“The problem the West is facing — Australia, the US, the UK … it’s all to do with consumer debt being too high. People can’t go on borrowing and borrowing and not saving anything, forever.
Meanwhile a huge amount of wealth is being created in Asia. They are financing our debts, and what they are gaining is real power over us, to the extent that when they actually grow to be bigger than us, we are going to be second-world nations. It’s like the fall of the Roman Empire.”
I always felt there is something inherently wrong with western societies. Now these faults begin to be articulated by life itself.
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