Well, I think we mostly agree. I don't think debt was the original issue ("what brought us into this situation"). What I personally think is that the whole deb

Well, I think we mostly agree. I don't think debt was the original issue ("what brought us into this situation"). What I personally think is that the whole debt-money creation is just a broken, arbitrary system that the world outgrew (Just like we outgrew classical mechanics - it was sufficient and then turned out to be incomplete) How it will turn out? Painfully, because the assumptions are out of touch with reality. (cough Alan Greenspan cough) More worthless money will be pushed in, rates will remain stuck (or go down!), more "busywork" nth order financial derivatives, the can will be a little further down the road. Up until there will be no way to pretend anymore (what one can't hide away at some point: http://www.infrastructurereportcard.org/ http://www.infrastructurereportcard.org/)