Is the world economy crashing due to a lack of energy?
With India and China growing at rapid rates (or catching up at rapid rates), America, the UK, etc are going to rapidly detorriate because of dwindling energy supplies.
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Comment by Frank
No.
Posted on September 4, 2010 at 7:52 pm
Comment by ?Queen of Spades?
No, it’s not, but if it was the case, then Nicola Tesla is turning in his grave.
Posted on September 4, 2010 at 8:01 pm
Comment by D S
No, USA and UK have lived above their means and borrowed from their banks like mad. The banks borrowed from international banks. Once the citizens of USA and UK had to admit that they could not pay back their loans, the whole bubble deflated very quickly, taking everybody else on this planet with them.
Posted on September 4, 2010 at 8:21 pm
Comment by Jeancommunicates
No. The economy is crashing due to Money Changers running helter skelter.
Posted on September 4, 2010 at 9:16 pm