Bill Bonner

Beautiful description by Bill Bonner on the aging of western economies and its consequences.

For the last 3 or 4 centuries the winning formula for developed economies and their governments has been simple: More energy. More output. More people. More credit. More promises. This formula has been so effective for so long people began to think it was destiny itself. It’s not. Instead, it is slave to destiny not its master.

For full article read: Destiny is Demography http://dailyreckoning.com/destiny-is-demography/