by Jeff Nielson, Sprott Money:
We in North American live in “consumer economies”. Sadly, while most of us (even most Sheep) are familiar with this truism, few properly understand the ramifications – and certainly we cannot rely upon the drones of the Corporate media to enlighten us.
The first point to note with any (supposed) “consumer economy” is that this necessarily implies an unsustainable economy, and thus a dying economy. “Consumption” itself is nothing more than deploying (i.e. using-up) wealth.
It is mathematically impossible for consumption (by itself) to create wealth, and thus economic prosperity/growth.
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