Summary: The situation is much worse than you are led to believe. Denial reigns supreme. Teens are simply not interested in driving anymore. They prefer technological gadgetry which is almost free and allows them to stay at home. The transformations offered by cars are now passé. People are returning to live in the cities from the suburbs. Gas is expensive. Bicycling is becoming all-the-rage in the big cities. Europe is in terrible shape. Huge and growing unemployment, massively rising taxes, a double-dip recession (whatever that means), burgeoning debt… More on the specter of war with China. The recklessness of Fed policy. Pentagon working hand-in-hand with France to spy on the UAE. Government and Fed policies seem like magic tricks – until people begin to believe them. Then they are considered as magic! Economic growth is not achieved through the issuance of debt
