Wednesday, February 20, 2013

The Big Rip

Bill Gross knows astronomy/physics: 

"[Our] current monetary system seems to require perpetual expansion to maintain its existence. And too, the advancing entropy in the physical universe may in fact portend a similar decline of 'energy' and 'heat' within the credit markets," writes Gross.

Bill Gross said this will result in a Big Freeze of credits. I'll add that it will also result in a Big Rip of the economy.

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