It seems like it was only last night that the bedtime story was about the monster of Peak Oil. In that story, the ghost of Peak Oil future showed up in the present as vehicle gas tanks too big to fill.

Tonight's story is about the big bad wolf of Peak Debt. It seems followers of Gordon Gekko of Wall Street, the movie, have updated the 80's 'Greed is Good' investment strategy into todays so hot its toxic, 'Debt is Good' investment doctrine.

The 'Debt is Good' doctrine states that debt is like all the tea in China. Debt is a bottomless pit that falls all the way to China and continues out into the sky and beyond the sun and past the farthest star and goes on and on forever. The doctrine states that money DOES grow on trees. How much do you want? Debt can be cooked up like a supersized, McDebtolds burger while you wait.

But behind every residential and commercial loan and it's future stream of payments is the ghost of Peak Debt present. The DOCTRINE doesn't believe in ghosts. Even if it did, it wouldn't need to explain something that can't be seen. The more McDebt cooked up, the less money loaned out. It doesn't make sense. It can't be true!

In the simple but harsh reality of fairy tale Peak Debt land, money and debt are the same and look like a great big pie. Every time the baker makes a big pie the big bad wolf eats it. Instead of pie, the baker gives rain checks to all the munchins. The more rainchecks the munchins have, the more hungry they get.

Peak Debt land is different from rationing land.  The munchins also get Peak Food, Peak Housing, Peak Jobs, Peak everything.

It's different this time in munchin land. This little munchin gets two smidgens of pie crumbs and this little munchin gets one smidgen and this one gets 'wee, wee,wee' all the way home.

Webmaster of www.madam-mysterious.com.