Europe. Government issue money ends a monopoly over a vital private good so that it becomes a public good, in this way the power of the banks to run our affairs is reduced. As a necessary component of this effort, the establishment must hold the financiers accountable for their crimes and negligence. The present conditions and schemes cannot be endured any longer. If the establishment refuses to act the citizens will take matters into their own hands, there will be revolutions.” --From http://www.economic-undertow.com