Summary: 2015 will be an exceptionally difficult year. A word on why commodity prices have been collapsing (deflation). The bubble that preceded the collapse was responsible. A painstaking look at several commodities to see how their prices were mercilessly bid up by greedy financiers. China played an overwhelmingly large part in all this with its mad scramble to become the world’s export factory. But given that their massive works projects were a one-time affair, what are they going to do for an encore? How will they unwind their massive debts? Economic war precedes military conflict. No example of economic war supersedes what we see worldwide today. That is why military conflict is certain. A quick word on housing and how it relates to shale production. A word on why the entire expansion meme is a phony bunch of nonsense. The whole thing is debt-based. Without the infusion of debt there would have been no expansion at all over the last thirty years!
