snowbird (sylvia): I never believed 1975 was to be the end of anything
Sorry, this is not quite right. I already posted it yesterday in this thread.
1975 was a turning point in the world history. Similar to 1914. But it seems nobody takes care. Even WTBS ignores the facts.
In 1975 began the rising of state indebtedness, up to point of no return (worldwide!) - as a result of the Yom-Kippur-war in Oct. 1973 and the following oil price explosion. 1975 began the epoch of shortage of crude oil (peak oil 2010? - perhaps earlier..)
There is no way out, as you can see. This situation leads into a new war for oil and other raw materials. Read the works of important economy scientists, please.
fly