Thursday, 18 December 2008
Oil price collapse signals instability
While we will all take some personal comfort in oil falling - at the time of writing - to $36, this is indicative of a huge instability in the world's economy. There are very major undercurrents taking place at this time and it is not clear what is happening, or about to happen. This is a massive machine, constructed and designed by no-one, essential for the maintenance of twenty-first century life, that is breaking down -- crumbling -- in front of our eyes. We are on a cliff-edge.
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